New Issue: BNP Paribas prices $1.52 million contingent buffered market plus notes on Euro Stoxx 50

By Toni Weeks

San Diego, Nov. 5 - BNP Paribas priced $1.52 million of 0% contingent buffered market plus notes due April 30, 2014 linked to the Euro Stoxx 50 index, according to a term sheet.

A knock-out event occurs if the closing level of the index falls below 70% of the initial level during the life of the notes.

If a knock-out event has not occurred, the payout at maturity will be par plus the greater of the index return and 6.6%.

If a knock-out event has occurred, the payout will be par plus the index return, which could be positive or negative.

JPMorgan Chase Bank, N.A. and J.P. Morgan Securities LLC are the agents.

Issuer:	BNP Paribas
Issue:	Contingent buffered market plus notes
Underlying index:	Euro Stoxx 50
Amount:	$1,515,000
Maturity:	April 30, 2014
Coupon:	0%
Price:	Par
Payout at maturity:	If index drops below 70% of initial level during life of notes, par plus index return, which could be positive or negative; otherwise, par plus greater of index return and 6.6%
Initial level:	2,496.10
Knock-out level:	1,747.27, 70% of initial level
Pricing date:	Oct. 26
Settlement date:	Oct. 31
Agents:	JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC
Fees:	1.25%
Cusip:	05574LBF4

© 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.