Published on 11/5/2012 in the Prospect News Structured Products Daily.
New Issue: BNP Paribas prices $8.66 million contingent buffered market plus notes on Euro Stoxx 50
By Toni Weeks
San Diego, Nov. 5 - BNP Paribas priced $8.66 million of 0% contingent buffered market plus notes due April 30, 2014 linked to the Euro Stoxx 50 index, according to a term sheet.
If the final index level is greater than or equal to the barrier level - 80% of the initial level - the payout at maturity will be par plus the greater of the index return and 6.25%.
If the final index level is below the barrier level, investors will be fully exposed to the decline in the index.
JPMorgan Chase Bank, N.A. and J.P. Morgan Securities LLC are the agents.
Issuer: | BNP Paribas
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Issue: | Contingent buffered market plus notes
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Underlying index: | Euro Stoxx 50
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Amount: | $8.66 million
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Maturity: | April 30, 2014
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index is at least 80% of initial level, par plus greater of index return and 6.25%; otherwise, full exposure to losses
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Initial level: | 2,496.10
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Barrier level: | 1,996.88, 80% of initial level
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Pricing date: | Oct. 26
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Settlement date: | Oct. 31
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Agents: | JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC
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Fees: | 1.25%
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Cusip: | 05574LBG2
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