Barclays plans to price certificates of deposit linked to 10 stocks

By Angela McDaniels

Tacoma, Wash., Sept. 1 - Barclays Bank Delaware plans to price certificates of deposit due Sept. 28, 2015 linked to a basket of common stocks, according to a term sheet.

The basket includes equal weights of Monsanto Co., Newmont Mining Corp., Time Warner Cable Inc., Abercrombie & Fitch Co., Wells Fargo & Co., Apple Inc., Ford Motor Co., Advanced Micro Devices, Inc., priceline.com Inc. and Office Depot, Inc.

In September of each year, the CDs will pay a coupon equal to the average of the basket stocks' returns, with a floor of zero. The return of each basket stock will be subject to a floor of negative 35% and a cap of 5% to 10%, with the exact cap to be set at pricing.

The CDs (Cusip: 06740ALS6) will price Sept. 23 and settle Sept. 30.

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

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