Based on the available Peugeot catalogs it looks like this is not a Pipeline.

Given the double cable guides on the down tube Liz is right, this was a ten speed.  
Update: Charles Irvin is right - the double cable guides do not indicate a ten speed. The 82 five speed version - as noted in the stats - has a PRIMEX-60 band brake rear which would use the left cable guide.  
[![enter image description here][1]][1]

In searching through the U.S. Peugeot catalogs, it looks like the cantilever Pipeline frame was made in 1982 and in 1989 . It came in a one and five speed model. 

I see nothing in the catalogs with the decals or paint scheme on your frame. The 82 sounds just like the one Charles describes.  

I looked through catalogs from various countries - and there are differences in the line for different countries - but found nothing. I could have missed something.

Here's another source of [Peugeot catalogs][2]. 

[1982][3]
[![enter image description here][4]][4]

[1989][5]
[![enter image description here][6]][6]


  [1]: https://i.sstatic.net/q93eN.jpg
  [2]: http://labibleduvelocataloguespeugeot1.blogspot.com/p/peugeot-1989.html
  [3]: http://www.bikeboompeugeot.com/Brochures%20USA/Peugeot%201982%20USA%20Brochure/Peugeot_1982_USA_Brochure_Pipeline_5_Cruiser_Pipeline_1.jpg
  [4]: https://i.sstatic.net/x0KQs.jpg
  [5]: http://www.bikeboompeugeot.com/Brochures%20USA/Peugeot%201989%20USA%20Brochure/Peugeot%201989%20USA%20Brochure%20Page%2028.jpg
  [6]: https://i.sstatic.net/seirx.jpg