Barclays Bank Delaware plans CDs on Q-GSP Large Cap Risk Controlled

By Jennifer Chiou

New York, March 7 - Barclays Bank Delaware plans to price certificates of deposit due March 29, 2019 linked to the Q-GSP Large Cap Risk Controlled 5% USD ER index, according to a term sheet.

The index provides dynamic exposure to a basket of growth stocks selected each month from the S&P 500 index. It gains exposure to these stocks by using a volatility control mechanism. The stocks that are selected have a high ratio of historical growth rates to price/earnings ratio.

The coupon is expected to be at least 0.3% per year, payable annually at the end of March.

The payout at maturity will be par plus any index gain. Investors will receive at least par.

The notes (Cusip: 06740ASQ3) will price on March 26 and settle on March 30.

Barclays Capital Inc. is the agent.

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