BNP plans buffered return enhanced notes tied to basket of 15 stocks

By Marisa Wong

Morgantown, W.Va., March 8 – BNP Paribas plans to price 0% buffered return enhanced notes due March 31, 2021 linked to a basket of 15 stocks, according to a term sheet.

The equally weighted basket includes Apple Inc., Becton Dickinson and Co., Cisco Systems Inc., Equinix, Inc., General Motors Co., Goldman Sachs Group Inc., Intel Corp., Johnson & Johnson, Kohl’s Corp., Microsoft Corp., Procter & Gamble Co., Staples, Inc., Target Corp., Wal-Mart Stores Inc. and Whole Foods Market Inc.

The payout at maturity will be par plus 100% to 115% of any basket gain. Investors will receive par if the basket declines by 20% or less and will lose 1% for every 1% that the basket declines beyond 20%.

BNP Paribas is the agent.

The notes will price on March 28 and settle on March 31.

The Cusip number is 05579TMA1.

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