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The phrase "a basis point of" is correct and usable in written English.
It is typically used in financial contexts to refer to one-hundredth of a percentage point, often when discussing interest rates or financial metrics.
Example: "The interest rate increased by a basis point of 25, affecting the overall loan costs."
Alternatives: "a percentage point of" or "a fractional point of".
Exact(2)
"We cannot leave a basis point of alpha on the table," said Mr. Kneeley, referring to the slimmest unit of market-beating performance.
This is only 5 times what Microsoft paid for WebTV, a nice little firm, but one with scarcely a basis point of Apple's revenues.
Similar(58)
Six-month bill rates dipped by a basis point, to a late offered rate of 7.77percentt.
A busy ETF might be quoted with a basis point ($1 per $10,000) of difference between bid and ask, a sleepy one with a gap 60 times that.
To execute the transaction, a bank might charge in the neighborhood of eight basis points (a basis point is 1/100th of 1%) on the notional value of the swap.
In the world of indexing, where competitors squabble over a basis point, a percentage point of performance is gigantic.
The rate on the 90-day bills slipped a basis point, or hundredth of a percentage point, to 7.68percentt.
In traditional markets, issuers and investors will haggle over a single basis point of yield, or a debt service coverage ratio covenant, or the extent of subordination of claims in a waterfall, and the like.
A basis point is one-hundredth of 1percentt, so a fee of 28 basis points results in a $28 fee for every $10,000 invested.
A basis point is a hundredth of a percentage point.
(A basis point is one-hundredth of a percentage point).
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com