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Barclays Bank Delaware plans CDs due 2020 tied to four equity indexes
By Toni Weeks
San Luis Obispo, Calif., Dec. 6 - Barclays Bank Delaware plans to price certificates of deposit due Dec. 27, 2019 linked to a basket of four equally weighted indexes, according to a term sheet.
The underlying indexes are Hang Seng index, Euro Stoxx 50 index, FTSE 100 index and S&P 500 index.
The payout at maturity will be par plus the basket return, subject to a minimum return of 1.5% to 2%. The basket return is the average of the basket component returns, and for each index, the basket component return is the average of the periodic index returns measured from the pricing date to the relevant quarterly observation date.
The exact terms will be set at pricing.
The CDs (Cusip: 06740AH69) are expected to price Dec. 23 and settle Dec. 30.
Barclays is the agent. Incapital LLC is the distributor.
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