hop 5Y Tech Step-Down Kickout Plan (CIBC61)

Term

5 years

Underlying

Microsoft, Alphabet, Amazon

Return

14.50% p.a. (paid at maturity)

Observation Dates

Every three months from 09 October 2028 to 08 July 2031 (inclusive)

KO / Return Barrier

90% | 80% | 70% |50%

Capital at Risk Barrier

50% European

Counterparty

CIBC

Counterparty credit ratings

S&P Rating	Fitch Rating	Moody's Rating
A+ (stable outlook)	AA (stable outlook)	Aa2 (stable outlook)

UKSPA product code

1260 - Kick Out

Summary Risk Indicator

Important Dates

Closing Date	ISA Transfer Date	Strike Date
06/10/2026	24/09/2026	08/10/2026

Details

There are set dates during the term (every three months, from the end of the first year onwards) when investors might receive a return. If all three stocks (Microsoft, Alphabet and Amazon.com) close at or above a reducing percentage of their Start Levels on one of these dates, the Plan will mature early and repay the Amount Invested, together with a fixed return equal to 14.50% for each year that has passed since the Start Date (not compounded).
If there is no early maturity, there are two possible outcomes at maturity:

If all three stocks close at or above 50% of their Start Levels at maturity, investors receive a fixed return of 72.50% and the Amount Invested is repaid in full.
If any of the stocks close below 50% of their Start Levels at maturity, investors will make a loss. They will lose 1% for every 1% fall in the worst-performing stock from its Start Level.

Availability

	Cash ISA	Equity ISA	Direct	ISA Transfer	SIPP
Availability
Minimum contribution	n/a	£3,000	£3,000	£3,000	£3,000

* Credit ratings are correct as of 24 August 2026. ** Minimum contributions do not include any applicable adviser charges. † This plan is available for investment through third party SIPP Providers.

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hop 5Y Tech Step-Down Kickout Plan (CIBC61)

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