Barclays Bank Delaware plans certificates of deposit on 20 stocks

By Jennifer Chiou

New York, April 30 - Barclays Bank Delaware plans to price certificates of deposit due May 27, 2015 linked to a basket of common stocks, according to a term sheet.

The basket includes equal weights of FedEx Corp., Time Warner Cable Inc., Mead Johnson Nutrition Co., Broadcom Corp., SanDisk Corp., Celanese Corp., Humana, Inc., Ford Motor Co., WellPoint, Inc., Yahoo! Inc., Newmont Mining Corp., News Corp., Aetna Inc., Schlumberger NV, UnitedHealth Group Inc., Mattel, Inc., Zions Bancorp., Cigna Corp, Genworth Financial, Inc. and Nvidia Corp.

In May of each year, the CDs will pay a coupon equal to the average of the basket stocks' returns, with a floor of zero. The return of each basket stock will be capped at 8.5% to 13.5%, with the exact cap to be set at pricing. There is a negative 35% return floor for each stock.

The payout at maturity will be par.

The CDs will price on May 21 and settle on May 28.

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

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