Barclays Bank Delaware plans certificates of deposit tied to 20 stocks

By Angela McDaniels

Tacoma, Wash., June 2 - Barclays Bank Delaware plans to price certificates of deposit due June 26, 2015 linked to a basket of common stocks, according to a term sheet.

The equally weighted basket includes the class A common stock of Broadcom Corp., Celanese Corp. and Genworth Financial, Inc.; the class B common stock of News Corp.; and the common stock 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.

In June and December 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 subject to a floor of negative 35% and a cap of 3.75% to 6.25%, with the exact cap to be set at pricing.

The payout at maturity will be par.

The CDs (Cusip: 06740AKX6) will price June 23 and settle June 30.

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

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