Rabobank plans 110% principal-protected CDs linked to the S&P 500 via LaSalle

By Laura Lutz

Des Moines, Oct. 2 - Rabobank, NA plans to price 110% principal-protected certificates of deposit due April 30, 2013 linked to the S&P 500 index via LaSalle Financial Services, Inc., according to a term sheet.

The CDs will be callable on July 31, Oct. 31, Jan. 31 and April 30 of each year, beginning on Jan. 31, 2008.

The payout at maturity will be based on the index performance as determined based on semiannual valuation dates throughout the life of the notes. The payout will be par plus the index return, subject to a minimum payout of 110% of par.

The CDs are expected to price on Oct. 26 and settle on Oct. 31.

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