Indeed, that is the named individual. As far as I understand, to be transferable, the item would need to be be payable to Mr. Mr Pujol Léopold, or bearer. This makes the note payable to the named person, or anyone else.
In Ireland or Uk a cheque made payable to bearer is currency - thus a bank in Ireland or Uk is not permitted to issue a bank draft (cashier’s cheque) made payable to the ‘bearer’ as this would be a currency, ‘promise to pay the bearer on denamd’.