New Issue: BNP Paribas prices $1.6 million contingent buffered notes linked to Hang Seng China

By Toni Weeks

San Luis Obispo, March 15 - BNP Paribas priced $1.6 million of 0% contingent buffered equity notes due March 26, 2014 linked to the Hang Seng China Enterprises index and the spot rate of the deliverable Chinese renminbi, according to a term sheet.

If the index finishes at or above the 80% barrier level, the payout at maturity will be par plus any index gain up to a maximum return of 21% and with minimum payout of par.

If the index finishes below the barrier level, investors will be fully exposed to 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:	Contingent buffered equity notes
Underlying index:	Hang Seng China Enterprises
Amount:	$1.6 million
Maturity:	March 26, 2014
Coupon:	0%
Price:	Par
Payout at maturity:	If index finishes at or above the barrier level, par plus any index gain capped at 21%, floor of par; otherwise, full exposure to losses
Initial index level:	11,484.35
Barrier level:	80% of initial level
Initial spot rate:	6.202
Pricing date:	March 8
Settlement date:	March 13
Underwriter:	BNP Paribas Securities, with JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC as placement agents.
Fees:	1%
Cusip:	05574LGG7

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