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

By Jennifer Chiou

New York, April 7 - Barclays Bank Delaware plans to price certificates of deposit due April 29, 2019 linked to a basket of 10 common stocks, according to a term sheet.

The equally weighted basket includes Apple, Inc., AT&T Inc., Bristol-Myers Squibb Co., Cisco Systems, Inc., Duke Energy Corp., Ford Motor Corp., Hewlett-Packard Co., McDonald's Corp., Nike, Inc. and Yahoo! Inc.

The CDs will pay a coupon each year equal to the average of the performances of the stocks, subject to a minimum rate of 0.5%.

If a stock's return is zero or positive, its performance will be fixed at 6% to 6.5%. 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, and the exact terms will be set at pricing.

The CDs (Cusip: 06740AP52) will price on April 24 and settle on April 30.

Barclays is the agent. Incapital LLC is the distributor.

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