Barclays Bank Delaware plans 0.1%-0.25% CDs due 2019 linked to S&P 500

By Susanna Moon

Chicago, Feb. 7 - Barclays Bank Delaware plans to price 0.1% to 0.25% certificates of deposit due Feb. 27, 2019 linked to the S&P 500 index, according to a term sheet.

Interest will be payable quarterly.

The payout maturity will be par plus the sum of the 24 quarterly index returns, with a minimum payout of par.

Each quarterly index return is subject to a cap of 3% to 4% and a floor of negative 15%. The actual cap will be set at pricing.

Barclays is the agent. Advisors Asset Management, Inc. is the distributor.

The CDs will price on Feb. 22 and settle on Feb. 28.

The Cusip number is 06740AXS3.

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