Barclays Bank Delaware to price six-year CDs linked to five stocks

By Wendy Van Sickle

Columbus, Ohio, May 9 – Barclays Bank Delaware plans to price certificates of deposit due May 27, 2022 linked to a basket of five common stocks, according to a term sheet.

The basket includes AbbVie Inc., Apple Inc., AT&T Inc., Microsoft Corp. and Valero Energy Corp.

If each basket component closes at or above its initial price on the relevant coupon determination date, the CDs will pay the annual maximum coupon of 5% to 5.5%. Otherwise, the CDs will pay the minimum coupon of 0.5% for that year.

Investors will receive par plus the final coupon at maturity.

Barclays is the agent. Incapital LLC is the distributor.

The CDs will price May 24 and settle May 27.

The Cusip number is 06740FED6.

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