Barclays Bank plans CDs linked to Q-GSP Large Cap US Risk Controlled

By Angela McDaniels

Tacoma, Wash., May 9 - Barclays Bank Delaware plans to price 0.25% to 0.5% certificates of deposit due May 30, 2019 linked to the Barclays Q-GSP Large Cap US Risk Controlled 5% USD ER index, according to a term sheet.

Interest will be payable annually. The exact coupon will be set at pricing.

The payout at maturity will be par plus any index gain. Investors will receive at least par.

The index provides dynamic exposure to a basket of growth stocks selected each month from the S&P 500 index. It gains exposure to these stocks by using a volatility control mechanism. The stocks that are selected have a high ratio of historical growth rates to price/earnings ratio. The index aims to be neutral with respect to general market trends by taking a short position in the S&P 500 Total Return index.

The notes (Cusip: 06740ATV1) will price May 24 and settle May 31.

Barclays Capital Inc. is the agent. Advisors Asset Management, Inc. is distributor.

© 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.