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Bank of the West to price five-year CDs linked to Euro Stoxx 50 index
By Marisa Wong
Morgantown, W.Va., Feb. 15 – Bank of the West plans to price 0% market-linked certificates of deposit due Feb. 27, 2024 linked to the Euro Stoxx 50 index, according to a term sheet.
The payout at maturity will be par plus 110% to 120% 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 Feb. 22.
The Cusip number is 06426XYD6.
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