Obligation BNP Paribas 2.75% ( XS1325645825 ) en EUR

BNP Paribas

96.59 % ⇌

France

XS1325645825 ( en EUR )

2.75% par an ( paiement annuel )

26/01/2026

Prospectus brochure de l'obligation BNP Paribas XS1325645825 en EUR 2.75%, échéance 26/01/2026

100 000 EUR

750 000 000 EUR

27/01/2025 ( Dans 283 jours )

L'Obligation émise par BNP Paribas ( France ) , en EUR, avec le code ISIN XS1325645825, paye un coupon de 2.75% par an.
Le paiement des coupons est annuel et la maturité de l'Obligation est le 26/01/2026

CONFORMED COPY
Final Terms dated 25 November 2015
BNP PARIBAS
(incorporated in France)
(the Issuer)
Issue of 750,000,000 2.75 per cent. Subordinated Tier 2 Notes due 27 January 2026
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.

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 9 June 2015 which received visa n° 15-263 from the Autorité des marchés
financiers ("AMF") on 9 June 2015 and the Supplements to the Base Prospectus dated 6 August 2015
and 10 November 2015 which together constitute a base prospectus for the purposes of the Directive
2003/71/EC (the "Prospectus Directive") (the "Base Prospectus"). This document constitutes the
Final Terms of the Notes described herein for the purposes of Article 5.4 of the Prospectus Directive,
and must be read in conjunction with the Base Prospectus. Full information on the Issuer and the offer
of 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 Supplements 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), 33, rue de Gasperich, Howald - Hesperange, L-2085
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 Supplements to the
Base Prospectus will also be available on the AMF website (www.amf-france.org). A copy of these
Final Terms and the Base Prospectus and the Supplements 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:
17500
(ii)
Tranche Number:
1
3.
Specified Currency:
Euro ("EUR")
4.
Aggregate Nominal Amount:

(i)
Series:
EUR 750,000,000
(ii)
Tranche:
EUR 750,000,000
5.
Issue Price of Tranche:
99.411 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
8.
(i)
Issue Date and Interest
27 November 2015
Commencement Date:
(ii)
Interest Commencement
Not applicable
Date (if different from the
Issue Date):
9.
Maturity Date:
27 January 2026
10.
Form of Notes:
Bearer
11.
Interest Basis:
2.75 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:
Subordinated
18.
Knock-in Event:
Not applicable
19.
Knock-out Event:
Not applicable
20.
Method of distribution:
Syndicated
21.
Hybrid Securities:
Not applicable
22.
Interest:
Applicable
(i)
Interest Periods:
From and including the Interest Commencement Date
to but excluding the Interest Payment Date falling on
27 January 2016 (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:
27 January in each year
(iii)
Business Day Convention
Not applicable
for Interest Period End
Dates:
(iv)
Interest Payment Dates:
27 January in each year from and including 27
January 2016 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 Amount
(if not the Calculation
Agent):
(vii)
Margins:
Not applicable
(viii)
Minimum Interest Rate:
Not applicable
(ix)
Maximum Interest Rate:
Not applicable
(x)
Day Count Fraction:
Actual/Actual (ICMA)
(xi)
Determination Dates:
27 January in each year
(xii)
Accrual to Redemption:
Applicable
(xiii)
Rate of Interest:
Fixed Rate
(xiv)
Coupon Rate:
Not applicable
23.
Fixed Rate Provisions:
Applicable
(i)
Fixed Rate of Interest:
2.75 per cent. per annum payable annually in arrear
on each Interest Payment Date
(ii)
Fixed Coupon Amount:
EUR 27.50 per Calculation Amount, except in respect
of the first Interest Period.
(iii)
Broken Amount:
EUR 4.60 per Calculation Amount, payable on the
Interest Payment Date falling on 27 January 2016 for
the
period
from
and
including
the
Interest
Commencement Date to but excluding 27 January
2016.

(iv)
Resettable Notes:
Not applicable
24.
Floating Rate Provisions:
Not applicable
25.
Screen Rate Determination:
Not applicable
26.
ISDA Determination:
Not applicable
27.
FBF Determination:
Not applicable
28.
Zero Coupon Provisions:
Not applicable
29.
Index Linked Interest Provisions:
Not applicable
30.
Share Linked Interest Provisions:
Not applicable
31.
Inflation Linked Interest Provisions:
Not applicable
32.
Commodity Linked Interest
Not applicable
Provisions:
33.
Fund Linked Interest Provisions:
Not applicable
34.
ETI Linked Interest Provisions:
Not applicable
35.
Foreign Exchange (FX) Rate Linked
Not applicable
Interest Provisions:
36.
Underlying Interest Rate Linked
Not applicable
Interest Provisions:
37.
Additional Business Centres
Not applicable
(Condition 3(e) of the Terms and
Conditions of the English Law Notes
or Condition 3(e) of the Terms and
Conditions of the French Law Notes,
as the case may be):
38.
Final Redemption:
Calculation Amount x 100 per cent.
39.
Final Payout:
Not applicable
40.
Automatic Early Redemption:
Not applicable
41.
Issuer Call Option:
Not applicable
42.
Noteholder Put Option:
Not applicable
43.
Aggregation:
Not applicable
44.
Index Linked Redemption Amount:
Not applicable
45.
Share Linked Redemption Amount:
Not applicable
46.
Inflation Linked Redemption
Not applicable
Amount:
47.
Commodity Linked Redemption
Not applicable
Amount:
48.
Fund Linked Redemption Amount:
Not applicable
49.
Credit Linked Notes:
Not applicable
50.
ETI Linked Redemption Amount:
Not applicable
51.
Foreign Exchange (FX) Rate Linked
Not applicable
Redemption Amount:
52.
Underlying Interest Rate Linked
Not applicable
Redemption Amount:

53.
Early Redemption Amount:
Calculation Amount x 100 per cent.
54.
Provisions applicable to Physical
Not applicable
Delivery:
55.
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:
56.
CNY Payment Disruption Event:
Not applicable
GENERAL PROVISIONS APPLICABLE TO THE NOTES
57.
Form of Notes:
Bearer Notes
New Global Note:
No

Temporary Bearer Global Note exchangeable for a
Permanent Bearer Global Note which is exchangeable
for definitive Bearer Notes only upon an Exchange
Event.
58.
Financial Centres or other special
Not applicable
provisions relating to Payment Days
for the purposes of Condition 4(a):
59.
Identification information of Holders:
Not applicable
60.
Talons for future Coupons or
No
Receipts to be attached to definitive
Notes (and dates on which such
Talons mature):
61.
Details relating to Partly Paid Notes:
Not applicable
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 Global Note,
consequences of failure to pay,
including any right of the Issuer to
forfeit the Notes and interest due on
late payment:
62.
Details relating to Notes redeemable
Not applicable
in instalments: amount of each
instalment, date on which each
payment is to be made:
63.
Redenomination,
renominalisation Not applicable
and reconventioning provisions:
64.
Masse (Condition 12 of the Terms Not applicable
and Conditions of the French Law
Notes):
65.
Governing law:
English law. Condition 2(b) is governed by French law.
66.
Calculation Agent:
BNP Paribas Securities Services
DISTRIBUTION

67.
(i)
If syndicated, names of
Bookrunner and Joint Lead Manager:

Managers and underwriting
BNP Paribas UK Limited
commitments/quotas
(material features)
(EUR 510,000,000)
(specifying Lead Manager):
Joint Lead Managers:
Banca IMI S.p.A.
Banco Santander, S.A.
Danske Bank A/S
Standard Chartered Bank
(EUR 56,250,000 each)
Co-Lead Managers:
Bank of Montreal, London Branch
CIBC World Markets plc
(EUR 7,500,000 each)
(ii)
Stablisation Manager (if
BNP Paribas UK Limited
any):
(iii)
If non-syndicated, name of
Not applicable
relevant Dealer:
68.
U.S. Selling Restrictions:
Reg. S Compliance Category 2; TEFRA D
69.
Non exempt Offer:
Not applicable
RESPONSIBILITY
The Issuer accepts responsibility for the information contained in these Final Terms.
Signed on behalf of the Issuer:

By: [VERONIQUE FLOXOLI]
Duly authorised

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 admitted to trading on
Euronext Paris with effect from 27 November 2015.
(ii)
Estimate of total expenses
EUR 12,600
related to admission to
trading:
2.
Ratings

Ratings:
The Notes to be issued are expected to be rated BBB
by Standard & Poor's Credit Market Services France
SAS ("Standard & Poor's"), Baa2 by Moody's
Investors Service Ltd. ("Moody's") and A by Fitch
France S.A.S. ("Fitch France").

Each of Standard & Poor's, Moody's and Fitch France
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 the 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.
Fixed Rate Notes only  Yield

Indication of yield:
2.818 per cent.

As set out above, the yield is calculated at the Issue
Date on the basis of the Issue Price. It is not an
indication of future yield
5.
Floating Rate Notes only  Historic Interest Rates
Not applicable
6.
Performance of Index/ Share/ Commodity/ Inflation/ Foreign Exchange Rate/ Fund/
Reference Entity/ Entities/ ETI Interest/ Underlying Interest Rate and Other Information
concerning the Underlying Reference
Not applicable
7.
OPERATIONAL INFORMATION

(i)
ISIN:
XS1325645825
(ii)
Common Code:
132564582
(iii)
Any clearing systems other
Not applicable
than Euroclear and
Clearstream, Luxembourg
approved by the Issuer and
the Principal Paying Agent
and the relevant
identification numbers:
(iv)
Delivery:
Delivery against payment
(v)
Additional Paying Agents (if
Not applicable
any):
(vi)
Intended to be held in a
No. Whilst the designation is specified as "no" at the

manner which would allow
date of these Final Terms, should the Eurosystem
Eurosystem eligibility:
eligibility criteria be amended in the future such that
the Notes are capable of meeting them the Notes may
then be deposited with one of the ICSDs as common
safe-keeper. Note that this does not necessarily
mean that the Notes will then be recognised as
eligible collateral for Eurosystem monetary policy and
intra day credit operations by the Eurosystem at any
time 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:
8.
Public Offers
Not applicable
9.
Placing and Underwriting
Not applicable