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Barclays Bank Delaware to price CDs due 2022 linked to S&P 500
By Toni Weeks
San Luis Obispo, Calif., April 8 – Barclays Bank Delaware plans to price 0% certificates of deposit due Oct. 20, 2022 linked to the S&P 500 index, according to a term sheet.
The payout at maturity will be par plus any index gain, subject to a maximum return of 40% to 45% that will be set at pricing. If the index return is zero or negative, the payout will be par.
Barclays is the agent. Incapital LLC is the distributor.
The CDs will price April 17 and settle April 22.
The Cusip number is 06740A5G0.
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