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Income Note w/ Memory

OpenMemory Note3YIncome Note

Income Note w/ Memory

Issued by BNP Paribas

Income Note w/ Memory - Earn 25.90% p.a. in the form of 2.16% monthly payments

Trade DateSep 18, 2026
Wire DueSep 17, 2026

This offering is available to accredited investors.

Underlier Details

KTOS logo

Kratos Defense & Security Solutions Inc

KTOS

Develops unmanned systems, defense technologies, satellite communications, and cybersecurity solutions for military and government customers.

Market Cap

$9bn

3-Yr CAGR

48%

3-Yr Max DD

-54%

NOC logo

Northrop Grumman Corp

NOC

Develops advanced aerospace, defense, space, and mission systems for government and military customers worldwide.

Market Cap

$76bn

3-Yr CAGR

8%

3-Yr Max DD

-29%

AXON logo

Axon Enterprise Inc

AXON

Develops public safety technologies including TASER devices, body cameras, digital evidence management, and real-time policing software.

Market Cap

$46bn

3-Yr CAGR

43%

3-Yr Max DD

-51%

CAGR: Compound Annual Growth Rate · DD: Maximum Drawdown

Additional Information

  • 25.90% p.a. income or 2.16% paid monthly, with a memory feature that allows missed coupons to accrue and be paid later if conditions are met.

  • Issuer-callable on monthly observations after 6 months, where the note may redeem early with full principal and due coupons.

  • At maturity, principal is returned if the worst-performing underlier is not down more than 50%. Coupons are subject to 50% barrier.

Minimum Investment

$25,000

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Key Terms

ProductIncome
IssuerBNP Paribas
Term3Y
Non-Call Period6 months
Protection Typebarrier
Coupon Yield25.90% p.a.
Principal Barrier50% at Maturity
Coupon Barrier50% with Memory feature
Trade DateSep 18, 2026
Maturity Date