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

By Toni Weeks

San Diego, Oct. 10 - Bank of the West plans to price market-linked certificates of deposit due Oct. 30, 2019 linked to the Morningstar Ultimate Stock-Pickers Target Volatility 7 index, according to a term sheet.

The payout at maturity will be par plus 100% to 105% of any index gain. The exact participation rate will be set at pricing.

If the index falls, the payout will be par.

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

The CDs will price Oct. 25 and settle Oct. 30.

The Cusip number is 06426X FC9.

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