Advanced Micro Devices Inc Canadian Depositary Receipt

Advanced Micro Devices Inc Canadian Depositary Receipt is a Canadian Depositary Receipt (CDR) issued by CIBC that provides Canadian investors with a fractional beneficial ownership interest in a pool of shares of common stock of Advanced Micro Devices, Inc. This CAD-hedged instrument allows exposure to the underlying U.S.-listed company's performance while mitigating foreign exchange risk through a daily adjusted CDR Ratio. As the Canadian dollar strengthens against the U.S. dollar, the CDR Ratio increases, representing a larger fractional interest in the underlying shares; conversely, it decreases if the Canadian dollar weakens. CDR holders receive dividends passed through in Canadian dollars upon receipt by the depositary and can vote the underlying shares via CIBC's online portal on a best-efforts basis proportional to their holdings and the current ratio. Trading in Canadian dollars, it facilitates convenient access for Canadian investors to a leading semiconductor designer and manufacturer specializing in high-performance computing solutions, graphics processing units, and data center technologies without direct foreign market exposure.