Bank Auction Certificate Template - Free Download
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Bank Auction Certificate Template
Bank Auction Certificate Template
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A1645 - Sec CD - 10 mo - 08 12 10.doc
AUCTIONED SECONDARY MARKET CERTIFICATE OF DEPOSIT
TERM SHEET
Issuer: BMW Bank of North America, Salt Lake City, UT (the “Bank”),
Member FDIC.
Securities: $5,000 aggregate principal amount (the “Maximum Offering”) of
Auctioned Secondary Market Certificates of Deposit (“Auctioned
CDs”) of the Bank which are FDIC insured up to applicable limits.
.
Auction Window:
Auction Starts: August 05, 2010 3:00 PM EDT.
Auction Ends: August 12, 2010 12:30 PM EDT.
Settlement Date: August 17, 2010
Dated Date: June 18, 2009.
Maturity Date: June 20, 2011.
Coupon/Interest Rate: 2.4%.
Interest:
Interest Accrual Date: June 18, 2010.
Days Accrued: 60 days.
Amount Accrued: $3.95 per $1,000 Principal Amount.
Next Payment: December 18, 2010.
Days to Next Payment: 123 days
Frequency: Semi-annually.
Day Count: Act/365
Payment Schedule:
Interest: December 18, 2010, June 20, 2011.
Principal: June 20, 2011.
Redemption, etc.: The Auctioned CDs may not be redeemed by the Bank prior to
maturity. Funds may not be withdrawn prior to maturity. If you
chose to sell the Auctioned CDs prior to maturity, you may receive
less than your original purchase price.
Survivor’s Put Option available
Bid Type: Price or Yield.
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