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Barclays Bank Delaware plans protected CDs due 2020 on commodity index
By Marisa Wong
Madison, Wis., Sept. 4 - Barclays Bank Delaware plans to price 0% certificates of deposit due Sept. 29, 2020 linked to the Dow Jones-UBS Commodity index, according to a term sheet.
The payout maturity will be par plus any index gain, subject to a maximum return of 50% to 60%.
If the index falls, the payout will be par.
Barclays is the agent. Incapital LLC is the distributor.
The CDs will price on Sept. 24 and settle on Sept. 30.
The Cusip number is 06740AC80.
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