Barclays plans certificates of deposit linked to 10 stocks

By Angela McDaniels

Tacoma, Wash., Sept. 7 - Barclays Bank Delaware plans to price certificates of deposit due Sept. 28, 2018 linked to a basket of common stocks, according to a term sheet.

The basket includes equal weights of Apollo Group, Inc., Apple Inc., Coventry Health Care, Inc., Dr Pepper Snapple Group, Inc., Intuit Inc., Marriott International, Inc., McGraw-Hill Cos., Inc., Micron Technology, Inc., Pfizer Inc. and Verizon Communications, Inc.

The CDs will pay a coupon each year equal to the average of the performances of the stocks, subject to a minimum coupon of 0.25% to 1% per year. If a stock's return is zero or positive, its performance will be fixed at 4% to 8%. If a stock's return is negative, its performance will be the greater of the stock return and negative 30%.

Investors will receive par at maturity.

The CDs (Cusip: 06740AQMA) will price Sept. 26 and settle Sept. 30.

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

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