Barclays Bank Delaware to price seven-year CDs tied to three indexes

By Toni Weeks

San Diego, Dec. 17 - Barclays Bank Delaware plans to price 0% certificates of deposit due Dec. 27, 2019 linked to a basket of indexes, according to a term sheet.

The basket includes equal weights of the S&P 500 index, the Euro Stoxx 50 index and the FTSE 100 index.

If the basket return is greater than zero, the payout at maturity will be par plus at least 100% of the basket return. If the basket return is less than or equal to zero, the payout will be par.

The basket return will be the average of the basket component returns for each index. The basket component return for an index will be the average of its returns on the 21st of each December, March, June and September during the term of the CDs, beginning March 21.

The CDs (Cusip: 06740AWY1) will price Dec. 21 and settle Dec. 31.

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

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