Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers E > Headlines for Euro Stoxx 50 index > News item |
BNP plans dual directional notes linked to worst of Stoxx 50, S&P 500
New York, Sept. 9 – BNP Paribas plans to price 0% dual directional notes due Sept. 30, 2019 linked to the worst of the Euro Stoxx 50 index and the S&P 500 index, according to a term sheet.
If each index finishes above its initial level, the payout at maturity will be par plus 135% to 165% of the gain of the worse performing index. The exact participation rate will be set at pricing.
If each index falls by no more than 50%, the payout will be par plus 50% of the absolute value of the return of the worse performing index.
Otherwise, investors will lose 1% for each 1% decline of the worse performing index from its initial level.
BNP Paribas is the agent.
The notes will price on Sept. 25 and settle on Sept. 30.
The Cusip number is 05579TGL4.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.