Barclays to price 0.25%-1% certificates of deposit linked to gold

By Angela McDaniels

Tacoma, Wash., Dec. 2 - Barclays Bank Delaware plans to price 0.25% to 1% certificates of deposit due Dec. 29, 2015 linked to gold, according to a term sheet.

Interest will be payable annually. The exact coupon will be set at pricing.

The payout at maturity will be par plus the sum of gold's return in each of the 20 quarters making up the life of the notes, subject to a floor of par.

In each quarter, the gold return will be determined using the price of gold on the immediately preceding quarterly observation date - not the price of gold on the pricing date - and will be subject to a cap of 3% to 5% that will be set at pricing.

The CDs (Cusip 06740AMW6) will price Dec. 23 and settle Dec. 31.

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

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