Barclays Bank Delaware plans seven-year CDs linked to 10 stocks

By Susanna Moon

Chicago, June 13 - Barclays Bank Delaware plans to price certificates of deposit due June 29, 2020 linked to a basket of equally weighted common stocks, according to a term sheet.

The underlying companies are Starbucks Corp., Exelon Corp., Walgreen Co., AT&T Inc., Darden Restaurants, Inc., Wells Fargo & Co., Eli Lilly and Co., Lockheed Martin Corp., Verizon Communications and Intel Corp.

The CDs will pay a coupon each year equal to the average of the performances of the stocks, subject to a minimum rate of zero. If a stock's return is zero or positive, its performance will be fixed at 6% to 7%. The exact return cap will be set at pricing. If a stock's return is less than zero, its performance will be the greater of the stock return and negative 15%.

Investors will receive par at maturity.

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

The CDs will price on June 24 and settle on June 28.

The Cusip number is 06740AZU6.

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