New Issue: BNP Paribas prices $11.19 million return enhanced notes tied to S&P 500

By Susanna Moon

Chicago, Feb. 5 - BNP Paribas, New York Branch priced $11.19 million of 0% return enhanced notes due Feb. 20, 2014 linked to the S&P 500 index, according to a term sheet.

The payout at maturity will be par plus double any index gain, up to a maximum return of 16.2%.

Investors will be exposed to any losses.

BNP Paribas Securities Corp. is the underwriter, with JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC as placement agents.

Issuer:	BNP Paribas
Issue:	Return enhanced notes
Underlying index:	S&P 500
Amount:	$11,194,000
Maturity:	Feb. 20, 2014
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus double any index gain, capped at 16.2%; exposure to any losses
Initial index level:	1,513.17
Pricing date:	Feb. 1
Settlement date:	Feb. 6
Underwriter:	BNP Paribas Securities, with JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC as placement agents.
Fees:	1%
Cusip:	05574LFA1

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