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CERTIFICATES of DEPOSIT

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LAST UPDATED 07-24-2014
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STOCK MARKET, INDEX AND BASKET LINKED CDs

closeFEATURES

Overview | Process | FDIC Coverage | Stock Market CD Features | Callable CD Features | ID Requirements | Fees

OVERVIEW    

Stock Market, Index & Basket Linked CDs are FDIC insured and are purchased at The FISN Division of Landolt Securities, Inc., a brokerage firm.  CD interest can be linked to performance of stocks, a commodity or commodities and/or currency indexes. FDIC insured banks use brokerage firms to distribute their CDs nationwide.  The FISN Division of Landolt Securities, Inc. has access to a wide inventory from most Wall Street firms and CD issuers. Investors can select CDs that they believe will capture some of the upside possibilities of the market while avoiding some of the down-side risks. All CDs are held in a brokerage account. The banks do not issue physical certificates.

 PROCESS       

Investors open a standard brokerage account at the FISN Division of Landolt Securities, Inc. Accounts are held at National Financial Services LLC., which provides Clearing, Custody and Safekeeping services for Landolt Securities. A brokerage account may hold many different CDs. It is not necessary to open a new account for each CD purchase. If you already have an FISN brokerage account, you may purchase your CDs immediately. If you have opened a new account you need to fund the account by sending a fed funds wire or a check. Once funds have been received, you may begin purchasing securities.

The FISN Division of Landolt Securities, Inc. sends new account paperwork and any additional brokerage forms to the customer or they may be downloaded from our Form page. Paperwork is returned to the FISN Division of Landolt Securities, Inc. along with the required identification. See ID requirements below.

Confirmation of each securities trade and account statements are sent for each account to the investor from National Financial Services LLC on behalf of the FISN division of Landolt Securities

FDIC COVERAGE        

CDs are purchased in amounts starting at $25,000. No more than the $250,000 insurance limit per ownership category should be invested in any one bank at the same time to insure coverage of both principal and interest. There is no limit on the number of banks the can be purchased per brokerage account and accounts can be opened for other ownership categories such as joint or trust accounts. FDIC coverage for retirement accounts is $250,000 per bank and is separate from any FDIC insured accounts the owner may have with that bank. FISN can work with you to spread your funds over multiple FDIC insured banks and over multiple brokerage accounts (if you qualify) to keep your funds within insured limits.

STOCK MARKET AND INDEX CD FEATURES

Market and Index linked CDs pay interest based upon the gain in a related stock market, commodity or currency index. Some CDs pay a minimum interest return regardless of the index gain others do not. (Check the details of each issue to determine if there is a minimum interest rate). Market linked CDs typically pay interest at maturity. At maturity, the index return is calculated. If the gain exceeds the minimum interest, then the full gain is paid out. If the gain is less than the minimum, zero or even negative, just the minimum interest amount is paid. If there is no minimum interest stipulated on the CD, you receive just the positive index gain as interest, or you receive no interest if the index actually declined in value. The interest is paid at maturity into the brokerage account where it can continue to earn interest in a money market fund account. if the index declines, it is possible no interest could be earned over the full term.

Each CD has its own unique terms that establish the formula. Investors are advised to study the Terms & Conditions (Prospectus) of each offering and the Disclosure documents carefully in order to fully understand floating formulas, contingency terms and other features. Disclosures and Prospectus should be retained for future reference. Consult the RISKS tab for the advantages and disadvantages of a Market or Index linked CD.

Stock Market and Index linked CDs are linked to a variety of domestic and foreign equity indexes as well as commodity & currency indexes. Most commonly used are the U.S. stock indexes - S&P 500, NASDAQ 100 and the Dow Jones Industrial Average. Foreign indexes for stocks in Europe or Asia are often mixed with U.S. indexes to comprise a world basket investment. A wide variety of commodities and currencies can also be mixed in an investment basket.

The index return is calculated in a variety of ways usually with some type of averaging. The index level on selected dates are averaged and compared to the initial index to figure the gain. Other structures look at the just the difference between the start date and the final date. Gains are often limited by caps or a maximum return. Each deal is unique. Key information is the name of the bank, the actual index used, the method of calculating the gain with any caps or floors and whether there is a minimum level of interest.

Most Stock Market CDs are not callable. Callable market linked CDs have the usual non-callable term and a callable term. The interest amount is fixed up-front for each call and cannot change. The longer the CD goes without being called the higher the interest amount. Interest is only paid when called, or at maturity, if not called. The interest amount at maturity usually looks at the difference between the index from the initial start date and the final stop date. Some CDs calculate an average of the index at certain specified dates, which may impact the amount participation in the gains of the index.

Each CD has its own unique terms that establish the formula. Investors are advised to study the Terms & Conditions (Prospectus) of each offering and the Disclosure documents carefully in order to fully understand floating formulas, contingency terms and other features. Disclosures and Prospectus should be retained for future reference. Consult the RISKS tab for the advantages and disadvantages of a Market or Index linked CD.

CALLABLE CD FEATURES

At the end of the non-callable period, the CDs may be called for the full amount of the deposit. If called, the bank returns the deposit amount to the brokerage account with interest to date. If not called, the CD remains callable based upon the scheduled call dates. Only the issuing bank of each CD can make the call decision, not the depositor or the broker. Key information is the first call date with its interest amount and subsequent call dates with their applicable interest amounts.

Interest paid into the brokerage account via checks or electronic funds transmission straight to your local bank. You can set up a payment schedule called a "Custom Payment/Earning Plan. The form is available on the Forms page. Available cash also can be withdrawn from the account via checks, automatic teller machines or debit card. There may be fees for accounts with ATM or debit cards.>

CDs are held in a Brokerage accounts at the FISN Division of Landolt Securities, Inc. Securities in Landolt Securities accounts are carried by National Financial Services LLC, Member NYSE/SIPC, a Fidelity Investments company which provides Clearing Custody and Safekeeping services.

ID REQUIREMENTS

The FISN Division of Landolt Securities, Inc. is required under the Patriot Act to verify the identity of individuals and entities. Individuals are required to provide a copy of a current government issued, photo identification. Business accounts, trusts and other non-individual accounts have special requirements. Ask your FISN Representative what documents will be required to open up a particular type of account.

Please note that some banks exclude residents of certain states from the purchase of their CDs. Your Representative may need to inquire about your state of residence

FEES

There are no placement fees or commissions for the purchase of a CD. The issuing banks pay brokers to distribute their CDs nationwide. New issue CDs are sold at par or a price of 100.00 for each $ 100.00 of the CD. Par is the face amount of the CD on which interest is earned. Some CDs may require minimum purchase amounts. Your Representative may need to inquire about how much you wish to invest.

closeDISCLOSURE

Standard CD Disclosure Statement

Click on the link above to read the Standard CD Disclosure that applies to most types of CDs. It covers the general terms and conditions applicable to CDs. Some CDs have disclosures (Prospectus) that are particular to that issue that can include details of interest calculations, market baskets or an index. Examples of a CD that would have a separate Prospectus include Market -Linked or Floating Rate CDs. If there is a separate Prospectus (known as a Disclosure Statement) for a CD it will have a "Prospectus" link with the offering. Look for the Prospectus for each deal with a Prospectus through the link on the FISN Division web site or ask your FISN Division Registered Representative to send it to you. Current disclosures are made available to purchasers for new issues either by mail or online after the trade date or settlement date. Disclosures for secondary issues were publish at the time of the original offering but may be no longer available. FISN will endeavor to supply a Prospectus for secondary market CDs but cannot guarantee availability.

Typical Product Disclosure for a Market Linked CD tied to the S&P 500 Index

Typical Product Disclosure for a Market Linked CD with Annual Income tied to a Global Equities Basket

Typical Product Disclosure for a Market Linked CD with Annual Income tied to a US Equities Basket

Typical Product Disclosure for a Market Linked CD with Annual Income tied to a Commodities Basket

closeRISKS

Unique Risks for Stock Market CDs | Market Risk | Interest Rate Risk | Secondary Market Availability Risk | Re-Investment Risk | Principal Risk

UNIQUE RISKS FOR STOCK MARKET CDs

Stock Market CDs present risks unique to that style of CD. These CDs by definition are not traditional. There is often no guaranteed interest unless a minimum interest amount is offered by the terms of the deal. The return is linked to the return of a stock market or other type index. Investors should be aware of the unique terms of each CD including: which index is used, how the return is calculated, whether there are any limiting factors such as averaging, floors or ceilings or wheter there are periods where no interest could be earned. The risk that the index may not behave as well as the market as a whole, that ceilings could cap the upside of the market rise or that no interest is earned for periods or not at all. Read the disclosure statement/Prospectus carefully to understand all applicable risks. Some limiting factors could enhance the return compared to the market. Unlike a stock or mutual fund, the return of original investment is FDIC insured if held to maturity and it is held and registered properly in the brokerage account.

MARKET RISK

All investments including certificates of deposit (CDs) held in a securities account are subject to market risk. Market risk is always present but has no effect if CDs are held to maturity. Most CDs are purchased with the intention of holding them to maturity. This risk arises from the valuation that potential buyers in the market put on an investment that could be offered for sale. The potential risk is that the value may fall and transaction cost may be incurred if the item is put up for sale. This risk could become a real loss if holdings are actually sold. Market values are estimated on FISN Division monthly statements. Current market values can be requested from your FISN Division Investment Manager. It is possible that the value may rise as well and then it would be a market value gain. Market risk is an overall risk caused many factors such as economic events, interest rate movements, transaction cost and availability of purchasers.

INTEREST RATE RISK

All investments that pay interest or dividends are subject to interest rate risk. Certificates of deposit (CDs) are included since their primary purpose is to produce income in the form of interest. Interest rate risk is present if interest rates are moving up from their original level but has no effect if CDs are held to maturity. Most CDs are purchased with the intention of holding them to maturity. The rule is simple: if rates rise, the “market” value will fall. All purchasers in the secondary market demand the yield on previously issued CDs be increased to current levels before they buy them. Yields are increased by reducing the price. This risk could become a real loss if holdings are actually sold. Market values are estimated on FISN Division monthly statements. Current market values can be requested from your FISN Division Investment Manager. Of course, the value may rise if interest rates fall and then it would be a market value gain if sold.

SECONDARY MARKET AVAILABILITY RISK

All investments are subject to the availability of a secondary market. Income producing investments including certificates of deposit (CDs) are included particularly since they don’t trade such as stocks do on an established “stock market”. The risk is the availability of such an organized and active place to sell your investment. This risk is present if you plan to sell your investment but has no effect if CDs are held to maturity. Most CDs are purchased with the intention of holding them to maturity. The FISN Division of Landolt Securities, Inc., though not obligated to do so, may maintain a secondary market in CDs after any initial distribution. Simply stated - buyers are needed to sell something. This risk could become a real loss if holdings are actually sold. Market values are estimated on FISN Division monthly statements. Current market values can be requested from your FISN Division Investment Manager. Relative values may rise if more buyers are present and can be reached in a timely and effective fashion.

RE-INVESTMENT RISK

All fixed income investments are subject to re-investment risk. This risk is related to what you do when an investment ends, regardless of the reason. If you plan to continue investing, you have to re-enter the marketplace to find a new, replacement investment. One side of this “risk” is that rates may be lower and/or fewer products are available. The other side of this “risk” is that rates may be higher and/or more products are available. Strategies to lessen this risk are to time investment maturities close to when you might need the money back or to go long when rates appear high and to go short term when rates appear low. Some investors do both by laddering the maturities between long and short terms. Longer term CDs capture higher returns from longer investments. Shorter maturities keep the remainder of your funds regularly available so rate and market swings are not missed.

PRINCIPAL RISK

All investments are subject to principal risk. All investments are subject to principal risk. This risk is connected to the issuer. If the financial outlook of issuer declines, the issuer’s credit rating could be downgraded or the issuer could actually default on its debt. With most debt, if the issuer is less credit worthy, the debt will fall in value. And, if the issuer cannot repay the debt at all, the investment may be near worthless. The principal value will diminish in either case. With FDIC insured CD investments these two risks are nearly non-existent. Most banks, particularly regional banks, are not rated but even if they were, it typically does not’t matter much because the FDIC stands behind the bank. In a default, the FDIC is still there, protecting depositors. The FDIC usually transfers deposits to a viable bank or simply returns the deposit when a bank fails. Both actions occur promptly as is required in the FDIC rules. This risk is avoided by following the FDIC rules and staying insured.

closeLIQUIDITY

Overview | Early Withdrawal | CD Sale | Transferability | Payable on Death

OVERVIEW

Certificates of deposit (CDs) are less liquid than trading investments such as stocks. CDs are designed to be held to maturity rather than be bought and sold. A CD investor can reclaim their funds by liquidating a certificate of deposit through a variety of methods. CDs can be sold in the over-the-counter market and most CDs have a payment at death feature.

EARLY WITHDRAWAL

Certificates of deposit held in brokerage accounts do not have early withdrawal rights for reasons other than death of the owner or joint owner. The survivor receives par value of the principal and any accrued interest.

CD SALE

Certificates of deposit can be sold in the secondary “over the counter” market, which is conducted via the telephone and computer between brokerage firms. There is no mechanism such as the New York Stock Exchange where orders can be entered and a sale is guaranteed. The availability of this secondary market for CDs cannot be guaranteed. There may not be buyers willing to pay an acceptable price if a CD is put up for sale. Also impacting the price is that CDs compete with other fixed income investments being offered at the same time.

To start the CD sale process, the investor has to offer their CD for sale through their broker. The broker will consider whether the brokerage firm wants to hold the CD in its own inventory for resale at a later time or to sell it to another brokerage firm on the “street”. The investor can accept the price or continue to hold the CD. There is no assurance how high the “bid” price will be or that this price will be close to estimated prices shown online or printed on recent statements. Prices are simply reflections of the market and business objectives of participating firms.

TRANSFERABILITY

Most CDs held in a brokerage account can be transferred between firms. The receiving firm requests the delivering firm to transfer cash, securities and CDs between accounts registered in the same ownership name. All debits and fees need to be paid prior to a transfer. Every firm has a process including minimums, fees and forms. It is not possible for certificates to be issued and sent to owners of record. CDs held in a brokerage account do not have physical certificates.

PAYABLE ON DEATH

Certificates of deposit generally have a feature that permits CDs to be paid back following the death of an owner. This is also called a “death put”. The standard privileges for refunding the CD apply if the CD is owned by a single person or by a joint account of individuals. Other ownership forms used by individuals may require investigation to determine whether they fit the circumstances necessary for payment on death. Each bank has its own criteria for accepting a death put, since there are no government rules or standards for a death payment. If applicable, the bank usually requires a death certificate and a standard form indicating the authority of a living individual to request the payment following death for the deceased person.

The FISN Division of Landolt Securities, Inc. can assist survivors or estate officials in this process. The death put of a CD must be done from the brokerage account of the former owner. The transfer of the CD to another account voids the death put. The transfer of the CD signals the new owner’s acceptance of the CD as is.

The return of funds is not immediate and can take several weeks or more once all the paper work is submitted. If the CD is held in a brokerage account the funds are simply returned to the brokerage account. The full amount is returned with interest up to the date of withdrawal. The new owners may move the funds to their brokerage account or request a check.

CD Term

Market
Index

CD Index
Return

Minimum
Interest

Minimum
Deposit

Closing
Date

Buy

 
5.0 Yrs

JPMorgan Chase Bank

BRIC Currency Basket Market Linked Deposit


Basket
Components

Brazilian Real, Russian Ruble, Indian Rupee & Chinese Renminbi

Disclosure

Point-to-Point Appreciation with No Cap & Minimum Interest


Interest is paid at maturity based upon the increase relative to the US Dollar in the equally weighted currency basket from the starting level to the ending level. These currencies appreciate against the US Dollar if the exchange value of the dollar falls. There is no cap on the BRIC currencies' appreciation. If the leveraged basket value is up less than the minimum, or is down, the minimum rate of 4.00% is paid. FDIC insured.

4.00% Per Full Term Paid at Maturity$25,00007/25/2014Buy
5.0 Yrs

Barclays Bank Delaware

US Large-Cap Stock Basket Market Linked Deposit


Basket Components
Apple, Inc. (AAPL), AbbVie, Inc. (ABBV), American Express Company (AXP), Bristol-Myers Squibb Company (BMY), ConocoPhillips (COP), Cisco Systems, Inc. (CSCO), Ford Motor Company (F), Microsoft Corporation (MSFT), PPL Corporation (PPL), Williams Companies, Inc. (WMB)

Click here for Prospectus

Annual Interest Payout with Auto Cap on the Upside & Floor Protection on the Downside


Annual interest is paid based upon the average gain of the 10 US Large-Cap stocks in the equally weighted basket. Every year the gain is recomputed from the initial average value at the beginning of the CD to the annual, end-of-period average value and interest is paid if applicable. The gain is the average change in the basket value. If the change for any stock component is positive or flat, it automatically gets counted at the Auto Cap increase level. The Auto Cap stock increase level will be between 6.00-6.50% per annum. The actual rate will be determined no later than the closing date of the issue. Each year, if the basket is either down or up less than 0.50%, a minimum interest payment of 0.50% per annum will be paid. There is a downside Floor of negative 15% down per component security. FDIC insured.

0.50% minimum payment per annum$25,00007/25/2014Buy
5.75 Yrs

Barclays Bank Delaware

S&P 500 Index Equity Market Linked Deposit


Click here for Prospectus

 

 

Quarterly Average Increase with No Cap


Interest is paid at maturity based upon the increase in the average of 23 quarterly closing levels of the S&P 500 Index. There is no cap on the quarterly increases. The investor will receive 100% of the appreciation of the quarterly average return of the S&P 500 Index. If the Index average is not positive over the term of the CD, the investor will recieve his/her principal back at maturity with no interest payment. FDIC insured.

None$25,00007/25/2014Buy
6.0 Yrs

Barclays Bank Delaware

US Large-Cap Stock Basket Market Linked Deposit


Basket Components
Apple, Inc. (AAPL), AbbVie, Inc. (ABBV), American Express Company (AXP), Bristol-Myers Squibb Company (BMY), ConocoPhillips (COP), Cisco Systems, Inc. (CSCO), Ford Motor Company (F), Microsoft Corporation (MSFT), PPL Corporation (PPL), Williams Companies, Inc. (WMB)

Click here for Prospectus

Annual Interest Payout with Auto Cap on the Upside & Floor Protection on the Downside


Annual interest is paid based upon the average gain of the 10 US Large-Cap stocks in the equally weighted basket. Every year the gain is recomputed from the initial average value at the beginning of the CD to the annual, end-of-period average value and interest is paid if applicable. The gain is the average change in the basket value. If the change for any stock component is positive or flat, it automatically gets counted at the Auto Cap increase level. The Auto Cap stock increase level will be between 7.00-7.50% per annum. The actual rate will be determined no later than the closing date of the issue. Each year, if the basket is either down or up less than 0.40%, a minimum interest payment of 0.40% per annum will be paid. There is a downside Floor of negative 10% down per component security. FDIC insured.

0.40% minimum payment per annum$25,00007/25/2014Buy
6.0 Yrs

JPMorgan Chase Bank

JPMorgan Optimax Market-Neutral Index Commodity Linked Deposit


Optimax
Commodity Index

Basket Constituents

Energy Commodities
WTI Crude Oil, Gasoline (RBOB), Natural Gas, Gas Oil & Heating Oil

Industrial Metals Commodities
Lead, Zinc, Nickel, Aluminum & Copper

Precious Metals Commodities
Gold & Silver

Agriculture Commodities
Corn, Wheat, Coffee & Sugar
 

Click here for Optimax Index Strategy Guide
 

Click here for Prospectus

Point-to-Point Appreciation of Monthly Rebalanced Synthetic Commodity Portfolio


Interest is paid at maturity based upon at least 130% of the gain realized in the Optimax Market-Neutral Index over the term. The exact percentage will be determined no later than the closing date of the issue. The Index is rebalanced each month in order to maximize the estimated return for the synthetic portfolio without exceeding a given risk threshold. There is no cap on the gain. The underlying Bloomberg index symbol is CMDTOMER.

The Optimax Market-Neutral Index references the value of a synthetic portfolio of 16 commodity constituents, each of which is a sub-index of the S&P GSCI Index  (Excess Return Commodity Index with each such sub-index itself comprised of exchange-traded commodity futures contracts) and is intended to serve as a benchmark value of a particular commodity.

The Index employs a strategy that is based upon modern portfolio theory and momentum theory. The Index is rebalanced monthly utilizing algorithms to take synthetic long and short positions in the constituents based on mathematical rules. These rules reset the sum of the weights of each constituents to zero and applies certain volatility and diversification constraints. The re-balancing of the Index will generally take long synthetic positions in those constituents with positive estimated future returns and short synthetic positions in the constituents with negative estimated future returns. 

Modern portfolio theory analyzes the relationship between assets contained within a portfolio and allocates the weights of those assets in an effort to obtain an "efficient" portfolio with the highest expected return for a given level of risk. Momentum theory seeks to capitalize on positive and negative trends which can be expected to continue in the future.

Investors should read the Term Sheet and Brochure carefully before investing. FDIC insured.

None$25,00007/28/2014Buy
7.0 Yrs

JPMorgan Chase Bank

JPMorgan ETF Efficiente 5 Index Market Linked Deposit


ETF Efficiente 5 Index

Basket Components

Developed Equities - 50% Maximum Possible Allocation
SPDR® S&P 500® ETF Trust, iShares® Russell 2000 ETF & iShares® MSCI EAFE ETF

Bonds - 50% Maximum Possible Allocation
iShares® Barclays 20 Year Treasury Bond ETF, iShares® iBOXX Investment Grade Corporate Bond ETF & iShares® iBOXX High Yield Corporate Bond ETF

Emerging Markets - 25% Maximum Possible Allocation
iShares® MSCI Emerging Markets ETF &  iShares® J.P. Morgan USD Emerging Markets Bond ETF
 
Alternative Investments - 25% Maximum Possible Allocation
iShares® U.S. Real Estate ETF, iShares® S&P GSCI® Commodity-Indexed Trust & SPDR® Gold Trust

Inflation Protected Bonds and  Cash - 50% Maximum Possible Allocation
iShares® TIPS Bond ETF & JPMorgan Cash Index USD 3 Month
 

Click here for JPMorgan ETF Efficiente 5 Index Brochure
 

Click here for Prospectus

Point-to-Point Appreciation of Monthly Rebalanced Synthetic Portfolio without a Cap


Interest is paid at maturity based upon at least 140% of the gain (the exact percentage will be determined no later than the closing date of the issue) realized in the ETF Efficiente 5 Index, a notional dynamic basket, from the starting Index value to the ending Index value. The JPMorgan ETF Efficiente 5 Index is a JPMorgan strategy that tracks the excess returns of 12 exchange-traded funds (ETFs) in a synthetic portfolio representing a diverse range of asset classes and geographic regions.There is no cap on the gain. The underlying index Bloomberg symbol is EEJPUS5E.

The index basket re-balances monthly a synthetic portfolio composed of the Basket Components.  The monthly index basket composition is based upon the "modern portfolio theory" approach to asset allocation, which suggests how a rational investor should allocate their capital across the available universe of assets to maximize return for a given risk appetite. The basket is re-balanced monthly to get the highest return based upon current conditions.This strategy is based on the assumption that the most efficient allocation of assets is one that maximizes returns per unit of risk. The Index uses the volatility of returns of hypothetical portfolios as the measure of risk.
 

Investors should read the Term Sheet and Brochure carefully before investing. FDIC insured.

None$25,00007/28/2014Buy
7.0 Yrs

JPMorgan Chase Bank

U.S. & Canadian Large Cap Stock Basket Market Linked Deposit


Basket Components
Apple, Inc. (AAPL), Duke Energy Corporation (DUK), FedEx Corporation (FDX), Intel Corporation (INTC), The Coca-Cola Company (KO), Eli Lilly & Company (LLY), McDonald's Corporation (MCD), Occidental Petroleum Corporation (OXY) , The Procter & Gamble Company (PG), Potash Corporation of Saskatchewan, Inc. (POT)

Click here for Prospectus

Annual Interest Payout with Auto Cap on the Upside & Floor Protection on the Downside


Annual interest is paid based upon the average gain of the 10 U.S. & Canadian Large Cap stocks in the equally weighted basket. Every year the gain is recomputed from the initial average value at the beginning of the CD to the annual, end-of-period average value and interest is paid if applicable. The gain is the average change in the basket value. If the change for any stock component is positive or flat, it automatically gets counted at the Auto Cap increase level. The Auto Cap stock increase level will be at least 7.25% per annum. The exact rate will be determined no later than the closing date of the issue. There is a downside Floor of negative 10% down per component security. FDIC insured.

None$25,00007/28/2014Buy
7.0 Yrs

Barclays Bank Delaware

U.S. Large-Cap Stock Basket Market Linked Deposit


Basket Components
Apple, Inc. (AAPL), AbbVie, Inc. (ABBV), American Express Company (AXP), Bristol-Myers Squibb Company (BMY), ConocoPhillips (COP), Cisco Systems, Inc. (CSCO), Ford Motor Company (F), Microsoft Corporation (MSFT), PPL Corporation (PPL), The Williams Companies, Inc. (WMB)

Click here for Prospectus

Annual Interest Payout with Auto Cap on the Upside & Floor Protection on the Downside


Annual interest is paid based upon the average gain of the 10 U.S. Large-Cap stocks in the equally weighted basket. Every year the gain is recomputed from the initial average value at the beginning of the CD to the annual, end-of-period average value and interest is paid if applicable. The gain is the average change in the basket value. If the change for any stock component is positive or flat, it automatically gets counted at the Auto Cap increase level. The Auto Cap stock increase level will be between 5-5.50% per annum. The exact rate will be determined no later than the closing date of the issue. Each year, if the basket is either down, or up by less than 1.40%, a minimum interest payment of 1.40% per annum will be paid. There is a downside Floor of negative 10% down per component security. FDIC insured.

1.40% minimum payment per annum$25,00007/25/2014Buy
7.5 Yrs

Barclays Bank Delaware

EURO STOXX 50 Index Market Linked Deposit


Click here for Prospectus

 

 

Point-to-Point Appreciation with No Cap

Interest is paid at maturity based upon the increase in the EURO STOXX 50 Index over the term from the starting index level to the final index level. There is no cap on the increase and the investor will receive 100% of the appreciation of the index over the course of the CD. No interest payment will be made if the Index is not up over the term of the CD. FDIC insured.

None$25,00007/25/2014Buy