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SunTrust Bank to sell certificates of deposit tied to Dow Industrials
By Susanna Moon
Chicago, Sept. 29 - SunTrust Bank plans to price 0% index-linked certificates of deposit due Sept. 30, 2014 linked to the Dow Jones Industrial Average, according to a term sheet.
The payout at maturity will be par plus any gain in the index, up to a maximum return of 30% to 35%.
Investors will receive at least par plus 12%.
The CDs will settle on Oct. 28.
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