New Issue: BNP Paribas prices $157,000 contingent variable income notes linked to stocks

By Angela McDaniels

Tacoma, Wash., Feb. 1 - BNP Paribas priced $157,000 of contingent variable income notes due Jan. 31, 2018 linked to a basket of common stocks, according to a term sheet.

The underlying stocks are Altria Group, Inc., AT&T, Inc., Barrick Gold Corp., Exelon Corp., Kinder Morgan Inc., Lockheed Martin Corp., PPL Corp., Reynolds American Inc., Spectra Energy Corp. and Verizon Communications Inc.

Interest is payable annually in an amount equal to the average of the stocks' performances, subject to a minimum coupon of 0.5%.

If a stock's return is positive or flat, its performance will be 5%. If a stock's return is negative, its performance will be the greater of the stock return and negative 15%.

The payout at maturity will be par plus the final coupon.

BNP Paribas Securities Corp. is the agent.

Issuer:	BNP Paribas
Issue:	Contingent variable income notes
Underlying stocks:	Altria Group, Inc., AT&T, Inc., Barrick Gold Corp., Exelon Corp., Kinder Morgan Inc., Lockheed Martin Corp., PPL Corp., Reynolds American Inc., Spectra Energy Corp. and Verizon Communications Inc.
Amount:	$157,000
Maturity:	Jan. 31, 2018
Coupon:	Average of stocks' performances, subject to minimum coupon of 0.5%; payable annually
Stock performance:	If stock's return is positive or flat, 5%; if stock's return is negative, greater of stock return and negative 15%
Price:	Par
Payout at maturity:	Par plus final coupon
Pricing date:	Jan. 28
Settlement date:	Jan. 31
Agent:	BNP Paribas Securities Corp.
Fees:	Up to 2.25%
Cusip:	05574LEB0

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