Obligation BNP Paribas SA 0.5% ( FR0013532280 ) en EUR

BNP Paribas SA

94.2 % ▲

France

FR0013532280 ( en EUR )

0.5% par an ( paiement annuel )

31/08/2028

Prospectus brochure de l'obligation BNP Paribas FR0013532280 en EUR 0.5%, échéance 31/08/2028

01/09/2025 ( Dans 101 jours )

BNP Paribas est une banque internationale française, l'une des plus grandes d'Europe, offrant une large gamme de services financiers aux particuliers, entreprises et institutions.

L'Obligation émise par BNP Paribas SA ( France ) , en EUR, avec le code ISIN FR0013532280, paye un coupon de 0.5% par an.
Le paiement des coupons est annuel et la maturité de l'Obligation est le 31/08/2028

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 (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 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 28 August 2020
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 September
2028
ISIN Code: FR0013532280
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.

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 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
https://rates-
globalmarkets.bnpparibas.com/gm/Public/LegalDocs.aspx 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:
Not applicable
(ii)
Series Number:
19360

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:
99.296 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:
1 September 2020

Interest Commencement
Issue Date
Date:
9.
(i)
Maturity Date:
1 September 2028
(ii)
Business Day Convention Not applicable
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 + 0.950 per cent. Floating Rate
from and including the Optional Redemption Date to
but excluding the Maturity Date.
(further particulars specified below)

2

12.
Coupon Switch:
Not applicable
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
1 September in each year from and including 1
Date(s):
September 2021 to and including the Optional
Redemption Date, then 1 December 2027, 1 March
2028, 1 June 2028 and 1 September 2028

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):
1 September in each year from and including 1
September 2021 to and including the Optional
Redemption Date, then 1 December 2027, 1 March
2028, 1 June 2028 and 1 September 2028

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):
0.950 per cent. applicable to the Floating Rate in
respect of the Floating Rate Interest Period only

Minimum Interest Rate:
As per Conditions

3

Maximum Interest Rate:
Not applicable

4

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

Determination Dates:
1 September in each year from and including 1
September 2020 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:
34.
Fund Linked Interest Provisions:
Not applicable
35.
ETI Linked Interest Provisions:
Not applicable

5

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 1
Date(s):
September 2027
(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:

6

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:
66.
Masse (Condition 12 of the Terms Contractual representation of Noteholders/No Masse
and Conditions of the French Law shall apply.
Notes):

7

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 6,325
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")
- A+ by Fitch France S.A.S. ("Fitch") and
- A (High) by DBRS Ratings GmbH ("DBRS").
Moody's is established in the United Kingdom.
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:
The net proceeds will be used for the Issuer's
general financing purposes
(ii)
Estimated net proceeds:
EUR 989,960,000
5.
Fixed Rate Notes only  Yield
Indication of yield:
0.603 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
5.
Floating Rate Notes only Historic Interest Rates
Details of the performance of 3 month EURIBOR rates can be obtained, free of charge, from
Bloomberg.
6.
Operational Information
(i)
ISIN:
FR0013532280
(ii)
Common Code:
222566738
(iii)
Any clearing system(s) other than
Not applicable
Euroclear France, Euroclear and
Clearstream, Luxembourg
approved by the Issuer and the
9

Principal Paying Agent and the
relevant identification number(s):
(iv)
Delivery:
Delivery against payment
(v)
Additional Paying Agent(s) (if
Not applicable
any):
(vi)
Intended to be held in a manner
No. Whilst the designation is specified as "no"
which would allow Eurosystem
at the date of these Final Terms, should the
eligibility:
Eurosystem eligibility criteria be amended in
the future such that the Notes are capable of
meeting them the Notes may 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 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 Optional Redemption Date to
but excluding the Maturity Date, be calculated by
reference to 3 month EURIBOR, which is provided
by the European money market institute ("EMMI").
As at the date of these Final Terms, EMMI 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).

10