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BNP Paribas plans buffered return enhanced notes linked to Stoxx 50
New York, Sept. 8 – BNP Paribas plans to price 0% buffered return enhanced notes due Sept. 30, 2019 linked to the Euro Stoxx 50 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 100% to 115% of the index return. The exact participation rate will be set at pricing.
Investors will receive par if the index falls by up to 20% and will be exposed to any index decline beyond the 20% buffer.
The notes are expected to price on Sept. 25 and settle on Sept. 30.
The Cusip is 05579TGM2.
BNP Paribas is the agent.
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