[This video uses animation to illustrate spoken content. Three simple stick figures enclosed in a circle appear
with an arrow pointing to money enclosed in a circle. The money is replaced by a shielded dollar sign which
then points to a lock over the letters GIC in a struck-through circle. The struck-through circle flips around to an
image of money in a jar enclosed in a circle.]
Canadian investors who need capital protection but are not willing to lock-up their hard-earned money in a
GIC, often accept a reduced rate of return from a savings account.
[A box with the text “Principal Protected Notes” appears. A shielded dollar sign and upward arrows appear next
to the box.]
These investors are unaware that there are other investment solutions like CIBC Principal Protected Notes that
provide the same capital protection of traditional GICs but with increased return potential.
[A contact card for the case study candidate “Priya” appears. The following information appears on screen in
bullet points.]
Meet Priya. Priya is in her mid-40’s and has been investing for years in order to purchase a house in the near
future.
[A bar graph appears. The bars change in height, representing high-risk investment. The bar graph is then
replaced by three combination locks.]
Although Priya is unhappy with the fixed rates being offered on traditional GICs, she’s not willing to risk what
she’s already earned for her down payment, or lock-up her money for several years.
[A singular bar appears, with a security lock within it. The rectangle then gets taller.]
By investing in a CIBC Principal Protected Note, Priya benefits from 100% principal protection at maturity with
the higher return potential of the stock market.
[The bar transforms into a box labelled “sold” with a house appearing above it.]
Now Priya may reach her goals sooner, with peace of mind along the way.
[The following text appears in bullet points.]
Principal Protected Notes may be suitable for investors like Priya who:
● value 100% principal protection at maturity and
● are looking to potentially earn above market returns relative to fixed-rate GICs and savings accounts
[The CIBC logo appears.]
CIBC Principal Protected Notes.
Increase your return potential, not your risk.

[This video uses animation to illustrate spoken content. Three simple stick figures appear on-screen, each with
an investment portfolio over their head and an arrow pointing upwards. The arrows fly up and transform into
three circles.]
Many Canadians look to earn higher returns from their portfolios by investing in securities like mutual funds,
ETFs and stocks.
[The circles combine to form a data point at the left end of a line graph as three other lines grow out of the dot
to represent market changes.]
However, many of these investors feel like they’re at the mercy of the market’s highs and lows while attempting
to reach their goals.
[A box with the text “Principal at Risk Notes” appears.]
These investors are unaware that there are investment solutions like CIBC Principal at Risk Notes that start
with their goals in mind.
[Arrows fly upwards and behind an encircled calendar. Encircled money appears to the left of the calendar, and
an encircled speedometer labelled “risk” appears to the right. All three circles combine to form a target marker
with a checkmark at the centre. A house, graduation cap, and plane appear around the target marker.]
CIBC Principal at Risk Notes can be tailored to an investor’s specific time horizon, cash flow needs and risk
tolerance, with the sole aim of increasing the probability of meeting their unique goals.
[A contact card for the case study candidate “Eddie” appears. The following information appears on screen in
bullet points.]
Let’s take a look at Eddie. He’s 66, recently retired, and needs approximately 7% per annum in cash-flow to
fund his lifestyle.
[A line graph appears and shows a plotted line steadily moving upwards. A more sporadic line with varying
highs and lows replaces the steady line and finishes lower with green checkmarks or red ‘X’ icons marking the
annual points this line over- or under-performed.]
With a traditional investment approach, Eddie would need the market to generate approximately 7% per year in
cash flow without declining in value, or would need to buy a high risk bond to maintain his lifestyle.
[The sporadic line disappears and the steady line returns showing consistent growth with a green check at
each annual point. A slightly sporadic line appears underneath the steady line, representing a flat and negative
market.]
But by using CIBC Principal at Risk Notes, Eddie can customize his investments with the potential to generate
7% in cash flow per year – even if the market is flat or slightly negative.
[The following information appears on screen in bullet points.]
CIBC Principal at Risk Notes may be suitable for investors like Eddie, who:
● are already investing in mutual funds, ETFs and stocks and are comfortable with some downside risk and
● are looking to maximize the probability of achieving their specific target return
[The CIBC logo appears.]
CIBC Principal at Risk Notes. Where your financial goals are the benchmark.
The Balanced Asset 10 Index™ overview video I 2