Obligation BNP Paribas SA 0% ( XS1422225406 ) en EUR

BNP Paribas SA

100 % ⇌

Pays-bas

XS1422225406 ( en EUR )

21/03/2019 - Obligation échue

Prospectus brochure de l'obligation BNP Paribas XS1422225406 en EUR 0%, échue

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 ( Pays-bas ) , en EUR, avec le code ISIN XS1422225406, paye un coupon de 0% par an.
Le paiement des coupons est annuel et la maturité de l'Obligation est le 21/03/2019

XS1422225406

FINAL TERMS DATED 26 SEPTEMBER 2016
BNP Paribas Arbitrage Issuance B.V.
(incorporated in The Netherlands)
(as Issuer)
BNP Paribas
(incorporated in France)
(as Guarantor)
(Warrant and Certificate Programme)
400 EUR "Autocallable Reverse Convertible" Certificates relating to Banco Santander SA Shares due 21 March 2019
The Certificates are to be consolidated on 26 September 2016 and form a single series with the current outstanding
amount of the 836 Certificates issued on 21 September 2016.
ISIN Code: XS1422225406
BNP Paribas Arbitrage S.N.C.
(as Manager)
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 10 June 2016 which constitutes a base prospectus for the purposes of the Luxembourg Act dated 10 July
2005 relating to prospectuses for securities, as amended (the "Prospectus Act 2005"). This document constitutes the Final
Terms of the Securities described herein and must be read in conjunction with such Base Prospectus. Full 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. The Base Prospectus and the Final Terms are available for
viewing at BNP Paribas Securities Services, Luxembourg Branch, 60 avenue J.F. KENNEDY, L-1855 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.

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" shall 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.

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XS1422225406

SPECIFIC PROVISIONS FOR EACH SERIES

Series
No. of
No. of
ISIN
Common
Issue Price
Redemption Date
Number
Securities
Securities
Code
per Security
issued
CE8270DBX
400
1,236
XS1422225406
142222540
54.20%
21 March 2019

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:
21 September 2016.

4. Issue Date:
26 September 2016.

5. Consolidation:
The Certificates are to be consolidated on 26 September 2016 and form a

single series with the current outstanding amount of the 836 Certificates
issued on 21 September 2016. (ISIN: XS1422225406).
6. Type of Securities:
(a) Certificates.

(b) The Securities are Share Securities.

The Certificates are "Autocallable Reverse Convertible" Certificates.

The provisions of Annex 2 (Additional Terms and Conditions for Share

Securities) shall 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) or

physical delivery (Physical Delivery Securities).
10. Variation of Settlement:

(a) Issuer's option to vary
The Issuer does not have the option to vary settlement in respect of the
settlement:
Securities.

(b) Variation of Settlement of
Not applicable.
Physical Delivery Securities:

11. Relevant Asset(s):
The Underlying Share.

12. Entitlement:
(a) The Entitlement (as defined in Condition 28) in relation to each

Security is as provided for in §44(u).

(b) The Entitlement will be evidenced by delivery of the Entitlement to the
securities account with the clearing system specified by the Holder in the
relevant Asset Transfer Notice (such Asset Transfer Notice must be
completed and delivered in accordance with Condition 35.2).

(c) The Entitlement will be delivered to the Holder(s) upon registration of
the transfer of the Shares in the books of the relevant clearing system(s),
all in accordance with the rules, regulations and operating procedures of
such clearing system(s).

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The Issuer shall be under no obligation to register or procure the
registration of the Holder in the register of the members of the Share
Company, if applicable.
13. Exchange Rate:
Not applicable.

14. Equivalent Amount Settlement
Not applicable.
Currency:

15. Equivalent Amount Settlement Price
Not applicable.
Source:

16. Equivalent Amount Settlement
Not applicable.
Valuation Time:

17. Settlement Currency:
The settlement currency for payment of the Cash Settlement Amount or,

as the case may be, the Disruption Cash Settlement Price is Euro
("EUR").
18. Syndication:
The Securities will be distributed on a non-syndicated basis.

19. Minimum Trading Size:
Not applicable.

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

21. Registrar:
Not applicable.

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

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

24. Special conditions or other
modifications to the Terms and
Not applicable.
Conditions:

25. Masse Provision (Condition 9.4):
Not applicable.

PRODUCT SPECIFIC PROVISIONS

26. Index Securities:
Not applicable.

27. Share Securities:
Applicable.

(a) Share(s)/Share
An ordinary share in the share capital of Banco Santander SA (the "Share
Company/Basket
Company"), (ISIN: ES0113900J37 / Bloomberg Code: SAN SM) (the
Company/GDR/ADR:
"Underlying Share").

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

(b) Relative Performance
Not applicable.
Basket:

(c) Share Currency:
EUR.

(d) Exchange(s):
Bolsa de Madrid.

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

(f) Exchange Business Day:
Single Share Basis.

(g) Scheduled Trading Day:
Single Share Basis.

(h) Weighting:
Not applicable.

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XS1422225406

(i) Settlement Price:
As set out in sub-paragraph (b) of the definition of "Settlement Price"

provided in Condition 1 of Annex 2 - Additional Terms and Conditions for
Share Securities.

(j) Disrupted Day:
As per Conditions.

(k) Specified Maximum Days Eight (8) Scheduled Trading Days.
of Disruption:

(l) Valuation Time:
The Scheduled Closing Time.

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

(n) Share Correction Period:
As per Conditions.

(o) Dividend Payment:
Not applicable.

(p) Listing Change:
Not applicable.

(q) Listing Suspension:
Not applicable.

(r) Illiquidity:
Not applicable.

(s) Tender Offer:
Applicable.

(t) Other terms or special
Not applicable.
conditions:

28. ETI Securities:
Not applicable.

29. Debt Securities:
Not applicable.

30. Commodity Securities:
Not applicable.

31. Inflation Index Securities:
Not applicable.

32. Currency Securities:
Not applicable.

33. Fund Securities:
Not applicable.

34. Market Access Securities:
Not applicable.

35. Futures Securities:
Not applicable.

36. Credit Securities:
Not applicable.

37. Preference Share Certificates:
Not applicable.

38. OET Certificates:
Not applicable.

39. Additional Disruption Events:
Applicable.

40. Optional Additional Disruption
(a) The following Optional Additional Disruption Events apply to the
Events:
Securities: Failure to Deliver due to Illiquidity; Insolvency Filing.

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

A Knock-in Event shall be deemed to occur if, at the Knock-in Valuation
Time on the Knock-in Determination Day, the Underlying Share closes at
a Level strictly less than the Knock-in Level.

(a) Knock-in Level:
70% x ShareInitial (i.e. EUR 5.5090).

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XS1422225406

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

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

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

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

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

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

(h) Knock-in Valuation Time:
The Valuation Time.

42. Knock-out Event:
Not applicable.

PROVISIONS RELATING TO WARRANTS

43. Provisions relating to Warrants:
Not applicable.

PROVISIONS RELATING TO CERTIFICATES

44. Provisions relating to Certificates:
Applicable.

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

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

(c) Interest:
Not applicable.

(d) Fixed Rate Provisions:
Not applicable.

(e) Floating Rate Provisions: Not applicable.

(f) Linked Interest
Not applicable.
Certificates:

(g) Payment of Premium
Not applicable.
Amount(s):

(h) Index Linked Interest
Not applicable.
Certificates:

(i) Share Linked Interest
Not applicable.
Certificates:

(j) ETI Linked Interest
Not applicable.
Certificates:

(k) Debt Linked Interest
Not applicable.
Certificates:

(l) Commodity Linked
Not applicable.
Interest Certificates:

(m) Inflation Index Linked
Not applicable.
Interest Certificates:

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XS1422225406

(n) Currency Linked Interest
Not applicable.
Certificates:

(o) Fund Linked Interest
Not applicable.
Certificates:

(p) Futures Linked Interest
Not applicable.
Certificates:

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

(r) Issuer Call Option:
Not applicable.

(s) Holder Put Option:
Not applicable.

(t) Automatic Early
Applicable.
Redemption:

An Automatic Early Redemption shall be deemed to occur if the official
Closing Price of the Underlying Share on the relevant Automatic Early
Redemption Valuation Daten is greater than or equal to the Automatic
Early Redemption Level.

Where:

Closing Price is the Settlement Price provided that the corresponding
definition of "Settlement Price" shall apply as if references to "Valuation
Date" were to "Automatic Early Redemption Valuation Date".

(i) Automatic Early
Redemption
N x 100%
Amount:

Where:

N is the Notional Amount of each Certificate (see §44(a)).

(ii) Automatic Early
21 December 2016 (n = 1), 21 March 2017 (n = 2), 21 June 2017 (n = 3),
Redemption Date(s):
21 September 2017 (n = 4), 21 December 2017 (n = 5), 21 March 2018 (n

= 6), 21 June 2018 (n = 7), 21 September 2018 (n = 8) and 21 December
2018 (n = 9).

(iii) Automatic Early
100% x ShareInitial (i.e. EUR 7.87).
Redemption Level:

(iv) Automatic Early
Not applicable.
Redemption Rate:

(v) Automatic Early
7 December 2016 (n = 1), 7 March 2017 (n = 2), 7 June 2017 (n = 3), 7
Redemption
September 2017 (n = 4), 7 December 2017 (n = 5), 7 March 2018 (n = 6),
Valuation Date(s):
7 June 2018 (n = 7), 7 September 2018 (n = 8) and 7 December 2018 (n

= 9).

(u) Cash Settlement Amount: Unless previously redeemed or purchased and cancelled by the Issuer,

the Holder shall receive on the Redemption Date, in respect of each
Certificate payment of either (i) a Cash Settlement Amount or (ii) delivery
of the Entitlement and a payment of cash in accordance with the following
provisions:

1) If no Knock-in Event has occurred:

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XS1422225406

2) Otherwise:

Physical Delivery of the Entitlement and payment of Cash for
Rounding.

The Entitlement and Cash for Rounding are subject to adjustments in
accordance with the Conditions set out in the Base Prospectus.

Where:

N is the Notional Amount of each Certificate (see §44(a));

ShareInitial is EUR 7.87 being the agreed price of the Underlying Share on
the Strike Date;

ShareFinal is the official Closing Price of the Underlying Share on the
Redemption Valuation Date;

Entitlement is 127 Shares;

Cash for Rounding is the product of 0.0648 and ShareFinal;

Closing Price is the Settlement Price.

(v) Strike Date:
7 September 2016.

(w) Redemption Valuation
7 March 2019.
Date:

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

(y) Observation Dates:
Not applicable.

(z) Observation Period:
Not applicable.

(aa) Settlement Business Day: If applicable, any day on which the clearing or settlement system relevant

to the Underlying Share is open.

(bb) Cut-off Date:
The third Business Day immediately preceding the Redemption Date

where, for the purposes of Conditions 35.2 of the Base Prospectus
"Physical Delivery" only "Business Day" means a day on which banks in
TARGET2 and the relevant clearing system(s) are open for business.

DISTRIBUTION AND US SALES ELIGIBILITY

45. Selling Restrictions:
As set out in the Base Prospectus.

(a) Eligibility for sale of
The Securities are not eligible for sale in the United States to AIs.
Securities in the United States
to AIs:

(b) Eligibility for sale of
The Securities are not eligible for sale in the United States under Rule
Securities in the United States 144A to QIBs.
to QIBs within the meaning of

Rule 144A:

(c) Eligibility for sale of
Securities in the United States
to QIBs within the meaning of
The Securities are not eligible for sale in the United States to persons
Rule 144A who are also QPs
who are QIBs and QPs.
within the meaning of the
Investment Company Act:

46. Additional U.S. Federal income tax
Not applicable.

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XS1422225406

consequences:

47. Registered broker/dealer:
Not applicable.

PROVISIONS RELATING TO COLLATERAL AND SECURITY

48. 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.
The information included in Part B (the "Other Information") consists of extracts from or summaries of information that is
publicly available in respect of the Share. The Issuer confirms that such information has been accurately reproduced and
that, so far as it is aware and is able to ascertain from information published by Share Company, no facts have been omitted
which would render the reproduced inaccurate or misleading.

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

By: Déyanira SAENZ LOZANO... Duly authorised

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PART B - OTHER INFORMATION

1. Listing and Admission to trading

Application has been made to list the Securities on the Official List of the Luxembourg Stock Exchange and to admit the
Securities described herein for trading on the Luxembourg Stock Exchange's EuroMTF Market.

2. Ratings

The Securities to be issued have not been rated.

3. Risk Factors

As stated in the Base Prospectus.

4. Interests of Natural and Legal Persons Involved in the Offer

Save as discussed in "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.

5. Performance of Underlying/Formula/Other Variable, Explanation of Effect on Value of Investment and Associated
Risks and Other Information concerning the Underlying

The "Autocallable Reverse Convertible" Security is a EUR denominated Security with a 30-month maturity.

This Security may be automatically early redeemed pursuant to the provisions detailed in §44(t).

If neither early redeemed nor purchased and cancelled, the Security offers the possibility to receive on the Redemption Date
a Cash Settlement Amount or physical delivery of the Entitlement pursuant to the provisions detailed in §44(u) Part A.

The Securities are not capital protected. The investors will benefit from a capital protection if the Underlying Share closes at
a price greater than or equal to the Knock-in Level on the Redemption Valuation Date.

There is a risk of partial or total capital loss, and consequently an investment in the Securities is highly speculative, involving
significant risk, including the possible loss of the entire amount invested, and should therefore only be considered by
investors who can afford a loss of their entire investment.

In respect of secondary market transactions, the price of the Securities will depend upon market conditions and may be
subject to significant fluctuations. If the Securities are sold, before the Redemption Date, there is a higher probability that the
investor will suffer a loss of its investment.

Place where information relating to the Share Banco Santander SA
can be obtained:

Banco Santander SA attracts deposits and offers retail, commercial and
private banking, and asset management services. The Bank offers
consumer credit, mortgage loans, lease financing, factoring, mutual funds,
pension funds, insurance, commercial credit, investment banking
services, structured finance, and advice on mergers and acquisitions.

Address:
Avenida de Cantabria
28660 Boadilla del Monte-Madrid
Spain

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Website: www.gruposantander.com

ISIN Code of the underlying:
See §27(a).
Source of information relating to the
Past and further performances of the Shares are available on the website
Underlying:
of the Exchange where the share is listed and its volatility is available on
Bloomberg page set out in §27(a).
Post-Issuance information:
The Issuer does not intend to provide post-issuance information.

6. Operational Information

Relevant Clearing System(s):
Euroclear and Clearstream Luxembourg.

7. Yield

Not applicable.

8. Historic Interest Rates

Not applicable.

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