Special Certificates

Special Certificates

Step-Up Certificates are investment products designed to allow investors to earn an enhanced yield through periodic coupon rate increases at designated times within the life of the certificate if the certificate is not called.  Certificates are issued with a series of call dates and coupon rates.  If the certificate is not called on the specific call date, then the coupon rate will increase to the next designated step up rate.  

Certificates are issued in amounts of $100,000 or greater, subject to availability.  When the certificate matures or is called by Corporate America, principal and dividends are credited to your Corporate Funds account.  Dividends will be paid quarterly or semi-annually.  The certificates will pay on a 30/360-day basis and dividends will be automatically credited to your Corporate Funds account.  Original maturities typically range from two to three years.

For more information please contact our Member Investments Group at (205) 313-4300 or (800) 292-6242 ext.185 or memberinvestments@corpam.org.