SunTrust Bank plans CDs linked to index basket

By Susanna Moon

Chicago, March 3 - SunTrust Bank plans to price five-year 0% principal-protected certificates of deposit linked to a basket of equally weighted indexes, according to a term sheet.

The basket consists of the S&P 500, Dow Jones Euro Stoxx 50 and Nikkei 225 indexes.

The payout at maturity will be par plus any basket gain, up to a maximum return of between 40% and 50%. The exact cap will be set at pricing.

Investors will receive a minimum return of 3%.

The CDs will price on March 23 and settle on March 27.

Incapital LLC is the distributor.

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