Bank of the West plans to sell CDs due 2022 linked to BNP MAD 5 index

New York, Sept. 13 – Bank of the West plans to price 0% market-linked certificates of deposit due Sept. 28, 2022 linked to the performance of the BNP Paribas Multi Asset Diversified 5 index, according to a term sheet.

At maturity, the CDs will pay par plus the return on the index multiplied by the participation rate, with a floor of par.

The participation rate will be between 130% and 140% and will be set at pricing.

The index implements a momentum investing strategy by shifting exposure between eight different components on a daily basis subject to a target realized volatility level of 5%. Any changes are subject to a maximum of 5% per day.

The index components are the BNP Paribas Eurozone Equity Futures index, the BNP Paribas US Equity Futures index, the BNP Paribas Japan Equity Futures index, the BNP Paribas EUR 10Y Futures index, the BNP Paribas USD 10Y Futures index, the BNP Paribas JPY 10Y Futures index, the Bloomberg Commodity ex-Agriculture and Livestock Capped index and the S&P GSCI Gold index Excess Return.

BNP Paribas Securities Corp. is the agent.

The CDs will price on Sept. 22 and settle on Sept. 28.

The Cusip number is 06426XTM2.

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