Barclays plans CDs due 2017 linked to basket of 10 common stocks

By Angela McDaniels

Tacoma, Wash., Dec. 6 - Barclays Bank Delaware plans to price certificates of deposit due Dec. 28, 2017 linked to a basket of common stocks, according to a term sheet.

The equally weighted basket includes AK Steel Holding Corp., Best Buy Co., Inc., Computer Sciences Corp., Freeport-McMoRan Copper & Gold Inc., Green Mountain Coffee Roasters, Inc., Hewlett-Packard Co., J.C. Penney Co., Inc., Micron Technology, Inc., Safeway Inc. and Staples, Inc.

The CDs will pay a coupon each year equal to the average of the performances of the stocks, subject to a minimum of zero. If a stock's return is zero or positive, its performance will be fixed at 6.5% to 10.5% - the exact percentage will be set at pricing. If a stock's return is negative, its performance will be the greater of the stock return and negative 25%.

Investors will receive par at maturity.

The CDs (Cusip: 06740ARG6) will price Dec. 22 and settle Dec. 30.

Barclays Capital Inc. is the agent. Advisors Asset Management, Inc. is distributor.

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