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BNP Paribas to price buffered return enhanced notes linked to S&P 500
New York, Dec. 5 – BNP Paribas plans to price 0% buffered return enhanced notes due Dec. 30, 2021 linked to the S&P 500 index, according to a term sheet.
If the final index level is greater than the initial index level, the payout at maturity will be par plus the 105% of the index return.
Investors will receive par if the index declines by 20% or less and will lose 1% for every 1% that it declines beyond 20%.
BNP Paribas Securities Corp. is the agent.
The notes will price on Dec. 27 and settle on Dec. 30.
The Cusip number is 05579TSW7.
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