Harris plans protected CDs inversely tied to Barclays 7-10Y Treasury

By Marisa Wong

Madison, Wis., Aug. 3 - Harris NA plans to price principal-protected certificates of deposit due Aug. 31, 2015 inversely linked to the performance of the Barclays 7-10 Year Treasury index, according to a term sheet.

The payout at maturity will be par plus the greater of the fixed interest amount and the index interest amount. The fixed interest amount will be $20 to $50 per $1,000 CD and will be set at pricing. The index interest amount will equal the absolute value of any index decline or zero if the final index level is greater than or equal to the initial level.

The CDs (Cusip: 41456THZ5) will price on Aug. 26 and settle on Aug. 31.

Incapital LLC is the distributor.

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