AVVISO n.19299 31 Ottobre 2008 SeDeX − INV. CERTIFICATES
AVVISO n.19299 | 31 Ottobre 2008 | SeDeX − INV. CERTIFICATES |
Mittente del comunicato : Borsa Italiana
Societa' oggetto dell'Avviso
: BNP PARIBAS ARBITRAGE ISSUANCE
Oggetto : Rettifica Avviso 19202 del 30 ottobre 2008 relativo inizio negoziazioni Investment Certificates − classe B "BNP Paribas Arbitrage Issuance B.V."
Testo del comunicato
Si veda allegato.
Disposizioni della Borsa
A rettifica dell’avviso n. 19202 del 30 ottobre 2008, relativo all’inizio delle negoziazioni di “4 Equity Protection Cap Certificates su Panieri di Azioni” (di seguito i “Certificates”) emessi da BNP Paribas Arbitrage Issuance B.V. e irrevocabilmente e incondizionatamente garantiti da BNP Paribas, si allega di seguito la versione corretta dei Final Terms dei Certificates.
I Final Terms di seguito allegati risultano modificati rispetto alla copia allegata al summenzionato avviso nei seguenti punti:
-) con riferimento al Certificate con codice ISIN NL0006295529, il peso dell’azione A2A all’interno del basket è pari a 16% e non 18%.
-) a pagina 11, i Certificates aventi un numero di componenti pari a 4 (n = 4) sono i Certificates aventi codici ISIN NL0006297020 e NL0006297012.
FINAL TERMS DATED 15 October 2008
BNP Paribas Arbitrage Issuance B.V.
(incorporated in The Netherlands) (as Issuer)
300,000 "Equity Protection Cap" EUR Certificates linked to BNP Energy Basket of Shares ISIN Code: NL0006295529
(the NL0006295529 Certificates)
200,000 "Equity Protection Cap" EUR Certificates linked to BNP Energy Basket of Shares ISIN Code: NL0006297020
(the NL0006297020 Certificates)
100,000 "Equity Protection Cap" EUR Certificates linked to BNP Energy Basket of Shares ISIN Code: NL0006297012
(the NL0006297012 Certificates)
200,000 "Equity Protection Cap" EUR Certificates linked to BNP Telecommunication Basket of Shares ISIN Code: NL0006297038
(the NL0006297038 Certificates) (together, the Certificates)
Unconditionally and irrevocably guaranteed by
(incorporated in France) (as Guarantor)
(Warrant and Certificate Programme)
BNP Paribas Arbitrage S.N.C.
(as Manager)
The NL0006295529 Certificates were offered to the public in the Republic of Italy from 1 July 2008 to 13 August 2008
The NL0006297020 Certificates were offered to the public in the Republic of Italy from 18 August 2008 to 30 September 2008
The NL0006297012 Certificates were offered to the public in the Republic of Italy from 25 July 2008 to 13 August 2008
The NL0006297038 Certificates were offered to the public in the Republic of Italy from 18 August 2008 to 30 September 2008
PART A – CONTRACTUAL TERMS
Terms used herein shall be deemed to be defined as such for the purposes of the Conditions set forth in the sections entitled “Terms and Conditions of the Certificates” and “Annex 2 – Additional Terms and Conditions for Share Certificates” of the Base Prospectus dated 30 May 2008, the First Supplement to the Base Prospectus dated 14 August 2008, the Second Supplement to the Base Prospectus dated 8 September 2008, the Third Supplement to the Base Prospectus dated 1 October 2008 and the Fourth Supplement to the Base Prospectus dated 9 October 2008, which together constitute a base prospectus for the purposes of Directive 2003/71/EC (the "Prospectus Directive"). The Base Prospectus dated 30 May 2008, the First Supplement to the Base Prospectus dated 14 August 2008, the Second Supplement to the Base Prospectus dated 8 September 2008, the Third Supplement to the Base Prospectus dated 1 October 2008 and the Fourth Supplement to the Base Prospectus dated 9 October 2008, have been passported into Italy in compliance with Article 18 of the Prospectus Directive. This document constitutes the Final Terms of the Certificates described herein for the purposes of Article 5.4 of the Prospectus Directive and must be read in conjunction with such Base Prospectus. Full information on BNP Paribas Arbitrage Issuance B.V. (the "Issuer") and the Certificates is only available on the basis of the combination of these Final Terms and the Base Prospectus. The Base Prospectus is available for viewing on the Netherlands Authority for the Financial Markets’ (Autoriteit Financiële Markten - AFM) website xxx.xxx.xx, and copies may be obtained free of charge at BNP Paribas Securities Services, Xxxxx Xxxxxx, Xxx Xxxxxxxx, 0-00000, Xxxxxx, Xxxxx.
References herein to numbered Conditions are to the terms and conditions of the relevant series of Certificates and words and expressions defined in such terms and conditions shall bear the same meaning in these Final Terms in so far as they relate to such series of Certificates, save as where otherwise expressly provided.
These Final Terms relate to the series of Certificates as set out in "Specific Provisions for each Series" below. References herein to "Certificates" shall be deemed to be references to the relevant Certificates that are the subject of these Final Terms and references to "Certificate" shall be construed accordingly.
1. Issuer: BNP PARIBAS ARBITRAGE ISSUANCE B.V.
2. Guarantor: BNP PARIBAS
SPECIFIC PROVISIONS FOR EACH SERIES
• For the NL0006295529 Certificates:
Series Number No. of
Certificates issued
No. of Certificates
ISIN
Common Code
Issue Price per Redemption
Certificate
Date
CE0178UR 300,000 300,000 NL0006295529 037352136 EUR 100 21 August 2012
• For the NL0006297020 Certificates:
Series Number | No. of Certificates issued | No. of Certificates | ISIN | Common Code | Issue Price per Certificate | Redemption Date |
CE0192UR | 200,000 | 200,000 | NL0006297020 | 038074148 | EUR 100 | 5 October 2012 |
• For the NL0006297012 Certificates:
Series Number
No. of Certificates issued
No. of Certificates
ISIN
Common Issue Price per Redemption Code Certificate Date
CE0196UR 100,000 100,000 NL0006297012 037898830 EUR 100 24 August 2012
• For the NL0006297038 Certificates:
Series Number
No. of Certificates issued
No. of Certificates
ISIN
Common Issue Price per Redemption Code Certificate Date
CE0205UR 200,000 200,000 NL0006297038 038219871 EUR 100 5 October 2012
The Redemption Date shall be subject to adjustment in accordance with the Following Business Day Convention.
GENERAL PROVISIONS
The following terms apply to each series of Certificates:
3. Trade Date: • For the NL0006295529 Certificates: 13 August 2008
• For the NL0006297020 Certificates: 30 September 2008
• For the NL0006297012 Certificates: 13 August 2008
• For the NL0006297038 Certificates: 30 September 2008
4. Issue Date : • For the NL0006295529 Certificates: 19 August 2008
• For the NL0006297020 Certificates: 7 October 2008
• For the NL0006297012 Certificates: 19 August 2008
• For the NL0006297038 Certificates: 7 October 2008
5. Consolidation: Not Applicable
6. Type of Certificates:
(i) The Certificates are Share Certificates.
(ii) The Certificates are "Equity Protection Cap" (EUR) Certificates.
Automatic Exercise applies on the Exercise Date The Exercise Date is:
• For the NL0006295529 Certificates: 14 August 2012
• For the NL0006297020 Certificates: 28 September 2012
• For the NL0006297012 Certificates: 17 August 2012
• For the NL0006297038 Certificates: 27 September 2012
or if such day is not a Business Day the immediately subsequent Business Day.
The Exercise Date will be subject to the same adjustments provided for the Valuation Date. For the purposes of Borsa Italiana, the Exercise Date shall be deemed to be also the maturity date, i.e. the date in which the Certificates expire
7. Form of Certificates: Italian Dematerialised Certificates
8. Business Day Centre(s): The applicable Business Day Centre for the purposes of the
definition of "Business Day" in Condition 4 is TARGET
9. Settlement: Settlement will be by way of cash payment (Cash Settled Certificates)
10. Variation of Settlement:
(a) Issuer's option to vary settlement:
The Issuer does not have the option to vary settlement in respect of the Certificates
(b) Variation of Settlement of Physical Delivery Certificates:
Not Applicable
11. Relevant Asset(s): Not Applicable
12. Entitlement: Not Applicable
13. Instalment Certificates: The Certificates are not Instalment Certificates
14. Partly Paid Certificates: The Certificates are not Partly Paid Certificates
15. Exchange Rate: Not Applicable
16. Settlement Currency: The settlement currency for the payment of the Cash Settlement
Amount is Euro (“EUR”)
17. Notional Amount of each Certificate: EUR 100
18. Syndication: The Certificates have been distributed on a non-syndicated basis
19. Minimum Trading Size: The minimum trading size will be established by the Italian Stock
Exchange with the notice communicating the first day of trading of the Certificates
20. Principal Certificate Agent: BNP Paribas Securities Services, Milan
21. Calculation Agent: BNP Paribas Arbitrage SNC, 0 xxx xx Xxxxx, 00000 Xxxxx, Xxxxxx
22. Governing law: English law
23. Special conditions or other modifications to the Terms and Conditions:
Minimum exercise number of Certificates: The minimum number of Certificates that may be exercised by the Certificate holder is (1) one Certificate and in excess thereof by multiples of
(1) one Certificate
Trading Code of Borsa Italiana is
• For the NL0006295529 Certificates: P95529
• For the NL0006297020 Certificates: P97020
• For the NL0006297012 Certificates: P97012
• For the NL0006297038 Certificates: P97038
Condition 7(E) -Rights of Holders and Calculations
The following shall be deemed to be added at the end of the first paragraph of Condition 7(E)(Rights of Holders and Calculations):
“unless such errors or omissions are due to its own wilful misconduct or gross negligence”
Condition 8 (Illegality and Force Majeure)
The following shall be deemed to be deleted from Condition 8 (Illegality and Force Majeure):
“less the cost to the Issuer and/or its Affiliates of unwinding any underlying related hedging arrangements (unless otherwise provided in the relevant Final Terms)”
Condition 14 - Substitution of the Issuer or the Guarantor
Condition 14 (B) shall be deemed to be deleted and replaced by
the following:
“Where the Issuer is BNPP B.V., BNPP or any previous substituted company, in its capacity as guarantor, may not be substituted by any other company”
Condition 16 –Additional Disruption Events
The following shall be deemed to be deleted from Condition 16 (Additional Disruption Events) (C) (ii) (iii):
"less the cost to the Issuer and/or its Affiliates of unwinding any underlying related hedging arrangements (unless otherwise provided in the relevant Final Terms)"
The following sentence shall be deemed to be added at the end of Condition 16 (Additional Disruption Events) (C)
“The Calculation Agent will adjust any relevant terms of the Certificates as it determines appropriate to preserve the economic equivalent of the obligations of the Issuer under the Certificates”
ANNEX 2 (Additional Terms and Conditions for Share Certificates)
The following sentence shall be deemed to be added at the end of Annex 2 (3) (Potential Adjustment Events)
“The Calculation Agent will adjust any relevant terms of the Certificates as it determines appropriate to preserve the economic equivalent of the obligations of the Issuer under the Certificates”
The following shall be deemed to be deleted from Annex 2 (4) (b),
(c) and (d) (Merger Event, Tender Offer, De-Listing, Nationalisation and Insolvency):
"less the cost to the Issuer and/or its Affiliates of unwinding any underlying related hedging arrangements"
PRODUCT SPECIFIC PROVISIONS
24. Index Certificates: Not Applicable
25. Share Certificates: The provisions of of Annex 2 (Additional Terms and Conditions for Share Certificates) shall apply.
(a) Share(s)/Share Company/Basket Company:
• The NL0006295529 Certificates relate to a basket of 5 Shares (each Sharei) (together the “Basket of Shares” or the “Underlying” or “B”) each denominated in Euro, as set out in the table below:
i | Basket | ISIN Code | Reuters | Bloomberg Weight | Exchange | Share Initial |
Company i | Code | Code |
Italian Stock | ||||||
1 | ENI | IT0003132476 | ENI.MI | ENI IM | 25.00% | Exchange |
Italian Stock | ||||||
2 | ENEL | IT0003128367 | ENEI.MI | ENEL IM | 25.00% | Exchange |
Italian | ||||||
Stock | ||||||
3 | A2A Spa | IT0001233417 | A2.MI | A2A IM | 18.00% | Exchange |
SNAM RETE | Italian Stock | |||||
4 | GAS | IT0003153415 | SRG.MI | SRG IM | 16.00% | Exchange |
Italian Stock | ||||||
5 | TENARIS | LU0156801721 | TENR.MI | TEN IM | 16.00% | Exchange |
21.37 euro
6.27 euro
2.2125 euro
4.2475 euro
16.75 euro
• The NL0006297020 Certificates relate to a basket of 4 Shares (each Sharei) (together the “Basket of Shares” or the “Underlying” or “B”) each denominated in Euro, as set out in the table below:
i
Basket
Company i
ISIN Code
Reuters
Code
Bloomberg
Code
Weight
Exchange
Share Initial
1 ENI IT0003132476 ENI.MI ENI IM 42.00%
2 ENEL IT0003128367 ENEI.MI ENEL IM 36.00%
Italian Stock Exchange
Italian Stock Exchange
18.60 Euro
5.89 Euro
3 | TENARIS | LU0156801721 | TENR.MI | TEN IM | 15.00% | Italian Stock Exchange | 13.152 Euro |
4 | TERNA | IT0003242622 | TRN.MI | TRN IM | 7.00% | Italian Stock Exchange | 2.595 Euro |
• The NL0006297012 Certificates relate to a basket of 4 Shares (each Sharei) (together the “Basket of Shares” or the “Underlying” or “B”) each denominated in Euro, as set out in the table below:
i
Basket
Company i
ISIN Code
Reuters
Code
Bloomberg
Code
Weight
Exchange
Share Initial
1 ENI IT0003132476 ENI.MI ENI IM 35.00%
Italian Stock Exchange
21.37 euro
2 | ENEL | IT0003128367 | ENEI.MI | ENEL IM | 35.00% | Italian Stock Exchange | 6.27 euro |
3 | TERNA | IT0003242622 | TRN.MI | TRN IM | 15.00% | Italian Stock Exchange | 2.68 euro |
4 | TENARIS | LU0156801721 | TENR.MI | TEN IM | 15.00% | Italian Stock Exchange | 16.75 euro |
• The NL0006297038 Certificates relate to a basket of 3 Shares (each Sharei) (together the “Basket of Shares” or the “Underlying” or “B”) each denominated in Euro, as set out in the table below:
i
Basket
Company i
ISIN Code
Reuters Bloomberg
Code Code
Weight (Wi)
Exchange
Share Initial
1 Deutsche Telekom
DE0005557508 XXXXx.XX DTE GY 34.00% XETRA 10.77 Euro
2 France
Telecom
FR0000133308 XXX.XX FTE FP 33.00% Euronext
Paris
SIBE
(Sistema de
19.80 Eur
16.79 Eur
3 Telefonica ES0178430E18 XXX.XX TEF SM 33.00%
Interconexi ón Bursátil Español)
(b) Exchange(s): See table above
(c) Related Exchange(s): All Exchanges
(d) Exchange Business Day: Per Share Basis
(e) Scheduled Trading Day: Per Share Basis
(f) Weighting: Not Applicable
(g) Settlement Price: • For the NL0006295529 Certificates, NL0006297020
Certificates and NL0006297012 Certificates:
The Settlement Price will be calculated on the basis of the Reference Price of each Sharei as calculated by Borsa Italiana on the Valuation Date (as indicated in § 51).
• For the NL0006297038 Certificates:
The Settlement Price will be calculated on the basis of the official closing price of each Sharei as calculated by Borsa Italiana on the Valuation Date (as indicated in § 51).
(h) Disrupted Day: If the Valuation Date is a Disrupted Day, the Settlement Price
will be calculated in accordance with the definition of "Valuation Date" provided in Condition 4.
(i) Specified Maximum Days of Disruption:
Three (3) Scheduled Trading Days
(j) Valuation Time: • For the NL0006295529 Certificates; NL0006297020
Certificates; and NL0006297012 Certificates:
The time when the Reference Price of each Sharei is calculated by Borsa Italiana.
• For the NL0006297038 Certificates:
The time when the official closing price of each Sharei is calculated by the relevant Exchange.
(k) Knock-in Event: Not Applicable
(l) Knock-out Event: Not Applicable
(m) Automatic Early Redemption Event:
Not Applicable
(n) Redemption on Occurrence of Extraordinary Event:
Not Applicable
(o) Delayed Redemption on Occurrence of Extraordinary Event:
Not Applicable
(p) Share Correction Period As per Conditions
(q) Dividend Payment: Not Applicable
26. | GDR/ADR Certificates: | Not Applicable |
27. | Debt Certificates: | Not Applicable |
28. | Commodity Certificates: | Not Applicable |
29. | Inflation Index Certificates: | Not Applicable |
30. | Currency Certificates: | Not Applicable |
31. | Fund Certificates: | Not Applicable |
32. | Market Access Certificates: | Not Applicable |
33. | Credit Certificates: | Not Applicable. |
34 | Future Certificates: | Not Applicable. |
35 Additional Disruption Events: (i) The following Additional Disruption Events apply to the
Certificates: Change in Law Insolvency Filing
(ii) Delayed Redemption on Occurrence of Additional Disruption Event: Not Applicable
PROVISIONS RELATING TO INTEREST
36. | Interest: | The Certificates do not pay interest |
37. | Fixed Rate Provisions: | Not Applicable |
38. | Floating Rate Provisions | Not Applicable |
39. | Index Linked Interest Certificates: | Not Applicable |
40 | Share Linked Interest Certificates: | Not Applicable. |
41 | GDR/ADR Linked Interest Certificates: | Not Applicable. |
42 | Debt Linked Interest Certificates: | Not Applicable |
43. | Commodity Linked Interest Certificates: | Not Applicable |
44 | Inflation Index Linked Interest Certificates: | Not Applicable |
45 | Currency Linked Interest Certificates: | Not Applicable |
46 | Fund Linked Interest Certificates: | Not Applicable. |
47 | Future Linked Interest Certificates: | Not Applicable. |
ISSUER CALL OPTION IN RESPECT OF CERTIFICATES
48 Issuer Call Option: Not Applicable
HOLDER PUT OPTION IN RESPECT OF CERTIFICATES
49 Holder Put Option: Not Applicable
PROVISIONS RELATING TO VALUATION ON REDEMPTION
50 Cash Settlement Amount:
1) If Basket Final is equal to or less than the Protection Level, each Certificate will be exercised automatically on the Exercise Date and the Holder will receive payment of a Cash Settlement Amount in accordance with the following provisions:
N x Protection Level %
1) If Basket Final is greater than the Protection Level, each Certificate will be exercised automatically on the Exercise Date and the Holder will receive payment of a Cash Settlement Amount in accordance with the following provisions:
BFinal
Min (N+ Participation x ( BInitial
- 1) x N; N x Cap Level%)
Where :
N is the Notional Amount of each Certificate as specified in § 17;
Basket Initial or BInitial is the level of the Underlying Basket of Shares on the Strike Date, calculated as follows:
∑
i=n
w
x ( Sharei−Initial ) x N
i=1 i
Sharei−Initial
BasketFinal or BFinal is the level of the Underlying Basket of Shares on the Valuation Date calculated as follows:
∑
i=n
w
x ( Sharei−Final
) x N
i=1 i
Sharei−Initial
Wi = Weighting of each Sharei as specified in table § 25;
• For the NL0006295529 Certificates: n = 5
• For the NL0006297020 Certificates and the NL0006297012 Certificates: n = 4
• For the NL0006297038 Certificates: n = 3
Participation = 100 %; Protection Level % = 100%; Protection Level = 100% x BInitial Cap Level % = 150%;
• For the NL0006295529 Certificates, NL0006297020
Certificates and NL0006297012 Certificates:
Sharei Initial = the closing auction price in Borsa Italiana of each
Sharei on the Strike Date;
Sharei Final = the Reference Price of each Sharei on the Valuation Date;
Reference Price of each Sharei is the “Prezzo di Riferimento” as defined by Borsa Italiana
• For the NL0006297038 Certificates:
Sharei Initial = the official closing price of each Sharei on the Strike Date;
Sharei Final = the official closing price of each Sharei on the Valuation Date.
Pursuant the Rules of the markets organised and managed by Borsa Italiana S.p.A., each Holder may notify the Issuer that it renounces its right to payment of any such Cash Settlement Amount, by delivery to the Agent not later than the Renouncement Notice Cut-off Time (as defined in § 51) of a notice (the “Renouncement Notice”, substantially in the form of Part B in these Final terms).
Copies of the Renouncement Notice may be obtained during normal business hours from the specified office of any Certificate Agent.
If no Renouncement Notice is received before the Renouncement Notice Cut-off Time (as defined in § 51), the Cash Settlement Amount shall be paid automatically by the Issuer on the Redemption Date.
No Renouncement Notice may be withdrawn after receipt thereof by the Agent. After delivery of a Renouncement Notice, the relevant Holder may not transfer the Certificates which are the subject of such Renouncement Notice.
51 Renouncement Notice Cut-off Time • For the NL0006295529 Certificates, the NL0006297020
Certificates and the NL0006297012 Certificates: 10:00 am on the Exercise Date.
• For the NL0006297038 Certificates: 5:00 pm of the Scheduled Trading Day following the Valuation Date.
52 Strike Date: • For the NL0006295529 Certificates: 13 August 2008.
• For the NL0006297020 Certificates: 30 September 2008.
• For the NL0006297012 Certificates: 13 August 2008.
• For the NL0006297038 Certificates: 30 September 2008.
53 Valuation Date: • For the NL0006295529 Certificates, NL0006297020 Certificates and NL0006297012 Certificates: The Scheduled Trading Day immediately preceding the Exercise
Date. | ||
54 | Averaging: | • For the NL0006297038 Certificates: The Exercise Date. Averaging does not apply to the Certificates. |
55. | Observation Dates: | Not Applicable. |
56 | Observation Period: | Not Applicable. |
57 | Settlement Business Day: | Not Applicable. |
58 | Cut-off Date: | Not Applicable. |
DISTRIBUTION AND US SALES ELIGIBILITY
59 Selling Restrictions: As described in the Base Prospectus.
(a) Eligibility for sale of Certificates in the United States to AIs:
The Certificates are not eligible for sale in the United States to AIs.
(b) Eligibility for sale of Certificates in the United States to QIBs within the meaning of rule 144A:
The Certificates are not eligible for sale in the United States under Rule 144A to QIBs
60 Additional U.S. Federal income tax consequences:
Not Applicable
61 Registered broker/dealer: Not Applicable
Listing Application
These Final Terms comprise the final terms required to list the issue of Certificates described.
Responsibility
The Issuer accepts responsibility for the information contained in these Final Terms. To the best of the knowledge of the Issuer (who has taken all reasonable care to ensure that such is the case), the information contained herein is in accordance with the facts and does not omit anything likely to affect the import of such information. The information included in Part B (the "Information") consists of extracts from or summaries of information that is publicly available in respect of the Shares. The Issuer confirms that such information has been accurately reproduced and that, so far as it is aware and is able to ascertain from information published by the Share Companies, no facts have been omitted which would render the reproduced inaccurate or misleading.
Signed on behalf of BNP Paribas Arbitrage Issuance B.V. As Issuer:
By: ………………………………….
Duly authorised
PART B – OTHER INFORMATION
1. Listing and Admission to trading:
Application has been made to list the Certificates on the Italian Stock Exchange and to admit the Certificates for trading described herein on the electronic "Securitised Derivatives Market" (the “SeDeX”), organised and managed by Borsa Italiana S.p.A.
2. Ratings
Ratings: The Certificates to be issued have not been rated.
The rating of the Guarantor is Aa1 from Moody’s and AA+ from Standard and Poor’s
As defined by Moody's an "Aa1" rating means that the obligations of the Issuer and the Guarantor under the Programme are of high quality and are subject to very low credit risk and, as defined by Standard & Poor's, an "AA+" rating means that the relevant Issuer and Guarantor's capacity to meet its financial commitment under the Certificates is very strong.
3. Risk Factors
As described in the Base Prospectus, as supplemented.
4. Notification
The Authority for the Financial Markets, which is the Netherlands competent authority for the purpose of the Prospectus Directive, has provided the Italian National Commission for the Companies and the Market- CONSOB with a certificate of approval attesting that the Base Prospectus, the First Supplement to the Base Prospectus, the Second Supplement to the Base Prospectus, the Third Supplement to the Base Prospectus and the Fourth Supplement to the Base Prospectus, have been drawn up in accordance with the Prospectus Directive.
5. Performance of Underlying/Formula/Other Variable, Explanation of Effect on Value of Investment and Associated Risks and Other Information concerning the Underlying
The Equity Protection Cap is an exercisable Certificate which return is linked to the performance of the Underlying Basket of Shares. The structure is capital protected but features a Cap Level (150% * N).
The formula for calculating the Cash Settlement Amount is described in § 50. The return on such Certificate may well be inferior to the return on a direct investment on the Underlying Basket of Shares.
During the secondary market period, the price of the Certificate will depend upon market conditions and may be subject to significant fluctuations.
• for the NL0006295529 Certificates:
Name and website of the issuer of the underlying security:
- Eni S.p.A.: xxx.xxx.xx
- Enel S.p.A. : xxx.xxxx.xx
- A2A S.p.A.: xxx.x0x.xx
- Tenaris : xxx.xxxxxxx.xxx
- Snam Rete Gas S.p.A: xxx.xxxxxxxxxxx.xx
• For the NL0006297020 Certificates, NL0006297012 Certificates:
Name and website of the issuer of the underlying security:
- Eni S.p.A.: xxx.xxx.xx
- Enel S.p.A. : xxx.xxxx.xx
- Tenaris : xxx.xxxxxxx.xxx
- Terna: xxx.xxxxx.xx
• for the NL0006297038 Certificates: Name and website of the issuer of the underlying security:
- Deutsche Telekom: xxx.xxxxxxx.xx
- France Telecom: xxx.xxxxxxxxxxxxx.xxx
- Telefonica: xxx.xxxxxxxxxx.xxx
ISIN Code of the underlying: See table in § 25.
Source of information relating to the Underlying
Past and futures performances and volatility of the Shares are also notably available on the website of the Underlying Company and from the Reuters and Bloomberg.
Past and futures performances and volatility of the Basket are available on Reuters's page "bnped196".
Post-Issuance information The Issuer does not provide post-issuance information.
6. Operational Information
Relevant Clearing System(s): Monte Titoli.
7. Yield
Not Applicable.
8. Renouncement Notice
RENOUNCEMENT NOTICE
(to be completed by the Holder of the Certificate)
BNP Paribas Arbitrage Issuance B.V.
300,000 "Equity Protection Cap" EUR Certificates linked to BNP Energy Basket of Shares ISIN Code: NL0006295529
(the NL0006295529 Certificates)
200,000 "Equity Protection Cap" EUR Certificates linked to BNP Energy Basket of Shares ISIN Code: NL0006297020
(the NL0006297020 Certificates)
100,000 "Equity Protection Cap" EUR Certificates linked to BNP Energy Basket of Shares ISIN Code: NL0006297012
(the NL0006297012 Certificates)
200,000 "Equity Protection Cap" EUR Certificates linked to BNP Telecommunication Basket of Shares ISIN Code: NL0006297038
(the NL0006297038 Certificates) (together, the Certificates)
To: BNP Paribas Securities Services, Xxxxx Xxxxxx
Xxx Xxxxxxxx, 0-00000, Xxxxxx, Xxxxx Fax No: (00) 00 00000 000
We/I the undersigned Holder(s) of the Certificates
hereby communicate that we are renouncing the automatic exercise on the Exercise Date of the rights granted by the Certificates in accordance with the Terms and Conditions of the Certificates, as amended and/or supplemented by the applicable Final Terms (the Certificate Terms).
Series No. of the Certificates:
Number of Certificates the subject of this notice:
The undersigned understands that if this Renouncement Notice is not completed and delivered as provided in the Certificate Terms or is determined to be incomplete or not in proper form (in the determination of the Italian Certificate Agent), it will be treated as null and void.
If this Renouncement Notice is subsequently corrected to the satisfaction of the Italian Certificate Agent, it will be deemed to be a new Renouncement Notice submitted at the time such correction was delivered to the Italian Certificate Agent.
Expressions defined in the Certificate Terms shall bear the same meanings in this Renouncement Notice. Place and date:
Signature of the Holder
Name of beneficial owner of the Certificates
Signature