Bond BNP Paribas Obligations 4.095% ( FR001400NV51 ) in EUR

BNP Paribas Obligations

100 % ▲

France

FR001400NV51 ( in EUR )

4.095% per year ( payment 1 time a year)

13/02/2034

Prospectus brochure of the bond BNP Paribas Bonds FR001400NV51 en EUR 4.095%, maturity 13/02/2034

13/02/2027 ( In 344 days )

BNP Paribas Bonds refers to a range of fixed income securities issued by BNP Paribas, encompassing various maturities, currencies, and credit ratings, offering investors diverse investment opportunities within the bond market.

The Bond issued by BNP Paribas Obligations ( France ) , in EUR, with the ISIN code FR001400NV51, pays a coupon of 4.095% per year.
The coupons are paid 1 time per year and the Bond maturity is 13/02/2034

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 European Economic Area (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 (EU) 2016/97 (as amended, the "Insurance
Distribution 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 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.
PROHIBITION OF SALES TO 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 United Kingdom ("UK"). For these purposes, a retail investor means a person who is one (or more) of:
(i) a retail client, as defined in point (8) of Article 2 of Regulation (EU) No 2017/565 as it forms part of UK
domestic law by virtue of the European Union (Withdrawal) Act 2018 ("EUWA"); (ii) a customer within the
meaning of the provisions of the Financial Services and Markets Act 2000, as amended (the "FSMA") and any
rules or regulations made under the FSMA to implement Directive (EU) 2016/97, where that customer would
not qualify as a professional client, as defined in point (8) of Article 2(1) of Regulation (EU) No 600/2014 as it
forms part of UK domestic law by virtue of the EUWA; or (iii) not a qualified investor as defined in Article 2 of
Regulation (EU) 2017/1129 as it forms part of UK domestic law by virtue of the EUWA. Consequently, no key
information document required by Regulation (EU) No 1286/2014 as it forms part of UK domestic law by virtue
of the EUWA (the "UK PRIIPs Regulation") for offering or selling the Notes or otherwise making them available
to retail investors in the UK has been prepared and therefore offering or selling the Notes or otherwise making
them available to any retail investor in the UK may be unlawful under the UK 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 19 of the Guidelines published by ESMA on 3 August 2023, 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.
UK MiFIR product governance / target market assessment Solely for the purposes of the manufacturer's
product approval process, the target market assessment in respect of the Notes, taking into account the five
categories referred to in item 18 of the Guidelines published by ESMA on 5 February 2018 (in accordance with
the FCA's policy statement entitled "Brexit our approach to EU non-legislative materials"), has led to the
conclusion that: (i) the target market for the Notes is eligible counterparties, as defined in the FCA Handbook
Conduct of Business Sourcebook ("COBS") and professional clients, as defined in Regulation (EU) No
600/2014 as it forms part of domestic law by virtue of the EUWA ("UK MiFIR"); 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 manufacturer's target market assessment; however, a
distributor subject to the FCA Handbook Product Intervention and Product Governance Sourcebook (the "UK
MiFIR Product Governance Rules") is responsible for undertaking its own target market assessment in
respect of the Notes (by either adopting or refining the manufacturer's target market assessment) and
determining appropriate distribution channels.
1

Final Terms dated 9 February 2023
BNP PARIBAS
(incorporated in France)
(the Issuer)
Legal entity identifier (LEI): R0MUWSFPU8MPRO8K5P83
Issue of EUR 1,500,000,000 Fixed Rate Senior Non Preferred Notes due 13 February 2034
ISIN Code: FR001400NV51
under the 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
Regulation or to supplement a prospectus pursuant to Article 23 of the Prospectus Regulation, in each case,
in relation to such offer.
2

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 30 June 2023 which received approval n° 23-268 from the Autorité des marchés financiers
("AMF") on 30 June 2023 and each supplement to the Base Prospectus published and approved on or before
the date of these Final Terms (copies of which are available as described below) (the "Supplements")
(provided that to the extent any such Supplement (i) is published and approved after the date of these Final
Terms and (ii) provides for any change to the Conditions of the Notes such changes shall have no effect with
respect to the Conditions of the Notes to which these Final Terms relate) which together constitute a base
prospectus for the purposes of Regulation (EU) 2017/1129 (as amended, the "Prospectus Regulation") (the
"Base Prospectus"). This document constitutes the Final Terms of the Notes described herein for the
purposes of the Prospectus Regulation and must be read in conjunction with the Base Prospectus to obtain
all relevant information. The Base Prospectus and any Supplement(s) to the Base Prospectus and these
Final Terms are available for viewing at https://invest.bnpparibas/en/search/debt/documents and on
the AMF website (www.amf-france.org) and copies may be obtained free of charge at the specified
office of the Principal Paying Agent.
1.
Issuer:
BNP Paribas
2.
(i)
Trade Date:
6 February 2024
Series Number:
20114
Tranche Number:
1
3.
Specified Currency:
Euro ("EUR")
4.
Aggregate Nominal Amount:
Series:
1,500,000,000
Tranche:
1,500,000,000
5.
Issue Price of Tranche:
100.00 per cent. of the Aggregate Nominal Amount
6.
Minimum Trading Size:
Not applicable
7.
(i)
Specified Denomination:
EUR 100,000
Calculation Amount:
EUR 100,000
8.
(i)
Issue Date:
13 February 2024
Interest Commencement Date: Issue Date
9.
(i)
Maturity Date:
13 February 2034
Business Day Convention for
Maturity Date:
Following
10.
Form of Notes:
Bearer
11.
Interest Basis:
4.095 per cent. per annum Fixed Rate
(further particulars specified below)
12.
Coupon Switch:
Not applicable
13.
Redemption/Payment Basis:
Redemption at par
14.
Change of Interest Basis or
Redemption/Payment Basis:
Not applicable
15.
Put/Call Options:
Not applicable
16.
Exchange Rate:
Not applicable
17.
Status of the Notes:
Senior Non Preferred
MREL/TLAC Criteria Event: Not applicable
3

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 Date(s):
13 February in each year, from and including 13 February
2025 to and including the Maturity Date
Business Day Convention for
Interest Period End Date(s):
Not applicable
Interest Payment Date(s):
13 February in each year, from and including 13 February
2025 to and including the Maturity Date
Business Day Convention for
Interest Payment Date(s):
Following
Party
responsible
for
calculating the Rate(s) of
Interest
and
Interest
Amount(s):
Calculation Agent
Margin(s):
Not applicable
Minimum Interest Rate:
Not applicable
Maximum Interest Rate:
Not applicable
Day Count Fraction:
Actual/Actual ICMA, unadjusted
Determination Dates:
13 February in each year
Accrual to Redemption:
Applicable
Rate of Interest:
Fixed Rate
Coupon Rate:
Not applicable
24.
Fixed Rate Provisions:
Applicable
Fixed Rate of Interest:
4.095 per cent. per annum payable annually in arrear on
each Interest Payment Date
Fixed Coupon Amount(s):
EUR 4,095 per Calculation Amount
Broken Amount(s):
Not applicable
25.
Resettable Notes:
Not applicable
26.
Floating Rate Provisions:
Not applicable
27.
Screen Rate Determination:
Not applicable
28.
ISDA Determination:
Not applicable
29.
FBF Determination:
Not applicable
30.
Zero Coupon Provisions:
Not applicable
31.
Index Linked Interest Provisions:
Not applicable
4

32.
Share Linked/ETI Share Linked
Interest Provisions:
Not applicable
33.
Inflation Linked Interest Provisions:
Not applicable
34.
Commodity Linked Interest Provisions: Not applicable
35.
Fund Linked Interest Provisions:
Not applicable
36.
ETI Linked Interest Provisions:
Not applicable
37.
Foreign Exchange (FX) Rate Linked Not applicable
Interest Provisions:
38.
Underlying Interest Rate Linked Not applicable
Interest Provisions:
39.
Additional
Business
Centre(s)
(Condition 3(f) of the Terms and
Conditions of the English Law Notes or
Condition 3(f) of the Terms and
Conditions of the French Law Notes, as
the case may be):
T2
PROVISIONS RELATING TO REDEMPTION
40.
Final Redemption:
Calculation Amount x 100 per cent.
41.
Final Payout:
Not applicable
42.
Automatic Early Redemption:
Not applicable
43.
Issuer Call Option:
Not applicable
44.
Issuer Clean-Up Call:
Not applicable
45.
Noteholder Put Option:
Not applicable
46.
Aggregation:
Not applicable
47.
Index Linked Redemption Amount:
Not applicable
48.
Share Linked/ETI Share Linked Not applicable
Redemption Amount:
49.
Inflation Linked Redemption Amount:
Not applicable
50.
Commodity
Linked
Redemption Not applicable
Amount:
51.
Fund Linked Redemption Amount:
Not applicable
52.
Credit Linked Notes:
Not applicable
53.
ETI Linked Redemption Amount:
Not applicable
54.
Foreign Exchange (FX) Rate Linked Not applicable
Redemption Amount:
55.
Underlying Interest Rate Linked Not applicable
Redemption Amount:
56.
Events of Default for Senior Preferred Not applicable
Notes:
57.
Administrator/Benchmark Event:
Not applicable
58.
Early Redemption Amount(s):
Article 45b2(b) BRRD: Not applicable
Final Redemption Amount
59.
Provisions applicable to Physical
Delivery:
Not applicable
5

60.
Variation of Settlement:
Issuer's option to vary The Issuer does not have the option to vary settlement in
settlement:
respect of the Notes.
Variation of Settlement of
Physical Delivery Notes:
Not applicable
61.
CNY Payment Disruption Event:
Not applicable
GENERAL PROVISIONS APPLICABLE TO THE NOTES
62.
Form of Notes:
Bearer Notes:
New Global Note:
No
Dematerialised Notes
Bearer dematerialised form (au porteur)
63.
Financial Centre(s) or other special
provisions relating to Payment Days for
the purposes of Condition 4(a):
T2
64.
Talons for future Coupons or Receipts
to be attached to definitive Notes (and
dates on which such Talons mature):
No
65.
Details relating to Partly Paid 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:
Not applicable
66.
Details relating to Notes redeemable in
instalments:
amount
of
each
instalment, date on which each
payment is to be made:
Not applicable
67.
Redenomination, renominalisation and
reconventioning provisions:
Not applicable
68.
Masse (Condition 12 of the Terms and Contractual representation of Noteholders/No Masse
Conditions of the French Law Notes):
shall apply.
69.
Governing law:
French law
70.
Calculation Agent:
BNP Paribas
DISTRIBUTION
71.
(i)
If syndicated, names of Lead Manager
Managers (specifying Lead BNP Paribas
Manager):
Joint Lead Managers
Banco Santander, S.A.
Bayerische Landesbank
Mediobanca-Banca di Credito Finanziario S.p.A.
UniCredit Bank GmbH
Co-Lead Managers
6

Banca Akros S.p.A.
DNB Bank ASA
KBC Bank NV
La Banque Postale
OP Corporate Bank plc
Stabilisation Manager (if any):
BNP Paribas
If non-syndicated, name of
relevant Dealer:
Not applicable
72.
U.S. Selling Restrictions:
Reg. S Compliance Category 2; TEFRA Not applicable
73.
Non-Exempt Offer:
Not applicable
74.
Prohibition of Sales to Retail Investors: Prohibition of Sales to EEA Retail Investors:
Applicable
Prohibition of Sales to UK Retail Investors:
Applicable
75.
United States Tax Considerations
The Notes are not Specified Securities for the purpose of
Section 871(m) of the U.S. Internal Revenue Code of
1986.
7

RESPONSIBILITY
The Issuer accepts responsibility for the information contained in these Final Terms.
Signed on behalf of the Issuer:
By: ____________________________
Duly authorised
8

PART B OTHER INFORMATION
1.
Listing and Admission to trading
(i)
Listing and admission to Application will be made by the Issuer (or on its behalf)
trading:
for the Notes to be admitted to trading on Euronext Paris
with effect from/on or around 13 February 2024.
(ii)
Estimate of total expenses
related to admission to trading: EUR 10,130
2.
Ratings
Ratings:
The Notes to be issued are expected to be rated:
- Baa1 by Moody's Deutschland GmbH, Frankfurt am
Main ("Moody's"),
- A- by S&P Global Ratings Europe Limited ("S&P")
- A+ by Fitch Ratings Ireland Limited ("Fitch") and
- A (High) by DBRS Ratings GmbH ("DBRS").
According to Moody's' definitions, obligations rated Baa
are judged to be medium-grade and subject to moderate
credit risk and as such may possess certain speculative
characteristics. The modifier 1 indicates that the
obligation ranks in the higher end of its generic rating
category.
According to S&P's definitions, an obligation rated 'A' is
somewhat more susceptible to the adverse effects of
changes in circumstances and economic conditions than
obligations in higher-rated categories. However, the
obligor's capacity to meet its financial commitments on
the obligation is still strong. The addition of a plus (+) or
minus (-) sign shows relative standing within the rating
categories.
According to Fitch's definitions, `A' ratings denote
expectations of low default risk. The capacity for payment
of financial commitments is considered strong. This
capacity may, nevertheless, be more vulnerable to
adverse business or economic conditions than is the case
for higher ratings. The modifier "+" is appended to denote
relative status within major rating categories.
According to DBRS' definitions, `A' rating means good
credit quality. The capacity for the payment of financial
obligations is substantial, but of lesser credit quality than
AA. The Issuer may be vulnerable to future events, but
qualifying negative factors are considered manageable.
All rating categories other than AAA and D also contain
subcategories (high) and (low).
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) (the "CRA
Regulation").
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.
9

4.
Reasons for the Offer and Estimated Net Proceeds
(i)
Reasons for the offer:
See "Use of Proceeds" section in the Base Prospectus
(ii)
Estimated net proceeds:
EUR 1,494,750,000
5.
Operational Information
(i)
ISIN:
FR001400NV51
(ii)
Common Code:
276555413
(iii)
CFI:
DTFUFB
(iv)
FISN:
BNP PARIBAS/4.095 MTN 20340213
(v)
Any clearing system(s) other
than
Euroclear
France
Euroclear and Clearstream,
Luxembourg approved by the
Issuer and the Principal Paying
Agent and the relevant
identification number(s):
Not applicable
(vi)
Delivery:
Delivery against payment
(vii)
Additional Paying Agent(s) (if Not applicable
any):
(viii)
Intended to be held in a Yes. Note that the designation "yes" simply means that
manner which would allow the Notes are intended to be issued with a central bank
Eurosystem eligibility:
or an eligible securities settlement system and does not
necessarily mean that the Notes will be recognised as
eligible collateral for Eurosystem monetary policy and
intraday credit operations by the Eurosystem either upon
issue or at any or all times during their life. Such
recognition will depend upon the ECB being satisfied that
Eurosystem eligibility criteria have been met.
(ix)
Name and
address of
Registration Agent:
Not applicable
6.
Fixed Rate Notes only Yield
Indication of yield:
4.095 per cent. per annum
The yield is calculated at the Issue Date on the basis of
the Issue Price. It is not an indication of future yield.
10