Bank of the West to price 4.5-year CDs linked to Euro Stoxx 50 index

By Marisa Wong

Morgantown, W.Va., April 22 – Bank of the West plans to price 0% market-linked certificates of deposit due Oct. 27, 2023 linked to the Euro Stoxx 50 index, according to a term sheet.

The payout at maturity will be par plus at least 105% 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.

Advisors Asset Management is the distributor.

The CDs will price on April 24.

The Cusip number is 06426XYX2.

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