FINAL TERMS DATED 12 NOVEMBER 2013 BNP Paribas Arbitrage Issuance B.V. (incorporated in The Netherlands) (as Issuer) BNP Paribas (incorporated in France) (as Guarantor) (Note, Warrant and Certificate Programme) SEK "Mini Future" Certificates relating to a Share BNP Paribas Arbitrage S.N.C. (as Manager) Any person making or intending to make an offer of the Securities may only do so: (i) (ii) in those Public Offer jurisdictions mentioned in Paragraph 47 of Part A below, provided such person is of a kind specified in that paragraph and that the offer is made during the Offer Period specified in that paragraph; or otherwise 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, the Guarantor or any Manager has authorised, nor do they authorise, the making of any offer of Securities in any other circumstances. The expression "Prospectus Directive" means Directive 2003/71/EC (and amendments thereto, including the 2010 PD Amending Directive, to the extent implemented in the Relevant Member State), and includes any relevant implementing measure in the Relevant Member State and the expression "2010 PD Amending Directive" means Directive 2010/73/EU. 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 3 June 2013, 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. 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. 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, any Supplement(s) to the Base Prospectus and these Final Terms are available for viewing on the following website: educatedtrading.bnpparibas.se for public offering in Sweden and copies may be obtained free of charge at the specified offices of the Security Agents. The Base Prospectus and the Supplement(s) 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" 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. 1 / 14
SPECIFIC PROVISIONS FOR EACH SERIES Series Number / ISIN Code No. of No. of Securities Securities issued Local Code Issue Price per Security Call / Put Exercise Price Capitalised Exercise Price Rounding Rule Security Threshold Rounding Rule Security Percenta ge Interbank Rate 1 Screen Page Financing Rate Percentage Redemption Date NL0010573879 100,000 100,000 MINILONG AMAZN BNP1 SEK 56.80 Call USD 259.40 Upwards 8 digits Upwards 2 digits 5% USDLIBOR1M= +2.50% 10 NL0010573887 100,000 100,000 MINILONG AMAZN BNP2 SEK 45.44 Call USD 276.70 Upwards 8 digits Upwards 2 digits 5% USDLIBOR1M= +2.50% 10 NL0010573895 100,000 100,000 MINILONG AMAZN BNP3 SEK 34.07 Call USD 294 Upwards 8 digits Upwards 2 digits 5% USDLIBOR1M= +2.50% 10 NL0010573903 100,000 100,000 MINISHRT AMAZN BNP1 SEK 27.29 Put USD 387.40 Upwards 8 digits Upwards 2 digits 5% USDLIBOR1M= -2.50% 10 NL0010573911 100,000 100,000 MINISHRT AMAZN BNP2 SEK 43.19 Put USD 411.60 Upwards 8 digits Upwards 2 digits 5% USDLIBOR1M= -2.50% 10 NL0010573929 75,000 75,000 MINILONG APPLE BNP13 SEK 43.78 Call USD 448.30 Upwards 8 digits Upwards 2 digits 5% USDLIBOR1M= +2.50% 10 NL0010573937 15,000 15,000 MINISHRT ASSA BNP3 SEK 77.50 Put SEK 402.30 Upwards 8 digits Upwards 2 digits 5% STIBOR1M= -2.50% 1 NL0010573945 50,000 50,000 MINILONG AXIS BNP1 SEK 57.80 Call SEK 173.50 Upwards 8 digits Upwards 2 digits 5% STIBOR1M= +2.50% 1 NL0010573952 50,000 50,000 MINILONG AXIS BNP2 SEK 46.20 Call SEK 185.10 Upwards 8 digits Upwards 2 digits 5% STIBOR1M= +2.50% 1 NL0010573960 50,000 50,000 MINILONG AXIS BNP3 SEK 34.60 Call SEK 196.70 Upwards 8 digits Upwards 2 digits 5% STIBOR1M= +2.50% 1 NL0010573978 500,000 500,000 MINILONG ERIC BNP13 SEK 19.85 Call SEK 59.50 Upwards 8 digits Upwards 2 digits 5% STIBOR1M= +2.50% 1 NL0010573986 250,000 250,000 MINILONG FACE BNP9 SEK 7.86 Call USD 35.80 Upwards 8 digits Upwards 2 digits 5% USDLIBOR1M= +2.50% 10 NL0010573994 250,000 250,000 MINILONG FACE BNP10 SEK 6.28 Call USD 38.20 Upwards 8 digits Upwards 2 digits 5% USDLIBOR1M= +2.50% 10 NL0010574000 250,000 250,000 MINILONG FACE BNP11 SEK 4.70 Call USD 40.60 Upwards 8 digits Upwards 2 digits 5% USDLIBOR1M= +2.50% 10 NL0010574018 250,000 250,000 MINISHRT FACE BNP1 SEK 5.35 Put USD 55.90 Upwards 8 digits Upwards 2 digits 5% USDLIBOR1M= -2.50% 10 NL0010574026 250,000 250,000 MINISHRT FACE BNP2 SEK 6.92 Put USD 58.30 Upwards 8 digits Upwards 2 digits 5% USDLIBOR1M= -2.50% 10 NL0010574034 250,000 250,000 MINISHRT FACE BNP3 SEK 9.42 Put USD 62.10 Upwards 8 digits Upwards 2 digits 5% USDLIBOR1M= -2.50% 10 NL0010574042 250,000 250,000 MINISHRT FACE BNP4 SEK 11.92 Put USD 65.90 Upwards 8 digits Upwards 2 digits 5% USDLIBOR1M= -2.50% 10 NL0010574059 100,000 100,000 MINILONG GOOGL BNP11 SEK 110.70 Call USD 843.50 Upwards 8 digits Upwards 2 digits 5% USDLIBOR1M= +2.50% 10 NL0010574067 100,000 100,000 MINISHRT GOOGL BNP9 SEK 79.77 Put USD 1,133.40 Upwards 8 digits Upwards 2 digits 5% USDLIBOR1M= -2.50% 10 NL0010574075 100,000 100,000 MINISHRT GOOGL BNP10 SEK 126.28 Put USD 1,204.20 Upwards 8 digits Upwards 2 digits 5% USDLIBOR1M= -2.50% 10 NL0010574083 20,000 20,000 MINISHRT HEXA BNP3 SEK 48.50 Put SEK 245 Upwards 8 digits Upwards 2 digits 5% STIBOR1M= -2.50% 1 NL0010574091 200,000 200,000 MINISHRT HM BNP8 SEK 32.40 Put SEK 302.20 Upwards 8 digits Upwards 2 digits 5% STIBOR1M= -2.50% 1 NL0010574109 60,000 60,000 MINILONG MEDA BNP6 SEK 9.15 Call SEK 64.80 Upwards 8 digits Upwards 2 digits 5% STIBOR1M= +2.50% 1 NL0010574117 60,000 60,000 MINISHRT MEDA BNP3 SEK 16.75 Put SEK 90.70 Upwards 8 digits Upwards 2 digits 5% STIBOR1M= -2.50% 1 NL0010574125 25,000 25,000 MINILONG MILLI BNP1 SEK 150 Call SEK 450 Upwards 8 digits Upwards 2 digits 5% STIBOR1M= +2.50% 1 NL0010574133 25,000 25,000 MINILONG MILLI BNP2 SEK 120 Call SEK 480 Upwards 8 digits Upwards 2 digits 5% STIBOR1M= +2.50% 1 NL0010574141 25,000 25,000 MINILONG MILLI BNP3 SEK 90 Call SEK 510 Upwards 8 digits Upwards 2 digits 5% STIBOR1M= +2.50% 1 NL0010574158 30,000 30,000 MINISHRT SCV BNP3 SEK 32.10 Put SEK 162.60 Upwards 8 digits Upwards 2 digits 5% STIBOR1M= -2.50% 1 Parity 2 / 14
Series Number / ISIN Code No. of No. of Securities Securities issued Local Code Issue Price per Security Call / Put Exercise Price Capitalised Exercise Price Rounding Rule Security Threshold Rounding Rule Security Percenta ge Interbank Rate 1 Screen Page Financing Rate Percentage Redemption Date NL0010574166 100,000 100,000 MINILONG SKA BNP10 SEK 30.70 Call SEK 91.90 Upwards 8 digits Upwards 2 digits 5% STIBOR1M= +2.50% 1 NL0010574174 500,000 500,000 MINILONG SSAB BNP12 SEK 7.06 Call SEK 39.10 Upwards 8 digits Upwards 2 digits 5% STIBOR1M= +2.50% 1 NL0010574182 1,000,000 1,000,000 MINISHRT STORA BNP13 SEK 15.95 Put SEK 79.50 Upwards 8 digits Upwards 2 digits 5% STIBOR1M= -2.50% 1 NL0010574190 500,000 500,000 MINILONG TWITT BNP1 SEK 11.89 Call USD 27.20 Upwards 8 digits Upwards 2 digits 5% USDLIBOR1M= +2.50% 10 NL0010574208 500,000 500,000 MINILONG TWITT BNP2 SEK 9.53 Call USD 30.80 Upwards 8 digits Upwards 2 digits 5% USDLIBOR1M= +2.50% 10 NL0010574216 500,000 500,000 MINILONG TWITT BNP3 SEK 7.42 Call USD 34 Upwards 8 digits Upwards 2 digits 5% USDLIBOR1M= +2.50% 10 NL0010574224 500,000 500,000 MINILONG TWITT BNP4 SEK 5.91 Call USD 36.30 Upwards 8 digits Upwards 2 digits 5% USDLIBOR1M= +2.50% 10 NL0010574232 500,000 500,000 MINILONG TWITT BNP5 SEK 4.40 Call USD 38.60 Upwards 8 digits Upwards 2 digits 5% USDLIBOR1M= +2.50% 10 NL0010574240 500,000 500,000 MINISHRT VOLV BNP10 SEK 20.60 Put SEK 104.70 Upwards 8 digits Upwards 2 digits 5% STIBOR1M= -2.50% 1 Parity Series Number / ISIN Code Share Share Currency ISIN of Share Reuters Code of Share Share Company Website Exchange Exchange Website NL0010573879 Amazon.com Inc USD US0231351067 AMZN.OQ www.amazon.com NASDAQ www.nasdaq.com NL0010573887 Amazon.com Inc USD US0231351067 AMZN.OQ www.amazon.com NASDAQ www.nasdaq.com NL0010573895 Amazon.com Inc USD US0231351067 AMZN.OQ www.amazon.com NASDAQ www.nasdaq.com NL0010573903 Amazon.com Inc USD US0231351067 AMZN.OQ www.amazon.com NASDAQ www.nasdaq.com NL0010573911 Amazon.com Inc USD US0231351067 AMZN.OQ www.amazon.com NASDAQ www.nasdaq.com NL0010573929 Apple Inc USD US0378331005 AAPL.OQ www.apple.com NASDAQ www.nasdaq.com NL0010573937 Assa Abloy ser. B SEK SE0000255648 ASSAb.ST www.assaabloy.com Nasdaq OMX NL0010573945 Axis AB SEK SE0000672354 AXIS.ST www.axis.com Nasdaq OMX NL0010573952 Axis AB SEK SE0000672354 AXIS.ST www.axis.com Nasdaq OMX NL0010573960 Axis AB SEK SE0000672354 AXIS.ST www.axis.com Nasdaq OMX NL0010573978 Ericsson ser. B SEK SE0000108656 ERICb.ST www.ericsson.com Nasdaq OMX NL0010573986 Facebook Inc USD US30303M1027 FB.OQ www.facebook.com NASDAQ www.nasdaq.com NL0010573994 Facebook Inc USD US30303M1027 FB.OQ www.facebook.com NASDAQ www.nasdaq.com NL0010574000 Facebook Inc USD US30303M1027 FB.OQ www.facebook.com NASDAQ www.nasdaq.com NL0010574018 Facebook Inc USD US30303M1027 FB.OQ www.facebook.com NASDAQ www.nasdaq.com NL0010574026 Facebook Inc USD US30303M1027 FB.OQ www.facebook.com NASDAQ www.nasdaq.com 3 / 14
Series Number / ISIN Code Share Share Currency ISIN of Share Reuters Code of Share Share Company Website Exchange Exchange Website NL0010574034 Facebook Inc USD US30303M1027 FB.OQ www.facebook.com NASDAQ www.nasdaq.com NL0010574042 Facebook Inc USD US30303M1027 FB.OQ www.facebook.com NASDAQ www.nasdaq.com NL0010574059 Google Inc USD US38259P5089 GOOG.OQ www.google.com NASDAQ www.nasdaq.com NL0010574067 Google Inc USD US38259P5089 GOOG.OQ www.google.com NASDAQ www.nasdaq.com NL0010574075 Google Inc USD US38259P5089 GOOG.OQ www.google.com NASDAQ www.nasdaq.com NL0010574083 Hexagon AB, ser B SEK SE0000103699 HEXAb.ST www.hexagon.com Nasdaq OMX NL0010574091 Hennes & Mauritz ser. B SEK SE0000106270 HMb.ST www.hm.com Nasdaq OMX NL0010574109 Meda AB, ser A SEK SE0000221723 MEDAa.ST www.meda.se Nasdaq OMX NL0010574117 Meda AB, ser A SEK SE0000221723 MEDAa.ST www.meda.se Nasdaq OMX NL0010574125 NL0010574133 NL0010574141 Millicom International Cellular SA SDB Millicom International Cellular SA SDB Millicom International Cellular SA SDB SEK SE0001174970 MICsdb.ST www.millicom.com Nasdaq OMX SEK SE0001174970 MICsdb.ST www.millicom.com Nasdaq OMX SEK SE0001174970 MICsdb.ST www.millicom.com Nasdaq OMX NL0010574158 Scania ser. B SEK SE0000308280 SCVb.ST www.scania.se Nasdaq OMX NL0010574166 Skanska ser. B SEK SE0000113250 SKAb.ST www.skanska.se Nasdaq OMX NL0010574174 SSAB ser. A SEK SE0000171100 SSABa.ST www.ssab.com Nasdaq OMX NL0010574182 Stora Enso ser. R (SEK) SEK FI0009007611 STEr.ST www.storaenso.com Nasdaq OMX NL0010574190 Twitter Inc USD US90184L1026 TWTR.N www.twitter.com New York Stock Exchange (NYSE) NL0010574208 Twitter Inc USD US90184L1026 TWTR.N www.twitter.com New York Stock Exchange (NYSE) NL0010574216 Twitter Inc USD US90184L1026 TWTR.N www.twitter.com New York Stock Exchange (NYSE) NL0010574224 Twitter Inc USD US90184L1026 TWTR.N www.twitter.com New York Stock Exchange (NYSE) NL0010574232 Twitter Inc USD US90184L1026 TWTR.N www.twitter.com New York Stock Exchange (NYSE) www.nyse.se www.nyse.se www.nyse.se www.nyse.se www.nyse.se 4 / 14
Series Number / ISIN Code Share Share Currency ISIN of Share Reuters Code of Share Share Company Website Exchange Exchange Website NL0010574240 AB Volvo Ser. B SEK SE0000115446 VOLVb.ST www.volvo.com Nasdaq OMX 5 / 14
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: 8 November 2013. 4. Issue Date: 12 November 2013. 5. Consolidation: 6. Type of Securities: (a) Certificates. (b) The Securities are Share Securities. The provisions of Annex 3 (Additional Terms and Conditions for Share Securities) and Annex 15 (Additional Terms and Conditions for OET Certificates) shall apply. 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. 9. Settlement: Settlement will be by way of cash payment (Cash Settled Securities). 10. Rounding Convention for cash Settlement Amount: 11. Variation of Settlement: Issuer's option to vary settlement: 12. Final Payout: ETS Final Payout 2210. The Issuer does not have the option to vary settlement in respect of the Securities. Payout Switch: Aggregation: Call Securities or Put Securities. 13. Relevant Asset(s): 14. Entitlement: 15. Conversion Rate: The Conversion Rate on the Valuation Date or an Optional Redemption Valuation Date equals one if the relevant Share Currency is the same as the Settlement Currency or otherwise the rate of exchange (including any rates of exchange pursuant to which the relevant rate of exchange is derived) between the relevant Share Currency and the Settlement Currency (expressed as the amount of the Settlement Currency for which one unit of the Share Currency can be exchanged) as determined by the Calculation Agent by reference to such sources and at such time on the relevant day as the Calculation Agent may determine acting in good faith and in a commercially reasonable manner. 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: 19. Principal Security Agent: 20. Registrar: The Swedish Security Agent as indicated in 5 of Part B - "Other Information". 21. Calculation Agent: BNP Paribas Arbitrage S.N.C. 160-162 boulevard MacDonald, 75019 Paris, France. 6 / 14
22. Governing law: English law. 23. Masse provisions (Condition 9.4): PRODUCT SPECIFIC PROVISIONS 24. Index Securities: 25. Share Securities: Applicable. (a) Share(s)/Share Company/Baske t Company/GDR/ ADR: (b) Relative Performance Basket: (c) Share Currency: An ordinary share, or, if so indicated in "Specific Provisions for each Series" above, another share type in the share capital of the relevant Share Company (each a "Share"). See the Specific Provisions for each Series above. (d) ISIN of Share(s): (e) Exchange(s): (f) Related Exchange(s): (g) Exchange Business Day: (h) Scheduled Trading Day: (i) Weighting: (j) Settlement Price: (k) Specified Maximum Days of Disruption: See the Specific Provisions for each Series above. See the Specific Provisions for each Series above. All Exchanges. Single Share Basis. Single Share Basis. Official closing price. Twenty (20) Scheduled Trading Days. (l) Valuation Time: The Scheduled Closing Time as defined in Condition 1. (m) Delayed Redemption of Occurrence of an Extraordinary Event: (n) Share Correction Period: (o) Dividend Payment: (p) Listing Change: (q) Listing Suspension: (r) Illiquidity: (s) Tender Offer: As per Conditions. Applicable. Applicable. Applicable. Applicable. 26. ETI Securities: 27. Debt Securities: 28. Commodity Securities: 7 / 14
29. Inflation Index Securities: 30. Currency Securities: 31. Fund Securities: 32. Futures Securities: 33. Credit Securities: 34. Underlying Interest Rate Securities: 35. Preference Share Certificates: 36. OET Certificates: Applicable. (a) Final Price: As per OET Certificate Conditions. (b) Valuation Date: (c) Exercise Price: (d) Capitalised Exercise Price: (e) Capitalised Exercise Price Rounding Rule: (f) Dividend Percentage: (g) Financing Rate: (i) Interbank Rate 1 Screen Page: (ii) Interbank Rate 1 Specified Time: (iii) Interbank Rate 2 Screen Page: (iv) Interbank Rate 2 Specified Time: (v) Financing Rate Percentage: (vi) Financing Rate Range: (h) Automatic Early Redemption: (i) Automatic Early Redemption Payout: (ii) Automatic As per OET Certificate Conditions. See the Specific Provisions for each Series above. As per OET Certificate Conditions. OET Website(s): educatedtrading.bnpparibas.se Local Business Day Centre(s):. See the Specific Provisions for each Series above. 100 per cent. See the Specific Provisions for each Series above. As per OET Certificate Conditions. See the Specific Provisions for each Series above. In respect of Call Securities: +1.5% / +4%. In respect of Put Securities: -4% / -1.5%. Applicable. Automatic Early Redemption Payout 2210/1. The tenth Business Days following the Valuation Date. 8 / 14
Early Redemption Date: (iii) Observation Price: (iv) Observation Price Source: (v) Observation Price Time(s): (vi) Security Threshold: (vii) Security Threshold Rounding Rule: (viii) Security Percentage: (ix) Minimum Security Percentage: (x) Maximum Security Percentage: (xi) Reset Date: 37. Additional Disruption Events: 38. Optional Additional Disruption Events: Traded price. Exchange. At any time during the opening hours of the Exchange. As per OET Certificate Conditions. The Security Threshold in respect of a Relevant Business Day will be published as soon as practicable after its determination on the OET Website(s), as set out in 36(d). See the Specific Provisions for each Series above. See the Specific Provisions for each Series above. 0% 20% As per OET Certificate Conditions. Applicable. (a) The following Optional Additional Disruption Event applies to the Securities: Insolvency Filing. 39. Knock-in Event: 40. Knock-out Event: PROVISIONS RELATING TO WARRANTS (b) Delayed Redemption on Occurrence of an Additional Disruption Event and/or Optional Additional Disruption Event: 41. Provisions relating to Warrants: PROVISIONS RELATING TO CERTIFICATES 42. Provisions relating to Certificates: (a) Notional Amount of each Certificate: (b) Partly Paid Certificates: (c) Interest: (d) Instalment Certificates: (e) Issuer Call Option: Applicable. The Certificates are not Partly Paid Certificates. The Certificates are not Instalment Certificates. 9 / 14
(f) Holder Put Option: (i) Optional Redemption Date(s): (ii) Optional Redemption Valuation Date: (iii) Optional Redemption Amount(s): (iv) Minimum Notice Period: (v) Maximum Notice Period: (g) Automatic Early Redemption: (h) Renouncement Notice Cut-off Time: (i) Strike Date: (j) Strike Price: (k) Redemption Valuation Date: (l) Averaging: (m) Observation Dates: (n) Observation Period: (o) Settlement Business Day: (p) Cut-off Date: Applicable provided that (i) no Automatic Early Redemption Event has occurred and (ii) the Issuer has not already designated the Valuation Date in accordance with the OET Certificate Conditions. The day falling ten (10) Business Days immediately following the relevant Optional Redemption Valuation Date. The last Relevant Business Day in September in each year commencing in September of the calendar year after the Issue Date, subject to adjustment in the event that such day is a Disrupted Day as provided in the definition of Valuation Date in Condition 28. Put Payout 2210. Not less than 30 days prior to the next occurring Optional Redemption Valuation Date. Averaging does not apply to the Securities. DISTRIBUTION AND US SALES ELIGIBILITY 43. Selling Restrictions: 44. Additional U.S. Federal income tax consequences: 45. Registered broker/dealer: 46. TEFRA C or TEFRA: 47. Non exempt Offer: An offer of the Securities may be made by the Manager and BNP Paribas (the "Initial Authorised Offerors"), being persons to whom the Issuer has given consent, other than pursuant to Article 3(2) of the Prospectus Directive in Sweden (the "Public Offer Jurisdiction") during the period from (and including) the Issue Date until (and including) the date on which the Securities are delisted (the "Offer Period"). General Consent: See further Paragraph 6 of Part B below. 10 / 14
Other Conditions to consent: PROVISIONS RELATING TO COLLATERAL AND SECURITY 48. Collateral Security Conditions: 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:.Duly authorised 11 / 14
1. Listing and Admission to trading - De listing PART B - OTHER INFORMATION Application will be made to list the Securities on the Nordic Derivatives Exchange ( the "NDX") and to admit the Securities described herein for trading on the NDX with effect from the Issue Date. 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, Explanation of Effect on Value of Investment and Associated Risks and Other Information concerning the Underlying See Base Prospectus for an explanation of effect on value of Investment and associated risks in investing in Securities. Information on each Share shall be available on the relevant Share Company website as set out in "Specific Provisions for each Series" in Part A. Past and further performances of each Share are available on the relevant Exchange website as set out in "Specific Provisions for each Series" in Part A and the volatility of each Share may be obtained from the Calculation Agent by emailing listedproducts.sweden@bnpparibas.com The Issuer does not intend to provide post-issuance information. SHARE DISCLAIMER The issue of the Securities is not sponsored or promoted by any Share Company and is under the sole responsibility of BNP Paribas. No Share Company makes any representation whatsoever nor promotes the growth of the Securities in relation to their Shares and consequently does not have any financial or legal obligation with respect to the Securities. In addition, Securities do not give the right to dividends distributed by the Share Company or voting rights or any other right with respect of the Share Company. 5. Operational Information Relevant Clearing System(s): If other than Euroclear Bank S.A./N.V., Clearstream Banking, société anonyme, Euroclear France, Euroclear Netherlands, Iberclear, Monte Titoli include the relevant identification number and in the case of the Swedish Demateralised Securities, the Swedish Security Agent: Euroclear Sweden. Identification number: 5561128074 Swedish Security Agent: Svenska Handelsbanken AB (publ) Blasieholmstorg 12 SE-106 70 Sweden 6. Terms and Conditions of the Public Offer Offer Period: Offer Price: Conditions to which the offer is subject: See Paragraph 47 above. The price of the Certificates will vary in accordance with a number of factors including, but not limited to, the price of the relevant Share. 12 / 14
Description of the application process: Details of the minimum and/or maximum amount of application: Description of possibility to reduce subscriptions and manner for refunding excess amount paid by applicants: Details of the method and time limits for paying up and delivering Securities: Manner in and date on which results of the offer are to be made public: Procedure for exercise of any right of pre-emption, negotiability of subscription rights and treatment of subscription rights not exercised: Process for notification to applicants of the amount allotted and indication whether dealing may begin before notification is made: Amount of any expenses and taxes specifically charges to the subscriber or purchaser: Minimum purchase amount per investor: One (1) Certificate. Maximum purchase amount per investor: The number of Certificates issued in respect of each Series of Certificates. The Certificates are cleared through the clearing systems and are due to be delivered on or about the third Business Day after their purchase by the investor against payment of the purchase amount. 7. Placing and Underwriting Name(s) and address(es), to the extent known to the issuer, of the placers in the various countries where the offer takes place: Name and address of the coordinator(s) of the global offer and of single parts of the offer: Name and address of any paying agents and depository agents in each country (in addition to the Principal Paying Agent): Entities agreeing to underwrite the issue on a firm commitment basis, and entities agreeing to place the issue without a firm commitment or under "best efforts" arrangements: When the underwriting agreement has been or will be reached: None. BNP Paribas 20 Boulevard des Italiens, 75009 Paris, France. BNP Paribas Arbitrage S.N.C. 13 / 14
8. Historic Interest Rates 14 / 14
ISSUE SPECIFIC SUMMARY OF THE PROGRAMME IN RELATION TO THIS BASE PROSPECTUS Summaries are made up of disclosure requirements known as "Elements". These Elements are numbered in Sections A E (A.1 E.7). This Summary contains all the Elements required to be included in a summary for this type of Securities, Issuer and Guarantor. Because some Elements are not required to be addressed, there may be gaps in the numbering sequence of the Elements. Even though an Element may be required to be inserted in the summary because of the type of Securities, Issuer and Guarantor(s), it is possible that no relevant information can be given regarding the Element. In this case a short description of the Element should be included in the summary explaining why it is not applicable. Section A - Introduction and warnings Element Title A.1 Warning that the summary should be read as an introduction and provision as to claims This summary should be read as an introduction to the Base Prospectus and the applicable Final Terms. In this summary, unless otherwise specified and except as used in the first paragraph of Element D.3, "Base Prospectus" means the Base Prospectus of BNPP B.V., BNPP, BP2F, BNPPF and BGL dated 3 June 2013 as supplemented from time to time. In the first paragraph of Element D.3, "Base Prospectus" means the Base Prospectus of BNPP B.V., BNPP, BP2F, BNPPF and BGL dated 3 June 2013. Any decision to invest in any Securities should be based on a consideration of the Base Prospectus as a whole, including any documents incorporated by reference and the applicable Final Terms. Where a claim relating to information contained in the Base Prospectus and the applicable Final Terms is brought before a court in a Member State of the European Economic Area, the plaintiff may, under the national legislation of the Member State where the claim is brought, be required to bear the costs of translating the Base Prospectus and the applicable Final Terms before the legal proceedings are initiated. No civil liability will attach to the Issuer or the Guarantor in any such Member State solely on the basis of this summary, including any translation hereof, unless it is misleading, inaccurate or inconsistent when read together with the other parts of the Base Prospectus and the applicable Final Terms or, following the implementation of the relevant provisions of Directive 2010/73/EU in the relevant Member State, it does not provide, when read together with the other parts of the Base Prospectus and the applicable Final Terms, key information (as defined in Article 2.1(s) of the Prospectus Directive) in order to aid investors when considering whether to invest in the Securities. A.2 Consent as to use the Base Prospectus, period of validity and other conditions attached Consent: Subject to the conditions set out below, the Issuer consents to the use of the Base Prospectus in connection with a Non-exempt Offer of Securities by the Managers and BNP Paribas (each an "Authorised Offeror"). Offer period: The Issuer's consent referred to above is given for Non-exempt Offers of Securities from the Issue Date until the date on which the Securities are delisted (the "Offer Period"). Conditions to consent: The conditions to the Issuer's consent are that such consent (a) is only valid during the Offer Period; (b) only extends to the use of the Base Prospectus to make Non-exempt Offers of the relevant Tranche of Securities in the Kingdom of Sweden. 1 / 17
AN INVESTOR INTENDING TO ACQUIRE OR ACQUIRING ANY SECURITIES IN A NON-EXEMPT OFFER FROM AN AUTHORISED OFFEROR WILL DO SO, AND OFFERS AND SALES OF SUCH SECURITIES TO AN INVESTOR BY SUCH AUTHORISED OFFEROR WILL BE MADE, IN ACCORDANCE WITH ANY TERMS AND OTHER ARRANGEMENTS IN PLACE BETWEEN SUCH AUTHORISED OFFEROR AND SUCH INVESTOR INCLUDING AS TO PRICE, ALLOCATIONS AND SETTLEMENT ARRANGEMENTS. THE INVESTOR MUST LOOK TO THE AUTHORISED OFFEROR AT THE TIME OF SUCH OFFER FOR THE PROVISION OF SUCH INFORMATION AND THE AUTHORISED OFFEROR WILL BE RESPONSIBLE FOR SUCH INFORMATION. Section B - Issuer and Guarantor Element Title B.1 Legal and commercial name of the Issuer B.2 Domicile/ legal form/ legislation/ country of incorporation BNP Paribas Arbitrage Issuance B.V. ("BNPP B.V." or the "Issuer"). The Issuer was incorporated in the Netherlands as a private company with limited liability under Dutch law having its registered office at Herengracht 537, 1017 BV Amsterdam, the Netherlands. B.4b Trend information Not applicable, there are no trends, uncertainties, demands, commitments or events that are reasonably likely to have a material effect on BNPP B.V. and the industries in which it operates for at least the current financial year. B.5 Description of the Group B.9 Profit forecast or estimate B.10 Audit report qualifications BNPP B.V. is a wholly owned subsidiary of BNP Paribas. BNP Paribas is the ultimate holding company of a group of companies and manages financial operations for those subsidiary companies (together the "BNPP Group"). Not applicable, the Issuer has not made a profit forecast or estimate. Not applicable, there are no qualifications in any audit report on the historical financial information included in the Base Prospectus. B.12 Selected historical key financial information: Comparative Annual Financial Data - In EUR 31/12/2011 31/12/2012 Revenues 317,178 337,955 Net income, Group share 21,233 22,531 Total balance sheet 32,347,971,221 37,142,623,335 Shareholders' equity (Group share) 366,883 389,414 Comparative Interim Financial Data - In EUR 30/06/2012 30/06/2013 Revenues 180,590 149,051 Net income, Group share 11,989 9,831 Total balance sheet 35,550,297,750 39,988,616,135 Shareholders' equity (Group share) 378,872 399,245 2 / 17
Element Title Statements of no significant or material adverse change There has been no significant change in the financial or trading position of the BNPP Group since 30 September 2013 and there has been no material adverse change in the prospects of the BNPP Group since 30 June 2013. There has been no significant change in the financial or trading position of BNPP B.V. since 31 December 2012 and there has been no material adverse change in the prospects of BNPP B.V. since 31 December 2012. B.13 Events impacting the Issuer's solvency B.14 Dependence upon other group entities Not applicable, to the best of the Issuer's knowledge there have not been any recent events which are to a material extent relevant to the evaluation of the Issuer's solvency since 31 December 2012. The Issuer is dependent upon BNPP and other members of the BNPP Group. See also Element B.5 above. B.15 Principal activities The principal activity of the Issuer is to issue and/or acquire financial instruments of any nature and to enter into related agreements for the account of various entities within the BNPP Group. B.16 Controlling shareholders B.17 Solicited credit ratings BNP Paribas holds 100 per cent. of the share capital of the Issuer. Not applicable - No ratings have been assigned to the Issuer or its debt securities at the request of or with the co-operation of the Issuer in the rating process. The Securities have not been rated. A security rating is not a recommendation to buy, sell or hold securities and may be subject to suspension, reduction or withdrawal at any time by the assigning rating agency. B.18 Description of the Guarantee The Securities will be unconditionally and irrevocably guaranteed by BNP Paribas ("BNPP" or the "Guarantor") pursuant to an English law deed of guarantee executed by BNPP on 3 June 2013 (the "Guarantee"). The obligations under the guarantee are direct unconditional, unsecured and unsubordinated obligations of BNPP and rank and will rank pari passu among themselves and at least pari passu with all other direct, unconditional, unsecured and unsubordinated indebtedness of BNPP (save for statutorily preferred exceptions). B.19 Information about the Guarantor B.19/ B.1 B.19/ B.2 Legal and commercial name of the Guarantor Domicile/ legal form/ legislation/ country of incorporation BNP Paribas. The Guarantor was incorporated in France as a société anonyme under French law and licensed as a bank having its head office at 16, boulevard des Italiens - 75009 Paris, France. B.19/ B.4b Trend information Macroeconomic Conditions BNPP's results of operations are affected by the macroeconomic and market environment. Given the nature of its business, BNPP is particularly susceptible to macroeconomic and market conditions in Europe, which have experienced disruptions in recent years. While global economic conditions generally improved over the course of 2012, growth prospects diverge for advanced and developing economies in 2013 and going forward. In the Euro-zone, sovereign spreads came down in 2012 from historically high levels, although uncertainty remains over the solvability of certain sovereigns and the extent 3 / 17
Element Title B.19/B.5 B.19/B.9 B.19/ B.10 Description of the Group Profit forecast or estimate Audit report qualifications to which E.U. member states are willing to provide additional financing. Legislation and Regulations Applicable to Financial Institutions BNPP is affected by legislation and regulations applicable to global financial institutions, which are undergoing significant change in the wake of the global financial crisis. New measures that have been proposed and adopted include more stringent capital and liquidity requirements, taxes on financial transactions, restrictions and taxes on employee compensation, limits on commercial banking activities, restrictions of types of financial products, increased internal control and transparency requirements, more stringent business conduct rules, mandatory reporting and clearing of derivative transactions, requirements to mitigate risks relating to OTC derivatives and the creation of new and strengthened regulatory bodies. New or proposed measures that affect or will affect BNPP include the Basel 3 and CRD4 prudential frameworks, the related requirements announced by the EBA, the designation of BNPP as a systemically important financial institution by the FSB, the French banking law, the E.U. Liikanen proposal and the Federal Reserve's proposed framework for the regulation of foreign banks. BNPP is a European leading provider of banking and financial services and has four domestic retail banking markets in Europe, namely in Belgium, France, Italy and Luxembourg. It is present in 78 countries and has almost 190,000 employees, including over 145,000 in Europe. BNPP is the parent company of the BNP Paribas Group (the "BNPP Group"). Not applicable, the Guarantor has not made a profit forecast or estimate. Not applicable, there are no qualifications in any audit report on the historical financial information included in the Base Prospectus. B.19/ B.12 Selected historical key financial information: Comparative Annual Financial Data - In millions of EUR 31/12/2011 31/12/2012 Revenues 42,384 39,072 Cost of risk (6,797) (3,941) Net income, Group share 6,050 6,564 Common Equity Tier 1 Ratio (Basel 2.5) 9.60% 11.80% Tier 1 Ratio 11.60% 13.60% Total consolidated balance sheet 1,965,283 1,907,200 Consolidated loans and receivables due from customers 665,834 630,520 Consolidated items due to customers 546,284 539,513 Shareholders' equity (Group share) 75,370 85,444 Comparative Interim Financial Data for the six month period ended 30 June 2013 - In millions of EUR 30/06/2012 30/06/2013 Revenues 19,984 19,972 Cost of risk (1,798) (2,087) Net income, Group share 4,719 3,347 4 / 17
Element Title Common Equity Tier 1 Ratio (Basel 2.5) 10.90% 12.20% Tier 1 Ratio 12.70% 13.60% Total consolidated balance sheet 1,969,943 1,861,338 Consolidated loans and receivables due from customers 657,441 623,587 Consolidated items due to customers 535,359 554,198 Shareholders' equity (Group share) 81,172 86,136 Comparative Interim Financial Data for the three month period ended 30 September 2013 - In millions of EUR 30/09/2012 30/09/2013 Revenues 9,693 9,287 Cost of risk (944) (892) Net income, Group share 1,326 1,358 31/12/2012 30/09/2013 Common Equity Tier 1 Ratio (Basel 2.5) 11.80% 12.60% Tier 1 Ratio 13.60% 13.80% Total consolidated balance sheet 1,907,200 1,855,621 Consolidated loans and receivables due from customers 630,520 610,987 Consolidated items due to customers 539,513 552,547 Shareholders' equity (Group share) 85,444 86,644 Statements of no significant or material adverse change See Element B.12 above in the case of the BNPP Group. There has been no material adverse change in the prospects of BNPP since 31 December 2012. B.19/ B.13 B.19/ B.14 Events impacting the Guarantor's solvency Dependence upon other Group entities Not applicable, to the best of the Guarantor's knowledge there have not been any recent events which are to a material extent relevant to the evaluation of the Guarantor's solvency since 31 December 2012. Subject to the following paragraph, BNPP is not dependent upon other members of the BNPP Group. In April 2004, BNPP began outsourcing IT Infrastructure Management Services to the "BNP Paribas Partners for Innovation" (BP²I) joint venture set up with IBM France at the end of 2003. BP²I provides IT Infrastructure Management Services for BNPP and several BNPP subsidiaries in France, Switzerland, and Italy. In mid-december 2011 BNPP renewed its agreement with IBM France for a period lasting until end-2017. At the end of 2012, the parties entered into an agreement to gradually extend this arrangement to BNP Paribas Fortis as from 2013. BP²I is 50/50-owned by BNPP and IBM France; IBM France is responsible for daily operations, with a strong commitment of BNPP as a significant shareholder. See Element B.5 above. 5 / 17
B.19/ B.15 Principal activities BNP Paribas holds key positions in its three activities: Retail Banking, which includes: a set of Domestic Markets, comprising: French Retail Banking (FRB), BNL banca commerciale (BNL bc), Italian retail banking, Belgian Retail Banking (BRB), Other Domestic Markets activities, including Luxembourg Retail Banking (LRB); International Retail Banking, comprising: Europe-Mediterranean, BancWest; Personal Finance; Investment Solutions; Corporate and Investment Banking (CIB). B.19/ B.16 Controlling shareholders None of the existing shareholders controls, either directly or indirectly, BNPP. The main shareholders are Société Fédérale de Participations et d'investissement (SFPI) a public-interest société anonyme (public limited company) acting on behalf of the Belgian government holding 10.3% of the share capital as at 30 June 2013; AXA holding 2.9% of the share capital as at 30 June 2013 and Grand Duchy of Luxembourg holding 1.0% of the share capital as at 30 June 2013. To BNPP's knowledge, no shareholder other than SFPI owns more than 5% of its capital or voting rights. B.19/ B.17 Solicited credit ratings BNPP's long term credit ratings are A+ with a negative outlook (Standard & Poor's Credit Market Services France SAS), A2 with a stable outlook (Moody's Investors Service Ltd.) and A+ with a stable outlook (Fitch France S.A.S.). A security rating is not a recommendation to buy, sell or hold securities and may be subject to suspension, reduction or withdrawal at any time by the assigning rating agency. Element Title Section C - Securities C.1 Type and class of Securities/ISIN The Securities are certificates ("Certificates") and are issued in Series. The Series Number of the Securities is as set out in the table in Element C.20 below. The Tranche number is as set out in the table in Element C.20 below. The ISIN is as set out in the table in Element C.20 below. The Local Code is as set out in the table in Element C.20 below. The Securities are cash settled Securities. C.2 Currency The currency of this Series of Securities is Swedish Krona ("SEK"). 6 / 17