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

By Angela McDaniels

Tacoma, Wash., April 5 - Harris NA plans to price 0% callable principal-protected certificates of deposit due April 30, 2015 linked to the S&P 500 index, according to a term sheet.

The payout at maturity will be par plus 75% of any index gain. Investors will receive at least par.

The CDs will be callable at 115% of par on April 30, 2013.

The CDs will price April 27 and settle April 30.

Incapital LLC is the distributor.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.