Obbligazione BNP Paribas SA 0.875% ( FR0012300754 ) in EUR

BNP Paribas SA

100 EUR ⇌

Francia

FR0012300754 ( in EUR )

0.875% per anno ( pagato 1 volta l'anno)

14/11/2024 - Obbligazione è scaduto

Prospetto opuscolo dell'obbligazione BNP Paribas FR0012300754 in EUR 0.875%, scaduta

BNP Paribas è una banca multinazionale francese, tra le più grandi al mondo per capitalizzazione di mercato, attiva nel settore bancario al dettaglio, nella gestione patrimoniale e nelle attività di investimento.

The Obbligazione issued by BNP Paribas SA ( France ) , in EUR, with the ISIN code FR0012300754, pays a coupon of 0.875% per year.
The coupons are paid 1 time per year and the Obbligazione maturity is 14/11/2024

FINAL TERMS
Final Terms dated 12 November 2014
BNP PARIBAS HOME LOAN SFH
Issue of 500,000,000 0.875 per cent Covered Bonds due 14 November 2024
under the 35,000,000,000
Covered Bond Programme
Issue Price: 98.844 per cent.
Joint Lead Managers
ABN AMRO
BNP Paribas
Erste Group
Nykredit Markets
Santander Global Banking & Markets
Swedbank AB
Co-Lead Manager
TD Securities

WS0101.19950594.1

2.
PART A CONTRACTUAL TERMS
Terms used herein shall be deemed to be defined as such for the purposes of the terms and conditions
(the "Conditions") set forth in the Base Prospectus dated 15 July 2014 which received visa No. 14-
407 from the Autorité des marchés financiers (the "AMF") on 15 July 2014 and the supplement to the
Base Prospectus dated 16 October 2014 which received visa No. 14-558 from the AMF on
16 October 2014, which together constitute a base prospectus for the purposes of article 5.4 of the
Directive 2003/71/EC of the European Parliament and of the Council of 4 November 2003, as
amended by Directive 2010/73/UE (the "Prospectus Directive").
This document constitutes the Final Terms of the Covered Bonds described herein for the purposes of
article 5.4 of the Prospectus Directive and must be read in conjunction with such Base Prospectus as
so supplemented. Full information on the Issuer and the Covered Bonds is only available on the basis
of the combination of these Final Terms and the Base Prospectus as so supplemented. The Base
Prospectus, the supplement to the Base Prospectus and these Final Terms are available for viewing on
the websites of BNP Paribas (www.invest.bnpparibas.com/ - heading BNP Paribas Debt) and of the
AMF (www.amf-france.org), and during normal business hours at the registered office of the Issuer
and at the specified office of the Paying Agent(s) where copies may be obtained.
1.
Issuer:
BNP Paribas Home Loan SFH
2.
(i)
Series Number:
76
(ii)
Tranche Number:
1
3.
Specified Currency or Currencies:
Euro ("")
4.
Aggregate Nominal Amount of Covered
Bonds:
(i)
Series:
500,000,000
(ii)
Tranche:
500,000,000
5.
Issue Price:
98.844 per cent. of the Aggregate Nominal
Amount
6.
Specified Denominations:
1,000
7.
(i)
Issue Date:
14 November 2014
(ii)
Interest Commencement Date:
Issue Date
8.
Final Maturity Date:
14 November 2024
9
Extended Final Maturity Date:
Not Applicable
10.
Interest Basis:
0.875 per cent. Fixed Rate
(further particulars specified below)
11.
Redemption/Payment Basis:
Redemption at par
(further particulars specified below)
12.
Change of Interest Basis:
Not Applicable
13.
Put/Call Options:
Not Applicable
WS0101.19950594.1

3.
14.
Date of the Board of Directors (Conseil
d'administration) of the Issuer authorising
the issuance of Covered Bonds:
Authorisation of the Board of Directors
(Conseil d'administration) dated 30 July 2014.
Authorisation of the Chief Executive Officer
(Directeur Général) dated 12 November 2014.
PROVISIONS RELATING TO INTEREST (IF ANY) PAYABLE
15.
Fixed Rate Covered Bond Provisions:
Applicable
(i)
Rate of Interest:
0.875 per cent. per annum payable in arrear on
each Interest Payment Date
(ii)
Interest Payment Date(s):
14 November in each year commencing on
14 November 2015 (subject to the Following
Business Day Convention for payment
purposes only)
(iii)
Fixed Coupon Amount(s):
8.750 per 1,000 in Specified Denomination
(iv)
Broken Amount(s):
Not Applicable
(v)
Day Count Fraction:
Actual/Actual-ICMA
(vi)
Determination Dates:
14 November in each year
16.
Floating Rate Covered Bond Provisions:
Not Applicable
PROVISIONS RELATING TO REDEMPTION
17.
Call Option:
Not Applicable
18.
Put Option:
Not Applicable
19.
Final Redemption Amount of each Covered
Bond:
Specified Denomination
20.
Early Redemption Amount:
Early Redemption Amount(s) of each Covered
Bond payable on redemption for taxation
reasons (Condition (7(e)), Illegality (Condition
7(f)) or on event of default (Condition 10):
Condition 7(d) (i) applies
GENERAL PROVISIONS APPLICABLE TO THE COVERED BONDS
21.
Form of Covered Bonds:
Dematerialised Covered Bonds
(i)
Form of Dematerialised Covered Bearer form (au porteur)
Bonds:
(ii)
Registration Agent:
Not Applicable
(iii)
Temporary Global Certificate:
Not Applicable
22.
Financial Centre(s) or other special
provisions relating to payment dates for the TARGET Business Day
WS0101.19950594.1

5.
PART B OTHER INFORMATION
1. LISTING AND ADMISSION TO TRADING
(i)
Listing:
Euronext Paris
(ii) (a) Admission to trading:
Application has been made by the Issuer (or on its behalf) for the
Covered Bonds to be admitted to trading on Euronext Paris with
effect from 14 November 2014.
(b) Regulated Markets or equivalent
markets on which, to the knowledge of
the Issuer, securities of the same class of
the Covered Bonds to be admitted to
trading are already admitted to trading:
Luxembourg Stock Exchange
(iii) Estimate of total expenses related to
admission to trading:
11,450 (including the AMF fees)
(iv) Additional publication of Base Not Applicable
Prospectus and Final Terms:
2. RATINGS
Ratings:
The Covered Bonds to be issued are expected to be rated:
S & P: AAA
Fitch: AAA
Each such credit agency is established in the European Union,
registered under Regulation (EC) No 1060/2009 of the European
Parliament and of the Council dated 16 September 2009, as
amended, and included in the list of registered credit rating
angencies published at the website of the European Securities
and
Markets
Authority
(www.esma.europa.eu/page/List-
registered-and-certified-CRAs).
3. SPECIFIC CONTROLLER
The specific controller (contrôleur spécifique) of the Issuer has certified that the value of the assets of the
Issuer will be greater than the value of its liabilities benefiting from the privilège defined in Article L. 513-
11 of the French Monetary and Financial Code (Code monétaire et financier), after settlement of this issue.
The specific controller (contrôleur spécifique) shall deliver to the Issuer (i) for each quarter a certificate
relating to the borrowing programme for the relevant quarter and, (ii) in case of issue of Covered Bonds
equals or exceeds Euro 500,000,000 or its equivalent in any other currency, a certificate relating to such an
issue.
For this issue, the specific controller has delivered a certificate relating to an issue of Covered Bonds that
equals or exceeds Euro 500,000,000 or its equivalent in other currency.
4. INTERESTS OF NATURAL AND LEGAL PERSONS INVOLVED IN THE ISSUE
Save for any fees payable to the Managers, so far as the Issuer is aware, no person involved in the issue of
the Covered Bonds has an interest material to the issue. The Managers and their affiliates have engaged, and
may in the future engage, in investment banking and/or commercial banking transactions with, and may
perform other services for, the Issuer and its affiliates in the ordinary course of business.
WS0101.19950594.1

6.
5. REASONS FOR THE OFFER, ESTIMATED NET PROCEEDS AND TOTAL EXPENSES
(i) Reasons for the offer:
The net proceeds of the issue of Covered Bonds will be used to fund
the Borrower Advances that the Issuer (as Lender) will make
available to BNP Paribas (as Borrower) under the Borrower Facility
Agreement. Such net proceeds may also fund the purchase by the
Issuer in the future of eligible assets other than the Borrower
Advances and the Home Loan Receivables provided that such
assets are eligible to the Issuer pursuant to the SFH Legal
Framework.
(ii) Estimated net proceeds:
492,595,000.00
(iii) Estimated total expenses:
See item 1(iii) above
6. YIELD - FIXED RATE COVERED BONDS ONLY
Indication of yield:
0.997 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.
7. OPERATIONAL INFORMATION
ISIN Code:
FR0012300754
Common Code:
113564172
Depositaries:
(i) Euroclear France to act as Central Yes
Depositary
(ii) Common Depositary for Euroclear Bank
and Clearstream Banking, société anonyme
No
Any clearing system(s) other than Euroclear
Bank S.A./N.V. and Clearstream Banking,
société anonyme and the relevant identification Not Applicable
number(s):
Delivery:
Delivery against payment
Names and addresses of initial Paying Agent:
BNP Paribas Securities Services
(affiliated with Euroclear France under number 29106)
Les Grands Moulin de Pantin
9, rue du Débarcadère
93500 Pantin
France
Names and addresses of additional Paying
Agent(s) (if any):
Not Applicable
WS0101.19950594.1

7.
8. DISTRIBUTION
Method of distribution:
Syndicated
(i)
If syndicated:
(A) Names and addresses of Managers Joint Lead Managers
and
underwriting ABN AMRO Bank N.V.
commitments/quotas:
Address: Gustav Mahlerlaan 10, 1082 PP
Amsterdam, The Netherlands
Underwriting commitment: 80,833,333
Banco Santander, S.A.
Address: Cuidad Grupo Santander, Edificio
Encinar, Avenida de Cantabria s/n, 28660,
Boadilla del Monte, Madrid, Spain
Underwriting commitment: 80,833,334
BNP Paribas
Address: 10 Harewood Avenue, London
NW1 6AA, England
Underwriting commitment: 80,833,334
Erste Group Bank AG
Address: Graben 21, 1010 Vienna, Austria
Underwriting commitment: 80,833,333
Nykredit Bank A/S
Address: Kalvebod Brygge 1-3, DK-1780
Copenhagen V
Underwriting commitment: 80,833,333
Swedbank AB
Address: SE-105 34 Stockholm
Underwriting commitment: 80,833,333
Co-Lead Manager
The Toronto-Dominion Bank
Address: 60 Threadneedle Street, London
EC2R 8AP, England
Underwriting commitment: 15,000,000
(B) Date of Subscription Agreement:
12 November 2014
(C)Stabilising Manager(s) (if any):
BNP Paribas
(ii)
If non-syndicated, name of Dealer:
Not Applicable
(iii)
Indication of the overall amount of 0.325 per cent of the Aggregate Nominal
the underwriting commission and Amount
WS0101.19950594.1

8.
of the placing commission:
(iv)
U.S. selling restrictions:
The Issuer is Category 2 for the purposes
of Regulation S under the United States
Securities Act of 1933, as amended.
TEFRA not Applicable
WS0101.19950594.1

9.
ANNEX - ISSUE SPECIFIC SUMMARY
Section A Introduction and warnings
A.1 General
This summary should be read as an introduction to the Base Prospectus and is
disclaimer
provided as an aid to investors when considering whether to invest in any Covered
regarding the
Bonds, but is not a substitute for the Base Prospectus. Any decision to invest in
summary
the Covered Bonds should be based on a consideration of the Base Prospectus as a
whole by the investor, including any documents incorporated by reference, any
supplement thereto, as the case may be, and the relevant final terms (the "Final
Terms"). Where a claim relating to information contained in this Base Prospectus
is brought before a court in a member state of the European Economic Area (a
"Member State"), the plaintiff investor, might, under the national legislation of
the Member State where the claim is brought, have to bear the costs of translating
this Base Prospectus before the legal proceedings are initiated.
Civil liability attaches only to those persons who have tabled the summary,
including any translation thereof, but only if the summary is misleading,
inaccurate or inconsistent when read together with the other parts of the Base
Prospectus or it does not provide, when read together with the other parts of the
Base Prospectus, key information (as defined in Article 2.1(s) of the Prospectus
Directive) in order to aid investors when considering whether to invest in the
Covered Bonds.
A.2 Information
Not applicable. There is no consent given by the Issuer to use the Base Prospectus,
regarding
as supplemented from time to time, and of the applicable Final Terms (together, the
consent
by
"Prospectus").
the Issuer to
the use of the
Prospectus
Section B Issuer
B.1
Legal
and
BNP Paribas Home Loan SFH (the "Issuer").
commercial
name of the
Isssuer
B.2
Registered
BNP Paribas Home Loan SFH, a limited liability company (société anonyme)
office/ Legal
incorporated under French law and a duly licensed in France as specialised credit
form/
institution (établissement de crédit spécialisé) with the status of société de
Legislation/
financement de l'habitat delivered by the Autorité de contrôle prudentiel et de
Country
of
résolution .
incorporation
The Issuer is governed by the laws and regulations applicable to limited liability
companies (sociétés anonymes), to specialized credit institutions (établissements
de crédit spécialisés) and in particular to sociétés de financement de l'habitat.
The Issuer's registered office is at 1, boulevard Haussmann - 75009 Paris - France.
B.4b Description of
The measures that were recently adopted that have or are likely to affect the Issuer,
any
known
include
trends
in particular :
affecting the
Issuer and the
-
the Ordinance no. 2013-544 dated 27 June 2013 relating to credit
industries in
institutions and financing companies (Sociétés de financement) which came into
which
it
force on 1 January 2014. In particular, as a result of such entry into force on 1st
operates
January 2014, the Issuer became a specialised credit institution (établissement de
crédit spécialisé) as from 1st January 2014. Such entry into force has not changed
the content of the specific legal regime applicable to sociétés de financement de
l'habitat. However, as a specialised credit institution (établissement de crédit
spécialisé), the Issuer now conducts an activity of receiving funds from the public
WS0101.19950594.1

10.
(réception de fonds remboursables du public). Such a new activity will be
conducted by issuing French law Covered Bonds with a denomination of less than
100,000, which may be considered by French law as an activity of receiving
funds from the public (réception de fonds remboursables du public); and
-
change in the French SFH legal framework : the Decree n°2014-526 dated
23 May 2014 and the Arrêté dated 26 May 2014 of the French Monetary and
Financial Code (Code monétaire et financier) relating to improvment of prudential
framework which in particular reinforce the minimum overcolleralisation ratio
from 102% to 105% and limit exposure on the parent company.
B.5
Description of
At the date of the Base Prospectus, the Issuer is an entirely owned subsidiary of
the
Issuer's
BNP Paribas.
Group
and
BNP Paribas is a European leading provider of banking and financial services and
the
Issuer's
has four domestic retail banking markets in Europe, namely in Belgium, France,
position
Italy and Luxembourg. It is present in 75 countries and has almost 185,000
within
the
employees, including over 141,000 in Europe. BNP Paribas is the parent company
Group
of the BNP Paribas Group.
On June 30, 2014 the Bank entered into a comprehensive settlement that included
agreements with and orders issued by U.S. federal and New York state government
agencies and regulatory authorities comprising the U.S. Department of Justice, the
New York County District Attorney's Office, the U.S. Attorney's Office for the
Southern District of New York, the Board of Governors of the Federal Reserve
System, the Office of Foreign Assets Control of the U.S. Department of the
Treasury and the New York State Department of Financial Services, in settlement
of investigations into violations of U.S. laws and regulations regarding economic
sanctions.
The fines and penalties imposed on the Bank as part of this settlement include,
among other things, the payment of monetary penalties totaling approximately
$8.97 billion (6.6 billion), guilty pleas by BNP Paribas S.A., the parent company
of the BNP Paribas group, to charges of having violated U.S. federal criminal law
(conspiracy to violate the Trading with the Enemy Act and the International
Emergency Economic Powers Act) and New York State criminal law (conspiracy
and falsifying business records), and the suspension of the New York branch of
BNP Paribas for (a) a one-year period (2015) of the USD direct clearing focused
mainly on the Oil & Gas Energy and Commodity Finance business line in certain
locations and (b) a two-year period of U.S. dollar clearing as a correspondent bank
for unaffiliated third party banks in New York and London.
Following the settlement, the Bank expects its banking licenses to be maintained
where it operates (although this settlement could provide the basis for a regulator
to rescind a license), and has received confirmations or assurances in this regard
from its principal regulators. The Bank expects that the settlement will have no
impact on its operational or business capabilities to serve the vast majority of its
clients. There can be no assurance, however, that unanticipated collateral
consequences of the settlement will not adversely affect its business. Such
unanticipated collateral consequences include the possibility that clients, counter-
parties and other persons or entities with whom the Bank does business may
choose to limit their future business with the Bank. It also includes for some
limited activities, in particular in the United States, the possibility that an authority
may refuse to grant the Bank a waiver needed to pursue a specific activity, or may
withdraw an authorization to conduct a specific activity. Similarly, the Bank
cannot be certain that the suspension of U.S. dollar clearing in respect of certain of
its business lines will not lead to a loss of business.
B.9
Profit
Not Applicable. The Issuer does not provide any figure of profit forecast or
forecast
or
estimate.
estimate
B.10 Qualifications
Not applicable. There are no qualifications in any audit report on the historical
in
the
financial information included in the Base Prospectus.
auditors'
report
B.12 Selected
Comparative Annual Financial Data (in EUR)
historical key
financial
information
Income Statement
31/12/2013
31/12/2012
Net banking income
2,441,122
2,098,909
WS0101.19950594.1