Barclays Bank Delaware to price seven-year CDs linked to five stocks

By Wendy Van Sickle

Columbus, Ohio, April 11 – Barclays Bank Delaware plans to price certificates of deposit due April 28, 2023 linked to a basket of stocks, according to a term sheet.

The basket includes AbbVie Inc., Apple Inc., AT&T Inc., Microsoft Corp. and Valero Energy Corp.

If each basket component closes at or above its initial price on the relevant coupon determination date, the CDs will pay the annual maximum coupon of 5% to 5.5%. Otherwise, the CDs will pay the minimum coupon of 0.75% for that year.

Investors will receive par plus the final coupon at maturity.

Barclays is the agent. Incapital LLC is the distributor.

The CDs will price April 25 and settle April 28.

The Cusip number is 06740FDW5.

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