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

By Susanna Moon

Chicago, May 4 - Harris NA plans to price 0% callable principal-protected certificates of deposit due May 28, 2015 based on the S&P 500 index, according to a term sheet.

The CDs are callable at 118% of par on May 28, 2013.

The payout at maturity will be par plus 77% of any gain on the index. Investors will receive at least par.

The CDs will price on May 25 and settle on May 28.

Incapital LLC is the distributor.

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