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Barclays Bank Delaware plans CDs due 2020 linked to S&P 500
By Marisa Wong
Madison, Wis., July 10 - Barclays Bank Delaware plans to price 0.15% to 0.25% certificates of deposit due July 30, 2020 linked to the S&P 500 index, according to a term sheet.
Interest is payable annually. The exact rate will be set at pricing.
The payout at maturity will be par plus the index return, subject to a maximum return of 135% to 149% of par and a minimum payout of par.
The CDs (Cusip: 06740AA58) are expected to price on July 25 and settle on July 31.
Barclays is the agent. Incapital LLC is the distributor.
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