Obligation BNP Paribas SA 1.5% ( XS1722801708 ) en EUR

BNP Paribas SA

100 % ▲

France

XS1722801708 ( en EUR )

1.5% par an ( paiement annuel )

22/05/2028

Prospectus brochure de l'obligation BNP Paribas XS1722801708 en EUR 1.5%, échéance 22/05/2028

100 000 EUR

1 000 000 000 EUR

23/05/2025 ( Aujourd'hui )

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 XS1722801708, paye un coupon de 1.5% par an.
Le paiement des coupons est annuel et la maturité de l'Obligation est le 22/05/2028

EXECUTION VERSION
Final Terms dated 21 November 2017
BNP PARIBAS
(incorporated in France)
(the Issuer)
Issue of EUR 1,000,000,000 1.50 per cent. Senior Non Preferred Notes due 23 May 2028
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 Directive or to supplement a prospectus pursuant to Article 16 of the Prospectus
Directive, in each case, in relation to such offer.
Neither the Issuer nor any Dealer has authorised, nor do they authorise, the making of any offer of
Notes in any other circumstances.

1

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 English Law Notes" in
the Base Prospectus dated 2 August 2017 which received visa n° 17-415 from the Autorité des
marchés financiers (the "AMF") on 2 August 2017 and the Supplement to the Base Prospectus dated
6 November 2017 which received visa n° 17-574 from the AMF on 6 November 2017 which together
constitute a base prospectus (the "Base Prospectus"). This document constitutes the Final Terms of
the Notes described herein and must be read in conjunction with the Base Prospectus. Full
information on the Issuer and the Notes is only available on the basis of the combination of these
Final Terms and the Base Prospectus. The Base Prospectus, these Final Terms and the Supplement
to the Base Prospectus (in each case, together with any documents incorporated therein by
reference) are available for viewing at, and copies may be obtained from, BNP Paribas Securities
Services, Luxembourg Branch (in its capacity as Principal Paying Agent), 60, avenue J.F.Kennedy, L-
1855 Luxembourg and (save in respect of the Final Terms) on the Issuer's website
(www.invest.bnpparibas.com). The Base Prospectus, these Final Terms and the Supplement to the
Base Prospectus are also available on the AMF website (www.amf-france.org). A copy of these Final
Terms, the Base Prospectus and the Supplement to the Base Prospectus will be sent free of charge
by the Issuer to any investor requesting such documents.

1.
Issuer:
BNP Paribas
2.
(i)
Series Number:
18480
(ii)
Tranche Number:
1
3.
Specified Currency:
EUR as defined in the definition of "Relevant
Currency" in Condition 4 (Payments, Physical Delivery
and Exchange of Talons)
4.
Aggregate Nominal Amount:

(i)
Series:
EUR 1,000,000,000
(ii)
Tranche:
EUR 1,000,000,000
5.
Issue Price of Tranche:
99.589 per cent. of the Aggregate Nominal Amount
6.
Minimum Trading Size:
Not applicable
7.
(i)
Specified Denominations:
EUR 100,000 and integral multiples of EUR 1,000 in
excess thereof up to and including EUR 199,000. No
Notes in definitive form will be issued with a
denomination above EUR 199,000.
(ii)
Calculation Amount
EUR 1,000
(Applicable to Notes in
definitive form):
8.
(i)
Issue Date and Interest
23 November 2017
Commencement Date:
(ii)
Interest Commencement
Not applicable
Date (if different from the
Issue Date):
9.
(i)
Maturity Date:
23 May 2028
(ii)
Business Day Convention Not applicable

for Maturity Date:
10.
Form of Notes:
Bearer

2

11.
Interest Basis:
1.50 per cent. per annum Fixed Rate (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 Securities:
Not applicable
22.
Tax Gross-Up:
Condition 6(d) (No Gross-Up) of the Terms and
Conditions of the English Law Notes not applicable
PROVISIONS RELATING TO INTEREST (IF ANY) PAYABLE
23.
Interest:
Applicable
(i)
Interest Periods:
From and including the Interest Commencement Date
to but excluding the Interest Payment Date falling on
23 May 2018 (being a short first Interest Period).
Thereafter from and including each Interest Payment
Date to but excluding the following Interest Payment
Date, up to the Maturity Date.
(ii)
Interest Period End Dates:
23 May in each year from and including 23 May 2018
to and including the Maturity Date
(iii)
Business Day Convention
Not applicable
for Interest Period End
Dates:
(iv)
Interest Payment Dates:
23 May in each year from and including 23 May 2018
to and including the Maturity Date
(v)
Business Day Convention
Following
for Interest Payment
Dates:
(vi)
Party responsible for
Not applicable
calculating the Rate of
Interest and Interest
Amounts (if not the
Calculation Agent):
(vii)
Margin:
Not applicable
(viii)
Minimum Interest Rate:
Not applicable
(ix)
Maximum Interest Rate:
Not applicable
(x
)
Day Count Fraction:
Actual/Actual (ICMA)
(xi)
Determination Dates:
23 May in each year

3

(xii)
Accrual to Redemption:
Applicable
(xiii)
Rate of Interest:
Fixed Rate
(xiv)
Coupon Rate: (Include one Not applicable
or more of the following if
applicable)
24.
Fixed Rate Provisions:
Applicable
(i)
Fixed Rate of Interest:
1.50 per cent. per annum payable annually in arrear
on each Interest Payment Date
(ii)
Fixed Coupon Amount:
EUR 15.00 per Calculation Amount, except in respect
of the first Interest Period
(iii)
Broken Amount:
EUR 7.44 per Calculation Amount, payable on the
Interest Payment Date falling on 23 May 2018 for the
period
from
and
including
the
Interest
Commencement Date to but excluding 23 May 2018.
(iv)
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 Interest Provisions:
Not applicable
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) Not applicable
(Condition 3(e) of the Terms and
Conditions of the English Law
Notes and Condition 3(e) of the
Terms and Conditions of the
French Law Notes):
PROVISIONS RELATING TO REDEMPTION
39.
Final Redemption Amount:
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

4

44.
Aggregation:
Not applicable
45.
Index Linked Redemption Amount:
Not applicable
46.
Share Linked Redemption Amount:
Not applicable
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.
Early Redemption Amount:
Calculation Amount Percentage: Calculation Amount x
100 per cent.
55.
Provisions applicable to Physical
Not applicable
Delivery:
56.
Variation of Settlement:

(i)
Issuer's option to vary
The Issuer does not have the option to vary
settlement:
settlement in respect of the Notes.
(ii)
Variation of Settlement of
Not applicable
Physical Delivery Notes:
57.
CNY Payment Disruption Event:
Not applicable
GENERAL PROVISIONS APPLICABLE TO THE NOTES
58.
Form of Notes:
Bearer Notes:
New Global Note:
Yes

Temporary Bearer Global Note exchangeable for a
Permanent Bearer Global Note which is exchangeable
for definitive Bearer Notes only upon an Exchange
Event.
59.
Financial Centre(s) or other special Not applicable
provisions relating to Payment
Days
for
the
purposes
of
Condition 4(a):
60.
Identification
information
of Not applicable
Holders:
61.
Talons for future Coupons or No
Receipts
to
be
attached
to
definitive Notes (and dates on
which such Talons mature):
62.
Details relating to Partly Paid Not applicable
Notes: amount of each payment
comprising the Issue Price and
date on which each payment is to

5

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:
63.
Details
relating
to
Notes Not applicable
redeemable in instalments: amount
of each instalment, date on which
each payment is to be made:
64.
Redenomination, renominalisation Not applicable
and reconventioning provisions:
65.
Masse (Condition 12 of the Terms Not applicable
and Conditions of the French Law
Notes):
66.
Governing law:
English law. Condition 2(a) is governed by French
law.
67.
Calculation Agent:
Not applicable
DISTRIBUTION

68.
(i)
If syndicated, names of
Lead Manager:
Managers (specifying Lead
BNP Paribas
Manager):
(EUR 700,000,000)
Joint Lead Managers:
Banca IMI S.p.A
KBC Bank NV
Nordea Bank AB (publ)
Raiffeisen Bank International AG
Swedbank AB (publ)
(EUR 50,000,000 each)
Co-Managers:
Banca Akros S.p.A Gruppo Banco BPM
Bankia SA
Belfius Bank NV/SA
OP Corporate Bank plc
Svenska Handelsbanken AB (publ)
(EUR 10,000,000 each)
(ii)
Stabilisation Manager (if
BNP Paribas
any):
(iii)
If non-syndicated, name of
Not applicable
relevant Dealer:
69.
U.S. Selling Restrictions:
Reg. S Compliance Category 2; TEFRA D
70.
Non Exempt Offer:
Not applicable
71.
United States Tax Considerations
The Notes are not Specified Securities for the purpose

6

PART B OTHER INFORMATION

1.
Listing and Admission to trading

(i)
Listing and admission to Application has been made by the Issuer (or on its
trading:
behalf) for the Notes to be listed on Euronext Paris
with effect from 23 November 2017.
(ii)
Estimate of total expenses EUR 10,075 including AMF fees
related
to
admission
to
trading:
2.
Ratings

Ratings:
The Notes to be issued are expected to be rated
Baa1
by
Moody's
Investors
Service
Ltd.
("Moody's"), A- by S&P Global Ratings, acting
through Standard & Poor's Credit Market Services
France SAS ("S&P"), A+ by Fitch France S.A.S.
("Fitch France") and A (high) by DBRS Ratings
Limited ("DBRS Limited").

Obligations rated Baa by Moody's 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.

As defined by S&P, an A- rating means that the
Issuer's capacity to meet its financial commitment
under the Notes is still strong. The minus (-) sign
shows the relative standing within the rating
category.

As defined by Fitch France an A+ rating denotes a
very low expectation of credit risk. It indicates a very
strong capacity for timely payment of financial
commitments. Such capacity is not significantly
vulnerable to foreseeable events.

As defined by DBRS Limited, an A rating means that
the Issuer's capacity for the payment of financial
obligations is considered substantial. Such capacity
may be vulnerable to future events, but qualifying
negative factors are considered manageable.

Each of Moody's, S&P, Fitch France and DBRS
Limited is established in the European Union and is
registered under Regulation (EC) No. 1060/2009 (as
amended).
3.
Interests of Natural and Legal Persons Involved in the Issue
Save for any 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.
Yield

Indication of yield:
1.543 per cent. per annum

As set out above, the yield is calculated at the Issue
Date on the basis of the Issue Price. It is not an

8

indication of future yield.
5.
Operational Information

(i)
ISIN:
XS1722801708
(ii)
Common Code:
172280170
(iii)
Any clearing system(s) other Not applicable
than
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
Yes. Note that the designation "yes" simply means
manner which would allow
that the Notes are intended upon issue to be
Eurosystem eligibility:
deposited with one of the ICSDs as common safe-
keeper and does not necessarily mean that the
Notes will be recognised as eligible collateral for
Eurosystem monetary policy and intra day credit
operations by the Eurosystem either upon issue or at
any or all times during their life. Such recognition
will depend upon the ECB being satisfied that
Eurosystem eligibility criteria have been met.
(vii)
Name and address of
Not applicable
Registration Agent:

9