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| Prospect News home > News index > List of issuers L > Headlines for LaSalle Bank, NA > News item |
LaSalle to issue $10 million callable CD linked to S&P 500
By Jennifer Chiou
New York, Nov. 3 - LaSalle Bank, NA plans to issue $10 million of callable certificates of deposit due Feb. 24, 2011 linked to the S&P 500 index, according to a term sheet.
The CD is expected to price on Nov. 20 and settle on Nov. 24.
It will be callable after two years at 108%.
If the CD is not called, at maturity investors will receive the percentage gain on the index.
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