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Barclays Bank plans CDs linked to Hang Seng, Euro Stoxx 50, FTSE 100
By Angela McDaniels
Tacoma, Wash., Sept. 5 - Barclays Bank Delaware plans to price 0% certificates of deposit due Sept. 27, 2019 linked to a basket of international equity indexes, according to a term sheet.
The basket includes the Hang Seng index, the Euro Stoxx 50 index and the FTSE 100 index, equally weighted.
The basket return will equal the average of the indexes' basket component returns. Each index's basket component return will equal the average of its returns on the 24 quarterly observation dates during the life of the CDs.
The payout at maturity will be par plus the greater of the basket return and the minimum return, which is expected to be 2% to 4% and will be set at pricing.
Barclays is the agent. Incapital LLC is distributor. The fees are expected to be 4%.
The CDs will price Sept. 24 and settle Sept. 30.
The Cusip number is 06740AC49.
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