| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers S > Headlines for S&P 500 index > News item |
BNP Paribas to price buffered return enhanced notes tied to S&P 500
By Toni Weeks
San Luis Obispo, Calif., March 12 - BNP Paribas plans to price 0% buffered return enhanced notes due Sept. 30, 2016 linked to the S&P 500 index, according to a term sheet.
If the final index level is greater than or equal to the initial level, the payout at maturity will be par plus 1.5 times the index return, subject to a maximum return of 20% to 25% that will be set at pricing. Investors will receive par if the index falls by up to 10% and will lose 1% for every 1% that it declines beyond the 10% buffer.
BNP Paribas Securities Corp. is the agent. Advisors Asset Management, Inc. is the distributor.
The notes are expected to price March 26 and settle March 31.
The Cusip number is 05574LWW4.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.