BNP plans notes linked to BNP Multi Asset Diversified 5 index

By Emma Trincal

New York, May 14 – BNP Paribas plans to price 0% notes due Nov. 24, 2026 linked to the BNP Paribas Multi Asset Diversified 5 index, according to a term sheet.

The payout at maturity will be par plus the index performance 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 daily using a momentum strategy subject to a target volatility of 5%.

BNP Paribas Securities Corp. is the agent.

The notes will price on May 24 and settle on May 28.

The Cusip number is 05600MY32.

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