By Jennifer Chiou
New York, Feb. 4 - BNP Paribas, New York Branch priced $5.12 million of 0% return enhanced notes due Feb. 12, 2014 linked to the Hang Seng China Enterprises index and the spot rate of the deliverable Chinese renminbi, according to a term sheet.
The initial underlying level is equal to the initial index level multiplied by the initial currency rate.
The payout at maturity will be par plus double any index gain, up to a maximum return of 34%.
Otherwise, investors will be fully exposed to any losses.
BNP Paribas Securities Corp. is the underwriter, with JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC as placement agents.
| Issuer: | BNP Paribas
|
| Issue: | Return enhanced notes
|
| Underlying index: | Hang Seng China Enterprises
|
| Amount: | $5,115,000
|
| Maturity: | Feb. 12, 2014
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus double any index gain, capped at 34%; full exposure to any losses
|
| Initial index level: | 12,001.81
|
| Initial spot rate: | 6.2135
|
| Pricing date: | Jan. 25
|
| Settlement date: | Jan. 30
|
| Underwriter: | BNP Paribas Securities, with JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC as placement agents.
|
| Fees: | 1%
|
| Cusip: | 05574LEV6
|
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