Bond BNP Paribas SA 1.302% ( FR0013514783 ) in JPY

BNP Paribas SA

100 % ⇌

France

FR0013514783 ( in JPY )

1.302% per year ( payment 1 time a year)

28/05/2026

Prospectus brochure of the bond BNP Paribas FR0013514783 en JPY 1.302%, maturity 28/05/2026

100 000 000 JPY

50 000 000 000 JPY

28/05/2026 ( In 278 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 ?50,000,000,000 bond (ISIN: FR0013514783) in JPY with a 1.302% coupon, maturing on May 28, 2026, trading at 100% of par value, minimum purchase size ?100,000,000, paying annually.

FINAL TERMS
PROHIBITION OF SALES TO EEA AND UK 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 European Economic Area (the EEA) or in the United Kingdom (the
UK). 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 Regulation (EU) 2017/1129. 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 or in the UK has been prepared and therefore offering or selling the Notes or otherwise making
them available to any retail investor in the EEA or in the UK 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 26 May 2020
BNP PARIBAS
(incorporated in France)
(the Issuer)
Legal entity identifier (LEI): R0MUWSFPU8MPRO8K5P83
Issue of JPY 50,000,000,000 Fixed Rate Resettable Senior Non Preferred Notes due May 2026
ISIN Code: FR0013514783
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 and any Supplement(s) to the Base Prospectus will also be available on the AMF website
(www.amf-france.org). 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:
19289

Tranche Number:
1
3.
Specified Currency:
JPY
4.
Aggregate Nominal Amount:

Series:
JPY 50,000,000,000

Tranche:
JPY 50,000,000,000
5.
Issue Price of Tranche:
100.00 per cent. of the Aggregate Nominal Amount
6.
Minimum Trading Size:
Not applicable
7.
(i)
Specified Denomination:
JPY 100,000,000

Calculation Amount:
JPY 100,000,000
8.
(i)
Issue Date:
28 May 2020

Interest Commencement
Issue Date
Date:
9.
(i)
Maturity Date:
28 May 2026
(ii)
Business Day Convention Not applicable
for Maturity Date:
10.
Form of Notes:
Bearer
11.
Interest Basis:
1.302 per cent. per annum Fixed Rate (Resettable).
(further particulars specified below)
12.
Coupon Switch:
Not applicable
13.
Redemption/Payment Basis:
Redemption at par
14.
Change of Interest Basis or
Not applicable
Redemption/Payment Basis:
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

2

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

Interest Period(s):
As per Conditions

Interest Period End
28 May and 28 November in each year from and
Date(s):
including 28 November 2020 to and including the
Maturity Date

Business Day Convention
Modified Following
for Interest Period End
Date(s):

Interest Payment Date(s):
28 May and 28 November in each year from and
including 28 November 2020 to and including the
Maturity Date

Business Day Convention
Modified Following
for Interest Payment
Date(s):

Party responsible for
Calculation Agent
calculating the Rate(s) of
Interest and Interest
Amount(s):

Margin(s):
1.30 per cent. per annum

Minimum Interest Rate:
As per Conditions

Maximum Interest Rate:
Not applicable

Day Count Fraction:
30/360, Unadjusted (from and including the Interest
Commencement Date to but excluding the First Reset
Date)
Actual/360, Adjusted (from and including the First
Reset Date to but excluding the Maturity Date)

Determination Dates:
Not applicable

Accrual to Redemption:
Applicable

Rate of Interest:
Fixed Rate (Resettable)

Coupon Rate:
Not applicable
24.
Fixed Rate Provisions:
Applicable

Fixed Rate of Interest:
Resettable Notes

Fixed Coupon Amount(s):
JPY 651,000 per Calculation Amount

Broken Amount(s):
Not applicable

Resettable Notes:
Applicable

3

(a) Initial Rate of Interest:
1.302 per cent. per annum payable semi annually in
arrear
(b) First Margin:
+ 1.30 per cent. per annum
(c) Subsequent Margin:
Not applicable
(d) First Reset Date:
The Interest Payment Date falling on or about 28 May
2025
(e) Second Reset Date:
The Interest Payment Date falling on or about 28
November 2025
(f) Subsequent Reset Date(s): Not applicable
(g) Relevant Screen Page:
Reuters LIBOR01
(h) Mid-Swap Rate:
Single Mid-Swap Rate: 6 month JPY LIBOR
(i) Mid-Swap Maturity:
Six months
(j) Reset Determination Date:
Two London business day prior to the relevant Reset
Date
(k) Relevant Time:
11:00 am, London time
25.
Floating Rate Provisions:
Not applicable
26.
Screen Rate Determination:
Not applicable
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
36.
Foreign Exchange (FX) Rate
Not applicable
Linked Interest Provisions:
37.
Underlying Interest Rate Linked
Not applicable
Interest Provisions:
38.
Additional Business Centre(s)
Tokyo, New York, TARGET2 and London
(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

4

42.
Issuer Call Option:
Applicable
(i)
Optional Redemption
The First Reset Date
Date(s):
(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
Not applicable
Linked Redemption Amount:
53.
Underlying Interest Rate Linked
Not applicable
Redemption Amount:

54.
Events of Default for Senior Not applicable
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:

Issuer's option to vary
The Issuer does not have the option to vary settlement
settlement:
in respect of the Notes.

Variation of Settlement of
Not applicable
Physical Delivery Notes:
59.
CNY Payment Disruption Event:
Not applicable

5

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 Tokyo, New York, TARGET2 and London
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
Not applicable
Notes: 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
Not applicable
redeemable 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

DISTRIBUTION

69.
(i)
If syndicated, names of
Joint Lead Managers
Managers (specifying Lead
BNP Paribas
Manager):
MUFG Securities (Europe) N.V.
Nomura International plc
SMBC Nikko Capital Markets Limited

Stabilisation Manager (if
BNP Paribas
any):

If non-syndicated, name of
Not applicable
relevant Dealer:

6

PART B OTHER INFORMATION

1.
Listing and Admission to trading

(i)
Listing and admission to trading:
Not applicable
(ii)
Estimate of total expenses
Not applicable
related to admission to trading:
2.
Ratings

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

Moody's is established in the United Kingdom.
S&P and Fitch are established in the European
Union. Each of Moody's, S&P and Fitch 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.
Fixed Rate Notes only  Yield

Indication of yield:
1.302 per cent. per annum up to the First Reset
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
Not applicable
6.
Operational Information

(i)
ISIN:
FR0013514783
(ii)
Common Code:
218000878
(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
(vi)
Intended to be held in a manner
No. Whilst the designation is specified as
which would allow Eurosystem
"no" at the date of these Final Terms, should
eligibility:
the Eurosystem eligibility criteria be amended
in the future such that the Notes are capable
of meeting them the Notes may then be

8

deposited with one of the ICSDs as common
safe-keeper. Note that this does not
necessarily mean that the Notes will then be
recognised
as
eligible
collateral
for
Eurosystem monetary policy and intra day
credit operations by the Eurosystem at any
time during their life. Such recognition will
depend upon the ECB being satisfied that
Eurosystem eligibility criteria have been met.
(vii)
Name and address of Registration
Not applicable
Agent:
7.
EU Benchmarks Regulation
EU Benchmarks Regulation: Article Applicable: Amounts payable under the Notes will,
29(2) statement on benchmarks:
from and including the First Reset Date to but
excluding the Maturity Date, be calculated by
reference to 6 month JPY LIBOR, which is provided
by the ICE Benchmark Administration Limited
("ICE").
As at the date of these Final Terms, ICE is included
in the register of Administrators and Benchmarks
established and maintained by the European
Securities and Markets Authority pursuant to article
36 of the Benchmarks Regulation (Regulation (EU)
2016/1011).

9