Bank of the West to sell CDs on Morningstar Ultimate Stock-Pickers

By Marisa Wong

Morgantown, W.Va., April 22 – Bank of the West plans to price 0% market-linked certificates of deposit due Jan. 27, 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 at least 100% 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 the distributor.

The CDs will price on April 24.

The Cusip number is 06426XYS3.

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