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BRIEFLY

Chase Manhattan will offer a CD tied to stocks.

March 19, 1987

The account, the first of its kind, represents another crack in barriers preventing banks from directly offering securities products. The account essentially is a certificate of deposit with interest based on changes in the Standard & Poor's 500-stock index over the term of the certificate. Chase officials said they hoped to attract customers who like the safety of a CD but also want the higher potential returns of the stock market.

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