Barclays to price CDs linked to Hang Seng, Euro Stoxx, FTSE, S&P 500

By Angela McDaniels

Tacoma, Wash., Oct. 4 - Barclays Bank Delaware plans to price 0% certificates of deposit due Oct. 30, 2019 linked to a basket of equally weighted indexes, according to a term sheet.

The underlying index are the Hang Seng index, the Euro Stoxx 50 index, the FTSE 100 index and the S&P 500 index.

For each component, a periodic index return will be calculated for each quarterly observation date and is equal to (i) the closing index level on any observation date minus the initial index level divided by (ii) the initial level. The periodic index returns for a particular component will then be averaged over the life of the notes to calculate the basket component return for that component index. Finally, the four basket component returns will be averaged to calculate the final basket return.

The payout at maturity will be par plus the basket return, subject to a minimum return of 1.5% to 2% that will be set at pricing.

Barclays is the agent. Incapital LLC is distributor. The fees are expected to be 4%.

The CDs will price Oct. 25 and settle Oct. 31.

The Cusip number is 06740AE21.

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