Obligation BNP Paribas SA 3.8% ( US05581KAB70 ) en USD

BNP Paribas SA

100 % ▲

France

US05581KAB70 ( en USD )

3.8% par an ( paiement semestriel )

09/01/2024 - Obligation échue

Prospectus brochure de l'obligation BNP Paribas US05581KAB70 en USD 3.8%, échue

200 000 USD

1 750 000 000 USD

05581KAB7

A- ( Qualité moyenne supérieure )

Baa1 ( Qualité moyenne inférieure )

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 USD, avec le code ISIN US05581KAB70, paye un coupon de 3.8% par an.
Le paiement des coupons est semestriel et la maturité de l'Obligation est le 09/01/2024

L'Obligation émise par BNP Paribas SA ( France ) , en USD, avec le code ISIN US05581KAB70, a été notée Baa1 ( Qualité moyenne inférieure ) par l'agence de notation Moody's.

L'Obligation émise par BNP Paribas SA ( France ) , en USD, avec le code ISIN US05581KAB70, a été notée A- ( Qualité moyenne supérieure ) par l'agence de notation Standard & Poor's ( S&P ).

PRICING SUPPLEMENT (To supplement no. 1 to prospectus supplement dated December 9, 2016, prospectus supplement dated May 4, 2016, product supplement
dated June 5, 2015 and base prospectus dated May 13, 2015)

U.S.$1,750,000,000 Fixed Rate Senior Non Preferred Notes Due January 10, 2024

January 3, 2017

This Pricing Supplement should be read together with the accompanying product supplement dated June 5, 2015 ("Product Supplement"), supplement no. 1 to the
Prospectus Supplement (as defined below) dated December 9, 2016 ("Supplement No. 1"), prospectus supplement dated May 4, 2016 ("Prospectus Supplement") and
base prospectus dated May 13, 2015 ("Base Prospectus", and together with the Product Supplement, Supplement No. 1 and Prospectus Supplement, the "Base
Documents") and the documents incorporated by reference therein. Terms used in this Pricing Supplement are described or defined in the Base Documents. The Senior
Non Preferred Notes will have terms described in the Base Documents, as supplemented by this Pricing Supplement. If the terms described in this Pricing Supplement
are different or inconsistent with those described in the Base Documents, the terms described in this Pricing Supplement will supersede. Before you decide to invest we
urge you to read this Pricing Supplement together with the Base Documents, which can be accessed via the following uniform resource locator:
http://eqdpo.bnpparibas.com/USMTNPD.

Issuer: BNP Paribas
Type of Security: Senior Non Preferred Notes.
Expected Rating of the Senior Non Preferred Notes: Baa2/A-/A+/
Rate of Interest: 3.800%.
A(High)*
Benchmark: 2.250%, U.S. Treasury 2.250% due December 31, 2023
Principal Amount: $1,750,000,000.
Issue Yield: 3.850% per annum.
Issue Price: 99.696% or $1,744,680,000.
Issue Spread to Pricing Benchmark: 1.60%.
Net Proceeds: 99.321% or $1,738,117,500.
Interest Payment Date(s): January 10 and July 10 of each year, commencing on
Pricing Date: January 3, 2017.
July 10, 2017, and ending on the Maturity Date.
Issue Date: January 10, 2017.
Interest Calculation Period: The Interest Amount, if any, will be payable semi-
Maturity Date: January 10, 2024.
annually in arrears on each Interest Payment Date. The first Interest Calculation
Redemption Amount: 100% of the Principal Amount of the Senior Non
Period will begin on, and include January 10, 2017, and end on, but exclude, the first
Preferred Notes, plus accrued interest thereon.
Interest Payment Date. Subsequent Interest Calculation Periods will begin on, and
Redemption: The Issuer may at any time redeem the Senior Non Preferred
include, the most recent Interest Payment Date and end on, but exclude, the next
Notes in whole at their final redemption amount, together with accrued
succeeding Interest Payment Date.
interest, upon the occurrence of a Withholding Tax Event or Gross-Up Event
Regular Record Dates: With respect to each Interest Payment Date, the date that is
(subject to Condition 5(o) (Conditions to redemption prior to the Maturity
one Business Day prior to such Interest Payment Date, whether or not that Interest
Date or substitution and variation of Senior Non Preferred Notes)).
Payment Date is a Business Day; provided that for an Interest Payment Date that is
Call Option: None.
also the Maturity Date, the interest payable on that Interest Payment Date will be
Status: Senior Non Preferred. See "Additional Information" below.
payable to the person to whom the principal is payable.
Substitution and Variation of Senior Non Preferred Notes: Subject to
Statutory Write-Down or Conversion: By its acquisition of the Senior Non
having given notice to the Fiscal and Paying Agent and the Noteholders, if a
Preferred Notes, each Noteholder (which includes any current or future holder of a
MREL/TLAC Disqualification Event has occurred and is continuing, the
beneficial interest in the Notes) acknowledges, accepts, consents and agrees to be
Issuer may, at its option, but subject to Condition 5(o) (Conditions to
bound by the effect of the exercise of the Bail-In or Loss Absorption Power by a
redemption prior to the Maturity Date or substitution and variation of Senior
Relevant Resolution Authority.
Non Preferred Notes), substitute all (but not some only) of the Senior Non
Business Day Convention: Following.
Preferred Notes or vary the terms of all (but not some only) of the Senior
Day Count Fraction: 30/360, Unadjusted.
Non Preferred Notes without any requirement for the consent or approval of
Business Day: New York.
the Noteholders, so that they become or remain Qualifying Notes.
Lead Manager: BNP Paribas Securities Corp.
Waiver of Set-Off: No Noteholder may at any time exercise or claim (and
Senior Co-Lead Managers: HSBC Securities (USA) Inc.; ING Financial Markets
shall be deemed to have waived) any Set-Off Rights against any right, claim,
LLC; Santander Investment Securities Inc.; Standard Chartered Bank; TD Securities
or liability the Issuer has or may have or acquire against such Noteholder,
(USA) LLC; UniCredit Capital Markets LLC.
directly or indirectly, howsoever arising.
Co-Lead Managers: Citigroup Global Markets Inc.; Rabo Securities USA, Inc.;
No Events of Default: The terms of the Notes do not include events of
RBC Capital Markets, LLC; Scotia Capital (USA) Inc.
default. However Noteholders may cause the Notes to become due and
Calculation Agent: BNP Paribas Securities Corp.
payable, together with any accrued interest, in the event that an order is made
Denominations: $200,000 and integral multiples of U.S. $1,000 in excess thereof.
or an effective decision is passed for the liquidation (liquidation amiable ou
CUSIP: 144A: 05581KAB7; Reg S: 05581LAB5
liquidation judiciare) of the Issuer.
ISIN: 144A: US05581KAB70; Reg S: US05581LAB53
Type of Notes: Fixed Rate.
Series: 2407
* "Baa2" by Moody's Investors Service Ltd, "A-" by Standard and Poor's Ratings Group, "A+" by Fitch Ratings and "A(High)" by DBRS.
A rating (1) is subject to downward revision, suspension or withdrawal at any time by the assigning rating organization, (2) does not take into account market risk or
the performance-related risks of the investment, and (3) is not a recommendation to buy, sell or hold securities.
Certain Senior Co-Lead Managers and Co-Lead Managers may not be U.S. registered broker-dealers and therefore may not make sales of any notes in the United
States or to U.S. persons except in compliance with applicable U.S. laws and regulations. To the extent that any such Senior Co-Lead Manager or Co-Lead Manager
intends to effect sales of the Senior Non Preferred Notes in the United States, they will do so only through one or more U.S. registered broker-dealers or otherwise as
permitted by applicable U.S. law.
________________________________________________

The Issuer has not been registered under the Investment Company Act of 1940, as amended, and the Senior Non Preferred Notes have not been,
and will not be, registered under the Securities Act of 1933, as amended (the "Securities Act"), or the state securities laws of any state of the United States or
the securities laws of any other jurisdiction and are being offered only to qualified institutional buyers ("QIBs"), within the meaning of Rule 144A, pursuant
to the registration exemption under Rule 144A and outside the United States to non-"U.S. persons" in "offshore transactions" (as such terms are defined in
Rule 902 under the Securities Act) pursuant to Regulation S under the Securities Act.

Neither the Securities and Exchange Commission (the "SEC") nor any state securities commission has approved or disapproved of the Senior
Non Preferred Notes or determined that this Pricing Supplement is truthful or complete. Any representation to the contrary is a criminal offense. Under no

circumstances shall this Pricing Supplement constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these Notes, in any
jurisdiction in which such offer, solicitation or sale would be unlawful prior to qualification under the securities laws of any such jurisdiction.

The Senior Non Preferred Notes constitute unconditional liabilities of the Issuer. The Senior Non Preferred Notes are not insured or guaranteed
by the Federal Deposit Insurance Corporation or any other governmental agency or instrumentality.
__________________________
BNP PARIBAS

ADDITIONAL INFORMATION

You should read this Pricing Supplement together with the Base Documents.

This Pricing Supplement, together with the Base Documents, contains the terms of the Senior Non
Preferred Notes and supersedes all prior or contemporaneous oral statements as well as any other written materials
including preliminary or indicative pricing terms, correspondence, trade ideas, structures for implementation, sample
structures, brochures or other educational materials of ours. You should carefully consider, among other things, the
matters set forth in "Risk Factors" in the Base Documents (including, in particular, the Risk Factors included under
the heading "Risk Factors" in the Base Prospectus, the Risk Factors included under the heading "Risk Factors" of
the Prospectus Supplement, the Risk Factors included under the heading "Risk Factors" in the Supplement No. 1 and
the Risk Factors included under the heading "Risks Relating to All Notes" in the Product Supplement).

An investment in the Senior Non Preferred Notes entails significant risks relating to the Senior Non
Preferred Notes not associated with similar investments in a conventional debt security, including those described
below. You should read the following information about these risks, together with the other information in this
Pricing Supplement, before investing in the Senior Non Preferred Notes. We urge you to consult your investment,
legal, tax, accounting and other advisors before you invest in the Senior Non Preferred Notes.

Status of the Senior Non Preferred Notes

The Notes will be Senior Non Preferred Obligations (as defined in the Supplement No. 1) and constitute
direct, unconditional, unsecured and senior (chirographaires) obligations of the Issuer, and rank and will at all times
rank (a) senior to Eligible Creditors (as defined in the Supplement No. 1) of the Issuer, Ordinarily Subordinated
Obligations (as defined in the Supplement No. 1) and any other present or future claims otherwise ranking junior to
Senior Non Preferred Obligations; (b) pari passu among themselves and with other Senior Non Preferred
Obligations; and (c) junior to present and future claims benefiting from preferred exceptions including Senior
Preferred Obligations (as defined in the Supplement No. 1). Subject to applicable law, in the event of the voluntary
or judicial liquidation (liquidation amiable ou liquidation judiciaire) of the Issuer, bankruptcy proceedings or any
other similar proceedings affecting the Issuer, the rights of Noteholders to payment under the Senior Non Preferred
Notes rank (a) junior to Senior Preferred Obligations; and (b) senior to any Eligible Creditors of the Issuer,
Ordinarily Subordinated Obligations and any other present or future claims otherwise ranking junior to Senior Non
Preferred Obligations.