Harris plans to price protected CDs due 2014 linked to S&P 500 index

By Susanna Moon

Chicago, July 7 - Harris NA plans to price contingent payout principal-protected certificates of deposit due July 31, 2014 linked to the S&P 500 index, according to a term sheet.

The coupon will be based on the performance of the index, up to a cap of 16% to 20%. The exact cap will be set at pricing.

The payout at maturity will be par plus accrued interest.

The CDs will price on July 28 and settle on July 31.

InCapital LLC is the distributor.

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