FINAL TERMS FOR CERTIFICATES
The Base Prospectus expires on 31 May 2024 and the Issuer intends that the Base Prospectus will be
updated before expiry. The updated base prospectus will be available on https://rates-
globalmarkets.bnpparibas.com/documents/legaldocs/resourceindex.htm.
FINAL TERMS DATED 22 APRIL 2024
BNP Paribas Issuance B.V.
(incorporated in The Netherlands)
(as Issuer)
Legal entity identifier (LEI): 7245009UXRIGIRYOBR48
BNP Paribas
(incorporated in France)
(as Guarantor)
Legal entity identifier (LEI): R0MUWSFPU8MPRO8K5P83
Up to SEK 100,000,000 6Y Certificate on Franklin Templeton India Fund ("3071 Fondobligation
Indien") due 27 June 2030
under the Note, Warrant and Certificate Programme
of BNP Paribas Issuance B.V., BNP Paribas and BNP Paribas Fortis Funding
The Base Prospectus received approval no. 23-197 on 31 May 2023
ISIN Code: SE0021924222
BNP Paribas Financial Markets S.N.C.
(as Manager)
Any person making or intending to make an offer of the Securities may only do so:
- in those Non-exempt Offer Jurisdictions mentioned in Paragraph 47 of Part A below, provided such person is a Manager or an Authorised Offeror (as such term is defined in the Base Prospectus) and that the offer is made during the Offer Period specified in that paragraph and that any conditions relevant to the use of the Base Prospectus are complied with; or
- otherwise in circumstances in which no obligation arises for the Issuer, the Guarantor or any Manager to publish a prospectus pursuant to Article 3 of the Prospectus Regulation or to supplement a prospectus pursuant to Article 23 of the Prospectus Regulation, in each case, in relation to such offer.
None of the Issuer, the Guarantor or any Manager has authorised, nor do they authorise, the making of any offer of Securities in any other circumstances.
Investors should note that if a supplement to or an updated version of the Base Prospectus referred to below is published at any time during the Offer Period (as defined below), such supplement or updated base prospectus, as the case may be, will be published and made available in accordance with the arrangements applied to the original publication of these Final Terms. Any investors who have indicated acceptances of the Offer (as defined below) prior to the date of publication of such supplement or updated version of the Base Prospectus,
1
as the case may be, (the "Publication Date") have the right within two working days of the Publication Date to withdraw their acceptances.
Investors who, before the Base Prospectus is published, have already agreed to purchase or subscribe for the Securities which are the subject of the Non-exempt Offer, where the Securities have not yet been delivered to such investors, have the right, exercisable within the period of two working days after the publication of the Base Prospectus to withdraw their acceptances.
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 in the Base Prospectus dated 31 May 2023 and 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) notwithstanding the publication and approval of any other Supplement to the 2023 Base Prospectus (each a "2023 Future Supplement") which may have been published and approved after the date of these Final Terms and before the end of the public offer period of the Securities to which these Final Terms relate (together, the "2023 Base Prospectus") and/or an updated Base Prospectus (and any Supplement(s) thereto, each a "2024 Future Supplement"), which will replace the 2023 Base Prospectus (the "2024 Base Prospectus") (the date of any such publication and approval, each a "Publication Date"). This document constitutes the Final Terms of the Securities described herein for the purposes of Regulation (EU) 2017/1129 (the "Prospectus Regulation") and (i) prior to any Publication Date, must be read in conjunction with the 2023 Base Prospectus or (ii) on and after any Publication Date must be read in conjunction with the 2023 Base Prospectus, as supplemented by any 2023 Future Supplement as at such date or, as applicable, the 2024 Base Prospectus, as supplemented by any 2024 Future Supplement as at such date, save in respect of the Conditions which are extracted from the 2023 Base Prospectus to obtain all the relevant information. The 2023 Base Prospectus, as supplemented, constitutes, and the 2024 Base Prospectus will constitute, a base prospectus for the purposes of the Prospectus Regulation. The Issuer has in the 2023 Base Prospectus given consent to the use of the 2023 Base Prospectus in connection with the offer of the Securities. Such consent will be valid until the date that is twelve months following the date of the 2023 Base Prospectus. The Issuer will in the 2024 Base Prospectus give consent to the use of the 2024 Base Prospectus in connection with the offer of the Securities. A summary of the Securities is annexed to these Final Terms. The 2023 Base Prospectus , as supplemented, and these
Final Terms are available, and the 2024 Base Prospectus will be available for viewing on https://rates- globalmarkets.bnpparibas.com/gm/Public/LegalDocs.aspxand 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.
2
SPECIFIC PROVISIONS FOR EACH SERIES
SERIES | NO. OF | NO OF | ISIN | COMMON CODE | ISSUE | REDEM | |
NUMBE | SECURIT SECURIT | PRICE | PTION | ||||
R | IES | IES | PER | DATE | |||
ISSUED | SECURIT | ||||||
Y | |||||||
CE7304S Up | to Up | to SE0021924222 | Notice of the Common Code | 104.25% | 27 June | ||
CE | 10,000 | 10,000 | will be published after the | 2030 | |||
Trade Date in the same | |||||||
manner as the publication of | |||||||
these Final Terms and be | |||||||
available by accessing | the | ||||||
following | link: | ||||||
http://eqdpo.bnpparibas.com | |||||||
/ SE0021924222 |
GENERAL PROVISIONS
The following terms apply to each series of Securities:
1. | Issuer: | BNP Paribas Issuance B.V. |
2. | Guarantor: | BNP Paribas |
3. | Trade Date: | 13 June 2024 |
4. | Issue Date: | 27 June 2024 |
5. | Consolidation: | Not applicable |
6. | Type of Securities: | Certificates |
The Securities are Fund Securities. | ||
The provisions of Annex 9 (Additional Terms | ||
and Conditions for Fund Securities) shall apply. | ||
Unwind Costs: Applicable | ||
7. | Form of Securities: | Swedish Dematerialised Securities |
8. | Business Day Centre(s): | The applicable Business Day Centre for the |
purposes of the definition of "Business Day" in | ||
Condition 1 is Stockholm. | ||
9. | Settlement: | Settlement will be by way of cash payment |
(Cash Settled Securities). |
10. Rounding Convention for Cash Settlement Not applicable Amount:
3
- Variation of Settlement:
- Issuer's option to vary settlement:
-
Final Payout
SPS Payouts
The Issuer does not have the option to vary settlement in respect of the Securities.
SPS Vanilla Products
Vanilla Call Securities
Constant Percentage 1 + Gearing * Max (Final
Redemption Value - Strike Percentage, Floor
Percentage)
Where
Average Underlying Reference Volatility Hedged Value means, in respect of a SPS Valuation Period, the arithmetic average of the Underlying Reference Volatility Hedged Values for all the SPS Valuation Dates in such SPS Valuation Period;
Constant Percentage 1 means 100%
Floor Percentage means 0%
Final Redemption Value means the Average Underlying Reference Volatility Hedged Value
Gearing or G is a percentage expected to be about 180% but which will not be less than 150% as determined by the Issuer on Trade Date after the end of the Offer Period. Notice of the rate will be published in the same manner as publication of these Final Terms.
SPS Valuation Date means the SPS Redemption Valuation Date
SPS Redemption Valuation Date means
t | Averaging Datet |
1 | June 14th, 2029 |
2 | July 16th, 2029 |
3 | August 14th, 2029 |
4 | September 14th, 2029 |
5 | October 15th, 2029 |
6 | November 14th, 2029 |
7 | December 14th, 2029 |
8 January 14th, 2030
4
9 | February 14th, 2030 |
10 | March 14th, 2030 |
11 | April 15th, 2030 |
12 | May 14th, 2030 |
13 | June 14th, 2030 |
SPS Valuation Period means the SPS Redemption Valuation Period
SPS Redemption Valuation Period means from and including 14 June 2029 to and including 14 June 2030
Strike Percentage means 100%
Excess Return: Applicable
Underlying Reference Volatility Hedged Value means, in respect of an ACT Day, the rate determined by the Calculation Agent:
provided that the Underlying Reference Volatility Hedged Value on the Strike Date is Underlying Reference Volatility Hedged Value0.
Where:
ACT Day means each day that is an Underlying Reference Valuation Day and a Strategy Business Day
Underlying Reference Valuation Day means a Fund Business Day
Underlying Reference Volatility Hedged Valuet-1 means, in respect of an ACT Day, the Underlying Reference Volatility Hedged Value on the ACT Day immediately preceding such day
Underlying Reference Volatility Hedged Value0 means 1
Constant Percentage1 means 0%
Constant Percentage2 means 0%
5
Constant Percentage3 means 100%
BasketERt means, in respect of an ACT Day, the level determined by the Calculation Agent in accordance with the following formula:
provided that the BasketERt for the Initial ACT DAY will be BasketER0
BasketERt-1 means, in respect of an ACT Day, the BasketERt for the ACT Day immediately preceding such day.
BasketER0 means 1
Baskett means, in respect of an ACT Day, the level determined by the Calculation Agent in accordance with the following formula:
provided that Baskett for the Initial ACT Day will be Basket Level0.
Baskett-1 means, in respect of an ACT Day, Baskett for the ACT Day immediately preceding such day
Basket Level0 means 1
n means 1
means, in respect of an Underlying Reference and an ACT Day, the Underlying Reference Closing Price Value in respect of such day
Levelk,t-1 means, in respect of an Underlying Reference and an ACT Day, the Underlying Reference Closing Price Value on the immediately preceding ACT Day
Underlying Reference Closing Price Value
means, in respect of a SPS Valuation Date, the NAV per Fund Share in respect of such day
Pk means 100%
6
Underlying Reference means
Underlying | Strike Date (t=0) |
Reference | |
FRAIAAS LX Equity | 14 June 2024 |
Reference Ratet-1 means, in respect of an ACT Day, the Reference Floating Rate for such day as specified in these Final Terms
Reference Floating Rate means, in respect of an ACT Day, the Reference Floating Rate Option in respect of the Rate Calculation Date for such day appearing on the Reference Floating Rate Option Page at the Reference Floating Rate Option Time.
Reference Floating Rate Option means, the 3- month STIBOR rate, published as of 11:00 am LONDON time on two London Business Days prior to Strategy Business Day t as determined by the Calculation Agent.
Leverage Ratet-1 means, in respect of an ACT Day, 0%
ACT(t-1,t) means, in respect of an ACT Day, the number of calendar days from (but excluding) the ACT Day immediately preceding such ACT Day to (and including) such ACT Day
AF means 2.00%
Wt means in respect of an ACT Day, the percentage determined by the Calculation Agent in accordance with the following formula:
provided that Wt on the Strike Date is W0
Max Exposure means 150%
Lag 2 is Applicable
W0 = W1 = W*1 means 100%
W*t means,
If Wt-1 is equal to Wt-2 :
7
- means Wt-2 Targetif Wt-2 > (1 + Tolerance) * Wt-2 Target
- means Wt-2 Targetif Wt-2< (1 - Tolerance) * W t-2 Target
- means Wt-1otherwise
If Wt-1 is not equal to Wt-2 :
- means Wt-2 Targetif Wt-1 > (1 + Tolerance) * Wt-2 Target
- means Wt-2 Targetif Wt-1< (1 - Tolerance) * W t-2 Target
- means Wt-1otherwise
Tolerance means 5%
Wt Target means, in respect of an ACT Day, the percentage determined by the Calculation Agent in accordance with the following formula:
Target Volatility means 18%
Max Exposure (relating to the Wt Target formula) is Not applicable
Min Exposure is Not applicable
Vol xt means, in respect of an ACT Day, the level determined by the Calculation Agent in accordance with the following formula:
8
means, in respect of an Underlying Reference and an ACT Day, the amount determined by the Calculation Agent in accordance with the following formula:
Vol yt means, in respect of an ACT Day, the level determined by the Calculation Agent in accordance with the following formula:
y means 20 | ||
Reference Value: | 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 Swedish Krona | ||
("SEK"). | ||
17. | Syndication: | The Securities will be distributed on a non- |
syndicated basis. | ||
18. | Minimum Trading Size: | 1 Certificate (SEK 10,000) |
19. Agent(s):
(a) Principal Security Agent: | The Swedish Security Agent is indicated in § 6 | |
of Part B - "Other Information" | ||
(b) Security Agent(s): | Not applicable | |
20. | Registrar: | Not applicable |
21. | Calculation Agent: | BNP Paribas Financial Markets S.N.C. |
22. | Governing law: | English law |
9
23. | Masse provisions (Condition 9.4) | Not Applicable | |
PRODUCT SPECIFIC PROVISIONS | |||
24. | Hybrid Securities: | Not applicable | |
25. | Index Securities: | Not applicable | |
26. | Share Securities/ETI Share Securities: | Not 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: | Applicable | |
(a) | Fund/Fund Basket/Fund Index/Fund | Franklin Templeton India Fund | |
Indices: | |||
The Franklin Templeton India Fund is a Mutual | |||
Fund | |||
(b) | Fund Share(s): | Franklin Templeton India Fund (Bloomberg: | |
FRAIAAS LX Equity) (ISIN: LU0626261605) | |||
(c) | Fund Documents: | As per Conditions | |
(d) | Fund Business Day: | Single Fund Share Basis | |
(e) | Maximum Days of Disruption: | As per Conditions | |
(f) | Fund Service Provider: | As per Conditions | |
(g) | Calculation Date(s): | As per Conditions | |
(h) | Initial Calculation Date: | Strike Date | |
(i) | Final Calculation Date: | Redemption Valuation Date | |
(j) | Hedging Date: | 13 June 2024 | |
(k) | AUM Level: | EUR 50,000,000 or currency equivalent | |
(l) | NAV Trigger Percentage: | Means if the NAV falls by 50% during the NAV | |
Triger Period | |||
(m) | NAV Trigger Period: | 10 business days | |
(n) | Volatility Trigger Event: | Not applicable | |
10 |
Pour lire la suite de ce noodl, vous pouvez consulter la version originale ici.
Attachments
- Original Link
- Original Document
- Permalink
Disclaimer
BNP Paribas SA published this content on 23 April 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 23 April 2024 08:35:03 UTC.