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

By Marisa Wong

Los Angeles, July 23 – Bank of the West plans to price 0% market-linked certificates of deposit due Jan. 30, 2024 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 July 25.

The Cusip number is 06426XZP8.

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