Obligation BNP Paribas SA 0.375% ( FR00140005J1 ) en EUR

BNP Paribas SA

97.08 % ▲

France

FR00140005J1 ( en EUR )

0.375% par an ( paiement annuel )

13/10/2027

Prospectus brochure de l'obligation BNP Paribas FR00140005J1 en EUR 0.375%, échéance 13/10/2027

14/10/2025 ( Dans 144 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 BNP Paribas (FR00140005J1), émise en France, affiche actuellement un prix de marché de 95,33% de sa valeur nominale, avec un taux d'intérêt de 0,375% et une maturité fixée au 13 octobre 2027, payée annuellement en EUR.

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 12 October 2020
BNP PARIBAS
(incorporated in France)
(the Issuer)
Legal entity identifier (LEI): R0MUWSFPU8MPRO8K5P83
Issue of EUR 750,000,000 Fixed to Floating Rate Senior Non Preferred Notes due October 2027
ISIN Code: FR00140005J1
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:
7 October 2020
(ii)
Series Number:
19374

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

Series:
EUR 750,000,000

Tranche:
EUR 750,000,000
5.
Issue Price of Tranche:
99.781 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:
14 October 2020

Interest Commencement
Issue Date
Date:
9.
(i)
Maturity Date:
14 October 2027
(ii)
Business Day Convention Following
for Maturity Date:
10.
Form of Notes:
Bearer
11.
Interest Basis:
0.375 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 + 0.80 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
14 October in each year from and including 14
Date(s):
October 2021 to but excluding the Optional
Redemption Date, then 14 January 2027, 14 April
2027, 14 July 2027 and 14 October 2027

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):
14 October in each year from and including 14
October 2021 to and including the Optional
Redemption Date, then 14 January 2027, 14 April
2027, 14 July 2027 and 14 October 2027

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):
0.80 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

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

Determination Dates:
14 October in each year from and including 14
October 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:
0.375 per cent. per annum payable annually in arrear
on each Interest Payment Date during the Fixed Rate
Interest Period

Fixed Coupon Amount(s):
EUR 375 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:

4

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 14
Date(s):
October 2026
(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

5

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:

6

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 5,700
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 Limited ("DBRS").

Moody's and DBRS are established in the United
Kingdom. S&P and Fitch 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 of the issue of the Notes will be
allocated or reallocated from time to time to the
financing and/or refinancing, in whole or in part, of
Eligible Green Assets as defined below and further
described in the BNP Paribas Green Bond
Framework dated September 2020 available on
https://invest.bnpparibas.com/en/green-bond-
issues, as may be amended from time to time by
the Issuer (the "BNP Paribas Green Bond
Framework").
Pending the allocation or reallocation, as the case
may be, of the net proceeds of the Notes to Eligible
Green Assets, the Issuer will invest the balance of
the net proceeds, at its own discretion, in cash
and/or cash equivalent and/or other liquid
marketable instruments. The Issuer will use its
best efforts to substitute any redeemed loans, any
other form of financing that is no longer financed
or refinanced by the net proceeds, and/or any such
loans or any other form of financing which cease
to be Eligible Green Assets, as soon as practicable
once an appropriate substitution option has been
identified, as long as Green Bond issues are
outstanding. The Issuer will monitor the use of the

8

net proceeds of the Notes via its internal
information systems.
For the avoidance of doubt, payment of principal
and interest in respect of the Notes will be made
from general funds of the Issuer and will not be
directly or indirectly linked to the performance of
Eligible Green Assets.
"Eligible Green Assets" means any existing, on-
going and/or future loans or any other form of
financing from Eligible Categories selected by the
Issuer, which meet the Eligibility Criteria, all in
accordance with the BNP Paribas Green Bond
Framework.
Eligible Categories means the following categories
(all as more fully described in the BNP Paribas
Green Bond Framework):
· Renewable Energy
· Energy Efficiency
· Green buildings
· Transportation
· Water Management and Water Treatment
· Pollution prevention and control
For the avoidance of doubt, the following sectors
are excluded from the BNP Paribas Green Bond
Framework: defence and security, palm oil, wood
pulp, nuclear power generation, coal-fired power
generation, unconventional oil and gas, mining
and tobacco.
"Eligibility Criteria" means the criteria with which
any loan or any other form of financing should
comply, at any time, in order to be considered as
an Eligible Green Asset (as such criteria may be
amended, from time to time, by the Issuer, subject
to external review by third parties, as the case may
be, as per the BNP Paribas Green Bond
Framework). As part of the application of the
Eligibility Criteria, the Issuer will assess the
potential environmental, social and governance
risks of the relevant assets, in line with its
framework for managing such risks, including
specific risk assessment tools and the Equator
Principles. The selection of the Eligible Green
Assets in accordance with the Eligibility Criteria will
then be verified by external third parties, as per the
BNP Paribas Green Bond Framework.
As long as any Notes are outstanding, the Issuer
is expected to provide a report, at least annually,
on (i) the Eligible Green Assets financed or
refinanced by the net proceeds and their relevant
environmental impact indicators, (ii) the allocation
of the net proceeds of the Notes to Eligible Green
Assets detailing the aggregate amount dedicated

9

to each of the Eligible Categories and (iii) the
balance of unallocated cash and/or cash
equivalent and/or other liquid marketable
instruments still held by the Issuer, as further
described in the BNP Paribas Green Bond
Framework. The report will be published by the
Issuer on https://invest.bnpparibas.com/en/green-
bond-issues and the Issuer has mandated an
appropriate external independent auditor to
provide an assurance report on this report.
Pursuant to the BNP Paribas Green Bond
Framework, a second party opinion has been
obtained from an appropriate second party opinion
provider to assess the sustainability of its Green
Bond Framework and to confirm its alignment with
the ICMA Green Bond Principles. This Second
Party Opinion on the Green Bond Framework will
be published as and when BNP Paribas
Framework is updated. For the avoidance of
doubt, Green Asset Categories not reviewed by an
independent second party opinion provider, either
in whole or in part, would require an updated
version of the Second Party Opinion on the Green
Bond Framework before their insertion in BNP
Paribas' single common pool of Eligible Green
Assets. On an annual basis, an independent
second party opinion provider will also provide a
verification of the compliance of all the new Eligible
Green assets added within the course of the year.
The opinion and assurance report are available on
https://invest.bnpparibas.com/en/green-bond-
issues.
(ii)
Estimated net proceeds:
EUR 746,295,000
5.
Fixed Rate Notes only  Yield

Indication of yield:
0.412 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:
FR00140005J1
(ii)
Common Code:
224366582
(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):
(iv)
Delivery:
Delivery against payment

10