Barclays plans to price certificates of deposit linked to 10 stocks

By Angela McDaniels

Tacoma, Wash., Jan. 5 - Barclays Bank Delaware plans to price certificates of deposit due Jan. 27, 2015 linked to a basket of common stocks, according to a term sheet.

The basket includes equal weights of Tesoro Corp., Massey Energy Co., Iamgold Corp., Bank of America Corp., Prudential Financial, Inc., Advanced Micro Devices, Inc., Micron Technology, Inc., Deere & Co., Goodyear Tire & Rubber Co. and Office Depot, Inc.

In January of each year, the CDs will pay a fixed coupon of 0.5% plus a contingent coupon equal to the average of the basket stocks' returns. The contingent coupon cannot be less than zero. The return of each basket stock will be capped at 9% to 14%, with the exact cap to be set at pricing.

The payout at maturity will be par.

The CDs will price Jan. 22 and settle Jan. 29.

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

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