Obbligazione BNP Paribas SA 2.375% ( FR0013381704 ) in EUR

BNP Paribas SA

99.52 EUR ▲

Francia

FR0013381704 ( in EUR )

2.375% per anno ( pagato 1 volta l'anno)

19/11/2030

Prospetto opuscolo dell'obbligazione BNP Paribas FR0013381704 en EUR 2.375%, scadenza 19/11/2030

20/11/2025 ( In 181 giorni )

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 FR0013381704, pays a coupon of 2.375% per year.
The coupons are paid 1 time per year and the Obbligazione maturity is 19/11/2030

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 to eligible
counterparties and professional clients 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, subject to the
distributor's suitability and appropriateness obligations under MiFID II, as applicable.

Final Terms dated 16 November 2018
BNP PARIBAS
(incorporated in France)
(the Issuer)
Legal entity identifier (LEI): R0MUWSFPU8MPRO8K5P83

Issue of 500,000,000 Subordinated Fixed Rate Resettable Tier 2 Notes due November 2030
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 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.
Neither the Issuer nor any Dealer has authorised, nor do they authorise, the making of any offer of
Notes in any other circumstances.

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 2018 which received visa n° 18-288 from the Autorité des marchés
financiers ("AMF") on 5 July 2018 and the supplements to the Base Prospectus dated 6 August 2018
and 9 November 2018 which together constitute a base prospectus for the purposes of the Directive
2003/71/EC, as amended (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 the supplements to
the Base Prospectus (in each case, together with any documents incorporated therein by reference)
are available for viewing at, and copies may be obtained from, BNP Paribas Securities Services,
Luxembourg Branch (in its capacity as Principal Paying Agent), 60, avenue J.F. Kennedy, L-1855
Luxembourg and (save in respect of the Final Terms) on the Issuer's website
(www.invest.bnpparibas.com). The Base Prospectus, these Final Terms and the supplements 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 the supplements 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:
18939
(ii)
Tranche Number:
1
3.
Specified Currency:
Euro ("EUR" or "")
4.
Aggregate Nominal Amount:

(i)
Series:
500,000,000
(ii)
Tranche:
500,000,000
5.
Issue Price of Tranche:
99.358 per cent. of the Aggregate Nominal Amount
6.
Minimum Trading Size:
Not applicable
7.
(i)
Specified Denomination:
100,000
(ii)
Calculation Amount:
100,000
8.
(i)
Issue Date and Interest
20 November 2018
Commencement Date:
(ii)
Interest Commencement
Not applicable
Date (if different from the
Issue Date):
9.
(i)
Maturity Date:
20 November 2030
(ii)
Business Day Convention Not applicable
for Maturity Date:
10.
Form of Notes:
Bearer
11.
Interest Basis:
Fixed Rate (Resettable):
Initial Rate of Interest: 2.375 per cent. per annum
(further particulars specified below)
12.
Coupon Switch:
Not applicable
13.
Redemption/Payment Basis:
Redemption at par

2

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:
Subordinated
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 Periods:
From and including the Interest Commencement Date
to but excluding the Interest Payment Date falling on
or about 20 November 2019. Thereafter, from and
including each Interest Payment Date to but excluding
the following the following Interest Payment Date, up
to the Maturity Date
(ii)
Interest Period End Dates:
20 November in each year from and including
20 November 2019 to and including the Maturity Date
(iii)
Business Day Convention
Not applicable
for Interest Period End
Dates:
(iv)
Interest Payment Dates:
20 November in each year from and including
20 November 2019 to and including the Maturity Date
(v)
Business Day Convention
Following
for Interest Payment Dates:
(vi)
Party responsible for
Calculation Agent
calculating the Rates of
Interest and Interest
Amounts:
(vii)
Margin:
Not applicable
(viii)
Minimum Interest Rate:
0.00 per cent. per annum
(ix)
Maximum Interest Rate:
Not applicable
(x
)
Day Count Fraction:
Actual/Actual (ICMA), unadjusted
(xi)
Determination Dates:
20 November in each year
(xii)
Accrual to Redemption:
Applicable
(xiii)
Rate of Interest:
Fixed Rate (Resettable)
(xiv)
Coupon Rate:
Not applicable
24.
Fixed Rate Provisions:
Applicable
(i)
Fixed Rate of Interest:
See (iv) below
(ii)
Fixed Coupon Amounts:
2,375 per Calculation Amount (applicable prior to the
First Reset Date)

3

(iii)
Broken Amount:
Not applicable
(iv)
Resettable Notes:
Applicable
(a)
Initial Rate of
2.375 per cent. per annum from and including the
Interest:
Interest Commencement Date to but excluding the
First Reset Date, payable annually in arrear on each
Interest Payment Date up to (and including) the First
Reset Date.
From (and including) the First Reset Date to (but
excluding) the Maturity Date, the Notes will bear
interest at a rate equal to (i) the 5-year EUR Mid-Swap
Rate prevailing at the First Reset Date plus (ii) the
First Margin, payable annually in arrear on each
Interest Payment Date from (but excluding) the First
Reset Date.
(b)
First Margin:
+ 1.85 per cent. per annum
(c)
Subsequent Margin:
Not applicable
(d)
First Reset Date:
The Interest Payment Date falling on or about 20
November 2025
(e)
Second Reset Date:
Not applicable
(f)
Subsequent Reset Not applicable
Date:
(g)
Relevant
Screen Bloomberg Page ICAE1
Page:
(h)
Mid-Swap Rate:
Single Mid-Swap Rate

Initial Mid-Swap Rate Final Fallback: Applicable

Initial Mid-Swap Rate: EUR 7-year Mid-swap: 0.626
per cent.
(i)
Mid-Swap Maturity:
5-year
(j)
Reset
The day falling two Target2 Business Days prior to the
Determination Date:
First Reset Date
(k)
Relevant Time:
11:00 a.m. (Paris 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

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 French Law
Notes):
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:
The Interest Payment Date falling on or about 20
November 2025
(ii)
Optional Redemption
Not applicable
Valuation Date:
(iii)
Optional Redemption
Calculation Amount x 100 per cent.
Amount:
(iv)
If redeemable in part:
Not applicable
(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:
Not applicable
53.
Underlying Interest Rate Linked
Redemption Amount:
54.
Events
of
Default
for
Senior Not applicable
Preferred Notes:
55.
Administrator/Benchmark Event:
Not applicable

5

56.
Early Redemption Amount:
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 in
settlement:
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

Bearer dematerialised form (au porteur)
61.
Financial Centres or other special
TARGET2
provisions relating to Payment Days
for the purposes of Condition 4(a):
62.
Identification information of Holders:
Applicable
63.
Talons for future Coupons or
No
Receipts to be attached to definitive
Notes (and dates on which such
Talons mature):
64.
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:
65.
Details relating to Notes redeemable
Not applicable
in instalments: amount of each

instalment, date on which each
payment is to be made:
66.
Redenomination,
renominalisation Not applicable
and reconventioning provisions:
67.
Masse (Condition 12 of the Terms Contractual representation of Noteholders/No Masse shall
and Conditions of the French Law apply.
Notes):
68.
Governing law:
French law
69.
Calculation Agent:
BNP Paribas Securities Services
DISTRIBUTION

70.
(i)
If syndicated, names of
Sole Bookrunner
Managers and underwriting
BNP Paribas
commitments/quotas

6

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
trading:
behalf) for the Notes to be admitted to trading on
Euronext Paris.
(ii)
Estimate of total expenses
13,500 (including the AMF expenses)
related to admission to
trading:
2.
Ratings

Ratings:
The Notes to be issued are expected to be rated:
- BBB+ by S&P Global Ratings Europe Limited
("S&P"),
- Baa2 by Moody's Investors Service Ltd ("Moody's"),
- A by Fitch France S.A.S. ("Fitch"), and
- A (high) by DBRS Limited ("DBRS").

Each of S&P, Moody's, 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.
Fixed Rate Notes only  Yield

Indication of yield:
2.476 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.
5.
Operational Information

(i)
ISIN:
FR0013381704
(ii)
Common Code:
191163257
(iii)
Any clearing system other
Not applicable
than Euroclear France,
Euroclear and Clearstream,
Luxembourg approved by
the Issuer and the Principal
Paying Agent and the
relevant identification
number:
(iv)
Delivery:
Delivery against payment
(v)
Additional Paying Agent (if
Not applicable
any):
(vi)
Intended to be held in a
No. Whilst the designation is specified as "no" at the
manner which would allow
date of these Final Terms, should the Eurosystem
Eurosystem eligibility:
eligibility criteria be amended in the future such that
the Notes are capable of meeting them the Notes may

8

then be 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
Not applicable
Registration Agent:

9