Obligation BNP Paribas SA 0.625% ( FR0014000UL9 ) en EUR

BNP Paribas SA

100 % ▲

France

FR0014000UL9 ( en EUR )

0.625% par an ( paiement annuel )

03/12/2032

Prospectus brochure de l'obligation BNP Paribas FR0014000UL9 en EUR 0.625%, échéance 03/12/2032

100 000 EUR

1 650 000 000 EUR

03/12/2025 ( Dans 194 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 FR0014000UL9, paye un coupon de 0.625% par an.
Le paiement des coupons est annuel et la maturité de l'Obligation est le 03/12/2032

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");
(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 2 March 2021
BNP PARIBAS
(incorporated in France)
(the Issuer)
Legal entity identifier (LEI): R0MUWSFPU8MPRO8K5P83
Issue of EUR 150,000,000 Fixed Rate Senior Non Preferred Notes due 3 December 2032, to be
assimilated (assimilées) and form a single series with the existing 1,500,000,000 Fixed Rate
Senior Non Preferred Notes due 3 December 2032 issued on 3 December 2020
ISIN Code: FR0014000UL9
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:
23 February 2021
(ii)
Series Number:
19392

Tranche Number:
2

The Notes will be assimilated (assimilées) and form a
single series with the existing 1,500,000,000 Fixed
Rate Senior Non Preferred Notes due 3 December
2032 issued by the Issuer on 3 December 2020 (the
Existing Notes) as from the date of assimilation
which is expected to be on or about forty (40) days
after the Issue Date.
3.
Specified Currency:
EUR
4.
Aggregate Nominal Amount:

Series:
EUR 1,650,000,000

Tranche:
EUR 150,000,000
5.
Issue Price of Tranche:
97.846 per cent. of the Aggregate Nominal Amount of
the Tranche plus accrued interest equal to an
aggregate amount of 233,732.88 corresponding to
the
interest
accrued
from
the
Interest
Commencement Date to but excluding the Issue
Date.
6.
Minimum Trading Size:
Not applicable
7.
(i)
Specified Denomination:
EUR 100,000

Calculation Amount:
EUR 100,000
8.
(i)
Issue Date:
4 March 2021

Interest Commencement
3 December 2020
Date:
9.
(i)
Maturity Date:
3 December 2032
(ii)
Business Day Convention Following
for Maturity Date:

3

10.
Form of Notes:
Bearer
11.
Interest Basis:
0.625 per cent. Fixed Rate per annum.
(further particulars specified below)
12.
Coupon Switch:
Not applicable
13.
Redemption/Payment Basis:
Redemption at par

14.
Change of Interest Basis or
Not applicable
Redemption/Payment Basis:

15.
Put/Call Options:
Not applicable
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):
Annually

Interest Period End
3 December in each year, starting from and including
Date(s):
3 December 2021 to and including the Maturity Date

Business Day Convention
Not applicable
for Interest Period End
Date(s):

Interest Payment Date(s):
3 December in each year, starting from and including
3 December 2021 to and including the Maturity Date

Business Day Convention
Following
for Interest Payment
Date(s):

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

Margin(s):
Not applicable

Minimum Interest Rate:
Not applicable

Maximum Interest Rate:
Not applicable

Day Count Fraction:
Actual/Actual ICMA, unadjusted

Determination Dates:
3 December in each year

Accrual to Redemption:
Applicable

4

Rate of Interest:
Fixed Rate

Coupon Rate:
Not applicable
24.
Fixed Rate Provisions:
Applicable

Fixed Rate of Interest:
0.625 per cent. per annum payable annually in arrear
on each Interest Payment Date starting from 3
December 2021

Fixed Coupon Amount(s):
EUR 625 per Calculation Amount

Broken Amount(s):
Not applicable

Resettable Notes:
Not applicable
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
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:
Not applicable
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:

5

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:
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

6

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):
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):
Co-Lead Managers
Nordea Bank Abp
OP Corporate Bank plc

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 Retail Prohibition of Sales to EEA Retail Investors:
Investors:
Applicable
Prohibition of Sales to UK Retail Investors:
Applicable
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.

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.
The Existing Notes are already admitted to
trading on Euronext Paris.
(ii)
Estimate of total expenses
EUR 8,600
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).
According to Moody's' definitions, obligations
rated Baa are judged to be medium-grade and
subject to moderate credit risk and as such may
possess certain speculative characteristics. The
modifier 1 indicates that the obligation ranks in
the higher end of its generic rating category.
According to S&P's definitions, an obligation
rated 'A' is somewhat more susceptible to the
adverse effects of changes in circumstances and
economic conditions than obligations in higher-
rated categories. However, the obligor's capacity
to meet its financial commitments on the
obligation is still strong. The addition of a plus (+)
or minus (-) sign shows relative standing within
the rating categories.
According to Fitch's definitions, `A' ratings
denote expectations of low default risk. The
capacity for payment of financial commitments is
considered
strong.
This
capacity
may,
nevertheless, be more vulnerable to adverse
business or economic conditions than is the case
for higher ratings. The modifier "+" is appended
to denote relative status within major rating
categories.
According to DBRS' definitions, `A' rating means
good credit quality. The capacity for the payment
of financial obligations is substantial, but of

9

lesser credit quality than AA. May be vulnerable
to future events, but qualifying negative factors
are
considered
manageable.
All
rating
categories other than AAA and D also contain
subcategories (high) and (low).
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 146,732,732.88
5.
Operational Information

(i)
ISIN:
Permanent ISIN Code: FR0014000UL9
Temporary ISIN Code: FR0014002986
(ii)
Common Code:
Permanent Common Code: 226583971
Temporary Common Code: 230832692
(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
(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:
6.
Fixed Rate Notes only  Yield

Indication of yield:
0.818 per cent. per annum

10