Barclays Bank Delaware plans 0% CDs linked to commodity basket

By E. Janene Geiss

Philadelphia, Sept. 9 - Barclays Bank Delaware plans to price 0% certificates of deposit due Sept. 26, 2014 linked to a commodity basket, according to a term sheet.

The basket consists of equal weights (10%) of soymeal, cotton, sugar, copper, lead, tin, nickel, gold, WTI crude oil and heating oil.

At maturity, investors will receive par plus any gain on the basket, subject to maximum return of 11% to 16%. The exact cap will be set at pricing.

Investors will receive at least par.

The CDs are expected to price on Sept. 23 and settle on Sept. 30.

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

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