New Issue: BNP Paribas prices $1 million contingent variable-income notes linked to five stocks

By Toni Weeks

San Luis Obispo, Calif., Oct. 10 - BNP Paribas priced $1 million of contingent variable-income notes due Oct. 8, 2020 linked to a basket of five stocks, according to a term sheet.

The underlying stocks include AbbVie Inc., Altria Group Inc., AT&T Inc., ConocoPhillips and General Electric Co.

If each stock closes at or above its initial price on any annual valuation date, the notes will pay a coupon of 12.25% for that year. If the closing price of any underlying stock is less than its initial price on a valuation date, the coupon will be 1%. Interest is payable annually.

The payout at maturity will be par plus the contingent coupon payment, if any.

BNPP Securities is the agent.

Issuer:	BNP Paribas
Issue:	Contingent variable-income notes
Underlying stocks:	AbbVie Inc. (Symbol: ABBV), Altria Group Inc. (Symbol: MO), AT&T Inc. (Symbol: T), ConocoPhillips (Symbol: COP) and General Electric Co. (Symbol: GE)
Amount:	$1 million
Maturity:	Oct. 8, 2020
Contingent payment:	If each stock closes at or above its initial price on annual valuation date, 12.25%; otherwise 1%; payable annually
Price:	Par
Payout at maturity:	Par plus contingent payment, if any
Initial share prices:	$46.01 for AbbVie, $34.70 for Altria, $33.64 for AT&T, $70.17 for ConocoPhillips and $24.10 for GE
Pricing date:	Oct. 3
Settlement date:	Oct. 8
Agent:	BNPP Securities
Fees:	up to 4%
Cusip:	05574LQQ4

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