BNP plans autocallable step up notes on BNP Multi Asset Diversified 5

New York, April 11 – BNP Paribas plans to price 0% autocallable step up notes due April 28, 2025 linked to the BNP Paribas Multi Asset Diversified 5 index, according to a term sheet.

The notes will be automatically redeemed at a price of par plus 10% per year if the index closes at or above its early redemption level on an annual early redemption valuation date. The early redemption level is 103.5% of the initial level for the April 24, 2019 valuation date, stepping up by 3.5% per year to 121% on April 24, 2024.

If the notes are not redeemed, the payout at maturity will be par plus the index return with a floor of par.

The index tracks eight components that provide exposure to equity futures in Europe, the United States and Japan, government bond futures in Europe, the United States and Japan, and commodity futures.

Allocations to each of these components are rebalanced on every weekday using a momentum strategy subject to a target volatility of 5%.

BNP Paribas Securities Corp. is the agent.

The notes will price on April 23 and settle on April 27.

The Cusip number is 05583RGA6.

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