Both the CollegeChoice CollegeSure® CD and the CollegeChoice InvestorSure® CD are unique investment products owned by College Savings Bank. CollegeSure, InvestorSure, College Savings Bank and Column Design are registered servicemarks of College Savings Bank.
The College Board's Independent College 500® Index (IC 500®) is used by College Savings Bank under license from the College Board. College Board, Independent College 500 and IC 500 are registered trademarks of the College Board. The College Board, a nonprofit association, serving students, schools and colleges, is not affiliated in any way with College Savings Bank. The financial products and services of College Savings Bank are not issued, approved or endorsed by the College Board.
Neither College Savings Bank nor the College Board makes any representation, express or implied as to the accuracy of the IC 500 or any data included therein as a measure or predictor of year-to-year changes in the cost of attending an educational institution in connection with the use of the IC 500 as described herein.
Standard & Poor’s® 500 Composite Stock Index (S&P 500®) is a registered trademark, used with permission by Standard & Poor's. The Market Measure for the InvestorSure CD is the S&P 500, published by Standard & Poor’s, a division of The McGraw-Hill Companies, Inc. Because the closing market value is determined by any number of market factors affecting the S&P 500, the Investment Return on the InvestorSure CD may be more or less than a fixed rate of interest earned from other standard CDs. If there is no change or a decrease in the market measure of the S&P 500 from the starting market value (issue date) to the closing market value (maturity date), you will not receive an upside payment. The Bank does not guarantee any specific rate of interest, and offers no warranties, either express or implied, that the InvestorSure CD will result in any upside payment. The Bank disclaims any liability for damages incurred by you as a result of an InvestorSure CD, including compensatory, punitive, indirect or consequential damages (including lost profits).
The InvestorSure product is not sponsored, endorsed, sold, or promoted by Standard & Poor’s. S&P 500 makes no representation or warranty, express or implied, to the owners of this product or any member of the public regarding the advisability of investing in this Product, or the ability of the S&P 500 to track general stock market performance.
Recent and historical rates of return on general and college inflation, Treasury bills and bonds, municipal bonds, the CollegeSure CD and the InvestorSure CD may not be indicative of future rates of return and cannot be used to predict rates of return for future interest periods.
The CollegeChoice CD 529 Savings Plan is not insured by the State of Indiana and neither the principal investment nor the investment return is guaranteed by the State of Indiana.
Participation in a 529 plan does not guarantee that a Beneficiary will be admitted to any particular college or university or be allowed to continue enrollment at or graduate from a higher education institution.
CollegeChoice CD has not sought nor has it received a private letter ruling from the Internal Revenue Service (IRS) regarding the status of CollegeChoice CD under Section 529 of the Internal Revenue Code. If the IRS again begins issuing such private letter rulings, the Indiana Education Savings Authority (Authority) may, in its sole discretion, determine to seek such a ruling in the future. In 2001, the Authority did receive a private letter ruling from the IRS confirming the Indiana Family College Savings Plan’s status as a Qualified Tuition Program. The Indiana Family College Savings Plan was the predecessor 529 plan to CollegeChoice.
It is possible that future changes in federal or state laws or court or interpretive rulings could adversely affect the terms and conditions of CollegeChoice CD or the value of your Account, or the availability of state tax deductions, even retroactively. Specifically, CollegeChoice CD is subject to the provisions of and any changes to or revocation of the Enabling Legislation (as defined in the Disclosure Statement). In addition, it is the Authority’s intention to take advantage of Section 529 of the Code and therefore, CollegeChoice CD is vulnerable to tax law changes or court or interpretive rulings. In addition, tax consequences vary from state to state and may not be consistent with federal tax consequences. You should consul your tax advisor before opening an Account.
Substantial penalty for early withdrawal. Read the
Disclosure Statement carefully before you invest or send money.