Barclays Bank Delaware plans seven-year CDs tied to Euro Stoxx 50

By Jennifer Chiou

New York, March 6 - Barclays Bank Delaware plans to price 0% certificates of deposit due March 25, 2021 linked to the Euro Stoxx 50 index, according to a term sheet.

The payout at maturity will be par plus any index gain, up to a maximum return of 75% to 80%. The exact rate will be set at pricing.

If the index falls, the payout will be par.

The CDs (Cusip: 06740AM89) are expected to price on March 21 and settle on March 28.

Barclays is the agent. Incapital LLC 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.