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BNP Paribas plans buffered return enhanced notes linked to Stoxx 50
New York, April 11 – BNP Paribas plans to price 0% buffered return enhanced notes due Oct. 30, 2020 linked to the Euro Stoxx 50 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 190% 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 April 25 and settle on April 30.
The Cusip number is 05583RGC2.
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