BNP plans dual directional notes linked to Dow, Nasdaq and Russell

By Emma Trincal

New York, March 11 – BNP Paribas plans to price 0% dual directional notes due April 3, 2029 linked to the worst performing of the Dow Jones industrial average, the Nasdaq-100 index and the Russell 2000 index, according to a term sheet.

At maturity, the payout will be par plus 175% if the worst performing index closes at or above its initial level.

If the worst performing index closes below its initial level but at or above the barrier level, 60% of its initial level, the payout will be par plus 50% of the absolute value of the worst performing index.

Otherwise, investors will be exposed to the loss of the worst performing index from its initial level.

BNP Paribas Securities Corp. is the agent.

The notes will be guaranteed by BNP Paribas, New York Branch.

The notes will price on March 28 and settle on April 3.

The Cusip number is 05612CMT6.

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