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Barclays to sell 0.5% CDs linked to basket of indexes and one currency
By Susanna Moon
Chicago, Jan. 5 - Barclays Bank Delaware plans to price 0.5% certificates of deposit due Jan. 27, 2015 based on the performance of a basket of indexes and a currency, according to a term sheet.
The basket consists of the S&P 500 index with a 16.67% weight, the Brazilian real with a 50% weight, the Dow Jones - UBS Commodity index with a 16.67% weight and the Consumer Price Index with a 16.66% weight.
Interest is payable annually.
The payout at maturity will be par plus any gain in the basket, up to a cap of 45% to 55%. The exact rate will be set at pricing.
Investors will receive at least par.
The CDs are expected to price on Jan. 22 and settle on Jan. 29.
Barclays Capital Inc. is the agent. Advisors Asset Management, Inc. is the distributor.
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