Barclays Bank Delaware to price seven-year CDs linked to S&P 500

By Marisa Wong

Madison, Wis., Jan. 3 - Barclays Bank Delaware plans to price 0% certificates of deposit due Jan. 28, 2021 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 maximum return of 45% to 50% that will be set at pricing.

If the index falls, the payout will be par.

Barclays is the agent. Incapital LLC is the distributor.

The CDs (Cusip: 06740AH85) will price Jan. 24 and settle Jan. 31.

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