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

By Jennifer Chiou

New York, Nov. 9 - Barclays Bank Delaware plans to price certificates of deposit due Nov. 29, 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 greater than or equal to the initial level, its performance will be fixed at 4% to 6%. If a stock's return is less than zero, its performance will be the greater of the stock return and negative 20%.

Investors will receive par at maturity.

The CDs (Cusip: 06740AWQ8) will price on Nov. 26 and settle on Nov. 30.

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

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