Barclays Bank Delaware to price seven-year CDs linked to 10 stocks

By Marisa Wong

Madison, Wis., Oct. 10 - Barclays Bank Delaware plans to price certificates of deposit due Oct. 30, 2019 linked to a basket of common stocks, according to a term sheet.

The equally weighted basket includes Apple Inc., Darden Restaurants, Inc., Eli Lilly and Co., Freeport-McMoRan Copper & Gold Inc., Hewlett-Packard Co., New York Community Bancorp Inc., Northeast Utilities, Inc., Silver Wheaton Corp., Southern Copper Corp. and Walgreen Co.

The CDs will pay a coupon each year equal to the average of the performances of the stocks, subject to a minimum of 0.5%. If a stock's return is zero or positive, its performance will be fixed at 4% to 6%. If a stock's return is negative, its performance will be the greater of the stock return and negative 25%.

Investors will receive par at maturity.

The CDs (Cusip: 06740AWD7) will price Oct. 25 and settle Oct. 31. The exact terms will be set at pricing.

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

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