By Toni Weeks
San Luis Obispo, Calif., Nov. 6 - BNP Paribas priced $3.88 million of 0% contingent buffered market plus notes due May 7, 2015 linked to the Euro Stoxx 50 index, according to a term sheet.
If the final index level is greater than or equal to the barrier level - 82% of the initial level - the payout at maturity will be par plus the index return, subject to a minimum payout of par.
If the final index level is below the barrier level, investors will be fully exposed to the decline in the index.
The final index level is the average of the closing index levels on the five trading days ending May 4, 2015.
BNPP Securities is the agent. JPMorgan Chase Bank, N.A. and J.P. Morgan Securities LLC are the dealers.
| Issuer: | BNP Paribas
|
| Issue: | Contingent buffered market plus notes
|
| Underlying index: | Euro Stoxx 50
|
| Amount: | $3.88 million
|
| Maturity: | May 7, 2015
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index is at least 82% of initial level, par plus index return, with floor of par; otherwise, full exposure to losses
|
| Initial level: | 3,052.14
|
| Barrier level: | 2,502.7548, 82% of initial level
|
| Pricing date: | Nov. 1
|
| Settlement date: | Nov. 6
|
| Agent: | BNPP Securities
|
| Dealers: | JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC
|
| Fees: | 1.5%
|
| Cusip: | 05574LRZ3
|
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