| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers S > Headlines for S&P 500 index > News item |
Barclays plans 0.2%-0.3% certificates of deposit linked to S&P 500
By Angela McDaniels
Tacoma, Wash., April 4 - Barclays Bank Delaware plans to price 0.2% to 0.3% certificates of deposit due April 29, 2019 linked to the S&P 500 index, according to a term sheet.
Interest will be payable annually. The exact coupon will be set at pricing.
The payout at maturity will be par plus the sum of the index's return in each of the 24 quarters making up the life of the CDs, subject to a minimum payout of par.
In each quarter, the index return will be measured from immediately preceding quarterly observation date and will be subject to a cap of 3% to 4% that will be set at pricing and a floor of negative 15%.
Barclays is the agent. Advisors Asset Management, Inc. is distributor.
The CDs will price April 24 and settle April 30.
The Cusip number is 06740AYY9.
© 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.