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Rabobank plans 106% principal-protected CDs linked to S&P 500 via LaSalle
By Laura Lutz
Des Moines, Nov. 7 - Rabobank, NA plans to price 106% principal-protected certificates of deposit due May 21, 2013 linked to the S&P 500 index via LaSalle Financial Services, Inc., according to a term sheet.
The CDs are not callable.
The payout at maturity will be par plus the index return, subject to a minimum payout equal to 106% of par.
The CDs are expected to price on Nov. 16 and settle on Nov. 21.
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