Published on 11/6/2013 in the Prospect News Structured Products Daily.
New Issue: BNP Paribas prices $208,000 buffered notes due 2017 linked to the Dow
By Jennifer Chiou
New York, Nov. 6 - BNP Paribas, New York Branch priced $208,000 of 0% buffered notes due Oct. 31, 2017 linked to the Dow Jones industrial average, according to a term sheet.
The payout at maturity will be par plus any gain in the index.
Investors will receive par if the index falls by up to 15% and will lose 1% for each 1% decline beyond 15%.
BNP Paribas Securities Corp. is the underwriter.
Issuer: | BNP Paribas, New York Branch
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Issue: | Buffered notes
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Underlying index: | Dow Jones industrial average
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Amount: | $208,000
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Maturity: | Oct. 31, 2017
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus any index gain; par for losses up to 15%; 1% loss per 1% drop beyond 15%
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Initial index level: | 15,568.93
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Pricing date: | Oct. 28
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Settlement date: | Oct. 31
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Underwriter: | BNP Paribas Securities Corp.
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Fees: | Up to 3%
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Cusip: | 05574LR75
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