Barclays Bank Delaware plans five-year CDs linked to S&P 500 index

By Jennifer Chiou

New York, April 5 - Barclays Bank Delaware plans to price certificates of deposit due April 28, 2015 linked to the S&P 500 index, according to a term sheet.

The CDs have a coupon rate of 0.5% to 1% per year, payable annually in April.

The payout at maturity will equal par plus the sum of the quarterly index returns measured throughout the life of the notes, with a floor of par. There is a return cap of 5% to 6%.

The exact terms will be set at pricing.

There is a survivor put.

The CDs will price on April 23 and settle on April 28.

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

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