Barclays plans CDs due 2022 linked to S&P 500 with 48%-52% cap

By Susanna Moon

Chicago, Oct. 7 – Barclays Bank Delaware plans to price 0% certificates of deposit due April 29, 2022 linked to the S&P 500 index, according to a term sheet.

The payout at maturity will be par plus any index gain, up to a maximum return of 48% to 52%. The exact cap will be set at pricing.

If the index falls, the payout will be par.

Barclays is the agent. Incapital LLC is distributor.

The CDs will price on Oct. 24 and settle on Oct. 31.

The Cusip number is 06740A2J7.

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