Natixis to price notes linked to S&P 500 Low Volatility Target Beta

By Angela McDaniels

Tacoma, Wash., April 12 – Natixis US Medium-Term Note Program LLC plans to price 0% capped buffered enhanced return notes due May 1, 2019 linked to the S&P 500 Low Volatility Target Beta index, according to a term sheet.

The notes will be guaranteed by the New York branch of Natixis.

The index is designed to track the return of a strategy that overlays a dynamic exposure on the existing S&P 500 Low Volatility index in order to get a target realized beta of 1 with the S&P 500 index.

If the final index level is greater than the initial index level, the payout at maturity will be par plus 125% of the index return, subject to a maximum return of 30%. Investors will receive par if the index declines by the buffer amount or less and will lose 1% for every 1% that the index declines beyond the buffer amount, which is expected to be 10% to 15% and will be set at pricing.

Natixis Securities Americas LLC is the agent.

The notes will price April 26.

The Cusip number is 63873HFH2.

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