Barclays Bank Delaware plans CDs due 2021 tied to Armour II 7% index

By Marisa Wong

Madison, Wis., June 9 – Barclays Bank Delaware plans to price 0% certificates of deposit due June 30, 2021 linked to the Barclays Armour II Excess Return 7% index, according to a term sheet.

The payout at maturity will be par plus 120% to 130% of any index gain. If the index return is zero or negative, the payout will be par.

Barclays is the agent. Incapital LLC is the distributor.

The CDs will price on June 25 and settle on June 30.

The Cusip number is 06740AU64.

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