BNP Paribas plans to price autocallable leveraged notes on Russell, Nasdaq

By Emma Trincal

New York, Jan. 28 – BNP Paribas plans to price autocallable leveraged notes due Feb. 3, 2026 linked to the worst performing of the Russell 2000 index and the Nasdaq-100 index, according to a term sheet.

The notes will be guaranteed by BNP Paribas acting through its NY Branch.

The notes will be automatically called at par plus a redemption premium of $1,310 per $1,000 of notes if each underlying index closes at or above 110% of its initial level on an early redemption date set expected to be Aug. 3, 2023.

If the notes are not called and each index finishes at or above its initial level, the payout at maturity will be par plus 225% of the lesser-performing index return. If the lesser performing index declines but each index finishes at or above its 70% barrier level, the payout will be par. Otherwise, investors will lose 1% for each 1% decline of the least-performing index.

BNP Paribas Securities Corp. is the agent.

The notes will price on Jan. 29 and settle on Feb. 3.

The Cusip number is 05600MFP4.

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