By Susanna Moon
Chicago, Feb. 1 - BNP Paribas, New York Branch priced $1.5 million of 0% leveraged certificate plus notes due Jan. 28, 2016 linked to the SPDR S&P Homebuilders exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus triple any gain in fund, up to a maximum return of 39.5%.
Investors will receive par if the shares fall by up to 30% and will be fully exposed to any losses if the shares fall below the trigger level.
BNP Paribas Securities is the agent.
| Issuer: | BNP Paribas, New York Branch
|
| Issue: | Leveraged certificate plus notes
|
| Underlying fund: | SPDR S&P Homebuilders ETF
|
| Amount: | $1.5 million
|
| Maturity: | Jan. 28, 2016
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 200% of any fund gain, capped at 39.5%; par if shares fall by 30% or less; exposure to any losses if shares fall below trigger level
|
| Initial level: | $29.12
|
| Barrier level: | $20.384, or 70% of initial level
|
| Pricing date: | Jan. 25
|
| Settlement date: | Jan. 30
|
| Agent: | BNP Paribas Securities
|
| Fees: | 3%
|
| Cusip: | 05574LET1
|
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