Barclays Bank Delaware plans CDs due 2020 linked to three indexes

By Susanna Moon

Chicago, April 4 - Barclays Bank Delaware plans to price certificates of deposit due April 29, 2020 linked to a basket of equally weighted commodity sub-indexes, according to a term sheet.

The underlying indexes are the S&P GSCI Aluminum Index Excess Return, S&P GSCI Live Cattle Index Excess Return, S&P GSCI Cocoa Index Excess Return, S&P GSCI Lean Hogs Index Excess Return, S&P GSCI Sugar Index Excess Return, S&P GSCI Precious Metals Index Excess Return, S&P GSCI Brent Crude Index Excess Return, S&P GSCI Lead Index Excess Return and S&P GSCI Nickel Index Excess Return.

Interest is payable annually and will equal the average of the basket performance, subject to a minimum interest rate of 0%.

If an index return is positive or flat, its performance will be equal to the auto cap. Otherwise, its performance will be the greater of the return and negative 15%. The auto cap is expected to be 7% to 8% and will be set at pricing.

The payout at maturity will be par.

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

The CDs will price on April 24 and settle on April 30.

The Cusip number is 06740AYV5.

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