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

By Angela McDaniels

Tacoma, Wash., Jan. 5 - Harris NA plans to price zero-coupon principal-protected callable certificates of deposit due Jan. 29, 2015 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 Jan. 29, 2013.

The CDs will price Jan. 26 and settle Jan. 29.

Incapital LLC is the distributor.

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