Harris to sell callable protected five-year CDs on S&P 500 index

By Susanna Moon

Chicago, March 4 - Harris NA plans to price callable principal-protected certificates of deposit due March 31, 2015 based on the S&P 500 index, according to a term sheet.

The CDs are callable at 115% of par on Sept. 26, 2013.

The coupon will be 75% of any gain on the index, payable at maturity.

The payout at maturity will be par.

The CDs will price on March 26 and settle on March 31.

Incapital LLC is the distributor.

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