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Barclays to price CDs linked to Euro Stoxx 50, Hang Seng, S&P 500
By Angela McDaniels
Tacoma, Wash., Feb. 8 – Barclays Bank Delaware plans to price certificates of deposit due Feb. 28, 2023 linked to an equally weighted basket consisting of the Euro Stoxx 50 index, the Hang Seng index and the S&P 500 index, according to a term sheet.
The basket return will be the average of the indexes’ component returns. Each index’s component return will be the average of that index’s return on each quarterly observation date during the life of the CDs.
The payout at maturity will be par plus the basket return, subject to a minimum return that is expected to be 6% to 9% and will be set at pricing.
Barclays is the agent. Incapital LLC is distributor.
The CDs will price Feb. 24.
The Cusip number is 06740FDK1.
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