Barclays Bank Delaware plans CDs due 2020 tied to equity indexes

By Jennifer Chiou

New York, Feb. 7 - Barclays Bank Delaware plans to price certificates of deposit due Feb. 27, 2020 linked to a basket of equally weighted indexes, according to a term sheet.

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

The payout at maturity will be par plus 80% of any basket gain, subject to a minimum return of at least 4% to 6%.

If the basket falls, the payout will be par.

The CDs (Cusip: 06740AYA1) are expected to price on Feb. 22 and settle on Feb. 28.

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

© 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.