BNP Paribas plans to price buffered notes linked to the S&P 500 index

By Devika Patel

Knoxville, Tenn., Aug. 3 – BNP Paribas intends to price 0% buffered notes linked to the S&P 500 index, according to a term sheet.

If the final index level is greater than or equal to the initial level, the payout at maturity will be par plus the index return.

Investors will receive par if the index falls by up to 20% and will be exposed to any index decline beyond the 20% buffer.

The exact terms will be set at pricing.

The notes are expected to price on Aug. 26 and settle on Aug. 31.

BNP Paribas is the agent.

The Cusip is 05579TFZ4.

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