Barclays plans six-year CDs linked to basket of five common stocks

By Susanna Moon

Chicago, March 6 - Barclays Bank Delaware plans to price certificates of deposit due March 30, 2020 linked to a basket of five equally weighted common stocks, according to a term sheet.

The underlying companies are Apple Inc., Duke Energy Corp., Ford Motor Co., Hewlett-Packard Co. and Nike, Inc.

The CDs will pay a coupon each year equal to the average of the performances of the stocks, subject to a minimum coupon of 1% and up to a maximum rate of 7%.

The payout at maturity will be par.

Barclays is the agent. Incapital LLC is the distributor.

The CDs will price on March 25 and settle on March 28.

The Cusip number is 06740AM63.

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