BNP Paribas targets Hong Kong retail

BNP Paribas last month launched its first retail structured note for the Hong Kong market. The Paris-based bank will offer capital guarantees on the performance of the 'Elite Series 1' credit-linked notes, which are issued by BNP Paribas Retail Note Issuance.

The payout will be linked to a reference basket of six financial institutions and corporates, with a fixed-interest payment of up to 5% a year over five-and-a-half years.

Payments will be made in two instalments every year, subject to

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