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Barclays to sell CDs linked to a basket of 10 commodities
By Susanna Moon
Chicago, Nov. 3 - Barclays Bank Delaware plans to price certificates of deposit due Nov. 25, 2014 linked to a basket of 10 equally weighted commodities, according to a term sheet.
The underlying commodities are soybeans, WTI Crude, sugar, copper, lead, tin, nickel, zinc, platinum and gasoline.
The coupon will be paid annually and will equal the performance of the basket in the preceding year.
The payout at maturity will be par.
The CDs are expected to settle on Nov. 30.
Barclays Capital Inc. is the agent.
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