Harris plans to price callable range accrual CDs on six-month Libor

By Marisa Wong

Madison, Wis., Dec. 13 - Harris NA plans to price callable six-month Libor range accrual certificates of deposit due Dec. 23, 2025.

The coupon will be 5% for the first year. After that, interest will accrue at 5% for each day six-month Libor is less than 6.25%. Interest is payable quarterly.

The payout at maturity will be par.

The CDs will be callable at par on any quarterly redemption date beginning Dec. 23, 2011.

The CDs (Cusip: 41456TLF4) will settle on Dec. 23.

BMO Capital Markets is the agent.

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