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Bank of the West plans five-year CDs linked to Euro Stoxx 50 index
New York, April 11 – Bank of the West plans to price 0% market-linked certificates of deposit due April 27, 2023 linked to the Euro Stoxx 50 index, according to a term sheet.
The payout at maturity will be par plus 120% of the index return, subject to a minimum payout of par. The exact participation rate will be set at pricing.
BNP Paribas Securities Corp. is the agent.
The CDs will price on April 20 and settle on April 27.
The Cusip number is 06426XVL1.
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