Barclays plans to price certificates of deposit linked to Euro Stoxx 50

By Angela McDaniels

Tacoma, Wash., Oct. 4 - Barclays Bank Delaware plans to price 0% certificates of deposit due Oct. 29, 2020 linked to the Euro Stoxx 50 index, according to a term sheet.

The payout at maturity will be par plus the index return, subject to a minimum payout of par and a maximum return of 60% to 65%. The exact maximum return will be set at pricing.

Barclays is the agent. Incapital LLC is distributor. The fees are expected to be 4%.

The CDs will price Oct. 25 and settle Oct. 31.

The Cusip number is 06740AD71.

© 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.