Callable issued by BNP PARIBAS B.V., denominated in ILS. Its payout is linked to GOOGL UQ Equity, MSFT UW Equity, LUMI IT Equity.
The stated annual coupon rate is 10%, with quarterly payments. Payment conditions are defined in the final terms.
The issuer may have a right to redeem the note early under its call provisions. An issuer call is discretionary and is not the same as an automatic market-triggered autocall.
The stated protection barrier is 100% (European). A barrier is conditional protection, not a guarantee. If its conditions fail, repayment can be exposed to losses in the reference asset. European barriers are generally assessed at a final observation; the term sheet determines the exact calculation.
GOOGL UQ Equity
ALPHABET INC-CL A is an equity reference asset: a share in the named company. Its value can change with company earnings, sector conditions, market sentiment and currency movements. In this structured product, share performance affects the contractual coupon or repayment tests; holding the note does not mean owning the shares.
MSFT UW Equity
MICROSOFT CORP is an equity reference asset: a share in the named company. Its value can change with company earnings, sector conditions, market sentiment and currency movements. In this structured product, share performance affects the contractual coupon or repayment tests; holding the note does not mean owning the shares.
LUMI IT Equity
BANK LEUMI LE-ISRAEL is an equity reference asset: a share in the named company. Its value can change with company earnings, sector conditions, market sentiment and currency movements. In this structured product, share performance affects the contractual coupon or repayment tests; holding the note does not mean owning the shares.
Structured products carry issuer credit risk, market risk and liquidity risk. You may lose part or all of your investment. Barrier levels and quoted coupons do not guarantee a return. Early sale may result in a loss, and currency movements may affect returns.
This explanation summarizes the available feed data; it is not the complete legal term sheet, personalized investment advice or a recommendation. Exact observation rules, credit-event definitions, fees, settlement terms and the full payout formula must be verified in the issuer’s final documentation. Request the final terms before investing.