| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers H > Headlines for Harris NA > News item |
Harris plans six-year CDs inversely tied to Barclays 7-10Y Treasury
By Angela McDaniels
Tacoma, Wash., Feb. 2 - Harris NA plans to price certificates of deposit due Feb. 16, 2017 inversely linked to the Barclays Capital U.S. Treasury 7-10 Year Total Return index, according to a term sheet.
The payout at maturity will be par plus the greater of the index interest amount and the minimum interest rate.
If the final index level is less than the initial level, the index interest amount will be 200% of the absolute value of the index return. Otherwise, the index interest amount will be zero.
The minimum interest rate is expected to be 7.4% to 9.4% and will be set at pricing.
The CDs (Cusip: 41456TME6) will price Feb. 11 and settle Feb. 16.
BMO Capital Markets Corp. is the agent. Advisors Asset Management, Inc. is the distributor.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.