BNP Paribas : Communique AMF CP. CP23930982

PROHIBITION OF SALES TO EEA RETAIL INVESTORS - The Notes are not intended to be offered, sold or otherwise made available to and should not be offered, sold or otherwise made available to any retail investor in the EEA. For these purposes, a retail investor means a person who is one (or more) of: (i) a retail client as defined in point (11) of Article 4(1) of Directive 2014/65/EU (as amended, "MiFID II"); or (ii) a customer within the meaning of Directive (EU) 2016/97 (the "Insurance Distribution Directive"), where that customer would not qualify as a professional client as defined in point (10) of Article 4(1) of MiFID II; or (iii) not a qualified investor as defined in the Prospectus Regulation. Consequently no key information document required by Regulation (EU) No 1286/2014 (as amended, the "PRIIPs Regulation") for offering or selling the Notes or otherwise making them available to retail investors in the EEA has been prepared and therefore offering or selling the Notes or otherwise making them available to any retail investor in the EEA may be unlawful under the PRIIPs Regulation.

PROHIBITION OF SALES TO UK RETAIL INVESTORS - The Notes are not intended to be offered, sold or otherwise made available to and should not be offered, sold or otherwise made available to any retail investor in the United Kingdom ("UK"). For these purposes, a retail investor means a person who is one (or more) of:

1. a retail client, as defined in point (8) of Article 2 of Regulation (EU) No 2017/565 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 ("EUWA"); or (ii) a customer within the meaning of the provisions of the Financial Services and Markets Act 2000, as amended (the "FSMA") and any rules or regulations made under the FSMA to implement Directive (EU) 2016/97, where that customer would not qualify as a professional client, as defined in point (8) of Article 2(1) of Regulation (EU) No 600/2014 as it forms part of UK domestic law by virtue of the EUWA; or (iii) not a qualified investor as defined in Article 2 of Regulation (EU) 2017/1129 as it forms part of UK domestic law by virtue of the EUWA. Consequently no key information document required by Regulation (EU) No 1286/2014 as it forms part of UK domestic law by virtue of the EUWA (the "UK PRIIPs Regulation") for offering or selling the Notes or otherwise making them available to retail investors in the UK has been prepared and therefore offering or selling the Notes or otherwise making them available to any retail investor in the UK may be unlawful under the UK PRIIPs Regulation.

MiFID II product governance / target market assessment - Solely for the purposes of the manufacturer's product approval process, the target market assessment in respect of the Notes, taking into account the five categories in item 18 of the Guidelines published by ESMA on 5 February 2018, has led to the conclusion that:

1. the target market for the Notes is eligible counterparties and professional clients each as defined in Directive 2014/65/EU (as amended, "MiFID II"); and all channels for distribution to eligible counterparties and professional clients are appropriate; and subject to the distributor's suitability and appropriateness obligations under MiFID II, as applicable. Any person subsequently offering, selling or recommending the Notes (a "distributor") should take into consideration the manufacturer's target market assessment; however, a distributor subject to MiFID II is responsible for undertaking its own target market assessment in respect of the Notes (by either adopting or refining the manufacturer's target market assessment) and determining appropriate distribution channels, subject to the distributor's suitability and appropriateness obligations under MiFID II, as applicable.

UK MiFIR product governance / target market - Solely for the purposes of the manufacturer's product approval process, the target market assessment in respect of the Notes, taking into account the five categories referred to in item 18 of the Guidelines published by ESMA on 5 February 2018 (in accordance with the FCA's policy statement entitled "Brexit our approach to EU nonlegislative materials"), has led to the conclusion that:

1. the target market for the Notes is eligible counterparties, as defined in the FCA Handbook Conduct of Business Sourcebook ("COBS") and professional clients, as defined in Regulation (EU) No 600/2014 as it forms part of domestic law by virtue of the EUWA ("UK MiFIR")

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Final Terms dated 27 July 2023

BNP PARIBAS

(incorporated in France)

(the Issuer)

Legal entity identifier (LEI): R0MUWSFPU8MPRO8K5P83

Issue of EUR 8,300,000 3 year EUR Capped Floored Floater Notes due 27 July 2026

Series: XS2658289496

under the

Euro Medium Term Note Programme

(the Programme)

2

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 sections entitled "Terms and Conditions of the English Law Notes" in the Base Prospectus dated 30 June 2023 which received approval n° 23-268 from the Autorité des marchés financiers ("AMF") on 30 June 2023 and the Supplements to the Base Prospectus published and approved on or before the date of these Final Terms (copies of which are available as described below) (the "Supplements") (provided that to the extent any such Supplement (i) is published and approved after the date of these Final Terms and (ii) provides for any change to the Conditions of the Notes such changes shall have no effect with respect to the Conditions of the Notes to which these Final Terms relate) which together constitutes a base prospectus for the purposes of Regulation (EU) 2017/1129 (the "Prospectus Regulation") (the "Base Prospectus"). This document constitutes the Final Terms of the Notes described herein for the purposes of the Prospectus Regulation, and must be read in conjunction with the Base Prospectus to obtain all relevant information. A summary of the Notes is annexed to these Final Terms. The Base Prospectus and any

Supplement(s) to the Base Prospectus and these Final Terms are available for viewing at BNP Paribas

16,boulevard des Italiens 75009 Paris, France and https:// invest.bnpparibas.com/en/search/debt/documents and copies may be obtained free of charge at the specified office of the Principal Paying Agent

1.	Issuer:		BNP Paribas
2.	(i)	Trade Date:	20 July 2023
	(ii)	Series Number:	20007
	(ii)	Tranche Number:	1
3.	Specified Currency:	Euro ("EUR")

4. Aggregate Nominal Amount:

		Series:	EUR 8,300,000
		Tranche:	EUR 8,300,000
5.	Issue Price of Tranche:	100 per cent of the Aggregate Nominal Amount
6.	Minimum Trading Size:	EUR 100,000
7.	(i)	Specified Denomination:	EUR 100,000
	(ii)	Calculation Amount:	EUR 100,000
8.	(i)	Issue Date:	27 July 2023
	(ii)	Interest Commencement	Issue Date
		Date:
9.	(i)	Maturity Date:	27 July 2026
	(ii)	Business Day Convention for	Modified Following
		Maturity Date:
10.	Form of Notes:	Bearer
11.	Interest Basis:	3 month EURIBOR Floating Rate
			(further particulars specified below)

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12.	Coupon Switch:	Not applicable
13.	Redemption/Payment Basis:	Redemption at par
			Payout Switch: Not applicable
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 Preferred Notes
			MREL/TLAC Disqualification Event: Not applicable
			Prior approval of the Relevant Regulator for Senior
			Preferred Notes: Not Applicable
18.	Knock-in Event:	Not applicable
19.	Knock-out Event:	Not applicable
20.	Method of distribution:	Non-syndicated
21.	Hybrid Notes:	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 Period(s):
			t	Observation			Interest		Interest
				Datet		Period Start	Period End
							Datet		Datet
			1	25 July 2023		27	July 2023	27	October
								2023
			2	25 October		27	October	27	January
				2023		2023	2024
			3	25 January		27	January	27	April 2024
				2024		2024
			4	25 April 2024		27	April 2024	27	July 2024
			5	25 July 2024		27	July 2024	27	October
								2024
			6	24 October		27	October	27	January
				2024		2024	2025
			7	23 January		27	January	27	April 2025
				2025		2025
			8	24 April 2025		27	April 2025	27	July 2025
			9	24 July 2025		27	July 2025	27	October
								2025
			10	23 October		27	October	27	January
				2025		2025	2026

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1. Interest Period End Date(s):
2. Business Day Convention for Interest Period End Date(s):
3. Interest Payment Date(s):

1. 1. Business Day Convention for Interest Payment Date(s):
   2. Party responsible for calculating the Rate(s) of Interest and Interest Amount(s):
   3. Margin(s):
   4. Minimum Interest Rate
   5. Maximum Interest Rate:
   6. Day Count Fraction:
   7. Determination Dates:
   8. Accrual to Redemption:
   9. Rate of Interest:
   10. Coupon Rate:
2. Fixed Rate Provisions:
3. Resettable Notes:
4. Floating Rate Provisions:

11	23	January	27	January	27	April 2026
	2026	2026
12	23	April 2026	27	April 2026	27	July 2026

Each Interest Payment Datet

Not applicable

Each of the Interest Payment Date set out in the column entitled "Each Interest Payment Datet" in the below:

t	Interest Payment Datet
1	27	October 2023
2	29	January 2024
3	29	April 2024
4	29	July 2024
5	28	October 2024
6	27	January 2025
7	28	April 2025
8	28	July2025
9	27	October 2025
10	27	January 2026
11	27	April 2026
12	27	July 2026

Modified Following

BNP Paribas

Not applicable Not applicable Not applicable 30/360, Unadjusted Not applicable Applicable Floating Rate

Not applicable

Not applicable

Not applicable

Applicable

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Combination Floater Coupon

				Where:
				n means 1
				Global Cap means 5%%
				Global Floor means 0.00%
				Local Cap is Not applicable
				Local Floor is Not applicable
				Global Margin 0.62%%
				Gearing means 100.00%
				FI Rate(i) means Rate
				3 month EURIBOR means the 3-month EURIBOR rate
				as quoted on Reuters page EURIBOR01 at 11:00 am
				Brussels Time, on each Underlying Interest
				Determination Date
				t means (from 1 to 12) means the relevant FI Interest
				Valuation Date
				FI Interest Valuation Date means each Underlying
				Interest Determination Date
	(i)	Manner in which the Rate of	Screen Rate Determination
		Interest and Interest Amount
		is to be determined:
	(ii)	Linear Interpolation:	Not applicable
27.	Screen Rate Determination:	Applicable
	(i)	Reference Rate:		3 month EURIBOR
	(ii)	Interest	Determination	Second Brussels Business Day prior to the start of each
		Date(s):		Interest Period
	(iii)	Specified Time:		11:00 am, Brussels time
	(iv)	Relevant Screen Page:	Reuters EURIBOR01
28.	ISDA Determination:		Not applicable
29.	FBF Determination:		Not applicable
30.	Zero Coupon Provisions:	Not applicable
31.	Index Linked Interest Provisions:	Not applicable
32.	Share Linked/ETI Share Linked	Not applicable
	Interest Provisions:
33.	Inflation Linked Interest Provisions:	Not applicable

34. Commodity Linked Interest Provisions: Not applicable

35.

Fund Linked Interest Provisions:

Not applicable

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36.	ETI Linked Interest Provisions:	Not applicable
37.	Foreign Exchange (FX) Rate Linked	Not applicable
	Interest Provisions:
38.	Underlying Interest Rate Linked	Not applicable
	Interest Provisions:
39.	Additional Business Centre(s)	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):
PROVISIONS RELATING TO REDEMPTION
40.	Final Redemption:	Final Payout
41.	Final Payout:	SPS Fixed Percentage Securities
		Constant Percentage 1
		Where:
		Constant Percentage 1 means 100%
42.	Automatic Early Redemption:	Not applicable
43.	Issuer Call Option:	Not applicable
44.	Issuer Clean-Up Call:	Not applicable
45.	Noteholder Put Option:	Not applicable
46.	Aggregation:	Not applicable
47.	Index Linked Redemption Amount:	Not applicable
48.	Share Linked/ETI Share Linked	Not applicable
	Redemption Amount:
49.	Inflation Linked Redemption Amount:	Not applicable
50.	Commodity Linked Redemption	Not applicable
	Amount:
51.	Fund Linked Redemption Amount:	Not applicable
52.	Credit Linked Notes:	Not applicable
53.	ETI Linked Redemption Amount:	Not applicable
54.	Foreign Exchange (FX) Rate Linked	Not applicable
	Redemption Amount:
55.	Underlying Interest Rate Linked	Not applicable
	Redemption Amount:
56.	Events of Default for Senior Preferred	Not applicable
	Notes:
57.	Administrator/Benchmark Event:	Not applicable

7

8

58.	Early Redemption Amount(s):	Article 45b2(b) BRRD: Not applicable
		Final Redemption Amount
59.	Provisions applicable to Physical	Not applicable
	Delivery:

60. Variation of Settlement:

	Issuer's option to vary	The Issuer does not have the option to vary settlement in
	settlement:	respect of the Notes.
	Variation of Settlement of	Not applicable
	Physical Delivery Notes:
61.	CNY Payment Disruption Event:	Not applicable
GENERAL PROVISIONS APPLICABLE TO THE NOTES
62.	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.
63.	Financial Centre(s) or other special	Not applicable
	provisions relating to Payment Days
	for the purposes of Condition 4(a):
64.	Talons for future Coupons or Receipts	No
	to be attached to definitive Notes (and
	dates on which such Talons mature):
65.	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 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:
66.	Details relating to Notes redeemable	Not applicable
	in instalments: amount of each
	instalment, date on which each
	payment is to be made:
67.	Redenomination, renominalisation and	Not applicable
	reconventioning provisions:
68.	Masse (Condition 12 of the Terms and	Not applicable
	Conditions of the French Law Notes):
69.	Governing law:	English law. Condition 2(a) is governed by French law.
70.	Calculation Agent:	BNP Paribas

DISTRIBUTION

71. (i) If syndicated, names of Managers (specifying Lead Manager):

Date of Subscription

Agreement:

Stabilisation Manager (if any):

If non-syndicated, name of relevant Dealer:

1. Total commission and concession:
2. U.S. Selling Restrictions:
3. Non exempt Offer:
4. Prohibition of Sales to Retail Investors:
5. United States Tax Considerations

Signed on behalf of the Issuer:

By:

Luke Thorne

AUTHORISED SIGNATORY

Not applicable

Not applicable

Not applicable

BNP Paribas

Not applicable

Reg. S Compliance Category 2; TEFRA D

Not applicable

Prohibition of Sales to EEA Retail Investors:

Applicable

Prohibition of Sales to UK Retail Investors:

Applicable

The Notes are not Specified Securities for the purpose of Section 871(m) of the U.S. Internal Revenue Code of 1986.

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PART B - OTHER INFORMATION

1. Listing and Admission to trading

1. Listing and admission to trading:

1. Estimate of total expenses related to admission to trading:

2. Ratings Ratings:

Application will be made by the Issuer (or on its behalf) for the Notes to be admitted to trading on the regulated market of Luxembourg Stock Exchange with effect on or around the Issue Date.

EUR 3,600

The Notes have not been rated.

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