Harris plans callable protected five-year CDs on S&P 500 index

By Susanna Moon

Chicago, Feb. 2 - Harris NA plans to price callable principal-protected certificates of deposit due Feb. 26, 2015 based on the S&P 500 index, according to a term sheet.

The CDs are callable on Aug. 26, 2013 at 117.5% of par.

The coupon will be any gain on the index, payable at maturity.

The payout at maturity will be par.

The CDs will price on Feb. 23 and settle on Feb. 26.

Incapital LLC is the distributor.

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