CIBC offers GBP 1 million in preference share-linked notes due 2028
CM•CIBC will issue GBP 1 million of preference share-linked notes due November 2028 at 100% of nominal value. Redemption tracks Tower Securities' Series 388 Preference Shares linked to the S&P 500, and principal is not protected.
1. Note offering
CIBC plans to issue GBP 1 million of Preference Share Linked Notes on November 13, 2026, at an issue price of 100% of nominal value. The notes mature on November 13, 2028, subject to adjustment to the tenth business day following final valuation.
2. Redemption and listing
Redemption tracks Tower Securities' Series 388 Preference Shares, which are linked to the S&P 500 Index. Principal is not protected. CIBC has applied to list the notes on the Luxembourg Stock Exchange and trade them on its Euro MTF.
