Charles Schwab & Co. of San Francisco this week introduced an equity- linked certificate of deposit tied to the Standard & Poor's 500 index.

The CD offers 100% return of principal when held to maturity and is designed for conservative investors who want to protect their principal but also take advantage of the potential for higher returns in the equity market.

The product requires a minimum deposit of $10,000 and has an approximate maturity of five years. It offers FDIC insurance up to $100,000.

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