Issued by BNP Paribas
Catapult Growth Note - Earn 81.25% in Year-1 or 3x in Year-3
This offering is available to accredited investors.
VanEck Semiconductor ETF
SMH
Tracks leading global semiconductor companies involved in designing, manufacturing, and supplying semiconductor chips and equipment.
Market Cap
$-bn
3-Yr CAGR
64%
3-Yr Max DD
-18%
St. Strt. Utilities Sector ETF
XLU
Tracks U.S. utility companies providing electricity, natural gas, water, and renewable energy services.
Market Cap
$-bn
3-Yr CAGR
15%
3-Yr Max DD
-11%
St. Strt. Energy Sector ETF
XLE
Tracks leading U.S. energy companies involved in oil, natural gas, exploration, production, refining, and energy equipment services.
Market Cap
$-bn
3-Yr CAGR
15%
3-Yr Max DD
-14%
CAGR: Compound Annual Growth Rate · DD: Maximum Drawdown
Note is called in Year-1.5
81.25%
Stock is up 20% at maturity
60%
Stock is down 50% at maturity
0%
Stock is down 60% at maturity
-60%
Last Updated on Jul 31, 2026
Autocall: If worst-underlier is flat or positive at the end of Year-1.5, investors receive an 81.25% return.
If not called, the note offers 3X upside based on the worst-performing underlier among SMH, XLU, XLE, at maturity.
Principal is returned at maturity as long as the underliers are not down more than 50%.
Latest Indicative Price
100.00%
as of Jul 31, 2026
| Product | Growth |
| Issuer | BNP Paribas |
| Term | 5Y |
| Protection Type | barrier |
| Initial Call Premium | 81.25% if called in Year-1.5 |
| Principal Protection | 50% at Maturity |
| Upside Participation | 3x uncapped upside |
| Trade Date | Jul 31, 2026 |
| Maturity Date | — |