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SunTrust Bank to sell certificates of deposit linked to Dow Industrials
By Susanna Moon
Chicago, Nov. 2 - SunTrust Bank plans to price 0% certificates of deposit due Nov. 25, 2014 linked to the Dow Jones Industrial Average, according to a term sheet.
The payout will be par plus the greater of 10% and the index return, up to a maximum appreciation of 30% to 40%.
The CDs will settle on Nov. 24.
Incapital is the distributor.
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