Published on 11/6/2013 in the Prospect News Structured Products Daily.
New Issue: BNP Paribas prices $1.1 million contingent buffered enhanced notes on Euro Stoxx 50
By Toni Weeks
San Luis Obispo, Calif., Nov. 6 - BNP Paribas priced $1.1 million of 0% contingent buffered enhanced notes due Oct. 30, 2015 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 - 85% of the initial level - the payout at maturity will be par plus the 15.4% digital return.
If the final index level is below the barrier level, investors will be fully exposed to the decline in the index.
BNPP Securities is the agent. JPMorgan Chase Bank, N.A. and J.P. Morgan Securities LLC are the dealers.
Issuer: | BNP Paribas
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Issue: | Contingent buffered enhanced notes
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Underlying index: | Euro Stoxx 50
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Amount: | $1.1 million
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Maturity: | Oct. 30, 2015
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index is at least 85% of initial level, par plus 15.4%; otherwise, full exposure to losses
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Initial level: | 3,052.14
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Barrier level: | 2,579.325, 85% of initial level
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Pricing date: | Oct. 25
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Settlement date: | Oct. 30
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Agent: | BNPP Securities
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Dealers: | JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC
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Fees: | 1.5%
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Cusip: | 05574LRV2
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