LaSalle Bank Midwest to issue $10 million S&P 500-linked CDs

By Jennifer Chiou

New York, Aug. 21 - LaSalle Bank Midwest, NA plans to price a $10 million issue of callable certificates of deposit linked to the S&P 500 index, according to a term sheet.

The maturity will be Nov. 30, 2010.

The CDs will be callable on Aug. 30, 2008 at 116.5%, Aug. 30, 2009 at 124.75% or Aug. 30, 2010 at 133%.

The securities will have an early redemption option every quarter after one year at the holder's option.

If not called or redeemed, the payout at maturity will be par plus the return on the S&P 500 index, with a floor of par.

The CDs will price on Aug. 25 and settle on Aug. 30.

LaSalle Bank NA will be the agent.

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