Barclays plans 0.25%-1% certificates of deposit linked to S&P 500

By Toni Weeks

San Diego, Aug. 4 - Barclays Bank plc plans to price 0.25% to 1% certificates of deposit due March 2, 2017 linked to the S&P 500 index, according to a disclosure supplement.

Interest is payable in August of each year.

The payment at maturity will be par plus the sum of the quarterly index returns for each of the 22 observation dates, which may be positive or negative. Each quarterly index return will be capped at 2.5% to 5%.

Investors will receive a minimum of par.

The exact terms will be set at pricing.

The CDs (Cusip: 06740AQG7) are expected to price Aug. 25 and settle Aug. 31.

Barclays Capital Inc. will be the agent. Advisors Asset Management, Inc. will act as the distributor.

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