Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers R > Headlines for Russell 2000 index > News item |
Barclays plans to price quarterly return CDs linked to Russell 2000
By Angela McDaniels
Tacoma, Wash., Sept. 12 – Barclays Bank Delaware plans to price 0% certificates of deposit due Sept. 29, 2021 linked to the Russell 2000 index, according to a term sheet.
The payout at maturity will be par plus the sum of the returns of the index on the 20 quarterly observation days throughout the life of the CDs, subject to a minimum return of 2%.
Each quarterly return can be positive or negative, subject to a cap of 3%, and will be measured from the end of the prior quarter.
Barclays is the agent. Incapital LLC is the distributor.
The CDs will price Sept. 26.
The Cusip number is 06740FFS2.
© 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.