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BNP Paribas plans contingent buffered notes linked to Hang Seng China
By Toni Weeks
San Diego, Nov. 6 - BNP Paribas plans to price 0% contingent buffered equity notes due Nov. 27, 2013 linked to the Hang Seng China Enterprises index and the spot rate of the Hong Kong dollar, according to a term sheet.
The payout at maturity will be par plus any gain in the index, up to a maximum return of 29%.
Investors will receive par if the index falls by up to 20% and will be fully exposed to any losses if the index falls below the barrier level.
The notes (Cusip: 05574LCF3) are expected to price Nov. 9 and settle Nov. 15.
JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC are the agents.
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