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BNP plans leveraged notes on worst of Russell 2000, S&P 500 indexes
New York, Oct. 7 – BNP Paribas plans to price 0% leveraged notes due Oct. 28, 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 at least 167.5% 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 Oct. 25 and settle on Oct. 28.
The Cusip number is 05579TRR9.
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