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Barclays Bank Delaware plans CDs due 2020 tied to equity indexes
By Jennifer Chiou
New York, Feb. 7 - Barclays Bank Delaware plans to price certificates of deposit due Feb. 27, 2020 linked to a basket of equally weighted indexes, according to a term sheet.
The underlying indexes are S&P 500 index, Euro Stoxx 50 index and the FTSE 100 index.
The payout at maturity will be par plus 80% of any basket gain, subject to a minimum return of at least 4% to 6%.
If the basket falls, the payout will be par.
The CDs (Cusip: 06740AYA1) are expected to price on Feb. 22 and settle on Feb. 28.
Barclays is the agent. Advisors Asset Management, Inc. is the distributor.
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