New Issue: BNP Paribas prices $1.25 million low barrier notes linked to Russell 2000

By Angela McDaniels

Tacoma, Wash., Feb. 1 - BNP Paribas priced $1.25 million of low barrier notes due Jan. 31, 2018 linked to the Russell 2000 index, according to a term sheet.

If the index level is greater than or equal to the barrier level, 57% of the initial index level, on a quarterly valuation date, the notes will pay an annualized coupon of 6%. Otherwise, no coupon will be paid that quarter.

The payout at maturity will be par unless the final index level is below the barrier level, in which case investors will be fully exposed to the index's decline from its initial level.

BNP Paribas Securities Corp. is the agent.

Issuer:	BNP Paribas
Issue:	Low barrier notes
Underlying index:	Russell 2000
Amount:	$1,253,000
Maturity:	Jan. 31, 2018
Coupon:	If index level is greater than or equal to barrier level on quarterly valuation date, 6% per year; otherwise, no coupon will be paid that quarter
Price:	Par
Payout at maturity:	Par unless final index level is below barrier level, in which case full exposure to index's decline from initial level
Initial index level:	906.71
Barrier level:	516.8247, 57% of initial level
Pricing date:	Jan. 28
Settlement date:	Jan. 31
Agent:	BNP Paribas Securities Corp.
Fees:	Up to 2.25%
Cusip:	05574LEA2

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