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MERITS®: Medium Term Equity Related Investment Securities

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The information displayed is intended solely as a convenience to visitors and should be used for informational purposes only. You should contact your own investment professional for specific details about any information contained in this site. In particular, the prices displayed are indicative only and reflect current market conditions. The provision of this information is not intended as an offer to buy or a solicitation of an offer to sell the securities described. CIBC makes no representations or guarantees regarding the accuracy, reliability or completeness of the information posted, nor the methodologies or assumptions underlying indicative prices, and all information is subject to change without notice. You should, therefore, independently verify any information obtained from this site before acting upon it. Display of price information does not indicate that such securities were or could have been purchased or sold or were offered or bid at a price equal to such value on such date, or that CIBC was obligated to buy or sell at the indicated price.

Further, the distribution of material on this site may be restricted by the laws and regulations of the country from which you are accessing this site. Where such restrictions exist, this information is not intended for distribution to, or use by, any person or entity in any such jurisdiction, and persons accessing these pages are required to inform themselves about and to observe any such restrictions. The information on this site is not intended for the use of private investors in the UK, and such investors will not be able to purchase the securities described.

CIBC World Markets Corp., CIBC World Markets Inc., their affiliated companies, or their respective shareholders, directors, officers and/or employees, may have a long or short position or deal as principal in or engage in other transactions involving the securities described here or in related instruments. CIBC World Markets Corp. or one of its affiliated companies acted as underwriter in connection with the original offering of such securities. Accordingly, information may be available to CIBC World Markets Corp., CIBC World Markets Inc. or its affiliated companies which is not reflected in the materials on this site and which may be acted upon or used prior to posting here.

The securities described may not be eligible for sale in some states or countries, nor suitable for all types of investors; their prices, value and/or the income they produce may fluctuate and/or be adversely affected by exchange rates or tax treatment. The securities described are not deposits, are not FDIC insured and involve investment risks, including possible loss of the principal amount invested. Past performance is no guarantee of future results.

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