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Bank of the West to price five-year CDs linked to Euro Stoxx 50 index
By Marisa Wong
Morgantown, W.Va., Oct. 23 – Bank of the West plans to price 0% market-linked certificates of deposit due Oct. 30, 2023 linked to the Euro Stoxx 50 index, according to a term sheet.
The payout at maturity will be par plus 125% to 135% 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. Incapital LLC is distributor.
The CDs will price on Oct. 25.
The Cusip number is 06426XXC9.
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