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BNP plans leveraged notes linked to worst of Russell 2000, S&P 500
New York, June 2 – BNP Paribas plans to price 0% leveraged notes due June 30, 2021 linked to the worst performing of the Russell 2000 index and the S&P 500 index, according to a term sheet.
If the worst performing index gains, the payout at maturity will be par plus 170% of that index’s return.
Investors will receive par if the worst performing index declines but by no more than 50%.
If the worst performing index finishes below the 50% barrier level then holders will be fully exposed to the decline in that index.
BNP Paribas is the agent.
The notes will price on June 27 and settle on June 30.
The Cusip number is 05579TPK6.
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