Bank of the West plans CDs on Morningstar Ultimate Stock-Pickers index

New York, May 6 – Bank of the West plans to price 0% market-linked certificates of deposit due May 31, 2022 linked to the Morningstar Ultimate Stock-Pickers Target Volatility 7 index, according to a term sheet.

The payout at maturity will be par plus 100% to 105% of any index gain. The exact participation rate will be set at pricing.

If the index falls, the payout will be par.

The CDs are expected to price on May 26 and settle on May 29.

The Cusip is 06426XNF3.

BNP Paribas Securities Corp. is the agent.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.