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Harris plans principal-protected CDs linked to S&P 500
By Susanna Moon
Chicago, Dec. 2 - Harris NA plans to price principal-protected certificates of deposit due Dec. 27, 2013 linked to the S&P 500 index, according to a term sheet.
Payout at maturity will be par plus the sum of the periodic returns on the index over the term of the CDs. The return in each annual period will be capped at 15%.
Investors will receive at least par.
The notes will price on Dec. 22 and settle on Dec. 29.
BMO Capital Markets Corp. is the agent.
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