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BNP Paribas plans to price buffered notes linked to S&P 500 index
By Angela McDaniels
Tacoma, Wash., Nov. 15 – BNP Paribas plans to price 0% buffered notes due Nov. 30, 2020 linked to the S&P 500 index, according to a term sheet.
If the final index level is greater than the initial index level, the payout at maturity will be par plus the index return. Investors will receive par if the index declines by 20% or less and will lose 1% for every 1% that it declines beyond 20%.
BNP Paribas Securities Corp. is the agent.
The notes will price Nov. 22.
The Cusip number is 05579TSA5.
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