S&P Index Certificates of Deposit 
Reduce the risk of the stock market index linked investments with  FDIC Deposit Insurance 

Link your returns to stock market performance
Individuals and institutions can participate in this revolutionary new CD whose return is tied to the Standard & Poor’s® S&P 500 Index. It is available to all investors and offers the potential higher returns of the stock market….with the guarantee of the full return of your deposit at maturity.

Principal Returned: 100% Guaranteed!
Your investment earns a percentage increase in the Standard & Poor’s 500 Index over the CD term. 100% of your original account balance will be returned at maturity. Guaranteed! S&P CDs are FDIC insured up to $100,000.

What is the S&P 500 Index?
The S&P 500 Index is a market value-weighted Index of common stocks of 500 companies from 88 industry groups. The movement of these 500 representative stocks is considered to be a reliable indicator of broad market performance and has long been a key benchmark by which professionals evaluate portfolio performance.

How Does The S&P Index CD Work And How Is Interest Calculated?
All interest on the S&P index CD is credited and paid at maturity. The "stock market linked index" interest is based on the percentage increase of the Standard & Poor’s 500 during the term of the CD.

This is calculated by comparing the index on settlement day to the closing index on maturity day or certain averages. This gain is calculated into a percentage to come up with the rate of return. Although the index may fluctuate from time to time, your interest will be based on the gain over the entire holding period.

Why the S&P 500?
The S&P 500 index represents about 75% of the total market value of the New York Stock Exchange. It is among the most well known, and widely used economic indicators. Linking S&P index CD returns to the average S&P 500 index enables you to enjoy the benefit of stock market returns, without the bother of choosing stocks, and best of all….without the risk of losing principal.

What is Different About the S&P Index CD?
S&P index CDs are a unique and innovative product which provide investors with the opportunity to earn returns based on a stock market index, without risking the loss of their initial investment. If you’ve become discouraged with the current interest rate environment, but are apprehensive about risking your principal by investing directly in the stock market, this may what you’ve been looking for!

How is This Product Different from Similar Products Currently Being Offered?
This CD is different from traditional CDs in that it has the potential to earn higher returns than currently exist in the "traditional CD" marketplace. The traditional CD pays a fixed rate of interest. S&P index CDs offers investors an alternative, a CD based on a stock market index with a guarantee that your original principal is 100% guaranteed up to the applicable FDIC limits.

Who Can Take Advantage of This Product?
The S&P index CD is available for any individual or institutional investors. S&P index CDs are available in denominations starting at $25,000. 

Tax Considerations
Certain tax considerations regarding original issue discount may apply. Check with your Tax consultant or broker regarding applicable tax considerations.

Past performance of the stock market or past changes of the S&P 500 are not a guarantee of future results. "Standard & Poor’s", "S&P", "S&P 500", "Standard & Poor’s 500", and "500" are trademarks of Standard & Poor’s Corporation. FDIC coverage rules apply.