Barclays Bank Delaware plans CDs due 2020 linked to Armour II index

By Marisa Wong

Madison, Wis., April 4 - Barclays Bank Delaware plans to price 0% certificates of deposit due Oct. 29, 2020 linked to the Barclays Armour II Excess Return 5% index, according to a term sheet.

The payout at maturity will be par plus 145% to 155% of any index gain. If the index return is zero or negative, the payout will be par.

The CDs (Cusip: 06740AQ51) are expected to price on April 25 and settle on April 30.

Barclays is the agent. Incapital LLC is the distributor.

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