Growth Series Note

Investment profile

Designed for investors seeking substantial returns over a 3-year timeframe who are comfortable with a medium-term holding period to achieve high-return objectives. This structure allows you to outperform traditional market exposure by capturing amplified gains from modest underlying appreciation: targeting ~2.8X growth potential even with expected 30% upside in the underlyings.

Key product details

• Underlying Assets: Alphabet Inc. (GOOGL), Apple Inc. (AAPL), Microsoft Corp. (MSFT)
• Structure: Worst-of performance with autocall feature
• Maturity: July 20, 2028 (34 months)
• Issue Price: 36.00% of notional
• Autocall Trigger: 130.00% of initial levels
• Maximum Gain: 177.78% over 34 months
• Issuer/Guarantor: BNP Paribas (S&P: A+, Moody: A1, Fitch: A+)

Return scenarios

• Upside Scenario: If the worst-performing stock exceeds 130% of its initial level at maturity, 177.78% total return
• Downside Protection: Capital recovery formula based on the worst-performing stock’s performance from initial levels
• Daily Liquidity: Secondary market pricing available for partial profit-taking throughout the term

Investment rationale

This opportunity is ideal for investors who believe in the continued strength of leading technology companies but don’t expect extraordinary 150-200% market returns within 2-3 years. The structure provides amplified exposure to modest gains while maintaining institutional-grade backing and liquidity flexibility.

Risk consideration

Returns are linked to the worst-performing stock among the three underlyings. Capital is at risk if the worst performer declines significantly from initial levels.