Harris plans to price 15-year callable Libor range accrual CDs

By Susanna Moon

Chicago, March 2 - Harris NA plans to price callable Libor range accrual certificates of deposit due March 30, 2026, according to an FWP filing with the Securities and Exchange Commission.

The coupon will be 5.15% for the first year. After that, the rate will accrue at 5.15% per year on each day that six-month Libor is less than 6%. Interest is payable quarterly.

The payout at maturity will be par.

The CDs are callable at par on any interest payment date beginning March 30, 2012.

The CDs will settle on March 30.

The Cusip is 41456TNC9.

Advisors Asset Management, Inc. is the distributor.

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