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Barclays plans to price certificates of deposit linked to S&P 500
By Angela McDaniels
Tacoma, Wash., Oct. 4 - Barclays Bank Delaware plans to price 0% certificates of deposit due Oct. 29, 2020 linked to the S&P 500 index, according to a term sheet.
The payout at maturity will be par plus the index return, subject to a minimum payout of par and a maximum return of 40% to 45%. The exact maximum return will be set at pricing.
Barclays is the agent. Incapital LLC is distributor. The fees are expected to be 4%.
The CDs will price Oct. 25 and settle Oct. 31.
The Cusip number is 06740AD63.
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