Bank of the West plans CDs tied to Morningstar Ultimate Stock-Pickers

By Susanna Moon

Chicago, June 11 – Bank of the West plans to price 0% market-linked certificates of deposit due Dec. 31, 2020 linked to the Morningstar Ultimate Stock-Pickers Target Volatility 7 index, according to a term sheet.

The payout at maturity will be par plus 115% to 120% of any index gain. The exact participation rate will be set at pricing.

If the index falls, the payout will be par

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

The CDs will price on June 25 and settle on June 30.

The Cusip number is 06426XKW9.

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