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BNP Paribas plans to price buffered notes linked to S&P 500 index
By Jennifer Chiou
New York, Oct. 16 – BNP Paribas plans to price 0% buffered notes due Oct. 31, 2018 linked to the S&P 500 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 the index return.
Investors will receive par if the index falls by up to 20% and will be exposed to any decline beyond the 20% buffer.
The notes (Cusip: 05579T5B8) 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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