Obligation BNP Paribas SA 0% ( XS1190228277 ) en EUR

BNP Paribas SA

100 % ⇌

France

XS1190228277 ( en EUR )

05/06/2025

Prospectus brochure de l'obligation BNP Paribas XS1190228277 en EUR 0%, échéance 05/06/2025

1 000 EUR

3 000 000 EUR

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 XS1190228277, paye un coupon de 0% par an.
Le paiement des coupons est annuel et la maturité de l'Obligation est le 05/06/2025

XS1190228277

FOR LISTING PURPOSES ONLY

FINAL TERMS DATED 2 DECEMBER 2016
BNP Paribas Arbitrage Issuance B.V.
(incorporated in The Netherlands)
(as Issuer)
BNP Paribas
(incorporated in France)
(as Guarantor)
(Note, Warrant and Certificate Programme)
1,000 EUR "Athena" Certificates relating to GDF Suez Share due 5 June 2025
To be consolidated on 2 December 2016 with the 1,000 Warrants issued on 25 May 2015

ISIN Code: XS1190228277
BNP Paribas Arbitrage S.N.C.
(as Manager)
Any person making or intending to make an offer of the Securities may only do so in circumstances in which no obligation
arises for the Issuer or any Manager to publish a prospectus pursuant to Article 3 of the Prospectus Directive or to
supplement a prospectus pursuant to Article 16 of the Prospectus Directive, in each case, in relation to such offer.
None of the Issuer nor, the Guarantor or any Manager has authorised, nor do they authorise, the making of any offer of
Securities in any other circumstances.
PART A - CONTRACTUAL TERMS
Terms used herein shall be deemed to be defined as such for the purposes of the Conditions set forth in the Base
Prospectus dated 9 June 2016,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)and any other Supplement to the Base Prospectus
which may have been published and approved before the issue of any additional amount of Securities (the "Supplements")
(provided that to the extent any such Supplement (i) is published and approved after the date of these Final Terms and (ii)
provide for any change to the Conditions of the Securities such changes shall have no effect with respect to the Conditions
of the Securities to which these Final Terms relate)which together constitute a base prospectus for the purposes of Directive
2003/71/EC (the "Prospectus Directive") (the "Base Prospectus"). This document constitutes the Final Terms of the
Securities described herein for the purposes of Article 5.4 of the Prospectus Directive and must be read in conjunction with
the Base Prospectus. Ful information on BNP Paribas Arbitrage Issuance B.V. (the "Issuer") and the offer of the Securities
is only available on the basis of the combination of these Final Terms and the Base Prospectus. A summary of the
Securities (which comprises the Summary in the Base Prospectus as amended to reflect the provisions of these Final
Terms) is annexed to these Final Terms. The Base Prospectus and any Supplements to the Base Prospectus are available
for viewing at BNP Paribas Securities Services, Luxembourg Branch (in its capacity as Principal Paying Agent), 33 rue de
Gasperich, Howald - Hesperange, L-2085 Luxembourg and on the website of the Luxembourg Stock Exchange
(www.bourse.lu) and copies may be obtained free of charge at the specified offices of the Security Agents. The Base
Prospectus and the Supplements to the Base Prospectus will also be available on the AMF website www.amf-france.org.
References herein to numbered Conditions are to the terms and conditions of the relevant series of Securities and words
and expressions defined in such terms and conditions shall bear the same meaning in these Final Terms in so far as they
relate to such series of Securities, save as where otherwise expressly provided.
These Final Terms relate to the series of Securities as set out in "Specific Provisions for each Series" below. References
herein to "Securities" shal be deemed to be references to the relevant Securities that are the subject of these Final Terms
and references to "Security" shall be construed accordingly.

SPECIFIC PROVISIONS FOR EACH SERIES

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XS1190228277

Series Number
No. of
No. of
ISIN
Common
Issue Price per
Redemption Date
Securities
Securities
Code
Security
issued
CE5699MI
400
1,400
XS1190228277
119022827
100% of the
5 June 2025
Notional Amount

GENERAL PROVISIONS
The following terms apply to each series of Securities:

1. Issuer:
BNP Paribas Arbitrage Issuance B.V.

2. Guarantor:
BNP Paribas

3. Trade Date:
28 November 2016.

4. Issue Date:
2 December 2016.

5. Consolidation:
The Certificate have to be consolidated and form a single series with the

1,000 Warrant issued on 29 May 2015 (ISIN Code : XS1190228277).
6. Type of Securities:
(a) Certificates.

(b) The Securities are Share Securities.

The provisions of Annex 3 (Additional Terms and Conditions for Share
Securities) shal apply.
7. Form of Securities:
Clearing System Global Security.

8. Business Day Centre(s):
The applicable Business Day Centre for the purposes of the definition of

"Business Day" in Condition 1 is TARGET2.
9. Settlement:
Settlement will be by way of cash payment (Cash Settled Securities).

10. Rounding Convention for cash
Settlement Amount:
Not applicable.

11. Variation of Settlement:

Issuer's option to vary settlement: The Issuer does not have the option to vary settlement in respect of the

Securities.
12. Final Payout:
NA x SPS Payout

"NA" means Notional Amount.

SPS Payout:
Autocall Standard Securities

(A)
If FR Barrier Value is greater than or equal to the Final
Redemption Condition Level:
100% + FR Exit Rate; or
(B)
If FR Barrier Value is less than the Final Redemption Condition
Level and no Knock-in Event has occurred:
100% + Coupon Airbag Percentage; or
(C)
If FR Barrier Value is less than the Final Redemption Condition
Level and a Knock-in Event has occurred:
Min(100%, Final Redemption Value).
"FR Barrier Value" means, in respect of a SPS FR Barrier Valuation
Date, the Underlying Reference Value.
In respect of the provisions relating to the determination of FR Barrier
Value, the fol owing definitions are applicable (any terms not defined
herein or elsewhere in this Final Terms being as defined in the Base
Prospectus):

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XS1190228277

"SPS FR Barrier Valuation Date" means the Settlement Price
Date.
"Settlement Price Date" means the Valuation Date.
"Valuation Date" means the Redemption Valuation Date.
"Underlying Reference Value" means, in respect of an
Underlying Reference and a SPS Valuation Date, (i) the
Underlying Reference Closing Price Value for such Underlying
Reference in respect of such SPS Valuation Date (ii) divided by
the relevant Underlying Reference Strike Price.

For the avoidance of doubt, when determining (i) above the SPS
Valuation Date shall never refer to the Strike Date.
"Underlying Reference" means as set out in §26(a) below.
"SPS Valuation Date" means the Strike Date or the SPS FR
Barrier Valuation Date, as applicable.
"Underlying Reference Closing Price Value" means, in respect
of a SPS Valuation Date, the Closing Price in respect of such day.
"Underlying Reference Strike Price" means, in respect of an
Underlying Reference, the Underlying Reference Closing Price
Value for such Underlying Reference on the Strike Date.
"Strike Price Closing Value" is applicable.
"Final Redemption Condition Level" is 95 per cent.
"FR Exit Rate" means FR Rate
"FR Rate" is 96 per cent.
"Coupon Airbag Percentage" is 0 per cent.
"Final Redemption Value" means the Underlying Reference Value.
In respect of the provisions relating to the determination of Final
Redemption Value, the following definitions are applicable (any terms not
defined herein or elsewhere in this Final Terms being as defined in the
Base Prospectus):
"Underlying Reference Value" means, in respect of an
Underlying Reference and a SPS Valuation Date, (i) the
Underlying Reference Closing Price Value for such Underlying
Reference in respect of such SPS Valuation Date (ii) divided by
the relevant Underlying Reference Strike Price.

For the avoidance of doubt, when determining (i) above the SPS
Valuation Date shall never refer to the Strike Date.
"Underlying Reference" means as set out in §26(a) below.
"SPS Valuation Date" means the Strike Date or the SPS
Redemption Valuation Date, as applicable.
"SPS Redemption Valuation Date" means the Settlement Price
Date.
"Settlement Price Date" means the Valuation Date.

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XS1190228277

"Valuation Date" means the Redemption Valuation Date.
"Underlying Reference Closing Price Value" means, in respect
of a SPS Valuation Date, the Closing Price in respect of such day.
"Underlying Reference Strike Price" means, in respect of an
Underlying Reference, the Underlying Reference Closing Price
Value for such Underlying Reference on the Strike Date.
"Strike Price Closing Value" is applicable.

Payout Switch:
Not applicable.

Aggregation:
Not applicable.

13. Relevant Asset(s):
Not applicable.

14. Entitlement:
Not applicable.

15. Exchange Rate:
Not applicable.

16. Settlement Currency:
The settlement currency for the payment of the Cash Settlement Amount

is Euro ("EUR").
17. Syndication:
The Securities will be distributed on a non-syndicated basis.

18. Minimum Trading Size:
Not applicable.

19. Principal Security Agent:
BNP Paribas Securities Services, Luxembourg Branch.

20. Registrar:
Not applicable.

21. Calculation Agent:
BNP Paribas Arbitrage S.N.C.

160-162 boulevard MacDonald, 75019 Paris, France.
22. Governing law:
English law.

23. Masse provisions (Condition 9.4):
Not applicable.

PRODUCT SPECIFIC PROVISIONS

24. Hybrid Securities:
Not applicable.

25. Index Securities:
Not applicable.

26. Share Securities:
Applicable.

(a) Share(s)/Share
An ordinary share in the share capital of GDF Suez (the "Share
Company/Basket
Company"), (ISIN: FR0010208488 / Bloomberg Code: GSZ FP) (the
Company/GDR/ADR:
"Underlying Reference").

For the purposes of the Conditions, the Underlying Reference shall be
deemed to be the Share.

(b) Relative Performance
Basket:
Not applicable.

(c) Share Currency:
EUR.

(d) ISIN of Share(s):
FR0010208488

(e) Exchange(s):
Euronext Paris.

(f) Related Exchange(s):
All Exchanges.

(g) Exchange Business Day: Single Share Basis.

(h) Scheduled Trading Day:
Single Share Basis.

(i) Weighting:
Not applicable.

(j) Settlement Price:
Not applicable.

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XS1190228277

(k) Specified Maximum Days
of Disruption:
Three (3) Scheduled Trading Days.

(l) Valuation Time:
The Scheduled Closing Time as defined in Condition 1.

(m) Delayed Redemption of
Occurrence of an
Not applicable.
Extraordinary Event:

(n) Share Correction Period:
As per Conditions.

(o) Dividend Payment:
Not applicable.

(p) Listing Change:
Applicable.

(q) Listing Suspension:
Applicable.

(r) Illiquidity:
Applicable.

(s) Tender Offer:
Applicable.

27. ETI Securities:
Not applicable.

28. Debt Securities:
Not applicable.

29. Commodity Securities:
Not applicable.

30. Inflation Index Securities:
Not applicable.

31. Currency Securities:
Not applicable.

32. Fund Securities:
Not applicable.

33. Futures Securities:
Not applicable.

34. Credit Securities:
Not applicable.

35. Underlying Interest Rate Securities:
Not applicable.

36. Preference Share Certificates:
Not applicable.

37. OET Certificates:
Not applicable.

38. Additional Disruption Events:
Applicable.

39. Optional Additional Disruption
(a) The following Optional Additional Disruption Event applies to the
Events:
Securities: Insolvency Filing.

(b) Delayed Redemption on Occurrence of an Additional Disruption Event
and/or Optional Additional Disruption Event: Not applicable.
40. Knock-in Event:
Applicable.

If the Knock-in Value is less than the Knock-in Level on the Knock-in
Determination Day.

(a) SPS Knock-in Valuation:
Applicable.

"Knock-in Value" means the Underlying Reference Value.
In respect of the provisions relating to the determination of Knock-in
Value, the fol owing definitions are applicable (any terms not defined
herein or elsewhere in this Final Terms being as defined in the Base
Prospectus):
"Underlying Reference Value" means, in respect of an
Underlying Reference and a SPS Valuation Date, (i) the
Underlying Reference Closing Price Value for such Underlying
Reference in respect of such SPS Valuation Date (ii) divided by
the relevant Underlying Reference Strike Price.

For the avoidance of doubt, when determining (i) above the SPS
Valuation Date shall never refer to the Strike Date.

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XS1190228277

"Underlying Reference" means as set out in §26(a) above.
"SPS Valuation Date" means the Knock-in Determination Day or
the Strike Date, as applicable.
"Underlying Reference Closing Price Value" means, in respect
of a SPS Valuation Date, the Closing Price in respect of such day.
"Underlying Reference Strike Price" means, in respect of an
Underlying Reference, the Underlying Reference Closing Price
Value for such Underlying Reference on the Strike Date.
"Strike Price Closing Value" is applicable.

(b) Level:
Not applicable.

(c) Knock-in Level/Knock-in
Range Level:
60 per cent

(d) Knock-in Period
Beginning Date:
Not applicable.

(e) Knock-in Period
Beginning Date Day
Not applicable.
Convention:

(f) Knock-in Determination
Not applicable.
Period:

(g) Knock-in Determination
Day(s):
The Redemption Valuation Date.

(h) Knock-in Period Ending
Not applicable.
Date:

(i) Knock-in Period Ending
Date Day Convention:
Not applicable.

(j) Knock-in Valuation Time: Not applicable.

(k) Knock-in Observation
Price Source:
Not applicable.

(l) Disruption
Consequences:
Applicable.

41. Knock-out Event:
Not applicable.

PROVISIONS RELATING TO WARRANTS

42. Provisions relating to Warrants:
Not applicable.

PROVISIONS RELATING TO CERTIFICATES

43. Provisions relating to Certificates:
Applicable.

(a) Notional Amount of each
Certificate:
EUR 1,000

(b) Partly Paid Certificates:
The Certificates are not Partly Paid Certificates.

(c) Interest:
Not applicable.

(d) Screen Rate
Determination:
Not applicable

(e) ISDA Determination:
Not applicable

(f) FBF Determination:
Not applicable

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XS1190228277

(g) Instalment Certificates:
The Certificates are not Instalment Certificates.

(h) Issuer Call Option:
Not applicable.

(i) Holder Put Option:
Not applicable.

(j) Automatic Early
Redemption:
Applicable.

(i) Automatic Early
Single Standard Automatic Early Redemption
Redemption Event:

If on any Automatic Early Redemption Valuation Date the SPS AER Value
is greater than or equal to the Automatic Early Redemption Level.

(ii) Automatic Early
SPS Automatic Early Redemption Payout:
Redemption Payout:

NA x (AER Redemption Percentage + AER Exit Rate)
"AER Redemption Percentage" is 102.40 per cent.
"AER Exit Rate" means, in respect of a SPS ER Valuation Date, the AER
Rate.
"SPS ER Valuation Date" means the Settlement Price Date.
"Settlement Price Date" means the Valuation Date.
"Valuation Date" means the relevant Automatic Early Redemption
Valuation Date.
"NA" means Notional Amount.

(iii) Automatic Early
7 December 2015 (n=2), 7 March 2016 (n=3), 6 June 2016 (n=4), 5
Redemption Date(s): September 2016 (n=5), 6 December 2016 (n=6), 7 March 2017 (n=7), 5

June 2017 (n=8), 5 September 2017 (n=9), 6 December 2017 (n=10), 7
March 2018 (n=11), 5 June 2018 (n=12), 5 September 2018 (n=13), 6
December 2018 (n=14), 7 March 2019 (n=15), 5 June 2019 (n=16), 5
September 2019 (n=17), 6 December 2019 (n=18), 9 March 2020 (n=19),
5 June 2020 (n=20), 7 September 2020 (n=21), 7 December 2020 (n=22),
8 March 2021 (n=23), 7 June 2021 (n=24), 6 September 2021 (n=25), 6
December 2021 (n=26), 7 March 2022 (n=27), 6 June 2022 (n=28), 5
September 2022 (n=29), 6 December 2022 (n=30), 7 March 2023 (n=31),
5 June 2023 (n=32), 5 September 2023 (n=33), 6 December 2023 (n=34),
7 March 2024 (n=35), 5 June 2024 (n=36), 5 September 2024 (n=37), 6
December 2024 (n=38) and 7 March 2025 (n=39).

(iv) Observation Price
Source:
Not applicable.

(v) Underlying
SPS AER Valuation: Applicable.
Reference Level:

"SPS AER Value" means the Underlying Reference Value.
In respect of the provisions relating to the determination of SPS AER
Value, the fol owing definitions are applicable (any terms not defined
herein or elsewhere in this Final Terms being as defined in the Base
Prospectus):
"Underlying Reference Value" means, in respect of an
Underlying Reference and a SPS Valuation Date, (i) the
Underlying Reference Closing Price Value for such Underlying
Reference in respect of such SPS Valuation Date (ii) divided by
the relevant Underlying Reference Strike Price.

For the avoidance of doubt, when determining (i) above the SPS
Valuation Date shall never refer to the Strike Date.

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XS1190228277

"Underlying Reference" means as set out in §26(a) above.
"SPS Valuation Date" means each Automatic Early Redemption
Valuation Date or the Strike Date, as applicable.
"Underlying Reference Closing Price Value" means, in respect
of a SPS Valuation Date, the Closing Price in respect of such day.
"Underlying Reference Strike Price" means, in respect of an
Underlying Reference, the Underlying Reference Closing Price
Value for such Underlying Reference on the Strike Date.
"Strike Price Closing Value" is applicable.
"SPS Valuation Date" means the Strike Date.

(vi) Automatic Early
Redemption Level:
95 per cent.

(vii) Automatic Early
Redemption
Not applicable.
Percentage:

(viii) Automatic Early
Redemption
Not applicable.
Percentage Up:

(ix) Automatic Early
Redemption
Not applicable.
Percentage Down:

(x) AER Rate:

n x 2.40%.
n is a number from 2 to 39 representing the relevant Automatic
Redemption Valuation Date.

(xi) AER Exit Rate:
AER Rate

(xii) Automatic Early
30 November 2015 (n=2), 29 February 2016 (n=3), 30 May 2016 (n=4),
Redemption
29 August 2016 (n=5), 29 November 2016 (n=6), 28 February 2017 (n=7),
Valuation Date(s):
29 May 2017 (n=8), 29 August 2017 (n=9), 29 November 2017 (n=10), 28

February 2018 (n=11), 29 May 2018 (n=12), 29 August 2018 (n=13), 29
November 2018 (n=14), 28 February 2019 (n=15), 29 May 2019 (n=16),
29 August 2019 (n=17), 29 November 2019 (n=18), 2 March 2020 (n=19),
29 May 2020 (n=20), 31 August 2020 (n=21), 30 November 2020 (n=22),
1 March 2021 (n=23), 31 May 2021 (n=24), 30 August 2021 (n=25), 29
November 2021 (n=26), 28 February 2022 (n=27), 30 May 2022 (n=28),
29 August 2022 (n=29), 29 November 2022 (n=30), 28 February 2023
(n=31), 29 May 2023 (n=32), 29 August 2023 (n=33), 29 November 2023
(n=34), 29 February 2024 (n=35), 29 May 2024 (n=36), 29 August 2024
(n=37), 29 November 2024 (n=38) and 28 February 2025 (n=39).

(k) Renouncement Notice
Cut-off Time:
Not applicable.

(l) Strike Date:
29 May 2015

(m) Strike Price:
Not applicable.

(n) Redemption Valuation
29 May 2025.
Date:

(o) Averaging:
Averaging does not apply to the Securities.

(p) Observation Dates:
Not applicable.

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XS1190228277

(q) Observation Period:
Not applicable.

(r) Settlement Business Day: Not applicable.

(s) Cut-off Date:
Not applicable.

(t) Identification information
of Holders as provided by Not applicable.
Condition 29:

DISTRIBUTION AND US SALES ELIGIBILITY

44. U.S. Selling Restrictions:
Not applicable.

45. Additional U.S. Federal income tax
consequences:
Not applicable.

46. Registered broker/dealer:
Not applicable.

47. TEFRA C or TEFRA Not Applicable:
TEFRA Not Applicable.

48. Non exempt Offer:
Not applicable

PROVISIONS RELATING TO COLLATERAL AND SECURITY

49. Collateral Security Conditions:
Not applicable.

Responsibility
The Issuer accepts responsibility for the information contained in these Final Terms. To the best of the knowledge of the
Issuer (who has taken all reasonable care to ensure that such is the case), the information contained herein is in
accordance with the facts and does not omit anything likely to affect the import of such information.

Signed on behalf of BNP Paribas Arbitrage Issuance B.V.
As Issuer:

By: Guillaume RIVIERE Duly authorised

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XS1190228277

PART B - OTHER INFORMATION
1. Listing and Admission to trading - De listing
Application has been made to list the Securities on the Official List of the Luxembourg Stock Exchange and to admit the
Securities for trading on the Luxembourg Stock Exchange's regulated market
2. Ratings

The Securities have not been rated.

3. Interests of Natural and Legal Persons Involved in the Issue
Save as discussed in the "Potential Conflicts of Interest" paragraph in the "Risk Factors" in the Base Prospectus, so far as
the Issuer is aware, no person involved in the offer of the Securities has an interest material to the offer.
4. Performance of Underlying/Formula/Other Variable and Other Information concerning the Underlying Reference
See Base Prospectus for an explanation of effect on value of Investment and associated risks in investing in Securities.
Information on the Share shall be available on the website as set out in below
Past and further performances of the Share are available on the Share Sponsor website as set out below, and its volatility
may be obtained from the Calculation Agent by emailing [email protected]
The Issuer does not intend to provide post-issuance information.

Place where information on the Underlying Share
GDF Suez
can be obtained:
Website: www.gdfsuez.com

5. Operational Information

Relevant Clearing System(s):
Euroclear and Clearstream Luxembourg.
Any Clearing System(s) other than Euroclear
Bank S.A./N.V., Clearstream Banking, société
anonyme, Euroclear France, Euroclear
Netherlands, include the relevant
Valoren: 27340553
identification number(s) and in the case of

Swedish Securities, the Swedish Security
Agent:

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