Harris to price six-year principal-protected CDs tied to iShares Dow Jones Select Dividend ETF

By Marisa Wong

Madison, Wis., July 1 - Harris NA plans to price principal-protected certificates of deposit due July 29, 2016 linked to the iShares Dow Jones Select Dividend index fund, according to a term sheet.

The payout at maturity will be par plus the index fund return, subject to a floor of par.

The CDs are callable at any time. If called, the CDs will pay a 6% annualized call premium.

The CDs (Cusip: 41456THP7) will price on July 27 and settle on July 30.

Incapital LLC is the distributor.

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