Bank of the West plans capped principal-protected CDs tied to S&P 500

By Angela McDaniels

Tacoma, Wash., Nov. 13 – Bank of the West plans to price 0% market-linked certificates of deposit due Nov. 27, 2024 linked to the S&P 500 index, according to a term sheet.

The payout at maturity will be par plus the index return, subject to a minimum payout of par and a maximum return of 36.2%.

BNP Paribas Securities Corp. is the agent. Incapital LLC is distributor.

The CDs will price Nov. 17.

The Cusip number is 06426XUD0.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.