New Issue: BNP Paribas prices $375,000 contingent buffered notes on Hang Seng

By Jennifer Chiou

New York, March 7 - BNP Paribas priced $375,000 of 0% contingent buffered equity notes due March 20, 2014 linked to the Hang Seng China Enterprises index and the spot rate of the deliverable Chinese renminbi, according to a term sheet.

If the index finishes at or above the 80% barrier level, the payout at maturity will be par plus any index gain, up to a maximum return of 19.5%.

Otherwise, investors will be fully exposed to losses.

BNP Paribas Securities Corp. is the underwriter.

Issuer:	BNP Paribas
Issue:	Contingent buffered equity notes
Underlying index:	Hang Seng China Enterprises
Amount:	$375,000
Maturity:	March 20, 2014
Coupon:	0%
Price:	Par
Payout at maturity:	If index finishes at or above barrier level, par plus any index gain capped at 19.5%; otherwise, full exposure to losses
Initial index level:	11,845.20
Barrier level:	80% of initial level
Initial spot rate:	6.2348
Pricing date:	Feb. 15
Settlement date:	Feb. 21
Underwriter:	BNP Paribas Securities
Fees:	1%
Cusip:	05574LFL7

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