Published on 4/30/2013 in the Prospect News Structured Products Daily.
New Issue: BNP Paribas prices $650,000 leveraged certi plus autocallables linked to indexes
By Susanna Moon
Chicago, April 30 - BNP Paribas priced $650,000 of leveraged autocallable certi plus notes due April 21, 2016 linked to the Russell 2000 index and the S&P 500 index, according to a term sheet.
If each index closes above its initial level on Oct. 16, 2014, the notes will be called at $1,100 for each $1,000 principal amount.
If the worse performing index finishes below its 60% barrier level, the payout at maturity will be par plus the greater of par and double any gain of the worse performing index.
Otherwise, investors will be exposed to any losses of the worse performing index.
BNP Paribas Securities Corp. is the agent.
| Issuer: | BNP Paribas, NY Branch
|
| Issue: | Leveraged autocallable certi plus notes
|
| Underlying indexes: | Russell 2000 and the S&P 500
|
| Amount: | $650,000
|
| Maturity: | April 21, 2016
|
| Coupon: | 0%r
|
| Price: | Par
|
| Payout at maturity: | If worse performing index finishes at or above barrier level, par plus 200% of any gain of that index, floor of par; otherwise, exposure to losses of worse performing index
|
| Call: | At par plus 10% if indexes close above initial level on Oct. 16, 2014
|
| Initial index level: | 923.30 for Russell, 1,574.57 for S&P
|
| Barrier level: | 553.98 for Russell, 944.742 for S&P; 60% of initial level
|
| Pricing date: | April 16
|
| Settlement date: | April 19
|
| Agent: | BNP Paribas Securities Corp.
|
| Fees: | 2.5%
|
| Cusip: | 05574LHG6
|
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