Barclays Bank plans CDs linked to Q-GSP Large Cap US Risk Controlled

By Angela McDaniels

Tacoma, Wash., April 5 - Barclays Bank Delaware plans to price certificates of deposit due April 29, 2019 linked to the Barclays Q-GSP Large Cap US Risk Controlled 5% USD ER index, according to a term sheet.

The interest rate is expected to be at least 0.3% per year and will be set at pricing. Interest will be payable annually.

The payout at maturity will be par plus any index gain. Investors will receive at least par.

The index provides dynamic exposure to a basket of growth stocks selected each month from the S&P 500 index. It gains exposure to these stocks by using a volatility control mechanism. The stocks that are selected have a high ratio of historical growth rates to price/earnings ratio. The index aims to be neutral with respect to general market trends by taking a short position in the S&P 500 Total Return index.

The notes (Cusip: 06740ATA7) will price April 24 and settle April 30.

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

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