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Barclays Bank Delaware plans CDs due 2020 tied to Russell 2000
By Marisa Wong
Morgantown, W.Va., Oct. 16 – Barclays Bank Delaware plans to price 0% certificates of deposit due Oct. 29, 2020 linked to the Russell 2000 index, according to a term sheet.
The payout at maturity will be par plus the greater of (i) the sum of the quarterly returns, up to a local cap of 3.5% and (ii) the minimum return of 3.5% to 4%. The exact minimum return will be set at pricing.
Barclays is the agent. Incapital LLC is the distributor.
The CDs will price Oct. 26 and settle Oct. 29.
The Cusip number is 06740FBN7.
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