Bank of the West plans income advantage CDs due 2019 on stock basket

By Marisa Wong

Madison, Wis., March 12 - Bank of the West plans to price income advantage market-linked certificates of deposit due March 28, 2019 linked to a basket of common stocks, according to a term sheet.

The underlying stocks are Altria Group, Inc., Intel Corp., Noble Corp., PPL Corp. and Verizon Communications Inc.

Interest is payable annually. If each stock's closing share price on the valuation date is greater than or equal to its initial share price, the coupon will be 6%. If the closing share price of one or more stocks is less than its initial share price, the coupon will be 0.5%.

The payout at maturity will be par.

BNP Paribas Securities Corp. is the agent. Advisors Asset Management, Inc. is distributor.

The CDs will price March 25 and settle March 28.

The fees will be up to 2.35%.

The Cusip number is 06426XKD1.

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