SunTrust Bank plans CDs linked to Dow Jones Industrial Average

By Angela McDaniels

Tacoma, Wash., Oct. 1 - SunTrust Bank plans to price 0% certificates of deposit due April 19, 2012 linked to the Dow Jones Industrial Average, according to a term sheet.

The payout at maturity will be par plus any index gain, subject to a minimum return of 4% to 6%. The exact minimum will be set at pricing.

The final index level used to calculate the index return will be the average of the index's closing levels on seven semiannual measurement dates falling in April and October of each year.

Beginning Sept. 15, 2009, the CDs will be putable on quarterly early redemption dates. The redemption amount will be calculated differently than the payout at maturity, will include an early withdrawal penalty and may be less than par.

The CDs will price on Oct. 22 and settle on Oct. 27.

SunTrust Robinson Humphrey, Inc. and SunTrust Investment Services, Inc. will be the agents.

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