| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers S > Headlines for SunTrust Banks, Inc. > News item |
SunTrust Bank to price 0% CDs linked to Dow Jones Industrial Average
By Angela McDaniels
Tacoma, Wash., Oct. 1 - SunTrust Bank plans to price 0% certificates of deposit due Oct. 20, 2014 linked to the Dow Jones Industrial Average, according to a term sheet.
The payout at maturity will be par plus the index return, subject to a minimum return of 12% and a maximum return of 30% to 35% that will be set at pricing.
Beginning Sept. 15, 2010, the CDs will be putable on March 15, June 15, Sept. 15 and Dec. 15 of each year. The redemption amount will be calculated differently than the payout at maturity and may be less than par.
The CDs will price Oct. 22 and settle Oct. 28.
Incapital LLC 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.