Offerings Report

[Pages:2]Offerings Report

Offerings Report Created on: 08/24/15

Quantity Min Available Trade

CUSIP Description

719

1 02006LTK9 ALLY BANK CD

500

1 38148JH20 G O LDMAN S ACHS BANK US A CD

868

1 02006LTL7 ALLY BANK CD

500

1 38148JH61 G O LDMAN S ACHS BANK US A CD

692

1 02006LTJ2 ALLY BANK CD

500

1 38148JG 62 G O LDMAN S ACHS BANK US A CD

500

1 33650Q AH9 First S outh Bank

172

1 33646CFM1 1st S ource Bank - 9087

500

1 587550EK6 MERCANTILE BANK CD

472

1 38148JH38 G O LDMAN S ACHS BANK US A CD

500

1 38148JG 47 G O LDMAN S ACHS BANK US A CD

530

1 33646CFN9 1st S ource Bank - 9087

500

1 201282G Y0 Com m ercial Bank

500

1 38148JH53 G O LDMAN S ACHS BANK US A CD

500

1 38148JG 70 G O LDMAN S ACHS BANK US A CD

500

1 38148JG 96 G O LDMAN S ACHS BANK US A CD

500

1 38148JH79 G O LDMAN S ACHS BANK US A CD

500

1 38148JH46 G O LDMAN S ACHS BANK US A CD

500

1 38148JH87 G O LDMAN S ACHS BANK US A CD

9 ,9 53

Total Par & No. Line Items

Insur

FDIC FDIC FDIC FDIC FDIC FDIC FDIC FDIC FDIC FDIC FDIC FDIC FDIC FDIC FDIC FDIC FDIC FDIC FDIC

19

Coupon Freq.

1.250 1.200 1.500 1.400 1.750 1.650 1.450 1.700 1.700 2.000 1.250 1.800 1.850 2.250 2.450 2.600 2.700 2.800 2.900

S em i-Ann S em i-Ann S em i-Ann S em i-Ann S em i-Ann S em i-Ann

M on th ly S em i-Ann

M on th ly S em i-Ann S em i-Ann S em i-Ann

M on th ly S em i-Ann S em i-Ann S em i-Ann S em i-Ann S em i-Ann S em i-Ann

Maturity

08/28/17 09/05/17 02/27/18 03/02/18 08/27/18 09/04/18 02/28/19 08/28/19 08/30/19 09/03/19 09/09/19 02/28/20 08/28/20 09/02/20 09/02/21 09/02/22 09/05/23 09/03/24 09/02/25

Term Next Call

2 Years 2 Years 2.5 Years 2.5 Years 3 Years 3 Years 3.5 Years 4 Years 4 Years 4 Years 4 Years 4.5 Years 5 Years 5 Years 6 Years 7 Years 8 Years 9 Years 10 Years

C 16@ 100

------ Estimated ------

YTW

YTM

Price

S tate Re str.

1.250 1.250 100.000

1.200 1.200 100.000

1.500 1.500 100.000

1.400 1.400 100.000

1.750 1.750 100.000

1.650 1.650 100.000

1.450 1.450 100.000

1.700 1.700 100.000 IN, MI

1.700 1.700 100.000 IL, MO

2.000 2.000 100.000

1.250 2.110 100.000

1.800 1.800 100.000 IN, MI

1.850 1.850 100.000

2.250 2.250 100.000

2.450 2.450 100.000

2.600 2.600 100.000

2.700 2.700 100.000

2.800 2.800 100.000

2.900 2.900 100.000

S e ttle

08/27 09/02 08/27 09/02 08/27 09/02 08/28 08/28 08/31 09/02 09/09 08/28 08/28 09/02 09/02 09/02 09/02 09/02 09/02

Page 1 of 2

Offerings Report Created on: 08/24/15

All offerings are m eant for consideration and are not recom m endations on the part of LPL Financial. This inform ation shall not be construed as an offer to buy, sell or hold securities, nor shall it be construed to be investm ent advice. The purchase and liquidation of investm ents m ust be based on an individual's risk tolerance, investm ent horizon, and investm ent objective. The content is for inform ational purposes only. All inform ation is from sources believed to be reliable, but cannot be guaranteed. LPL Financial m akes no warranties expressed or im plied as to the accuracy of the inform ation. All offerings are subject to availability with prices and yields subject to change. O fferings are subject but not lim ited to the following risks: Q uality/Default Risk- Potential deterioration of financial health and subsequent downgrade in rating resulting in a potential decline in m arket value and/or default; Interest Rate Risk- Market value decline as interest rates rise; Reinvestm ent Risk- Reinvestm ent of interest incom e or principal at lower rates in a declining rate environm ent; Liquidity- Inability to liquidate prior to m aturity. Prem ium s Paid (price above par/100) - May be worth less than originally invested when sold prior to m aturity or upon m aturity redem ption. Inflation Risks - The yield to call or m aturity m ay not outperform the rate of inflation for the term of the investm ent

The offerings that appear on this worksheet m ay not provide a fair or balanced com parison. Therefore, carefully evaluate the offerings' individual characteristics in order to m ake an inform ed decision. Factors such as rating agencies' outlook, issuers' financials, call features and principal/interest incom e source can widely vary between issues. When considering "bond swaps" considerations should include but not lim ited to: rating/quality, coupon rates/returns, call features, and tax benefits.

Interest incom e from m unicipal bonds m ay be subject to the alternative m inim um tax. Municipal bonds are federally tax-free but other state and local taxes m ay apply.

CD's are FDIC Insured and offer a fixed rate of return if held to m aturity.

Agencies securities are subject to additional risk including prepaym ent and extension risk.

Duration is a m easure of the sensitivity of the price (the value of principal) of a fixed-incom e investm ent to a change in interest rates. It is expressed as a num ber of years. Rising interest rates m ean falling bond prices, while declining interest rates m ean rising bond prices. The bigger the duration num ber, the greater the interest-rate risk or reward for bond prices.

Ratings are subject to change. Below are the definitions of only one rating agency as there are others which m ay define their ratings differently

Investors should consult their financial advisor for m ore inform ation prior to investing.

S &P Rating S cale Definitions:

AAA An obligation rated 'AAA' has the highest rating assigned by S tandard & Poor's. The obligor's capacity to m eet its financial com m itm ent on the obligation is extrem ely strong.

AA An obligation rated 'AA' differs from the highest-rated obligations only to a sm all degree. The obligor's capacity to m eet its financial com m itm ent on the obligation is very strong.

A

An obligation rated 'A' is som ewhat m ore susceptible to the adverse effects of changes in circum stances and econom ic conditions than obligations in higher-rated categories. However, the obligor's capacity to

m eet its financial com m itm ent on the obligation is still strong.

BBB An obligation rated 'BBB' exhibits adequate protection param eters. However, adverse econom ic conditions or changing circum stances are m ore likely to lead to a weakened capacity of the obligor to m eet its financial com m itm ent on the obligation.

BB, B, CCC, CC, and C O bligations rated 'BB', 'B', 'CCC', 'CC', and 'C' are regarded as having significant speculative characteristics. 'BB' indicates the least degree of speculation and 'C' the highest. While such obligations will likely have som e quality and protective characteristics, these m ay be outweighed by large uncertainties or m ajor exposures to adverse conditions.

D An obligation in paym ent default.

*The ratings from 'AA' to 'CCC' m ay be m odified by the addition of a plus (+) or m inus (-) sign to show relative standing within the m ajor rating categories.

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