By Marisa Wong
Madison, Wis., Jan. 15 - BNP Paribas priced $1 million of 0% contingent buffered enhanced notes due Jan. 24, 2014 linked to the performance of Bank of America Corp., according to a term sheet.
If the stock return is greater than or equal to negative 25%, the payout at maturity will be par plus 11.6%.
Otherwise, investors will be fully exposed to the share price decline.
BNP Paribas Securities is the underwriter with JPMorgan as placement agent.
| Issuer: | BNP Paribas
|
| Issue: | Contingent buffered enhanced notes
|
| Underlying stock: | Bank of America Corp.
|
| Amount: | $1 million
|
| Maturity: | Jan. 24, 2014
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 11.6% if stock return is greater than or equal to negative 25%; otherwise, exposure to any losses
|
| Initial price: | $11.98
|
| Barrier price: | $8.9850, 75% of initial level
|
| Pricing date: | Jan. 8
|
| Settlement date: | Jan. 11
|
| Underwriter: | BNP Paribas Securities is the underwriter with JPMorgan as placement agent
|
| Fees: | 1%
|
| Cusip: | 05574LEF1
|
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