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Barclays Bank plans to price 0.15%-0.25% CDs linked to S&P 500 index
By Angela McDaniels
Tacoma, Wash., Aug. 5 - Barclays Bank Delaware plans to price 0.15% to 0.25% certificates of deposit due Aug. 31, 2020 linked to the S&P 500 index, according to a term sheet.
Interest is payable annually. The exact rate will be set at pricing.
The payout at maturity will be par plus the index return, subject to a minimum payout of par and a maximum payout of 135% to 149% of par. The exact cap will be set at pricing.
Barclays is the agent. Incapital LLC is the distributor. The fees are expected to be 5%.
The CDs are expected to price Aug. 26 and settle Aug. 30.
The Cusip number is 06740AA90.
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