Bank of the West to price six-year contingent income CDs on 10 stocks

By Marisa Wong

Madison, Wis., March 5 - Bank of the West plans to price contingent variable income market-linked certificates of deposit due March 29, 2018 linked to a basket of stocks, according to a term sheet.

The underlying stocks are Altria Group, Inc., Amazon.com, Inc., Archer-Daniels-Midland Co., Avon Products, Inc., Bristol-Myers Squibb Co., Charles Schwab Corp., Freeport-McMoRan Copper & Gold Inc., Intel Corp., Valero Energy Corp. and Verizon Communications Inc.

Interest is payable annually at a rate equal to the average of the stock performances, subject to a floor of 0.2%.

If a stock's return is positive or flat, its performance will be fixed at 4.5% to 6.5%. Otherwise, its performance will be the greater of the stock return and negative 30%. The exact fixed percentage will be set at pricing.

The payout at maturity will be par.

The CDs (Cusip: 06426XDG2) will price March 27 and settle March 30.

BNP Paribas Securities Corp. is the agent. Advisors Asset Management, Inc. is the distributor.

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