Harris plans to price principal-protected CDs linked to S&P 500 index

By Angela McDaniels

Tacoma, Wash., Dec. 9 - Harris NA plans to price zero-coupon principal-protected certificates of deposit due Dec. 31, 2014 linked to the S&P 500 index, according to a term sheet.

The payout at maturity will be par plus any index gain. Investors will receive at least par.

The CDs will be callable at 115% of par on Dec. 31, 2012.

The CDs will price Dec. 28 and settle Dec. 31.

Incapital LLC is the distributor.

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