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Barclays to price certificates of deposit linked to S&P 500 index
By Angela McDaniels
Tacoma, Wash., Sept. 5 – Barclays Bank Delaware plans to price 0% certificates of deposit due Sept. 29, 2021 linked to the S&P 500 index, according to a term sheet.
If the index return is positive, the payout at maturity will be par plus the index return, subject to a maximum return that is expected to be 35% to 40% and will be set at pricing. If the index return is less than or equal to zero, the payout will be par.
Barclays is the agent. Incapital LLC is distributor.
The CDs will price Sept. 24 and settle Sept. 30.
The fees are expected to be no more than 3.5%.
The Cusip number is 06740AY52.
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