Obbligazione BNP Paribas SA 0.5% ( FR0014001JT3 ) in EUR

BNP Paribas SA

90.33 EUR ▲

Francia

FR0014001JT3 ( in EUR )

0.5% per anno ( pagato 1 volta l'anno)

18/01/2030

Prospetto opuscolo dell'obbligazione BNP Paribas FR0014001JT3 en EUR 0.5%, scadenza 18/01/2030

19/01/2026 ( In 241 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 FR0014001JT3, pays a coupon of 0.5% per year.
The coupons are paid 1 time per year and the Obbligazione maturity is 18/01/2030

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");
or (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 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.

1

Final Terms dated 15 January 2021
BNP PARIBAS
(incorporated in France)
(the Issuer)
Legal entity identifier (LEI): R0MUWSFPU8MPRO8K5P83
Issue of EUR 1,000,000,000 Fixed to Floating Rate Senior Non Preferred Notes
due January 2030
ISIN Code: FR0014001JT3
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 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 3 July 2020 which received approval n° 20-314 from the Autorité des
marchés financiers ("AMF") on 3 July 2020 and any supplements to the Base Prospectus approved and
published 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
(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, any
Supplement(s) to the Base Prospectus and these Final Terms are available on the AMF website
(www.amf-france.org) and these Final Terms will be available for viewing on the website of Euronext
Paris. The Base Prospectus, any Supplement(s) to the Base Prospectus and these Final Terms are
available for viewing at www.invest.bnpparibas.com 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:
12 January 2021
(ii)
Series Number:
19409

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

Series:
EUR 1,000,000,000

Tranche:
EUR 1,000,000,000
5.
Issue Price of Tranche:
99.672 per cent. of the Aggregate Nominal Amount
6.
Minimum Trading Size:
EUR 100,000
7.
(i)
Specified Denomination:
EUR 100,000

Calculation Amount:
EUR 100,000
8.
(i)
Issue Date:
19 January 2021

Interest Commencement
Issue Date
Date:
9.
(i)
Maturity Date:
19 January 2030
(ii)
Business Day Convention Following
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 + 0.83 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

3

13.
Redemption/Payment Basis:
Redemption at par

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

Interest Period(s):
As per Conditions

Interest Period End
19 January in each year from and including 19
Date(s):
January 2022 to but excluding the Optional
Redemption Date, then 19 April 2029, 19 July 2029,
19 October 2029 and 19 January 2030

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)

Interest Payment Date(s):
19 January in each year from and including 19
January 2022 to and including the Optional
Redemption Date, then 19 April 2029, 19 July 2029,
19 October 2029 and 19 January 2030

Business Day Convention
Following (with respect to the Fixed Rate Interest
for Interest Payment
Period)
Date(s):
Modified Following (with respect to the Floating Rate
Interest Period)

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

Margin(s):
0.83 per cent. applicable to the Floating Rate
Provisions in respect of the Floating Rate Interest
Period only

Minimum Interest Rate:
As per Conditions

4

Maximum Interest Rate:
Not applicable

Day Count Fraction:
Actual/Actual ICMA (applicable to the Fixed Rate
Interest Period)
Actual/360 (applicable to the Floating Rate Interest
Period)

Determination Dates:
19 January in each year from and including 19
January 2021 for the Fixed Rate Interest Period

Accrual to Redemption:
Applicable

Rate of Interest:
Fixed Rate to Floating Rate

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)

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

Fixed Coupon Amount(s):
EUR 500 per Calculation Amount

Broken Amount(s):
Not applicable

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
Screen Rate Determination
of 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 "EUR0003M"
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:

5

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)
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
The Interest Payment Date falling on or about 19
Date(s):
January 2029
(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

6

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
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
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:

7

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

DISTRIBUTION

69.
(i)
If syndicated, names of
Lead Manager
Managers (specifying Lead
BNP Paribas
Manager):
Joint Lead Managers
ABN AMRO Bank N.V.
CaixaBank, S.A.
Erste Group Bank AG
Raiffeisen Bank International AG
Swedbank AB (publ)
Co-Managers
Banca Akros S.p.A. Gruppo Banco BPM
DNB Bank ASA
KBC Bank NV
OP Corporate Bank plc
Svenska Handelsbanken AB (publ)
The Governor and Company of the Bank of Ireland

Stabilisation Manager (if
BNP Paribas
any):

If non-syndicated, name of
Not applicable
relevant Dealer:
70.
U.S. Selling Restrictions:
Reg. S Compliance Category 2; TEFRA Not
applicable
71.
Non exempt Offer:
Not applicable
72.
Prohibition of Sales to EEA and UK Applicable
Retail Investors:
73.
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.

8

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
EUR 6,950
related to admission to trading:
2.
Ratings

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

Moody's, S&P, Fitch and DBRS are established
in the European Union. Each of Moody's, S&P,
Fitch and DBRS 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 and Estimated Net Proceeds

(i)
Reasons for the offer:
See "Use of Proceeds" wording in the Base
Prospectus
(ii)
Estimated net proceeds:
EUR 993,570,000
5.
Fixed Rate Notes only  Yield

Indication of yield:
0.542 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
6.
Floating Rate Notes only Historic Interest Rates
Details of the performance of 3 month EURIBOR rates can be obtained from Bloomberg.
7.
Operational Information

(i)
ISIN:
FR0014001JT3
(ii)
Common Code:
228895342
(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):

10