BCP/BNP Credit Union Deposit Bond

BCP is delighted to launch the new BCP/BNP Credit Union Deposit Bond. This bond pays out fixed deposit interest annually of 0.70% in years 1-6, with a potential deposit interest payment of 0.70% in year 7. This deposit rate represents a significant premium over those offered by other banks, many of which are now zero or negative.BNP is one of the strongest banks in the world with an ‘A+’ rating from Fitch.

 

Key Features of the Bond

• 100% capital security at maturity from BNP Paribas SA
• 0.70% paid out in years 1 to 6. Minimum AER of 0.60% over 7 year term
• Potential deposit interest payment of 0.70% in year 7
  • 0.70% paid out in Year 7 if at maturity the Euro Stoxx 50 Index is equal to or above the initial index level 
• BNP Paribas SA Credit Ratings: Fitch A+, Moody’s A1 and S&P A
• BNP Paribas SA market cap is €83bn
• 7 year term
• Minimum deposit €500,000
• Extended closing date 30th May 2017

Warning: If you invest in this product, you will not have any access to your money for 7 years.

**Credit ratings and market cap correct as of 24th April 2017. Source: Bloomberg.