| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers C > Headlines for Costco Wholesale Corp. > News item |
Barclays Bank Delaware to price five-year CDs linked to 10 stocks
By Wendy Van Sickle
Columbus, Ohio, May 9 – Barclays Bank Delaware plans to price certificates of deposit due May 27, 2021 linked to a basket of stocks, according to a term sheet.
The equally weighted basket includes AbbVie Inc., AT&T Inc., CME Group Inc., Costco Wholesale Corp., Duke Energy Corp., HP Inc., Intel Corp., LyondellBasell Industries NV, Pfizer Inc. and Valero Energy Corp.
The CDs will pay a coupon each year equal to the average of the performances of the stocks, subject to a minimum rate of 0.25%.
If a stock’s return is zero or positive, its performance will be fixed at 5% to 5.5%. If a stock’s return is less than zero, its performance will be the greater of the stock return and negative 15%.
Investors will receive par plus the final coupon at maturity, and the exact terms will be set at pricing.
Barclays is the agent. Incapital LLC is the distributor.
The CDs will price May 24 and settle May 27.
The Cusip number is 06740FEF1.
© 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.