Correction: Cusip for BNP Paribas' step-up autocallables is 05574LSJ8

A story in the Nov. 7 edition of the Prospect News Structured Products Daily included an incorrect Cusip number for BNP Paribas' upcoming step-up autocallable notes linked to the Euro Stoxx 50 index. A corrected version of the story follows:

By Angela McDaniels

Tacoma, Wash., Nov. 7 - BNP Paribas plans to price 0% step-up autocallable notes due Nov. 29, 2016 linked to the Euro Stoxx 50 index, according to a term sheet.

The notes will be automatically called at par plus a call premium if the index closes at or above the initial index level on Nov. 25, 2014 or Nov. 24, 2015. The call premium is expected to be 10% per year.

If the notes are not called and the final index level is greater than or equal to the initial index level, the payout at maturity will be par plus the greater of the index return and the contingent minimum return, which is expected to be 33.5% to 36.5%.

If the final index level is less than the initial index level, investors will have 1-to-1 exposure to the decline.

BNP Paribas Securities Corp. is the agent.

The notes are expected to price Nov. 26 and settle Nov. 29.

The Cusip number is 05574LSJ8.

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