BNP PARIBAS 3 YEAR S&P 500 ISSUER CALLABLE PARTICIPATION
Earn up to
8.2% in USD
8.60% in GBP per annum
OR 150% OF THE S&P 500’s PERFORMANCE DURING THE PRODUCTS TERM
Outperform the Market
Inflation Protection
Downside Protection
HOW THIS NOTE WORKS...
ISINS
USD: XS2521288758
GBP: XS2521288832
This is a structured investment with defined risk and returns. It has some interesting features as outlined below:
This is a 3-year structured investment linked to the performance of the S&P
500
Strike Date Value
This product strikes on the 28th of July 2023 on that date, the index value of the S&P 500 is recorded
Investment Return – Issuer Callable
This product can be redeemed early (called) by the Issuer on every quarter after the first year of operation. If the Issuer decides to call the product, clients will receive 2.05% in USD or 2.15% in GBP for every quarter of operation and the investment ends.
Investment Return - Participation at Maturity
If the Issuer decides not to redeem the product early, at maturity clients will receive 150% of the S&P 500’s growth since the strike date
Investment Return - Participation at Maturity Worked Example
If the S&P 500 has increased by 22% from its strike date value at maturity, the investment return would be 22% x 1.5 = 33%
Final Maturity
If at the end of the 3-year term, the Issuer has not called the product and the S&P 500 finishes below its strike date value, but has maintained at least 70% of its value, 100% of client’s capital will be returned.
Risk
If at the end of the 3-year term, the Issuer has not called the product, a final observation will take place, if the S&P 500 is trading below 70% of its strike date value, then capital is at risk and investors will receive a 1:1 return based on the value of the index.
THE S&P 500 INVESTMENT CASE
The S&P 500 is recognized worldwide as one of the premier benchmarks for the U.S. stock market’s performance. The S&P 500 does not simply contain the 500 largest stocks; rather, it covers leading companies from leading industries. The S&P 500 represents a broad cross-section of the U.S. equity market, including common stocks traded on U.S. exchanges. No investments are immune to short-term volatility, but the S&P 500 has historically been one of the fastest markets to recover from downturns.
Historically, the index has recovered from every crash, bear market, and recession it’s ever faced
THE S&P 500 INVESTMENT CASE
The S&P 500 is recognized worldwide as one of the premier benchmarks for the U.S. stock market’s performance. The S&P 500 does not simply contain the 500 largest stocks; rather, it covers leading companies from leading industries. The S&P 500 represents a broad cross-section of the U.S. equity market, including common stocks traded on U.S. exchanges. No investments are immune to short-term volatility, but the S&P 500 has historically been one of the fastest markets to recover from downturns.
Historically, the index has recovered from every crash, bear market, and recession it’s ever faced
THE S&P 500 INVESTMENT CASE
The S&P 500 is recognized worldwide as one of the premier benchmarks for the U.S. stock market’s performance. The S&P 500 does not simply contain the 500 largest stocks; rather, it covers leading companies from leading industries. The S&P 500 represents a broad cross-section of the U.S. equity market, including common stocks traded on U.S. exchanges. No investments are immune to short-term volatility, but the S&P 500 has historically been one of the fastest markets to recover from downturns.
Historically, the index has recovered from every crash, bear market, and recession it’s ever faced