Barclays Bank Delaware plans to sell CDs due 2018 linked to 10 stocks

By Marisa Wong

Madison, Wis., April 5 - Barclays Bank Delaware plans to price certificates of deposit due April 27, 2018 linked to a basket of common stocks, according to a term sheet.

The equally weighted basket includes Alcoa Inc., Amazon.com, Inc., Cheniere Energy, Inc., Green Mountain Coffee Roasters, Inc., Halliburton Co., Newmont Mining Corp., Omnivision Technologies, Inc., Questcor Pharmaceuticals, Inc., Sina Corp. and Walgreen Co.

The CDs will pay a coupon each year equal to the average of the performances of the stocks, subject to a minimum of zero. If a stock's return is zero or positive, its performance will be fixed at 6.25% to 8.25%. If a stock's return is negative, its performance will be the greater of the stock return and negative 25%.

Investors will receive par at maturity.

The exact terms will be set at pricing.

The CDs (Cusip: 06740ATH2) will price on April 24 and settle on April 30.

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

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