Barclays Bank to price certificates of deposit linked to 20 stocks

By Angela McDaniels

Tacoma, Wash., April 5 - Barclays Bank Delaware plans to price certificates of deposit due April 28, 2015 linked to a basket of stocks, according to a term sheet.

The equally weighted basket includes the class A common stocks of Broadcom Corp., Celanese Corp. and Genworth Financial, Inc., the class B common stock of News Corp. and the common stocks of Aetna Inc., Cigna Corp., FedEx Corp., Ford Motor Co., Humana, Inc., Mattel, Inc., Mead Johnson Nutrition Co., Newmont Mining Corp., Nvidia Corp., SanDisk Corp., Schlumberger NV (Schlumberger Ltd.), Time Warner Cable Inc., UnitedHealth Group Inc., WellPoint, Inc., Yahoo! Inc. and Zions Bancorp.

Interest is payable in April of each year and will be the average of the basket stocks' performances, subject to a floor of zero.

If a basket stock's return is positive or flat, its performance will be a fixed percentage that is expected to be 8.5% to 13.5% and will be set at pricing. If a basket stock's return is negative, its performance will be the greater of its return and negative 35%.

The CDs are expected to price April 23 and settle April 30.

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

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