What are CIBC Principal At Risk Notes (PARs)
CIBC Principal At Risk Notes are dynamic financial instruments that provide a predefined level of principal exposure, with a potential opportunity for enhanced income and growth.
Principal At Risk Notes provide a return that’s tied to the performance of a specified reference asset. The payoff potential of PARs will typically be higher than PPNs and MLGICs of the same maturity. However, PARs carry the risk of principal loss if the reference asset performs poorly. Rather than full principal protection at maturity, as with PPNs and MLGICs, PARs offer no or only partial principal protection, depending on the note.
To learn more, talk to your Wood Gundy Advisor today or visit the Investor’s Edge PARs page Opens a new window..