New Issue: BNP Paribas prices $2.19 million callable contingent income notes linked to indexes

By Susanna Moon

Chicago, April 30 - BNP Paribas priced $2.19 million of callable contingent income notes due April 30, 2018 linked to the Russell 2000 index and the S&P 500 index, according to a term sheet.

The notes will pay a conditional coupon at annualized rate of 6.75% for each quarter that each index closes at or above its 75% barrier level on the valuation date for that quarter.

The notes are callable on any quarterly review date after one year.

The payout at maturity will be par unless the either index finishes below the 65% barrier level, in which case investors will be exposed to any losses of the worse performing index.

BNP Paribas Securities Corp. is the agent.

Issuer:	BNP Paribas
Issue:	Callable contingent income notes
Underlying indexes:	Russell 2000 and the S&P 500
Amount:	$2,191,000
Maturity:	April 30, 2018
Coupon:	6.75% annualized for each quarter that both indexes close above barrier level on valuation date for that quarter
Price:	Par
Payout at maturity:	If index finishes at or above barrier level, par; otherwise, exposure to losses of worse performing index
Call:	At par on any quarterly redemption date beginning April 30, 2014
Initial index level:	940.28 for Russell, 1,585.16 for S&P
Barrier level:	611.1820 for Russell, 1,030.3540 for S&P; 65% of initial level
Pricing date:	April 25
Settlement date:	April 30
Agent:	BNP Paribas Securities Corp.
Fees:	Up to 3.5%
Cusip:	05574LHE1

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