BNP Paribas plans notes linked to stocks picked from Richard Bernstein Industrial Renaissance universe

By Jennifer Chiou

New York, Nov. 6 - BNP Paribas plans to price 0% buffered return enhanced notes due May 31, 2016 linked to a basket of common stocks selected from the Richard Bernstein Advisors American Industrial Renaissance universe, according to a term sheet.

The basket includes Acuity Brands, Inc., Covanta Holding Corp., Generac Holdings Inc., Huntington Bancshares Inc., MasTec, Inc., Oshkosh Corp., Proto Labs, Inc., Quanta Services, Inc., Trinity Industries, Inc. and URS Corp.

If the final basket level is greater than or equal to the initial basket level, the payout at maturity will be par plus 150% of the basket return, subject to a maximum return of 25% to 30% that will be set at pricing.

Investors will receive par if the basket falls by up to 10% and will be exposed to any decline beyond the 10% buffer.

The notes (Cusip: 05574LSC3) are expected to price on Nov. 25 and settle on Nov. 29.

BNP Paribas Securities Corp. is the agent.

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