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BNP Paribas plans buffered notes tied to Dow Jones industrial average
By Angela McDaniels
Tacoma, Wash., April 11 - BNP Paribas, New York Branch plans to price 0% buffered notes due April 30, 2018 linked to the Dow Jones industrial average, according to a term sheet.
If the final index level is greater than or equal to the initial level, the payout at maturity will be par plus the index return. Investors will receive par if the index falls by up to 15% and will lose 1% for every 1% that it declines beyond 15%.
BNP Paribas Securities Corp. is the agent. Advisors Asset Management, Inc. is distributor.
The notes are expected to price April 25 and settle April 30. The Cusip number is 05574LY44.
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