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Capital Trust securities (Tables)
 12 Months Ended
Oct. 31, 2019
Text block [abstract]  
Summary of Significant Terms and Conditions of Notes
The table below presents the significant terms and conditions of the Notes. As at October 31, 2019, we held
nil trading positions (2018: $8 million in net long trading positions) of the Notes.
 
$ millions, as at October 31
 
  
  
 
 
  
 
  
  
 
 
  
 
  
2019
 
  
2018
 
 
  
 
 
  
 
 
  
 
 
 
Earliest redemption dates
 
 
 
 
  
Principal amount
 
  
  
Issue date
 
  
Interest payment dates
 
  
Yield
 
 
At greater of
Canada Yield
Price and par 
(1)
 
  
At par
 
 
  
 
  
  
 
  
  
 
Series A
  
 
March 13, 2009
 
  
 
June 30, December 31
 
  
 
9.976
 % 
 
 
June 30, 2014
 
  
 
June 30, 2019
 
 
 
 
 
  
$
–
 
  
$
1,300
 
Series B
  
 
March 13, 2009
 
  
 
June 30, December 31
 
  
 
10.250
 % 
 
 
June 30, 2014
 
  
 
June 30, 2039
 
 
 
 
 
  
 
300
 
  
 
300
 
 
  
 
 
 
  
 
 
 
  
 
 
 
 
 
 
 
  
 
 
 
 
 
 
 
  
$
    300
 
  
$
    1,600
 
 
(1)
Canada Yield Price: a price calculated at the time of redemption (other than an interest rate reset date applicable to the series) to provide a yield to maturity equal to the yield on a Government of Canada bond of appropriate maturity plus: (i) for the CIBC Tier 1 Notes – Series A, (a) 1.735% if the redemption date is any time prior to June 30, 2019, or (b) 3.475% if the redemption date is any time on or after June 30, 2019; and (ii) for the CIBC Tier 1 Notes – Series B, (a) 1.645% if the redemption date is any time prior to June 30, 2039, or (b) 3.29% if the redemption date is any time on or after June 30, 2039.