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Bank of the West to price five-year CDs tied to basket of six indexes
By Sarah Lizee
Olympia, Wash., Jan. 23 – Bank of the West plans to price 0% market-linked certificates of deposit due Jan. 30, 2024 linked to a basket of six global indexes, according to a term sheet.
The basket consists of the Euro Stoxx 50 index with a 40% weight, the FTSE 100 index with a 20% weight, the Nikkei 225 index with a 20% weight, the Swiss Market index with a 7.5% weight, the S&P/ASX 200 index with a 7.5% weight and the Hang Seng index with a 5% weight.
The payout at maturity will be par plus the basket return, subject to a minimum payout of par.
BNP Paribas Securities Corp. is the agent. Advisors Asset Management is distributor.
The CDs will price on Jan. 25.
The Cusip number is 06426XYA2.
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