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Barclays Bank Delaware to sell 0.5%-1% CDs linked to Brazilian real
By Susanna Moon
Chicago, Dec. 3 - Barclays Bank Delaware plans to price certificates of deposit due Dec. 29, 2014 linked to the performance of the Brazilian real relative to the dollar, according to a term sheet.
The coupon will be 0.5% to 1%, payable annually.
The payout at maturity will be par plus 125% to 150% of any currency gain.
Investors will receive at least par.
The exact deal terms will be set at pricing.
The CDs are expected to price on Dec. 23 and settle on Dec. 31.
Barclays Capital Inc. is the agent. Advisors Asset Management, Inc. is the distributor.
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