Barclays Bank Delaware plans seven-year CDs linked to three indexes

By Marisa Wong

Madison, Wis., Nov. 7 – Barclays Bank Delaware plans to price 0% certificates of deposit due Nov. 26, 2021 linked to a basket of equally weighted international indexes, according to a term sheet.

The underlying components are the S&P 500 index, the Euro Stoxx 50 index and the Nikkei Stock Average index.

For each component, a periodic index return will be calculated for each quarterly observation date and is equal to (i) the closing index level on any observation date minus the initial index level divided by (ii) the initial level. The periodic index returns for a particular component will then be averaged over the life of the notes to calculate the basket component return for that component index. Finally, the three basket component returns will be averaged to calculate the final basket return.

The payout at maturity will be par plus any basket gain, subject to a minimum return of 4% to 5% that will be set at pricing.

Barclays is the agent. Incapital LLC is the distributor.

The CDs will price Nov. 21 and settle Nov. 26.

The Cusip number is 06740A2Z1.

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