A Strong Solution to Power Your Progress		 Special Certificate Offering


Tuesday, July 13, 2010  
CSC 10-13 Compare to Agency
Agency Issue   FHLB 7/8 12-10
Structure 2yr Non Call 3mo w/ Qtrly Calls 2nc3mo (A)
Maturity Date 8/13/2012 7/27/2012
Schedule Quarterly Calls Continuous
Indicated Rate 0.70% 0.875%
First Call Date 11/13/2010 10/27/2010
OAS** @ 68 Volatility 11.88 3.61
   * Indicated Rate - may change with market rates before final pricing date

  • The first call occurs in 3 months on 11/13/2010. After that date, the certificate is callable Quarterly.
  • Southwest Corporate FCU will revisit the financing decision in light of the rate environment on the call date. If financing can be more favorably obtained for Southwest Corporate FCU, the certificate will be called away.
  • This callable pays interest Monthly with the first coupon being paid on 9/15/2010.
  • Quarterly Calls
  • It has a $100,000 minimum and will be issued on a first come, first served basis.
  • Deadline to Order - Wednesday, August 11, 2010, 10:00 AM (CST)
  • Settlement Date - Friday, August 13, 2010.
  • To place an order, click here to send an email or call the Investment Department, at 800.442.5763, ext. 7853.

* The rates quoted are indicators based on market conditions as of Tuesday, July 13, 2010. They are subject to change based on market conditions at the date of issue. Southwest Corporate FCU reserves the right to cancel the offerings of these certificate based on changes in market conditions or demand. Early withdrawal of a share certificate may cause liquidation value of the principal, depending on market conditions, to be lower than the original investment. If the share certificate is liquidated, SCFCU will impose a market-based charge to cover its estimated replacement costs.

**Option-Adjusted Spread is a methodology using option pricing techniques to value the imbedded options risk component of a bond's total spread.

 
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