New Issue: Barclays prices $364,000 0% CDs linked to three commodities, S&P GSCI sub-indexes

By Jennifer Chiou

New York, May 30 - Barclay Bank Delaware priced $364,000 of 0% certificates of deposit due May 28, 2013 linked to a basket of three commodities and two indexes, according to a term sheet.

The basket consists 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, each with a 20% weight.

The CDs are not callable.

The payout at maturity will be par plus any gain on the basket. Investors will receive at least par.

Barclays Capital Inc. is the agent. JVB Financial Group, LLC is the distributor.

Issuer:	Barclays Bank Delaware
Issue:	Certificates of deposit
Amount:	$364,000
Underlying assets:	Natural gas, jet fuel, copper, the S&P GSCI Live Cattle Index Excess Return and the S&P GSCI Precious Metals Index Excess Return, each with a 20% weight
Maturity:	May 28, 2013
Price:	Par
Payout at maturity:	Par plus any basket gain; floor of par
Initial levels:	Natural gas at 11.697, jet fuel at 1,393, copper at 8,420, the S&P GSCI Live Cattle Index Excess Return at 465.3236 and the S&P GSCI Precious Metals Index Excess Return at 142.8382
Pricing date:	May 22
Settlement date:	May 30
Agent:	Barclays Capital Inc.
Distributor:	JVB Financial Group, LLC

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