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Prospect News home > News index > List of issuers H > Headlines for Harris NA > News item
Published on 5/1/2009 in the Prospect News Structured Products Daily.

Harris plans principal-protected CDs linked to PowerShares QQQ Trust

By Susanna Moon

Chicago, May 1 - Harris NA plans to price zero-coupon principal-protected certificates of deposit due May 29, 2014 linked to the PowerShares QQQ Trust Series 1 exchange-traded fund, according to an FWP filing with the Securities and Exchange Commission.

At maturity investors will receive par plus 4% and the fund interest, which will be the sum of the 20 quarterly returns minus 4%. The quarterly returns will have a cap of 6% and a floor of 0%.

The CDs will price on May 26 and settle on May 29.

Morgan Stanley & Co. Inc. is the agent.


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