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

By Sarah Lizee

Olympia, Wash., Jan. 23 – Bank of the West plans to price 0% market-linked certificates of deposit due Jan. 30, 2023 linked to the Morningstar Ultimate Stock-Pickers Target Volatility 7 index, according to a term sheet.

The payout at maturity will be par plus 110% to 120% 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 distributor.

The CDs will price on Jan. 25.

The Cusip number is 06426XXV7.

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