BNP Paribas plans to price four-year buffered notes linked to S&P 500

By Marisa Wong

Morgantown, W.Va., March 8 – BNP Paribas plans to price 0% buffered notes due March 31, 2020 linked to the S&P 500 index, according to a term sheet.

The payout at maturity will be par plus any index gain. Investors will receive par if the index declines by 20% or less and will lose 1% for every 1% that the index declines beyond 20%.

BNP Paribas is the agent.

The notes will price on March 28 and settle on March 31.

The Cusip number is 05579TLX2.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.