Obligation BNP Paribas SA 0.5% ( FR0014006NI7 ) en EUR

BNP Paribas SA

100 % ▲

France

FR0014006NI7 ( en EUR )

0.5% par an ( paiement annuel )

30/05/2028

Prospectus brochure de l'obligation BNP Paribas FR0014006NI7 en EUR 0.5%, échéance 30/05/2028

100 000 EUR

1 000 000 000 EUR

30/05/2025 ( Dans 7 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 FR0014006NI7, paye un coupon de 0.5% par an.
Le paiement des coupons est annuel et la maturité de l'Obligation est le 30/05/2028

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 (i ) 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 (i i) 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");
(i ) 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 (i i)
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 (i ) al 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.
UK MiFIR product governance / target market assessment Solely for the purposes of the
manufacturer's product approval process, the target market assessment in respect of the Notes, taking
into account the five categories referred to in item 18 of the Guidelines published by ESMA on 5
February 2018 (in accordance with the FCA's policy statement entitled "Brexit our approach to EU non-
legislative materials"), has led to the conclusion that: (i) the target market for the Notes is eligible
counterparties, as defined in the FCA Handbook Conduct of Business Sourcebook ("COBS") and
professional clients, as defined in Regulation (EU) No 600/2014 as it forms part of domestic law by
virtue of the EUWA ("UK MiFIR"). Any person subsequently offering, sel ing or recommending the Notes
(a "distributor") should take into consideration the manufacturer's target market assessment; however,
a distributor subject to the FCA Handbook Product Intervention and Product Governance Sourcebook
(the "UK MiFIR Product Governance Rules") is responsible for undertaking its own target market
assessment in respect of the Notes (by either adopting or refining the manufacturer's target market
assessment) and determining appropriate distribution channels.

1

Final Terms dated 26 November 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 May 2028
ISIN Code: FR0014006NI7
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 shal 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 2 July 2021 which received approval n° 21-273 from the Autorité des
marchés financiers ("AMF") on 2 July 2021 and each supplement to the Base Prospectus published
and approved 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 (i ) provides for any change to the Conditions of the
Notes such changes shal 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 (as amended, 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 for viewing on the AMF website (www.amf-france.org) and at
https://invest.bnpparibas/en/
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:
23 November 2021

Series Number:
19640

Tranche Number:
1
3.
Specified Currency:
Euro ("EUR")
4.
Aggregate Nominal Amount:

Series:
1,000,000,000

Tranche:
1,000,000,000
5.
Issue Price of Tranche:
99.359 per cent. of the Aggregate Nominal Amount
6.
Minimum Trading Size:
Not applicable
7.
(i)
Specified Denomination:
EUR 100,000
(i )
Calculation Amount:
EUR 100,000
8.
(i)
Issue Date:
30 November 2021

Interest Commencement
Issue Date
Date:
9.
(i)
Maturity Date:
30 May 2028
(i )
Business Day Convention Modified Fol owing
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 + 0.68 per cent. Floating Rate
from and including the Optional Redemption Date to
but excluding the Maturity Date.
(further particulars specified below)

3

12.
Coupon Switch:
Not applicable
13.
Redemption/Payment Basis:
Redemption at par
14.
Change of Interest Basis or
The initial Interest Basis shal be Fixed Rate until the
Redemption/Payment Basis:
Optional Redemption Date.
The Interest Basis subsequent to the Optional
Redemption Date shal 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
30 May in each year from and including 30 May 2022
Date(s):
to but excluding the Optional Redemption Date, then
30 August 2027, 30 November 2027, 28 February
2028 and 30 May 2028

Business Day Convention
Not applicable (with respect to the Fixed Rate Interest
for Interest Period End
Period)
Date(s):
Modified Fol owing (with respect to the Floating Rate
Interest Periods)

Interest Payment Date(s):
30 May in each year from and including 30 May 2022
to and including the Optional Redemption Date, then
30 August 2027, 30 November 2027, 28 February
2028 and 30 May 2028

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

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

Margin(s):
+ 0.68 per cent. per annum (applicable to the Floating
Rate Interest Periods)

Minimum Interest Rate:
As per Conditions

Maximum Interest Rate:
Not applicable

4

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

Determination Dates:
30 May in each year from and including 30 May 2022
to but excluding the Optional Redemption Date for the
Fixed Rate Interest Period only

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 annual y in arrear
on each Interest Payment Date during the Fixed Rate
Interest Period

Fixed Coupon Amount(s):
EUR 500.00 per Calculation Amount

Broken Amount(s):
EUR 247.95 per Calculation Amount, payable on the
Interest Payment Date falling on 30 May 2022
25.
Resettable Notes:
Not applicable
26.
Floating Rate Provisions:
Applicable from and including the Optional
Redemption Date to but excluding the Maturity Date
(the "Floating Rate Interest Periods")

Manner in which the Rate
Screen Rate Determination
of Interest and Interest
Amount is to be
determined:

Linear Interpolation:
Not applicable
27.
Screen Rate Determination:
Applicable

Reference Rate:
3 month EURIBOR

Interest
Determination Second TARGET2 Business Day prior to the start of
Date(s):
each Floating Rate Interest Period

Specified Time:
11:00 am, Brussels time

Relevant Screen Page:
Bloomberg page "EUR0003M"
28.
ISDA Determination:
Not applicable
29.
FBF Determination:
Not applicable
30.
Zero Coupon Provisions:
Not applicable
31.
Index Linked Interest Provisions:
Not applicable
32.
Share Linked/ETI Share Linked
Not applicable
Interest Provisions:
33.
Inflation Linked Interest Provisions: Not applicable
34.
Commodity Linked Interest
Not applicable
Provisions:
35.
Fund Linked Interest Provisions:
Not applicable

5

36.
ETI Linked Interest Provisions:
Not applicable
37.
Foreign Exchange (FX) Rate
Not applicable
Linked Interest Provisions:
38.
Underlying Interest Rate Linked
Not applicable
Interest Provisions:
39.
Additional Business Centre(s)
TARGET2
(Condition 3(f) of the Terms and
Conditions of the English Law
Notes or Condition 3(f) of the
Terms and Conditions of the
French Law Notes, as the case
may be):
PROVISIONS RELATING TO REDEMPTION
40.
Final Redemption:
Calculation Amount x 100 per cent.
41.
Final Payout:
Not applicable
42.
Automatic Early Redemption:
Not applicable
43.
Issuer Call Option:
Applicable

Optional Redemption
The Interest Payment Date falling on or about 30 May
Date(s):
2027

Optional Redemption
Not applicable
Valuation Date(s):

Optional Redemption
Calculation Amount x 100 per cent.
Amount(s):

If redeemable in part:

(a)
Minimum
Not applicable
Redemption
Amount:
(b)
Higher
Not applicable
Redemption
Amount:

Notice period:
Minimum notice period: 30 calendar days

Maximum notice period: 45 calendar days
44.
Noteholder Put Option:
Not applicable
45.
Aggregation:
Not applicable
46.
Index Linked Redemption Amount: Not applicable
47.
Share Linked/ETI Share Linked
Not applicable
Redemption Amount:
48.
Inflation Linked Redemption
Not applicable
Amount:
49.
Commodity Linked Redemption
Not applicable
Amount:
50.
Fund Linked Redemption Amount:
Not applicable

51.
Credit Linked Notes:
Not applicable

6

52.
ETI Linked Redemption Amount:
Not applicable
53.
Foreign Exchange (FX) Rate
Not applicable
Linked Redemption Amount:
54.
Underlying Interest Rate Linked
Not applicable
Redemption Amount:
55.
Events of Default for Senior Not applicable
Preferred Notes:
56.
Administrator/Benchmark Event:
Not applicable
57.
Early Redemption Amount(s):
Article 45b2(b) BRRD: Not applicable
Final Redemption Amount
58.
Provisions applicable to Physical
Not applicable
Delivery:
59.
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:
60.
CNY Payment Disruption Event:
Not applicable
GENERAL PROVISIONS APPLICABLE TO THE NOTES
61.
Form of Notes:
Bearer Notes:
New Global Note:
No

Dematerialised Notes

Bearer dematerialised form (au porteur)
62.
Financial Centre(s) or other special TARGET2
provisions relating to Payment
Days for the purposes of
Condition 4(a):
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
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:
65.
Details relating to Notes
Not applicable
redeemable in instalments: amount
of each instalment, date on which
each payment is to be made:

7

66.
Redenomination, renominalisation Not applicable
and reconventioning provisions:
67.
Masse (Condition 12 of the Terms Contractual representation of Noteholders/No Masse
and Conditions of the French Law shal apply.
Notes):
68.
Governing law:
French law
69.
Calculation Agent:
BNP Paribas
DISTRIBUTION

70.
(i)
If syndicated, names of
Lead Manager
Managers (specifying Lead
Manager):
BNP Paribas
Joint Lead Managers
ABN AMRO Bank N.V.
Banco Bilbao Vizcaya Argentaria, S.A.
CaixaBank, S.A.
Danske Bank A/S
Nordea Bank Abp
Skandinaviska Enskilda Banken AB (publ)
Swedbank AB (publ)
Co-Manager
DNB Bank ASA

Stabilisation Manager (if
BNP Paribas
any):

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

Prohibition of Sales to UK Retail Investors:
Applicable
74.
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
Application wil be made by the Issuer (or on its
trading:
behalf) for the Notes to be admitted to trading on
Euronext Paris with effect from or on 30 November
2021.
(i )
Estimate of total expenses EUR 6,400
related to admission to
trading:
2.
Ratings

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

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 stil 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 lesser credit
quality than AA. The Issuer may be vulnerable to
future events, but qualifying negative factors are
considered manageable. Al rating categories other
than AAA and D also contain subcategories (high)
and (low).

Each of S&P, Fitch and DBRS Morningstar is
established in the European Union and is registered
under Regulation (EC) No. 1060/2009 (as amended)

10