Issuer:
BNP Paribas (Canada) (the “Bank” or “BNP”), a wholly owned subsidiary of BNP Paribas S.A.
Principal Amount:
$100 per Note
Quarterly Distributions:
Guaranteed quarterly repayment of capital of $1.75 per Note ($7.00 per annum or 7.0% of the original issue price). Quarterly distributions will commence August 31, 2005.
Taxation:
Quarterly capital repayment distributions are non-taxable
Principal Guarantee:
100% return of principal guaranteed by BNP Paribas S.A., consisting of $70 in quarterly capital repayments plus $30 at Maturity per Note equal to $100
Payment at Maturity:
The sum of $30 and the final Basket Value as at February 27, 2015
Maturity Date:
May 31, 2015
Deferred Sales Charge:
$1.00 per Note until May 31, 2010; nil thereafter
Credit Rating:
BNP Paribas S.A. currently has long-term senior debt ratings of “AA” by Standard & Poor’s, “AA” by Fitch and “Aa2” by Moody’s, all with stable outlook.
Investment Outlook:
As at February 27, 2009, Abria Alternative Strategies Fund, the fund to which the Notes were linked, was wound up. Therefore, the Notes have now become regular bonds with a quarterly $1.75 repayment of capital and a final payment of $30 per Note at the Maturity Date.
