Fortis to price corridor notes linked to iShares MSCI Emerging Market via JVB

By Jennifer Chiou

New York, May 13 - Fortis Bank plans to price 18-month corridor notes linked to the iShares MSCI Emerging Market index fund, according to a term sheet from distributor JVB Financial.

At maturity on Nov. 25, 2009, investors will receive par plus a 19.5% digital coupon as long as the fund's shares stay within 19.5% of the initial level.

If the shares close outside the barrier range, investors will receive par.

The notes are expected to price on May 22.

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