Barclays Bank plans seven-year CDs with cap linked to S&P 500 index

By Susanna Moon

Chicago, Nov. 6 – Barclays Bank Delaware plans to price 0% certificates of deposit due Nov. 26, 2021 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 35% to 40%.

If the index falls, the payout will be par.

Barclays is the agent. Incapital LLC is distributor.

The CDs will price on Nov. 21 and settle on Nov. 26.

The Cusip number is 06740A2Y4.

© 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.