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Barclays Bank Delaware plans 0.5% seven-year CDs linked to S&P 500
By Marisa Wong
Madison, Wis., April 4 - Barclays Bank Delaware plans to price 0.5% certificates of deposit due April 29, 2021 linked to the S&P 500 index, according to a term sheet.
Interest is payable annually.
The payout at maturity will be par plus any index gain, subject to a maximum return of 130% to 135%. If the index return is zero or negative, the payout will be par.
The CDs (Cusip: 06740AQ44) are expected to price on April 24 and settle on April 30.
Barclays is the agent. Incapital LLC is the distributor.
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