Sacred Heart University Issue, Series H

Considerations

Before you buy CHEFA bonds, you should read the related Preliminary and final Official Statements, which will contain all available information about the bonds.

Purchasing CHEFA bonds requires having or opening a brokerage account and, in general, a minimum investment which will be noted in the Preliminary Official Statement.

In the opinion of Bond Counsel, interest on tax-exempt bonds will not be subject to federal personal income taxes and is also exempt from Connecticut state personal income taxes. See the Preliminary and final Official Statements. Before deciding to purchase any bonds, investors should consult their tax advisors to determine the applicable federal, state and local tax consequences of owning CHEFA bonds.

Transaction Overview *

Estimated Size:

$50,000,000

Expected Structure:

Fixed Rate, Insured (Assured Guaranty)

Serial Bonds:

Serial Bonds maturing July 1, 2012 through July 1, 2025

Term Bonds:

Term Bond due July 1, 2028

Call Feature for Optional Redemption:

To Be Determined

Interest Payment Dates:

January 1, July 1, commencing July 1, 2012

Final Maturity:

July 1, 2028

Denominations:

$5,000

Ratings:

Assured Guaranty ratings (pending)

Underlying Ratings - Moody's: Baa2, stable outlook; Standard & Poor’s: BBB, stable outlook

Tax Status:

Tax Exempt

Schedule*

Pricing:

January 26, 2012

Expected Date of Delivery:

February 14, 2012

* Preliminary, subject to change.

Buying CHEFA Bonds

Under no circumstances shall the information on this website constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.

The information contained on this website has been included for general informational purposes only and no person should make any investment decision in reliance upon the information contained herein.

CHEFA bonds may not be sold, nor may an offer to buy be accepted, prior to the time an Official Statement is delivered in final form. A definitive Official Statement with respect to any particular bond issue will be made available concurrently with their sale. A Preliminary Official Statement for any current bond issue may be obtained from the firms listed in this section of the website.

To purchase Sacred Heart University Issue, Series H bonds, and for a Preliminary Official Statement and a more complete description of the bonds, contact an investment professional at one of the firms listed below. For investment advice, please contact your investment advisor.

(800) 243-2478

Co-Manager: Bank of America Merrill Lynch

(800) 234.6381