LaSalle Bank, the Chicago subsidiary of ABN Amro of Amsterdam, has unveiled two equity-linked certificates of deposit - one tied to the Nasdaq 100 index and one tied to the Nikkei 225.LaSalle is issuing the Nikkei 225 index-linked CD, which is noncallable and matures in six years. The CD tied to the Nasdaq 100, issued by Charlotte, N.C.-based First Union Corp., is callable and matures in six years.

Index-linked CDs are "a great asset allocation tool," said Patrick J. Kelly, a senior vice president in LaSalle's Boca Raton, Fla., broker-dealer services division. "It allows someone to get exposure to the market and not have to bear market risk."

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.