Barclays Bank Delaware to price CDs linked to commodities basket

By Angela McDaniels

Tacoma, Wash., Sept. 1 - Barclays Bank Delaware plans to price certificates of deposit due Sept. 28, 2015 linked to a basket of 10 commodities, according to a term sheet.

The equally weighted basket includes copper, gasoline RBOB, lead, nickel, palladium, platinum, soybeans, sugar, tin and zinc.

In September of each year, the CDs will pay a coupon equal to the average of the basket commodities' returns, with a floor of zero. The return of each basket commodity will be subject to a floor of negative 25% and a cap of 6% to 10%, with the exact cap to be set at pricing.

The payout at maturity will be par.

The CDs (Cusip: 06740ALV9) will price Sept. 23 and settle Sept. 30.

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

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