Bond BNP Paribas SA 0.5% ( FR0013465358 ) in EUR

BNP Paribas SA

99.9 % ▲

France

FR0013465358 ( in EUR )

0.5% per year ( payment 1 time a year)

03/06/2026

Prospectus brochure of the bond BNP Paribas FR0013465358 en EUR 0.5%, maturity 03/06/2026

04/06/2026 ( In 212 days )

BNP Paribas is a leading international banking group providing a wide range of financial services including retail banking, investment banking, asset management, and corporate and institutional banking to individuals, businesses, and governments worldwide.

BNP Paribas issued a EUR-denominated bond (ISIN: FR0013465358) currently trading at 99.42% of its face value, offering a 0.5% coupon with annual payments, maturing on March 6, 2026.

FINAL TERMS
PROHIBITION OF SALES TO EEA RETAIL INVESTORS The Notes are not intended to be
offered, sold or otherwise made available to and should not be offered, sold or otherwise made
available to any retail investor in the EEA. For these purposes, a retail investor means a person who
is one (or more) of: (i) a retail client as defined in point (11) of Article 4(1) of Directive 2014/65/EU (as
amended, "MiFID II"); or (ii) a customer within the meaning of Directive 2002/92/EC (as amended, the
"Insurance Mediation Directive"), where that customer would not qualify as a professional client as
defined in point (10) of Article 4(1) of MiFID II; or (iii) not a qualified investor as defined in the
Prospectus Directive. Consequently no key information document required by Regulation (EU) No
1286/2014 (as amended, the "PRIIPs Regulation") for offering or selling the Notes or otherwise
making them available to retail investors in the EEA has been prepared and therefore offering or
selling the Notes or otherwise making them available to any retail investor in the EEA may be unlawful
under the PRIIPs Regulation.
MiFID II product governance / target market assessment Solely for the purposes of each
manufacturer's product approval process, the target market assessment in respect of the Notes,
taking into account the five categories in item 18 of the Guidelines published by ESMA on 5 February
2018, has led to the conclusion that: (i) the target market for the Notes is eligible counterparties and
professional clients, each as defined in MiFID II; and (ii) all channels for distribution of the Notes are
appropriate. Any person subsequently offering, selling or recommending the Notes (a "distributor")
should take into consideration the manufacturers' target market assessment; however, a distributor
subject to MiFID II is responsible for undertaking its own target market assessment in respect of the
Notes (by either adopting or refining the manufacturers' target market assessment) and determining
appropriate distribution channels.
Final Terms dated 2 December 2019
BNP PARIBAS
(incorporated in France)
(the Issuer)
Legal entity identifier (LEI): R0MUWSFPU8MPRO8K5P83
Issue of EUR 750,000,000 Fixed to Floating Rate Senior Non Preferred Notes due June 2026
ISIN Code: FR0013465358
under the 90,000,000,000
Euro Medium Term Note Programme
(the Programme)

Any person making or intending to make an offer of the Notes may only do so in circumstances in
which no obligation arises for the Issuer or any Dealer to publish a prospectus pursuant to Article 3 of
the Prospectus Directive or to supplement a prospectus pursuant to Article 16 of the Prospectus
Directive, in each case, in relation to such offer.

1

PART A CONTRACTUAL TERMS
Terms used herein shall be deemed to be defined as such for the purposes of the Conditions (the
"Conditions") set forth under the section entitled "Terms and Conditions of the French Law Notes" in
the Base Prospectus dated 5 July 2019 which received visa n° 19-328 from the Autorité des marchés
financiers ("AMF") on 5 July 2019 and any Supplement(s) thereto approved and published on or
before the date of these Final Terms (copies of which are available as described below), which
together constitute a base prospectus for the purposes of the Directive 2003/71/EC, as amended or
superseded (the "Prospectus Directive") (the "Base Prospectus"). This document constitutes the
Final Terms of the Notes described herein for the purposes of Article 5.4 of the Prospectus Directive,
and must be read in conjunction with the Base Prospectus. Full information on the Issuer and the offer
of the Notes is only available on the basis of the combination of these Final Terms and the Base
Prospectus. The Base Prospectus, these Final Terms and any Supplement(s) to the Base Prospectus
will also be available on the AMF website (www.amf-france.org) and these Final Terms will be
available for viewing on the website of Euronext Paris. A copy of these Final Terms and the Base
Prospectus and any Supplement(s) to the Base Prospectus will be sent free of charge by the Issuer to
any investor requesting such documents.

1.
Issuer:
BNP Paribas
2.
(i)
Series Number:
19195
(ii)
Tranche Number:
1
3.
Specified Currency:
EUR
4.
Aggregate Nominal Amount:

(i)
Series:
EUR 750,000,000
(ii)
Tranche:
EUR 750,000,000
5.
Issue Price of Tranche:
99.806 per cent. of the Aggregate Nominal Amount
6.
Minimum Trading Size:
Not applicable
7.
(i)
Specified Denomination:
EUR 100,000
(ii)
Calculation Amount:
EUR 100,000
8.
(i)
Issue Date:
4 December 2019
(ii)
Interest Commencement
Issue Date
Date:
9.
(i)
Maturity Date:
4 June 2026
(ii)
Business Day Convention Not applicable
for Maturity Date:
10.
Form of Notes:
Bearer
11.
Interest Basis:
0.500 per cent. per annum Fixed Rate from and
including the Interest Commencement Date to but
excluding the Optional Redemption Date (as defined
below).
3 month EURIBOR + 0.750 per cent. Floating Rate
from and including the Optional Redemption Date to
but excluding the Maturity Date.
(further particulars specified below)
12.
Coupon Switch:
Not applicable
13.
Redemption/Payment Basis:
Redemption at par

2

14.
Change of Interest Basis or
The initial Interest Basis shall be Fixed Rate until the
Redemption/Payment Basis:
Optional Redemption Date.
The Interest Basis subsequent to the Optional
Redemption Date shall be Floating Rate.
(further particulars specified below)
15.
Put/Call Options:
Issuer Call (further particulars specified below)
16.
Exchange Rate:
Not applicable
17.
Status of the Notes:
Senior Non Preferred Notes
MREL/TLAC Criteria Event: Not applicable
18.
Knock-in Event:
Not applicable
19.
Knock-out Event:
Not applicable
20.
Method of distribution:
Syndicated
21.
Hybrid Notes:
Not applicable
22.
Tax Gross-Up:
Condition 6(e) (No Gross-Up) of the Terms and
Conditions of the French Law Notes not applicable
PROVISIONS RELATING TO INTEREST (IF ANY) PAYABLE
23.
Interest:
Applicable
(i)
Interest Period(s):
As per Conditions
(ii)
Interest Period End Date(s):
4 June in each year from and including 4 June 2020 to
and including the Optional Redemption Date, then 4
September 2025, 4 December 2025, 4 March 2026
and 4 June 2026
(iii)
Business Day Convention
Not applicable (with respect to the Fixed Rate Interest
for Interest Period End
Period)
Date(s):
Modified following (with respect to the Floating Rate
Interest Period)
(iv)
Interest Payment Date(s):
4 June in each year from and including 4 June 2020 to
and including the Optional Redemption Date, then 4
September 2025, 4 December 2025, 4 March 2026
and 4 June 2026
(v)
Business Day Convention
Modified Following
for Interest Payment
Date(s):
(vi)
Party responsible for
Calculation Agent
calculating the Rate(s) of
Interest and Interest
Amount(s):
(vii)
Margin(s):
0.750 per cent. applicable to the Floating Rate in
respect of the Floating Rate Interest Period only
(viii)
Minimum Interest Rate:
As per Conditions
(ix)
Maximum Interest Rate:
Not applicable

3

(x
)
Day Count Fraction:
Actual/Actual ICMA (applicable to the Fixed Rate
Interest Period)
Actual/360 (applicable to the Floating Rate Interest
Period)
(xi)
Determination Dates:
4 June in each year from and including 4 June 2020
(xii)
Accrual to Redemption:
Applicable
(xiii)
Rate of Interest:
Fixed Rate to Floating Rate
(xiv)
Coupon Rate:
Not applicable
24.
Fixed Rate Provisions:
Applicable
from and including the Interest
Commencement Date to but excluding the Optional
Redemption Date (the Fixed Rate Interest Period)
(i)
Fixed Rate of Interest:
0.500 per cent. per annum payable annually in arrear
on each Interest Payment Date during the Fixed Rate
Interest Period
(ii)
Fixed Coupon Amount(s):
EUR 500 per Calculation Amount
(iii)
Broken Amount(s):
EUR 250 per Calculation Amount payable on the
Interest Payment Date falling on 4 June 2020 for the
period from and including the Interest Commencement
Date to but excluding 4 June 2020
(iv)
Resettable Notes:
Not applicable
25.
Floating Rate Provisions:
Applicable from and including the Optional
Redemption Date to but excluding the Maturity Date
(the Floating Rate Interest Period)
(i)
Manner in which the Rate of
Screen Rate Determination
Interest and Interest Amount
is to be determined:
(ii)
Linear Interpolation:
Not applicable
26.
Screen Rate Determination:
Applicable
(i)
Reference Rate:
3 month EURIBOR
(ii)
Interest
Determination Second TARGET2 day prior to the start of each
Date(s):
Floating Rate Interest Period
(iii)
Specified Time:
11:00 am, Brussels time
(iv)
Relevant Screen Page
Bloomberg page "EUR003M"
27.
ISDA Determination:
Not applicable
28.
FBF Determination:
Not applicable
29.
Zero Coupon Provisions:
Not applicable
30.
Index Linked Interest Provisions:
Not applicable
31.
Share Linked/ETI Share Linked
Not applicable
Interest Provisions:
32.
Inflation Linked Interest Provisions:
Not applicable
33.
Commodity Linked Interest
Not applicable
Provisions:
34.
Fund Linked Interest Provisions:
Not applicable
35.
ETI Linked Interest Provisions:
Not applicable

4

36.
Foreign Exchange (FX) Rate Linked
Not applicable
Interest Provisions:
37.
Underlying Interest Rate Linked
Not applicable
Interest Provisions:
38.
Additional Business Centre(s)
TARGET2
(Condition 3(e) of the Terms and
Conditions of the English Law Notes
or Condition 3(e) of the Terms and
Conditions of the French Law Notes,
as the case may be):
PROVISIONS RELATING TO REDEMPTION
39.
Final Redemption:
Calculation Amount x 100 per cent.
40.
Final Payout:
Not applicable
41.
Automatic Early Redemption:
Not applicable
42.
Issuer Call Option:
Applicable
(i)
Optional Redemption Date(s):
The Interest Payment Date falling on 4 June 2025
(ii)
Optional Redemption
Not applicable
Valuation Date(s):
(iii)
Optional Redemption
Calculation Amount x 100 per cent.
Amount(s):
(iv)
If redeemable in part:

(a) Minimum Redemption
Not applicable
Amount:
(b) Higher Redemption
Not applicable
Amount:
(v)
Notice period:
Minimum notice period: 30 calendar days

Maximum notice period: 45 calendar days
43.
Noteholder Put Option:
Not applicable
44.
Aggregation:
Not applicable
45.
Index Linked Redemption Amount:
Not applicable
46.
Share Linked/ETI Share Linked
Not applicable
Redemption Amount:
47.
Inflation Linked Redemption
Not applicable
Amount:
48.
Commodity Linked Redemption
Not applicable
Amount:
49.
Fund Linked Redemption Amount:
Not applicable
50.
Credit Linked Notes:
Not applicable
51.
ETI Linked Redemption Amount:
Not applicable
52.
Foreign Exchange (FX) Rate Linked
Not applicable
Redemption Amount:
53.
Underlying Interest Rate Linked
Not applicable
Redemption Amount:

54.
Events of Default for Senior Not applicable

5

Preferred Notes:

55.
Administrator/Benchmark Event:
Not applicable
56.
Early Redemption Amount(s):
Article 45b2(b) BRRD: Not applicable
Final Redemption Amount
57.
Provisions applicable to Physical
Not applicable
Delivery:
58.
Variation of Settlement:

(i)
Issuer's option to vary
The Issuer does not have the option to vary settlement
settlement:
in respect of the Notes.
(ii)
Variation of Settlement of
Not applicable
Physical Delivery Notes:
59.
CNY Payment Disruption Event:
Not applicable
GENERAL PROVISIONS APPLICABLE TO THE NOTES
60.
Form of Notes:
Bearer Notes:
New Global Note:
No

Dematerialised Notes

Bearer dematerialised form (au porteur).
61.
Financial Centre(s) or other special TARGET2
provisions relating to Payment Days
for the purposes of Condition 4(a):
62.
Talons for future Coupons or
No
Receipts to be attached to definitive
Notes (and dates on which such
Talons mature):
63.
Details relating to Partly Paid Notes:
Not applicable
amount of each payment comprising
the Issue Price and date on which
each payment is to be made and, if
different from those specified in the
Temporary Bearer Global Note or
Permanent Bearer Global Note,
consequences of failure to pay,
including any right of the Issuer to
forfeit the Notes and interest due on
late payment:
64.
Details relating to Notes redeemable
Not applicable
in instalments: amount of each

instalment, date on which each
payment is to be made:
65.
Redenomination, renominalisation Not applicable
and reconventioning provisions:
66.
Masse (Condition 12 of the Terms Contractual representation of Noteholders/No Masse
and Conditions of the French Law shall apply.
Notes):
67.
Governing law:
French law
68.
Calculation Agent:
BNP Paribas Securities Services

6

PART B OTHER INFORMATION

1.
Listing and Admission to trading

(i)
Listing and admission to trading:
Application will be made by the Issuer (or on its
behalf) for the Notes to be admitted to trading
on Euronext Paris with effect on or from the
Issue Date
(ii)
Estimate of total expenses related
EUR 5,700
to admission to trading:
2.
Ratings

Ratings:
The Notes to be issued are expected to be
rated:
- Baa1 by Moody's Investors Services Ltd.
("Moody's"),
- A- by S&P Global Ratings Europe Limited
("S&P")
- A+ by Fitch France S.A.S. ("Fitch") and
- A (High) by DBRS Limited ("DBRS").

Each of Moody's, S&P, Fitch and DBRS is
established in the European Union and is
registered under Regulation (EC) No.
1060/2009 (as amended).
3.
Interests of Natural and Legal Persons Involved in the Issue
Save for the fees payable to the Managers so far as the Issuer is aware, no person involved
in the offer of the Notes has an interest material to the offer.
4.
Reasons for the Offer
Reasons for the Offer:
The net proceeds of the issue of the Notes will
be allocated or reallocated from time to time to
the financing and/or refinancing, in whole or in
part, of Eligible Green Assets as defined below
and further described in the BNP Paribas Green
Bond Framework dated 18 November 2019
available on
https://invest.bnpparibas.com/en/green-bond-
issues, as may be amended from time to time
by the Issuer (the "BNP Paribas Green Bond
Framework").
Pending the allocation or reallocation, as the
case may be, of the net proceeds of the Notes
to Eligible Green Assets, the Issuer will invest
the balance of the net proceeds, at its own
discretion, in cash and/or cash equivalent
and/or other liquid marketable instruments. The
Issuer will use its best efforts to substitute any
redeemed loans, any other form of financing
that is no longer financed or refinanced by the
net proceeds, and/or any such loans or any
other form of financing which cease to be
Eligible Green Assets, as soon as practicable

8

once an appropriate substitution option has
been identified. The Issuer will monitor the use
of the net proceeds of the Notes via its internal
information systems.
For the avoidance of doubt, payment of principal
and interest in respect of the Notes will be made
from general funds of the Issuer and will not be
directly or indirectly linked to the performance of
Eligible Green Assets.
"Eligible Green Assets" means any existing, on-
going and/or future loans or any other form of
financing from Eligible Sectors selected by the
Issuer, which meet the Eligibility Criteria, all in
accordance with the BNP Paribas Green Bond
Framework.
Eligible Sectors means the following sectors (all
as more fully described in the BNP Paribas
Green Bond Framework):
· Renewable Energies
· Energy Efficiency
· Mass and Public Transportation
· Water Management and Water Treatment
· Recycling
For the avoidance of doubt, the following
sectors are excluded from the BNP Paribas
Green Bond Framework: defence and security,
palm oil, wood pulp, nuclear power generation,
coal-fired power generation, unconventional oil
and gas, mining and tobacco.
"Eligibility Criteria" means the criteria with which
any loan or any other form of financing should
comply, at any time, in order to be considered
as an Eligible Green Asset (as such criteria may
be amended, from time to time, by the Issuer,
subject to external review by third parties, as the
case may be, as per the BNP Paribas Green
Bond Framework). As part of the application of
the Eligibility Criteria, the Issuer will assess the
potential environmental, social and governance
risks of the relevant assets, in line with its
framework for managing such risks, including
specific risk assessment tools and the Equator
Principles. The selection of the Eligible Green
Assets in accordance with the Eligibility Criteria
will then be verified by external third parties, as
per the BNP Paribas Green Bond Framework.
As long as any Notes are outstanding, the
Issuer is expected to provide a report, at least
annually, on (i) the Eligible Green Assets
financed or refinanced by the net proceeds and
their relevant environmental impact indicators,
(ii) the allocation of the net proceeds of the

9

Notes to Eligible Green Assets detailing the
aggregate amount dedicated to each of the
Eligible Sectors and (iii) the balance of
unallocated cash and/or cash equivalent and/or
other liquid marketable instruments still held by
the Issuer, as further described in the BNP
Paribas Green Bond Framework. The report will
be published by the Issuer on
https://invest.bnpparibas.com/en/green-bond-
issues.
Pursuant to the BNP Paribas Green Bond
Framework, a second party opinion has been
obtained from an appropriate second party
opinion provider and the Issuer has mandated
an appropriate external independent auditor to
provide an assurance report. The opinion and
assurance report are available on
https://invest.bnpparibas.com/en/green-bond-
issues.
5.
Fixed Rate Notes only  Yield

Indication of yield:
0.536 per cent. per annum up to the Optional
Redemption Date

The yield is calculated at the Issue Date on the
basis of the Issue Price. It is not an indication of
future yield
5.
Floating Rate Notes only Historic Interest Rates
Details of historic 3 month EURIBOR rates can be obtained from Bloomberg.
6.
Operational Information

(i)
ISIN:
FR0013465358
(ii)
Common Code:
208927922
(iii)
Any clearing system(s) other than
Not applicable
Euroclear France, Euroclear and
Clearstream, Luxembourg approved
by the Issuer and the Principal
Paying Agent and the relevant
identification number(s):
(iv)
Delivery:
Delivery against payment
(v)
Additional Paying Agent(s) (if any):
Not applicable

10