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Barclays Bank Delaware plans CDs due 2022 linked to S&P 500 index
By Jennifer Chiou
New York, March 6 – Barclays Bank Delaware plans to price 0% certificates of deposit due Sept. 27, 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 40% to 45%. If the index return is zero or negative, the payout will be par.
The CDs (Cusip: 06740A5E5) are expected to price on March 20 and settle on March 27.
Barclays is the agent. Incapital LLC is the distributor.
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