Barclays Bank Delaware plans CDs due 2022 on S&P 500 index

By Jennifer Chiou

New York, July 3 – Barclays Bank Delaware plans to price 0% certificates of deposit due Jan. 21, 2022 linked to the S&P 500 index, according to a term sheet.

The payout at maturity will be par plus any index gain, subject to a maximum return of 50% to 55%. If the index return is zero or negative, the payout will be par.

The CDs (Cusip: 06740AV97) are expected to price on July 18 and settle on July 25.

Barclays is the agent. Incapital LLC is the distributor.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.