Barclays Bank Delaware plans certificates of deposit on 10 stocks

By Jennifer Chiou

New York, Aug. 2 - Barclays Bank Delaware plans to price certificates of deposit due Aug. 27, 2015 linked to a basket of common stocks, according to a term sheet.

The basket includes equal weights of Monsanto Co., Newmont Mining Corp., Time Warner Cable Inc., Abercrombie & Fitch Co., Wells Fargo & Co., Apple Inc., Ford Motor Co., Advanced Micro Devices, Inc., priceline.com Inc. and Office Depot, Inc.

In August 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 7.5% to 12.5%, with the exact cap to be set at pricing. There is a negative 25% return floor for each stock.

The payout at maturity will be par.

The CDs (Cusip 06740ALJ6) are expected to price on Aug. 24 and settle on Aug. 31.

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

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