CIBC World Markets is today announced the launch of a new series of principal protected notes linked to the performance of commodities, CIBC Commodity-linked Rainbow Deposit Notes, Series 1.

The six-year investment combines the potential returns of four of the most liquid commodities in the world – crude oil, copper, aluminum and natural gas – with principal protection at maturity.

CIBC says the notes provide a “rainbow allocation” feature. Variable interest payable at maturity is determined by “looking back” at the end of the six-year term at the change in commodity prices (positive or negative) and applying a greater weighting to the best performing commodities and a lesser weighting to the poorer performers.

While there is no cap on the amount of interest that may be payable at maturity, it is possible that there may be no return. Principal will be repaid by CIBC at maturity.

The notes are available for purchase from registered financial advisors until September 16.