Barclays plans protected CDs tied to basket of commodity sub-indexes

By Toni Weeks

San Diego, Aug. 4 - Barclays Bank plc plans to price certificates of deposit due Aug. 30, 2017 linked to a basket of 10 commodity sub-indexes, according to a disclosure supplement.

The equally weighted basket components are the S&P GSCI Sugar Index Excess Return, the S&P GSCI Coffee Index Excess Return, the S&P GSCI Cocoa Index Excess Return, the S&P GSCI Corn Index Excess Return, the S&P GSCI Cotton Index Excess Return, the S&P GSCI Gold Index Excess Return, the S&P GSCI Lead Index Excess Return, the S&P GSCI Aluminum Index Excess Return, the S&P GSCI Nickel Index Excess Return and the S&P GSCI Zinc Index Excess Return.

The notes will pay a coupon each August equal to the sum of the performances of the indexes, subject to a floor of zero. If an index's return is zero or positive, its performance will be fixed at 7% to 11%. If an index's return is negative, its performance will be the greater of the index return and negative 20%.

Investors will receive par at maturity.

The exact terms will be set at pricing.

The CDs (Cusip: 06740AQD4) are expected to price Aug. 25 and settle Aug. 31.

Barclays Capital Inc. will be the agent. Advisors Asset Management, Inc. will act as the distributor.

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