Barclays plans 0% CDs linked to commodity basket

By Laura Lutz

Des Moines, May 7 - Barclays Bank Delaware plans to price 0% certificates of deposit due May 28, 2013 linked to a commodity basket, according to a term sheet.

The basket consists of equal weights of natural gas, jet fuel, copper, the S&P GSCI Live Cattle Index Excess Return and the S&P GSCI Precious Metals Index Excess Return.

At maturity, investors will receive par plus any gain on the basket. Investors will receive at least par.

The CDs are expected to price on May 22 and settle on May 30.

Barclays Capital Inc. is the agent. JVB is the distributor.

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