Barclays plans to price certificates of deposit linked to 10 stocks

By Angela McDaniels

Tacoma, Wash., Jan. 12 - Barclays Bank Delaware plans to price certificates of deposit due Jan. 27, 2017 linked to a basket of common stocks, according to a term sheet.

The basket includes equal weights of CenturyLink, Inc., Elan Corp., plc, Gold Fields Ltd., Google Inc., Integrys Energy Group, Intel Corp., LDK Solar Co., Ltd., New York Times Co., Nokia Corp. and Vodafone Group plc.

In January of each year, the CDs will pay a coupon equal to the average of the basket stocks' performances, with a floor of zero. If a stock's return is positive or flat, its performance will be equal to the return cap. Otherwise, its performance will be the greater of the stock return and negative 30%.

The return cap is expected to be 8.5% to 12.5% and will be set at pricing.

The CDs (Cusip: 06740ANA3) will price Jan. 24 and settle Jan. 31.

Barclays Capital Inc. is the agent.

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