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Barclays Bank Delaware plans CDs due 2019 on basket of 10 stocks
By Marisa Wong
Madison, Wis., Nov. 6 - Barclays Bank Delaware plans to price certificates of deposit due Nov. 26, 2019 linked to a basket of common stocks, according to a term sheet.
The equally weighted basket includes AT&T Inc., Darden Restaurants, Inc., Eli Lilly and Co., Exelon Corp., Intel Corp., Lockheed Martin Corp., Starbucks Corp., Verizon Communications Inc., Walgreen Co. and Wells Fargo & Co.
The CDs will pay a coupon each year equal to the average of the performances of the stocks, subject to a minimum rate of 0%. If a stock's return is zero or positive, its performance will be fixed at 7.5% to 8.5%. If a stock's return is less than zero, its performance will be the greater of the stock return and negative 15%.
Investors will receive par at maturity.
The CDs (Cusip: 06740AE54) will price Nov. 22 and settle Nov. 29
Barclays is the agent. Incapital LLC is the distributor.
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