Barclays plans certificates of deposit due 2018 linked to 10 stocks

By Jennifer Chiou

New York, Dec. 5 - Barclays Bank Delaware plans to price certificates of deposit due Dec. 28, 2018 linked to a basket of common stocks, according to a term sheet.

The equally weighted basket includes Alpha Natural Resources, Inc., CenturyLink, Inc., Freeport-McMoRan Copper & Gold Inc., Green Mountain Coffee Roasters, Inc., H&R Block, Inc., Lexmark International, Inc., Morgan Stanley, Nvidia Corp., Verizon Communications, Inc. and Wynn Resorts, Ltd.

The CDs will pay a coupon each year equal to the average of the performances of the stocks, subject to a minimum of 0.5%. If a stock's return is zero or positive, its performance will be fixed at 6.25% to 10.25%. If a stock's return is negative, its performance will be the greater of the stock return and negative 25%.

The exact terms will be set at pricing.

Investors will receive par at maturity.

The CDs (Cusip: 06740ARF8) will price on Dec. 22 and settle on Dec. 30.

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

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