Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers S > Headlines for S&P 500 index > News item |
Barclays Bank Delaware to price six-year CDs tied to S&P 500 index
By Marisa Wong
Madison, Wis., Sept. 7 - Barclays Bank Delaware plans to price certificates of deposit due Sept. 27, 2018 linked to the S&P 500 index, according to a term sheet.
The CDs will pay a coupon of 0.15% to 0.4% on the 28th of September each year. The exact coupon rate will be set at pricing.
The payout maturity will be par plus the sum of the 24 quarterly index returns, subject to a floor of zero.
Each quarterly index return is subject to a cap of 3% to 5% and a floor of negative 25%. The actual cap will be set at pricing.
The CDs (Cusip: 06740AVQ9) are expected to price Sept. 24 and settle Sept. 28.
Barclays is the agent. Advisors Asset Management, Inc. is the distributor.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.