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BNP Paribas plans buffered return enhanced notes tied to Russell 2000
By Jennifer Chiou
New York, Oct. 16 – BNP Paribas plans to price 0% buffered return enhanced notes due April 28, 2017 linked to the Russell 2000 index, according to a term sheet.
If the final index level is greater than or equal to the initial level, the payout at maturity will be par plus 150% of the index return, capped at 20% to 25%.
Investors will receive par if the index falls by up to 10% and will be exposed to any decline beyond the 10% buffer.
The notes (Cusip: 05579T4V5) will price on Oct. 28 and settle on Oct. 31.
BNP Paribas Securities Corp. is the agent. Advisors Asset Management, Inc. is distributor.
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