Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers H > Headlines for Hewlett-Packard Co. > News item |
Barclays Bank Delaware plans five-year CDs linked to five stocks
By Marisa Wong
Madison, Wis., Aug. 6 – Barclays Bank Delaware plans to price certificates of deposit due Aug. 28, 2019 linked to a basket of five common stocks, according to a term sheet.
The equally weighted basket includes Apple, Inc., Duke Energy Corp., Hewlett-Packard Co., NIKE Inc. and Ford Motor Co.
The CDs will pay a coupon each year based on the performances of the basket stocks. If each stock closes at or above its initial price on the coupon determination date, the coupon will be the maximum rate of 5%. Otherwise, the coupon will be the minimum rate of 1%.
Investors will receive par at maturity, and the exact terms will be set at pricing.
Barclays is the agent. Incapital LLC is the distributor.
The CDs will price on Aug. 25 and settle on Aug. 28.
The Cusip number is 06740AY37.
© 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.