| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers R > Headlines for Russell 2000 index > News item |
BNP to price buffered dual directional notes tied to Russell, Nasdaq
By Emma Trincal
New York, Aug. 16 – BNP Paribas plans to price 0% dual directional notes due June 2, 2025 linked to the worst of the Russell 2000 index and the Nasdaq-100 index, according to a term sheet.
If each index finishes at or above its initial level, the payout at maturity will be par plus the return of the worst performing index, capped at par plus 30%.
If each index finishes at or above the 85% buffer level, the payout will be par plus the absolute value of the return of the worst performing index.
Otherwise, investors will lose 1% for each 1% decline of the worst performing index beyond the 15% buffer.
BNP Paribas is the agent.
The notes will price on Aug. 26 and settle on Aug. 31.
The Cusip number is 05601JH94.
© 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.