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BNP Paribas plans to price leveraged notes linked to S&P 500 index
New York, Sept. 8 – BNP Paribas intends to price 0% leveraged notes due Sept. 30, 2020 linked to the S&P 500 index, according to a term sheet.
If the final index level is greater than or equal to the barrier level, the payout at maturity will be par plus 100% to 120% of the index return, subject to a minimum payout of par. The barrier level will be 60% of the initial index level. The exact terms will be set at pricing.
If the final index level is less than the barrier level, investors will lose 1% for every 1% that the index declines below the initial level.
The notes are expected to price on Sept. 25 and settle on Sept. 30.
BNP Paribas is the agent.
The Cusip number is 05579TGG5.
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