BNP Paribas plans buffered return enhanced notes on WTI crude oil

By Jennifer Chiou

New York, May 20 - BNP Paribas plans to price 0% buffered return enhanced notes due Nov. 30, 2016 linked to the performance of WTI crude oil, according to a term sheet.

If the final futures contract price is greater than or equal to the initial price, the payout at maturity will be par plus 325% the asset return.

Investors will receive par if the futures contract price falls by up to 10% and will lose 1% for every 1% that it declines beyond the 10% buffer.

The notes (Cusip: 05574LZE1) are expected to price on May 27 and settle on May 30.

BNP Paribas Securities Corp. is the agent. Advisors Asset Management, Inc. is distributor.

© 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.