Bnp paribas

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* Very substantial one-off items: €7.4bn, including €6bn of costs relating to the comprehensive settlement with the US authorities

** Solvency ratio: fully-loaded Basel 3 CET 1 Source: BNP Paribas 2014 group’s results – as of 31/12/2014

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Attractive leveraged participation to the iStoxx Europe Next Dividend Low Risk Index

Index delivers robust performance with less volatility

Issuer BNPP IBV Inward Listed

CCY ZAR

Maturity 5 Years

Underlying iStoxx Europe Next Dividend

Low Risk Index

Why choose this product

A smart access to European Equities, with a better risk/return profile than EURO STOXX 50 Index

Option prices that can be substantially cheaper than on the EURO STOXX 50 Index

2 possible structures:

Principal Protection at maturity

100% principal protection regardless of Index

performance

1 2

Bonus 32% N/A

Call Participation 100% 560%

Payoff if Index closes at +20% (%

of principal) 152% 212%

Payoff if Index closes at -10% (%

of principal) 132% 100%