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BNP Paribas plans four-year buffered notes linked to S&P 500 index
New York, July 7 – BNP Paribas plans to price 0% buffered notes due July 29, 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 July 26 and settle on July 29.
The Cusip number is 05579TQ74.
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