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BNP Paribas plans dual directional buffered notes on S&P 500 index
By Emma Trincal
New York, Dec. 11 – BNP Paribas plans to price dual directional buffered notes due Dec. 28, 2026 linked to the S&P 500 index, according to a term sheet.
If the index gains, the payout at maturity will be par plus 300% of the return of the index capped at par plus 24%.
The payout will be par plus the absolute value of the index return if the index declines but by no more than the 20% buffer.
Investors will lose 1% for every 1% that the index declines beyond the buffer.
BNP Paribas Securities Corp. is the agent.
The notes will price on Dec. 20 and settle on Dec. 26.
The Cusip number is 05611L2F9.
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