New Issue: BNP Paribas prices $730,000 contingent buffered enhanced notes linked to S&P 500

By Angela McDaniels

Tacoma, Wash., Nov. 6 - BNP Paribas priced $730,000 of 0% contingent buffered enhanced notes due Nov. 19, 2014 linked to the S&P 500 index, according to a term sheet.

A knock-out event will occur if the index's closing level is less than the knock-out level, 80% of the initial index level, on any day during the life of the notes.

If a knock-out event has not occurred, the payout at maturity will be par plus the index return, subject to a minimum payout of par and a maximum return of 13%. If a knock-out event has occurred, the payout will be par plus the lesser of the index return, which could be positive or negative, and 13%.

JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC are the placement agents.

Issuer:	BNP Paribas
Issue:	Contingent buffered enhanced notes
Underlying index:	S&P 500
Amount:	$730,000
Maturity:	Nov. 19, 2014
Coupon:	0%
Price:	Par
Payout at maturity:	If index's closing level is less than knock-out level on any day during life of notes, par plus lesser of index return, which could be positive or negative, and 13%; otherwise, par plus index return, subject to minimum payout of par and maximum return of 13%
Initial index level:	1,761.64
Final index level:	Average of index's closing levels on the five trading days ending Nov. 14, 2014
Knock-out level:	1,409.312, 80% of initial level
Pricing date:	Nov. 1
Settlement date:	Nov. 6
Placement agents:	JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC
Fees:	1%
Cusip:	05574LS25

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.