Barclays plans to price CDs linked to Euro Stoxx 50 index

By Toni Weeks

San Luis Obispo, Calif., July 13 – Barclays Bank Delaware plans to price 0% certificates of deposit due Jan. 31, 2023 linked to the Euro Stoxx 50 index, according to a term sheet.

The payout at maturity will be par plus any gain in the index, subject to a maximum return of 67% to 72% that will be set at pricing. If the index return is zero or negative, investors will receive par.

Barclays is the agent. Incapital LLC is distributor.

The CDs will price July 27 and settle July 30.

The Cusip number is 06740A7C7.

© 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.