| 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 Paribas plans buffered return enhanced notes tied to Russell 2000
New York, Oct. 2 – BNP Paribas plans to price 0% buffered return enhanced notes due April 30, 2018 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 subject to a maximum payout of par plus 23% to 28%. The terms will be set at pricing.
Investors will receive par if the index falls by up to 10% and will be exposed to any index decline beyond the 10% buffer.
The notes are expected to price on Oct. 27 and settle on Oct. 30.
The Cusip is 05579THH2.
BNP Paribas is the agent.
© 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.