Barclays to sell 0% CDs linked to a basket of indexes and one currency

By Susanna Moon

Chicago, Dec. 3 - Barclays Bank Delaware plans to price zero-coupon certificates of deposit due Dec. 29, 2014 linked to a basket of indexes and a currency, according to a term sheet.

The equally weighted basket consists of the S&P 500 index, the Brazilian real, the Dow Jones - UBS Commodity index and the Consumer Price Index.

The payout at maturity will be par plus any gain in the basket, up to a cap of 45% to 60%. The exact cap will be set at pricing.

Investors will receive at least par.

The CDs are expected to price on Dec. 23 and settle on Dec. 31.

Barclays Capital Inc. is the agent. Advisors Asset Management, Inc. is the distributor.

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