Barclays Delaware plans commodities-linked certificates of deposit

By Jennifer Chiou

New York, March 3 - Barclays Bank Delaware plans to price certificates of deposit due March 27, 2015 linked to a basket of commodities, according to a term sheet.

The basket includes equal weights of soybeans, sugar, platinum, copper, lead, tin, nickel, palladium, WTI crude oil and gasoline RBOB.

The notes will pay a coupon in March of each year equal to the basket return, subject to a floor of zero. Each commodity's return will be capped at 8% to 13%, with the exact cap to be set at pricing, and will have a component floor of negative 30%.

The payout at maturity will be par.

The CDs are expected to price on March 24 and settle on March 31.

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

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