Protection with potential - for your peace of mind
CIBC Principal Protected Notes (PPNs) are a convenient investment product for investors who
want to participate in the financial markets without risking their initial investment.
CIBC PPNs combine key investment characteristics of both stocks and bonds: the return potential of stocks with the safety of bonds. The distinguishing feature of these investments is that the principal amount – your original investment – is 100% protected if the PPNs are held to maturity.
CIBC Principle Protected notes are avaiable in a wide variety of terms, features and maturity dates. Principle protected notes can also be fully customized to meet your needs but minimum investment amounts would apply.
PPN benefits at a glance
Guaranteed principal
Your original investment – the principal amount – is 100% protected when the PPNs are held to maturity.
Diversification
Underlying assets may include stocks, mutual funds, indexes, commodities or any combination (multiasset), making portfolio diversification easy.
Accessibility
CIBC PPNs may provide exposure to various asset classes, market sectors and geographic regions without direct currency risk.
Growth potential
Benefit from the growth potential of the underlying assets without the risk to principal that may result from a direct investment.
Income potential
Variable interest linked to the performance of the underlying assets may be payable at periodic intervals. In some cases, interest may even be guaranteed for the first year or longer.
Suitable for many investor types
CIBC PPNs may be a suitable complement to both higher-risk, direct-equity investments and low-risk cash portfolios.
Flexibility
You're not "locked-in"– CIBC PPNs may be sold anytime prior to maturity.*
100% RRSP eligible
CIBC PPNs qualify for investment in registered plans and most other tax-deferred plans.