1 / 16
FINAL VERSION APPROVED BY THE ISSUER
FINAL TERMS FOR NOTES
The Issuer accepts responsibility for this unsigned document in P DF format dated on the date mentioned below that is the final version of the Final Terms relating to the Secur ities described herein.
FINAL TERMS DATED 6 JULY 2026
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 Issue of up to EUR 10,000,000 "Shared Linked Securities " due 9 August 2027
ISIN Code: XS3414740608
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. 26 -151 on 21 May 2026
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:
(a) in those Non -exempt Offer Jurisdictions mentioned in Paragraph 50 of Part A below, provided such person is a Manager or an Authorised Offeror (as such term is defin ed in the Base Prospectus) and that the offer is made du ring the Offer Period specified in that paragraph and that any conditions relevant to the use of the Base Prospectus are complied with; or
(b) 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 Regula tion or to supplement a prospectus pursuant to Article 23 of the Prospectus Regulat ion, in each case, in relation to such offer.
None of the Issuer, the Guarantor or any Manager has authori sed, nor do they authorise, the making of any offer of Secu rities in any other circumstances.
Investors should note that if a supplement to or an updated versi on of the Base Prospectus referred to below is published at any time during the Offer Period (as defined below), such suppl ement or updated base prospectus as the case may be, will be publish ed and made available in accordance with the arrangements app lied 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, as the case may be, (the " Publication Date "), have the right within three working days of the Publication Date to withdraw their acceptance s.
2 / 16
PART A – CONTRACTUAL TERMS
Terms used herein shall be deemed to be defined as su ch for the purposes of the Conditions set forth in the Base Pr ospectus dated 21 May 2026, each Supplement to the Base Prospectus published and approved on or before the date of these F inal Terms and any other Supplement to the Base Prospectus which may have been publ ished 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) provides 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 togeth er constitute a base prospectus for the purposes of Regulation (EU) 2017/1129, as amended (the " Prospectus Regulation ") (the " Base Prospectus "). This document constitutes the Final Terms of the Secu rities described herein for the purposes of the Prospectus Regulation and must be read in conjunc tion with the Base Prospectus to obtain all the relevant informa tion. A summary of the Securities is annexed to these Final Term s. The Base Prospectus and, any Supplement(s) to the Base Prospectus and these Final Terms are available for viewing at 1, R ue Laffitte, 75009, Paris, France and https://rates -
globalmarkets.bnpparibas.com/documents/legaldocs/resource index.htm .
References herein to numbered Conditions are to the terms and co nditions 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 th ey relate to such s eries of Securities, save as where otherwise expressly provid ed.
1. Issuer:
BNP Paribas Issuance B.V.
2. Guarantor:
BNP Paribas.
3. Trade Date, Series Number and
Tranche Number:
(a) Trade Date:
30 June 2026 (b) Series Number:
EI0339ISS
(c) Tranche Number:
1 4. Issue Date, Interest Commencement Date and Maturity Date:
(a) Issue Date:
7 August 2026 (b) Interest Commencement
Date:
The Issue Date.
(c) Maturity Date:
9 August 2027
Business Day Convention for Maturity Date: Following 5. Aggregate Nominal Amount and
Issue Price:
(a) Aggregate Nominal Amount – Series:
Up to EUR 10,000,000 (b) Aggregate Nominal Amount – Tranche:
Up to EUR 10,000,000 (c) Issue Price of Tranche:
100 per cent. of the Aggregate Nominal Amount of the appli cable Tranche.
6. Type of Securities:
(a) Notes
(b) Redemption/Payment Basis:
Share Linked Redemption
(c) Interest Basis:
17 per cent. Fixed Rate - see 46(b) below
(d) The provisions of Annex 3 (Additional Terms and Conditi ons for Share Securities) shall apply.
3 / 16
Tax Gross -up: Condition 6.3 ( No Gross -up) applicable 7. Form of Securities:
Bearer.
New Global Note:
No.
Temporary Bearer Global Note exchangeable for a Perman ent Bearer Global Note which is exchangeable for definitive Bearer Notes only upon an Exchange Event.
Talons for future Coupons or Receipts to be attached to definitive Notes (and dates on which such Talons mature):
No.
8. Business Days/Payment Days:
(a) Additional Business
Centre(s) (Condition
3.12):
The applicable Additional Business Centre for the purpos es of the definition of "Business Day" in Condition 3.12 is T2.
(b) Financial Centre(s) or other special provisions relating to Payment Days for the purposes of
Condition 4(a):
T2.
9. Settlement:
Settlement will be by way of cash payment (Cash Settled Secur ities) and/or physical delivery (Physical Delivery Notes).
10. Specified Denomination and
Calculation Amount:
(a) Specified
Denomination(s):
EUR 1,000
(b) Calculation Amount:
EUR 1,000
11. Variation of Settlement:
Not applicable.
12. Final and Early Redemption
Amount:
(a) Final Redemption
Amount:
Final Payout.
(b) Final Payout:
SPS Payouts:
SPS Reverse Convertible Securities
Calculation Amount multiplied by:
(A) if no Knock -in Event has occurred:
Constant Percentage 1; or
(B) if a Knock -in Event has occurred:
Max (Constant Percentage 2 + Gearing x Option; 0%).
provided that if the provisions of sub -paragraph (B) above apply, no Final Redemption Amount will be payable and Physical Delivery will ap ply.
Strike Price Closing Value: Applicable.
Where:
Basket has the meaning given to such term in item 26(a).
4 / 16 Constant Percentage 1 is 100 per cent.
Constant Percentage 2 is 100 per cent.
Final Redemption Value means the Worst Value.
Gearing is -100 per cent.
Option means Put.
Put means Max (Strike Percentage - Final Redemption Value; 0%).
SPS Redemption Valuation Date means Redemption Valuation Date.
SPS Valuation Date means SPS Redemption Valuation Date.
Strike Date means 31 July 2026.
Strike Percentage is 100 per cent.
Underlying Reference has the meaning given to such term in item 26(a).
Underlying Reference Closing Price Value means, in respect of a SPS Valuation Date, the Closing Price in respect of such day.
Underlying Reference Strike Price means, in respect of an Underlying Reference, the Underlying Reference Closing Price Value for s uch Underlying Reference on the Strike Date.
Underlying Reference Value means, in respect of an Underlying Reference and a SPS Valuation Date, (i) the Underlying Refere nce Closing Price Value for such Underlying Reference in res pect of such SPS Valuation Date (ii) divided by the Underlying Reference Strike Pr ice.
Worst Value means, in respect of a SPS Valuation Date, the lowest Underlying Reference Value for any Underlying Reference in th e Basket in respect of such SPS Valuation Date.
(c) Early Redemption
Amount:
Market Value less Costs.
13. Relevant Asset(s):
The relevant asset to which the Securities relate is the worst performing share (as defined in item 26(a) below).
14. Entitlement:
Physical Delivery Option 2
(a) Delivery of Worst -Performing Underlying
The Entitlement Amount in relation to each Note is:
NA x Redemption Payout / (Worst Performing Underlying Referen ce Closing Price Value x FX(i))
Strike Price Closing Value: Applicable.
Where:
Basket has the meaning given to such term in item 26(a).
5 / 16 FX(i) means the Underlying Reference FX Level on the relevant SPS Valuation Date or if that is not a Business Day the imme diately succeeding Business Day.
NA means Calculation Amount.
Redemption Payout means the Final Payout as set out in item 12 above.
SPS Redemption Valuation Date means the Redemption Valuation Date.
SPS Valuation Date means the SPS Redemption Valuation Date.
Underlying Reference Closing Price Value , in respect of a SPS Valuation Date, the Closing Price in respect of such day.
Underlying Reference FX Level means in respect of (i) Salesforce Inc , the USD /EUR foreign exchange fixing rate as determined by the Calculation Agent by reference to Reuters screen page WMRSPO T (or any successor page thereto, as determined by the Calculat ion Agent) at approximately 4:00 p.m. London time ; (ii) SAP SE, the USD /EUR foreign exchange fixing rate as determined by the Calculation Agent by r eference to Reuters screen page WMRSPOT (or any successor page the reto, as determined by the Calculation Agent) at approximately 4:00 p.m. London time; and (iii) Salesforce Inc , the USD /EUR foreign exchange fixing rate as determined by the Calculation Agent by reference to Reute rs screen page WMRSPOT (or any successor page thereto, as determi ned by the Calculation Agent) at approximately 4:00 p.m. London time.
Underlying Reference Strike Price means, in respect of an Underlying Reference, the Underlying Reference Closing Price Value for s uch Underlying Reference on the Strike Date.
Underlying Reference Value means, in respect of an Underlying Reference and a SPS Valuation Date, (i) the Underlying Refere nce Closing Price Value for such Underlying Reference in res pect of such SPS Valuation Date (ii) divided by the Underlying Reference Strike Pr ice.
Worst Performing Underlying Reference Closing Price Value(i) is the Underlying Reference Closing Price Value(i) on the releva nt SPS Valuation Date in respect of the Underlying Reference with the Worst Value on such date
Worst Value means, in respect of a SPS Valuation Date, the lowest Underlying Reference Value for any Underlying Reference in th e Basket in respect of such SPS Valuation Date
Rounding and Residual Amount :
The Entitlement Amount will be rounded down to the nearest unit of each Relevant Asset capable of being delivered and in lieu thereof the Issuer will pay an amount equal to:
Where:
6 / 16 FX(k,i) means the relevant Underlying Reference FX Level on the relevant SPS Valuation Date or if that is not a Business Day the immediately succeeding Business Day.
Number(k,i) is equal to the Entitlement Amount for the relevant Underlying Reference (k) and SPS Valuation Date (i).
Underlying Reference has the meaning given to such term in item 26(a).
Underlying Reference Closing Price Value (k,i) is the Underlying Reference Closing Price Value(i) on the relevant SPS Val uation Date in respect of the relevant Underlying Reference (k).
(b) The Entitlement will be evidenced by delivery of the Entitl ement to the securities account with the clearing system specified by the Hol der in the relevant Asset Transfer Notice (such Asset Transfer Notice must be completed and delivered in accordance with Condition 35.2).
(c) The Entitlement will be delivered to the Holder(s) upon registration of the transfer of the Shares in the books of the relevant clearing sy stem(s), all in accordance with the rules, regulations and opera ting procedures of such clearing system(s).
The Issuer shall be under no obligation to register or procure the registration of the Holder in the register of the members of th e Share Company, if applicable.
15. Exchange Rates:
(a) Exchange Rate:
Not applicable.
(b) Specified Exchange
Rate/Settlement
Currency Exchange
Rate:
Specified Exchange Rate: Not applicable.
Settlement Currency Exchange Rate: Not applicable.
16. Specified Currency and Settlement
Currency:
(a) Specified Currency:
EUR as defined in the definition of "Relevant Currency" in Cond ition 13 (Definitions).
(b) Settlement Currency:
EUR as defined in the definition of "Relevant Currency" in Cond ition 13 (Definitions).
17. Syndication:
The Securities will be distributed on a non -syndicated basis.
18. Minimum Trading Size:
EUR 1,000
19. Principal Security Agent:
BNP Paribas Financial Markets S.N.C.
20. Registrar:
Not applicable.
21. Calculation Agent:
BNP Paribas Financial Markets S.N.C.
Address (for the purpose of the Noteholder Account Informati on Notice):
20 boulevard des Italiens 75009 Paris, France 22. Governing law:
English Law
23. Masse provisions (Condition 18):
Not applicable.
PRODUCT SPECIFIC PROVISIONS FOR REDEMPTION
24. Hybrid Linked Redemption Notes:
Not applicable.
25. Index Linked Redemption Notes:
Not Applicable.
7 / 16 26. Share Linked Redemption Notes/ETI Share Linked Redemption Notes:
Applicable.
Share Securities: Applicable ETI Share Securities: Not applicable
(a) Share(s)/Share
Company/Basket
Company/GDR/ADR/ETI
Interest/Basket of ETI
Interests:
The Notes are linked to the performance of a basket (the "Basket" ) composed of 3 ordinary shares, or, if so indicated in the table below in the column Share k, another share type in the share capital of the relevant company (each an "Underlying Reference" or "Share" ) set out in the table below.
k Share k/B
asket
Company Screen
Page/Blo
omberg
Code ISIN Sha re Cur ren
cy Exchang
e
1 ServiceNo
w Inc NOW UN US81762P1021 US
D The New
York
Stock
Exchange
2 SAP SE SAP UN US8030542042 US
D The New
York
Stock
Exchange
3 Salesforc
e Inc CRM UN US79466L3024 US
D The New
York
Stock
Exchange
(b) Relative Performance
Basket:
Worst performing.
(c) Share/ETI Interest
Currency:
As set out in item 26(a).
(d) ISIN of Share(s))/ETI
Interest(s):
As set out in item 26(a).
(e) Exchange(s):
As set out in item 26(a).
(f) Related Exchange(s):
All Exchanges.
(g) Exchange Business Day:
All Share Basis.
(h) Scheduled Trading Day:
All Share Basis.
(i) Weighting:
Not Applicable.
(j) Settlement Price:
Official closing price.
(k) Specified Maximum Days
of Disruption:
Three (3) Scheduled Trading Days.
(l) Valuation Time:
As per Conditions.
(m) Redemption Valuation
Date:
2 August 2027 (n) Redemption on Occurrence of an
Extraordinary Event:
Delayed Redemption on Occurrence of an Extraordinary Even t: Not
applicable
(o) Dividend Payment Not applicable.
(p) Share/ETI Interest
Correction Period:
As per Conditions.
(q) Listing Change:
Not applicable.
8 / 16 (r) Listing Suspension:
Not applicable.
(s) Illiquidity:
Not applicable.
(t) Tender Offer:
Applicable.
(u) CSR Event:
Not applicable.
27. ETI Linked Redemption Notes:
Not applicable.
28. Debt Linked Redemption Notes:
Not applicable.
29. Commodity Linked Redemption
Notes:
Not applicable.
30. Inflation Index Linked Redemption
Notes:
Not applicable.
31. Currency Linked Redemption Notes:
Not applicable.
32. Fund Linked Redemption Notes:
Not applicable.
33. Futures Linked Redemption Notes:
Not applicable.
34. Credit Securities:
Not applicable.
35. Underlying Interest Rate Linked
Redemption Notes:
Not applicable.
36. Partly Paid Notes:
The Securities are not Partly Paid Notes.
37. Instalment Notes:
Not applicable.
38. Illegality (Condition 10.1) and Force Majeure (Condition 10.2):
Illegality: redemption in accordance with Security Conditio n 10.1(d).
Force Majeure: redemption in accordance with Security Con dition 10.2(b).
39. Additional, Optional Additional and CNY Payment Disruption Events:
(a) Additional Disruption Events and Optional
Additional Disruption
Events:
(a) Additional Disruption Events: Applicable.
(b) The following Optional Additional Disruption Events app ly to the
Securities:
Administrator/Benchmark Event
Insolvency Filing
(c) Redemption:
Delayed Redemption on Occurrence of an Additional Disruptio n Event and/or Optional Additional Disruption Event: Not applic able.
(b) CNY Payment Disruption
Event:
Not applicable.
40. Knock -in Event:
Applicable.
"less than or equal to".
(a) SPS Knock -in Valuation:
Applicable.
Strike Price Closing Value: Applicable.
Where:
Basket has the meaning given to such term in item 26(a).
9 / 16 Knock -in Value means the Worst Value.
SPS Valuation Date means the Knock -in Determination Day.
Strike Date means 31 July 2026.
Underlying Reference has the meaning given to such term in item 26(a) above.
Underlying Reference Closing Price Value means, in respect of a SPS Valuation Date, the Closing Price in respect of such day.
Underlying Reference Strike Price means, in respect of an Underlying Reference, the Underlying Reference Closing Price Value for s uch Underlying Reference on the Strike Date.
Underlying Reference Value means, in respect of an Underlying Reference and a SPS Valuation Date, (i) the Underlying Refere nce Closing Price Value for such Underlying Reference in res pect of such SPS Valuation Date (ii) divided by the Underlying Reference Strike Pr ice.
Worst Value means, in respect of a SPS Valuation Date, the lowest Underlying Reference Value for any Underlying Reference in th e Basket in respect of such SPS Valuation Date.
(b) Level:
Not applicable.
(c) Knock -in Level/Knock -in Range Level/Knock -in Bottom Level/Knock -in
Top Level/Individual
Underlying Reference
Knock -in Level:
Knock -in Level: 55 per cent.
(d) Knock -in Period
Beginning Date:
Not applicable.
(e) Knock -in Period Beginning Date Day
Convention:
Not applicable.
(f) Knock -in Determination
Period:
Not applicable.
(g) Knock -in Determination
Day(s):
Redemption Valuation Date.
(h) Knock -in Period Ending
Date:
Not applicable.
(i) Knock -in Period Ending Date Day Convention:
Not applicable.
(j) Knock -in Valuation Time:
Valuation Time.
(k) Knock -in Observation
Price Source:
Not applicable.
(l) Disruption
Consequences:
Applicable.
41. Knock -out Event:
Not applicable.
ISSUER CALL OPTION, NOTEHOLDER PUT OPTION AND AUTOMATIC EARLY REDEMPTION
10 / 16
42. Issuer Call Option:
Not applicable.
43. Noteholder Put Option:
Not applicable.
44. Automatic Early Redemption:
Not applicable.
GENERAL PROVISIONS FOR VALUATION(S)
45. Strike Date, Strike Price, Averaging Date(s), Observation Period and
Observation Date(s):
(a) Strike Date:
31 July 2026
Strike Price: Not applicable.
(b) Averaging:
Averaging does not apply to the Securities.
(c) Observation Dates:
Not applicable.
(d) Observation Period:
Not applicable.
46. PROVISIONS RELATING TO
INTEREST (IF ANY) PAYABLE
(a) Interest:
Applicable.
Coupon Switch: Not applicable (i) Interest Period(s):
As per the Conditions.
(ii) Interest Period End
Date(s):
Each Interest Payment Date.
(iii) Business Day
Convention for
Interest Period End
Date(s):
None.
(iv) Interest Payment
Date(s):
9 August 2027 (i=1) (v) Business Day
Convention for
Interest Payment
Date(s):
Following.
(vi) Party responsible for
calculating the
Rate(s) of Interest
and Interest
Amount(s) (if not the
Calculation Agent):
Not applicable.
(vii) Margin(s):
Not applicable.
(viii) Minimum Interest
Rate:
As per the Conditions.
(ix) Maximum Interest
Rate:
Not applicable.
(x) Day Count Fraction:
Not applicable.
(xi) Determination
Date(s):
Not applicable.
(xii) Accrual to
Redemption:
Not applicable.
11 / 16 (xiii) Rate of Interest:
Fixed Rate.
(xiv) Coupon rate:
Not applicable.
(b) Fixed Rate Provisions:
Applicable.
(i) Fixed Rate of
Interest
17 per cent.
(ii) Fixed Coupon
Amount
EUR 170.00 per Calculation Amount.
(iii) Broken Amount Not applicable.
(c) Floating Rate Provisions:
Not applicable.
(d) Zero Coupon Provisions:
Not applicable.
PRODUCT SPECIFIC PROVISIONS FOR LINKED INTEREST (IF APPLICABLE)
47. Linked Interest Notes:
Not applicable.
DISTRIBUTION
48. U.S. Selling Restrictions:
Reg. S Compliance Category 2; TEFRA D 49. Additional U.S. Federal income tax
considerations:
The Securities are not Specified Securities for the purp ose of Section 871(m) of the U.S. Internal Revenue Code of 1986.
50. Non-exempt Offer:
Applicable.
(i) Non-exempt Offer
Jurisdictions:
Croatia
(ii) Offer Period:
The period from and including 6 July 2026 until and i ncluding 31 July 2026 ("Offer End Date ").
(iii) Financial intermediaries granted specific consent to use the Base
Prospectus in
accordance with the Conditions in it:
Erste Group Bank AG, AM Belvedere 1
1100 Wien
Austria,
LEI: PQOH26KWDF7CG10L6792
(the “ Offeror ”) (iv) General Consent:
Not applicable.
(v) Other Authorised Offeror
Terms:
Not applicable.
51. Prohibition of Sales:
Not applicable.
(i) Prohibition of Sales to EEA Retail Investors:
Not applicable.
(ii) Prohibition of Sales to UK Retail Investors:
Not applicable.
(iii) Prohibition of Sales to EEA Non Natural
Persons (where
Securities are held in a
retail account):
Not applicable.
(iv) Prohibition of Sales to UK Non Natural Persons (where Securities are held in a retail account):
Not applicable.
12 / 16
PROVISIONS RELATING TO COLLATERAL AND SECURITY
52. Secured Securities other than Nominal Value Repack Securities:
Not applicable.
53. Nominal Value Repack Securities:
Not applicable.
54. Actively Managed Securities:
Not applicable.
Responsibility
The Issuer accepts responsibility for the information co ntained in these Final Terms. To the best of the knowledg e of the Iss uer (who has taken all reasonable care to ensure that such is th e case), the information contained herein is in accordance with the facts and does not omit anything likely to affect the import of s uch information.
13 / 16
PART B - OTHER INFORMATION
1. LISTING AND ADMISSION TO TRADING
Application has been made to list the Securities on the Official List of the Luxembourg Stock Exchange and to admit the Securities for trading on the Luxembourg Stock Exchange's re gulated market.
Estimate of total expenses related to admission to trading: EUR 1,4 50.00.
2. RATINGS
Ratings:
The Notes have not been rated.
3. INTERESTS OF NATURAL AND LEGAL PERSONS INVOLVED IN THE OFFER
Save as discussed in the " Potential Conflicts of Interest " paragraph in the " Risks" section in the Base Prospectus, so far as the Issuer is aware, no person involved in the offer of the Securi ties has an interest material to the offer.
Investors should be informed that the Authorised Offerors wi ll receive from the Issuer, placement fees implicit in the Issue Price of the Securities equal to a maximum amount of 1.55% per cent. per annum of the Nominal Amount per Security. All placement fees will be paid out upfront.
4. REASONS FOR THE OFFER, ESTIMATED NET PROCEEDS AND TOTAL EXPENSES
(i) Reasons for the offer:
See "Use of Proceeds" in the Base Prospectus.
(ii) Estimated net proceeds:
EUR 10,000,000.00
(iii) Estimated total expenses:
See item 1 of this Part B above.
5. PERFORMANCE OF INDEX AND OTHER INFORMATION CONCERNING THE UNDERLYING REFERENCE OR
REFERENCE RATE
Share Website Bloomberg Screen Page ServiceNow Inc www.servicenow.com NOW UN Equity SAP SE www.sap.com SAP UN Equity Salesforce Inc www.salesforce.com CRM UN Equity
6. OPERATIONAL INFORMATION
(i) ISIN:
XS3414740608
(ii) Common Code:
341474060
(iii) CFI:
DECVSB
(iv) FISN:
BNPPIBV/VARI NT NKG 20270809 BSKT
(v) Any clearing system(s) other than Euroclear and
Clearstream, Luxembourg
and Euroclear France approved by the Issuer and the Principal Paying Agent and the relevant identification
number(s):
Not applicable.
(vi) Delivery:
Delivery against payment.
(vii) Additional Paying Agent(s) (if
any):
Not applicable.
(viii) Intended to be held in a manner which would allow
Eurosystem eligibility:
No. Whilst the designation is specified as "no" at the da te of these Final Terms, should the Eurosystem eligibility criteria be amended in the future such that the Securities are capable of meeting them the Securities may then be deposited with one of the ICSDs as common safekeeper. Note that this does not necessarily mean that the Securities will then be
14 / 16 recognised as eligible collateral for Eurosystem mone tary policy and intra -
day credit operations by the Eurosystem at any time duri ng their life. Such recognition will depend upon the ECB being satisfied that Eurosystem eligibility criteria have been met.
7. TERMS AND CONDITIONS OF THE NON -EXEMPT OFFER
Offer Price: The Issuer has offered the Securities to the Managers at th e initial issue price of 100 per cent.
Conditions to which the offer is subject: Offers of the Securities are conditional on their issue a nd on any additional conditions set out in the standard terms of business of the Authorised Offerors, notified to investors by such relevant Authorised Off eror.
The Issuer reserves the right to modify the total nominal amount of the Notes to which investors can subscribe, curtail the offer of the Securities or withdraw the offer of the Securities and/or, if the Securiti es have not yet been issued, cancel the issua nce of the Securities for any reason at any time on or prior to the Offer End Date (as defined below) a nd advise the Distributor accordingly. For the avoidance of doubt, if any appl ication has been made by a potential investor and the Issuer exercis es such a right to withdraw the offer, each such potential investor shall not b e entitled to subscribe or otherwise acquire the Securities.
The Issuer reserves the right to extend the Offer Period. The Issuer will inform of the extension of the Offer Period by means of a n otice to be published on the following
webpage:https://eqdpo.bnpparibas.com/XS3414740608
Description of the application process: Application to subscribe for the Notes can be made in Cro atia at the offices of the relevant Authorised Offeror. The distribution of the Notes will be carried out in accordance with Authorised Offeror’s usu al procedures notified to investors by such Author ised Offeror.
Prospective investors will not be required to enter into any contractual arrangements directly with the Issuer in relation to the subsc ription for the Notes.
Details of the minimum and/or maximum amount of the application: The minimum amount of application is the Specified Denomina tion.
Maximum subscription amount per investor:
10,000 x Specified Denomination
The maximum amount of application of Notes will be subjec t only to availability at the time of the application.
There are no pre -identified allotment criteria. The Authorised Offerors will adopt allotment criteria that ensure equal treatment of prosp ective investors. All of the Notes requested through the Authorise d Offerors during the Offer Period will be assigned up to the maximum amount of the Offer.
In the event that during the Offer Period the requests excee d the total amount of the offer destined to prospective investors the Is suer, in accordance with the Authorised Offerors, will proceed to e arly terminate the Offer Period and will immediately susp end the acceptance of further requests.
Description of possibility to reduce subscriptions and manner for refunding amounts paid in excess by applicants: Not applicable Details of the method and time limits for paying up and delivering the Securities: The Securities will be issued on the Issue Date against payment to the Issuer of the net subscription moneys. Investors will be notified by the relevant Authorised Offeror of their allocations of Secur ities and the settlement arrangements in respect thereo f.
Manner and date in which results of the offers are to be made public: Publication on the following website:
15 / 16
https://eqdpo.bnpparibas.com/XS3414740608
Procedure for exercise of any right of pre -
emption, negotiability of subscription rights and treatment of subscription rights not exercised: Not applicable Process for notification to applicants of the amount allotted and the indication whether dealing may begin before notification is made: No dealings in the Securities on a regulated market for th e purposes of the Markets in Financial Instruments Directive 2014/65/EU ma y take place prior to the Issue Date.
Amount of any expenses and taxes charged to the subscriber or purchaser: The Issuer is not aware of any expenses and taxes specific ally charged to the subscriber.
8. INTERMEDIARIES WITH A FIRM COMMITMENT TO ACT
Name and address of the entities which have a firm commitment to act as intermediaries in secondary trading, providing liquidity through bid and offer rates and a description of the main terms of their commitment: None.
9. PLACING AND UNDERWRITING
Name and address of the co -ordinator(s) of the global offer and of single parts of the offer and to the extent known to the Issuer, of the placers in the various countries where the offer takes place: The Distributor identified in Paragraph 50 of Part A an d identifiable from the Base Prospectus.
Name and address of any paying agents and depository agents in each country (in addition to the Principal Paying Agent): Not applicable 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: No underwriting commitment is undertaken by the Authorised Offer ors.
When the underwriting agreement has been or will be reached: Not applicable
10. EU BENCHMARKS REGULATION
EU Benchmarks Regulation: Article 29(2) statement on benchmarks: Not applicable.
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ANNEX - ISSUE SPECIFIC SUMMARY
Summary
Section A - Introduction and Warnings
Warnings
This summary should be read as an introduction to the Base Prospectus and the applicable Final Terms.
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.
Investors may be exposed to a partial or total loss of their inv estment.
Where a claim relating to information contained in the Base Prospect us and the applicable Final Terms is brought before a cou rt 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.
Civil liability in any such Member State attaches to the Iss uer or the Guarantor solely on the basis of this summary, includ ing any translation hereof, but only if it is misleading, inaccurate or inconsistent when read together with t he other parts of the Base Prospectus and the applicable Final Terms or it does not prov ide, when read together with the other parts of the Base Prospectus and the appli cable Final Terms, key information in order to aid investor s when considering whether to invest in the Securi ties.
You are about to purchase a product that is not simple and may be di fficult to understand.
Name and international securities identification number (ISIN) of the securities
EUR Quanto "17,00% BNP Paribas Protect Pro AI Business Soft ware Leaders 26 -27" Notes relating to 3 Shares - The securities are Notes. International Securities Identification Number (" ISIN"): XS3414740608.
Identity and contact details of the issuer
BNP Paribas Issuance B.V. (the " Issuer "), Parnassusweg 789, 1082 LZ Amsterdam, the Netherlands (telephone number: +31(0)88 738 0000). The legal entity identifier of the Issuer is 7245009UXRIGIRYOBR48.
Identity and contact details of the offeror and / or person asking for admission to trading
Offeror: Erste Group Bank AG, AM Belvedere 1 1100 Wien Austria, LEI: PQOH26KW DF7CG10L6792 Person asking for admission to trading : BNP Paribas Issuance B .V. (the “Issuer”), Parnassusweg 789, 1082 LZ Amsterdam, the N etherlands (telephone number:
+31(0)88 738 0000).
Identity and contact details of the competent authority approving the p rospectus
Autorité des Marchés Financiers (" AMF "), 17, place de la Bourse, 75082 Paris Cedex 02, France - +33(0) 1 53 45 60 00 - www.amf-france.org
Date of approval of the prospectus
The Base Prospectus has been approved on 21 May 2026 under the approval nu mber 26 -151 by the AMF, as supplemented from time to time.
Section B - Key information on the issuer
Who is the issuer of the securities?
Domicile / legal form / LEI / law under which the issuer operates / coun try of incorporation
BNPP B.V. was incorporated in the Netherlands as a private company with limited liability under Dutch law having its regi stered office at Parnassusweg 789, 1082 LZ Amsterdam, the Netherlands. Legal entity identifier (LEI): 724 5009UXRIGIRYOBR48.
BNPP B.V.'s long term credit rating is A+ with a stable outlook (S&P Global Ratings Europe Limited) and BNPP B.V.'s s hort ter m credit rating is A -1 (S&P Global Ratings Europe Limited).
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.
The assets of BNPP B.V. consist of the obligations of other BNP P Group entities. Holders of securities issued by BNPP B.V . will, subject to the provisions of the Guarantee issued by BNPP, be exposed to the ability of BNPP Group entities to perform their ob ligations towards BNPP B.V.
Major shareholders
BNP Paribas holds 100 per cent. of the share capital of BNPP B.V.
Identity of the issuer's key managing directors
The Managing Directors of BNP Paribas Issuance B.V. are Edwin H erskovic/Cyril Le Merrer/Folkert van Asma/Hugo Peek/Matthew Y andle.
Identity of the issuer's statutory auditors
Deloitte Accountants B.V. are the auditors of the Issuer. Deloitt e Accountants B.V. is an independent registered audit firm i n the Netherlands. The relevant auditors of Deloitte Accountants B.V. who have signed the independent auditor’s reports incorporate d by reference into the Base Prospectus are members of the Royal Neth erlands Institute of Chartered Accountants ( Koninklijke Nederlandse Beroepsorganisatie van Accountants ).
What is the key financial information regarding the issuer?
Key financial information
Income statement
Year Year -1 In € 31/12/2025 31/12/2024 Operating profit/loss 224,204 167,327
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Balance sheet
Year Year -1 In € 31/12/2025 31/12/2024 Net financial debt (long term debt plus short term debt minus cash) 164,334,371,318 124,241,216,005 Current ratio (current assets/current liabilities) 1 1 Debt to equity ratio (total liabilities/total shareholder equity) 29,275 22,860 Interest cover ratio (operating income/interest expense) n.a n.a Cash flow statement Year Year -1 In € 31/12/2025 31/12/2024 Net Cash flows from operating activities -2,184,469 -471,573 Net Cash flows from financing activities 0 4,500,000 Net Cash flows from investing activities 0 0
Qualifications in the audit report
Not applicable, there are no qualifications in any audit report o n the historical financial information included in the Base Prospectus.
What are the key risks that are specific to the issuer?
Not applicable. BNPP B.V. is an operating company. The creditwor thiness of BNPP B.V. depends on the creditworthiness of BNPP.
Section C - Key Information on the securities
What are the main features of the securities?
Type, class and ISIN
EUR Quanto "17,00% BNP Paribas Protect Pro AI Business Soft ware Leaders 26 -27" Notes relating to 3 Shares - The securities are Notes. International Securities Identification Number (" ISIN"): XS3414740608.
Currency / denomination / par value / number of securities issued / ter m of the securities
The currency of the Securities is Euro ("EUR"). The Securities have a par value of EUR 1,000. 10,000 Securities will be issue d. The Securities will be redeemed on 9 August 2027.
Rights attached to the securities
Negative pledge - The terms of the Securities will not contain a negative pledge pr ovision.
Events of Default - The terms of the Securities will contain events of default including non-payment, non -performance or non -observance of the Issuer's or Guarantor's obligations in respect of the Securities; the insolvency or wi nding up of the Issuer or Guarantor.
Governing law - The Securities are governed by English law.
The objective of this product is to provide you with a return base d on the performance of underlying shares (each share, an U nderlying). The product will also pay Coupon in accordance with the Coupon provisions below.
On the Redemption Date you will receive in respect of each note, in addition to any final payment of a Coupon:
1. If a Barrier Event has not occurred: a payment in cash equal to the Notional Amount.
2. If a Barrier Event has occurred: delivery of the number of shares of the Worst -Performing Underlying (as determined below) plus a payment in cas h in respect of any fraction of a share. In this case you will suffer a partial or total loss of the Noti onal Amount.
Coupon: A Coupon is due for payment at the Coupon Rate on the Redemption Date .
Where:
A Barrier Event shall be deemed to occur if the Final Referenc e Price of at least one Underlying is below the Barrier.
The Performance of an Underlying is the difference between its Final Reference Price and its Initial Reference Price, divided by its Initial Reference Price, expressed in absolute value.
The Worst -Performing Underlying is the Underlying that shows the lowest Fi nal Reference Price when divided by its Initial Reference Pri ce.
The Initial Reference Price of an Underlying is the closing price of that Underlying on the Strike Date.
The Final Reference Price of an Underlying is the closing price of that Underlying on the Redemption Valuation Date.
The number of shares of an underlying is the Notional Amount per note divided by its Initial Reference Price converted, if ne cessary, into the Product Currency using the applicable exchange rate on the Redemption Valuation Date.
Strike Date 31 July 2026 Issue Price 100% Issue Date 07 August 2026 Product Currency EUR Redemption Valuation Date 02 August 2027 Notional Amount (per note) EUR 1,000 Redemption Date (maturity) 09 August 2027
Coupon Rate(s) 17% of the Notional Amount
Barrier 55% of the Initial Reference Price
Underlying Bloomberg Code ISIN ServiceNow Inc NOW UN US81762P1021
SAP SE SAP UN US8030542042
Salesforce Inc CRM UN US79466L3024
Meetings - The terms of the Securities will contain provisions for calling meetings of holders of such Securities to consider matters af fecting their interests generally.
These provisions permit defined majorities to bind all holders, including holders who did not attend and vote at the relevant meeting and holders who voted in a manne r contrary to the majority.
Representative of holders - No representative of the Holders has been appointed by the Issuer.
Seniority of the securities
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The Securities are unsubordinated and unsecured obligations of the Is suer and rank pari passu among themselves.
Restrictions on the free transferability of the securities
There are no restrictions on the free transferability of the Secu rities.
Dividend or payout policy
Not Applicable
Where will the securities be traded?
Admission to trading
Application will be made by the Issuer (or on its behalf) for the Securities to be admitted to trading on the Luxembourg Stoc k Exchange (Regulated Market).
Is there a guarantee attached to the securities?
Nature and scope of the guarantee
The obligations under the guarantee are senior preferred obligations (wit hin the meaning of Article L.613 -30-3-I-3° of the French Code monétaire et financier) and unsecured obligations of BNPP and will rank pari passu with all its other present and future senior preferred and unsecured obligations subject to such exception s as may from time to time be mandatory under French law.
In the event of a bail -in of BNPP but not BNPP B.V., the obligations and/or amounts owed by BNPP under the guarantee shall be reduced to reflect any such modification or reduction applied to liabilities of BNPP resulting from the appl ication of a bail -in of BNPP by any relevant regulator (including in a situation wh ere the Guarantee itself is not the subject of such bail -in).
The Guarantor unconditionally and irrevocably guarantees to each Holder that, if for any reason BNPP B.V. does not pay any su m payable by it or perform any other obligation in respect of any Securities on the date specified fo r such payment or performance the Guarantor will, in accordance with the Conditions pay that sum in the currency in which such payment is due in immediately available f unds or, as the case may be, perform or procure the performan ce of the relevant obligation on the due date for such pe rformance.
Description of the guarantor
The Securities will be unconditionally and irrevocably guaranteed by BNP Paribas ("BNPP" or the "Guarantor") pursuant to an E nglish law deed of guarantee executed by BNPP 21 May 2026 (the "Guarantee").
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. Legal entity identifier (LEI): R0MUWSFPU8MPRO8K5 P83.
BNPP's long -term credit ratings are A+ with a stable outlook (S&P Globa l Ratings Europe Limited), A1 with a stable outlook (Moody's De utschland GmbH) and AA - with a stable outlook (Fitch Ratings Ireland Limited) (which is the long -term rating assigned to BNPP’s senior preferred debt by Fitch) and BNPP's short -term credit ratings are A -1 (S&P Global Ratings Europe Limited), P -1 (Moody's Deutschland GmbH) and F1+ (Fitch Ratings Ireland Limite d).
BNP Paribas SA is the parent company of the BNP Paribas Gro up (together the " BNPP Group ").
BNP Paribas’ organisation is based on three operating divisions: Corporat e & Institutional Banking (CIB), Commercial, Personal Ba nking & Services (CPBS) and Investment & Protection Services (IPS).
Corporate and Institutional Banking (CIB) : Global Banking, Global Markets and Securities Services.
Commercial, Personal Banking & Services (CPBS):
- Commercial & Personal banking in the Euro -zone : Commercial & Personal Banking in France (CPBF), BNL banca commercial e (BNL bc), Commercial & Personal Banking in Italy, Commercial & Personal Banking in Belgium (CPBB ) and Commercial & Personal Banking in Luxembourg (CPBL).
- Commercial & Personal Banking outside the Euro -zone, organised around : Europe -Mediterranean, covering Commercial & Personal Banking outside the Euro -zone, in particular in Central and Eastern Europe, Türkiye and Africa.
- Specialised Businesses : BNP Paribas Personal Finance, Arval and BNP Paribas Leasing Solutions, new digital businesses (in particular Nickel, Floa, Lyf) and BNP Paribas Personal Investors.
Investment & Protection Services (IPS): Insurance (BNP Paribas Cardif), BNP Paribas Wealth Management, B NP Paribas Asset Management (strengthened in 2025 by the integration of AXA Investment Managers), BNP Paribas Rea l Estate and IPS Investments (management of the BNP Paribas Gr oup’s portfolio of unlisted and listed industrial and commercial investments).
As at 31 December 2025, the main shareholders were Société Fédérale de Participations et d'Investissement ("SFPI") a public -interest société anonyme (public limited company) acting on behalf of the Belgian government state holding 5.7 % of the share capital , BlackRock Inc. holding 7.1% of the share capital and Grand Duchy of Luxembourg holding 1.2% of the share capital.
Key financial information for the purpose of assessing the guarantor's ability to fulfil its commitments under the guarantee
Since 1 January 2023, BNP Paribas Group’s insurance entities have ap plied IFRS 17 « Insurance Contracts » and IFRS 9 « Financ ial Instruments », deferred for these entities until IFRS 17 comes into force.
Income statement
Year Year -1 Interim Comparative interim from same period in prior year In millions of € 31/12/2025 31/12/2024 31/03/2026 31/03/2025 Revenues 51,223 48,831 14,056 12,960 Cost of risk -3,350 -2,999 -922 -766 Costs of legal risks on financial instruments -203 -202 -245 -15 Operating Income 16,296 15,437 4,179 3,922 Net income attributable to equity holders 12,225 11,688 3,217 2,951 Earnings per share (in euros) 10.29 9.57 2.73 2.44
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Balance sheet
Year Year -1 Interim Comparative interim from same period in prior year In millions of € 31/12/2025 31/12/2024 31/03/2026 31/03/2025 Total assets 2,792,981 2,704,908 2,931,529 2,802,044 Debt securities 302,391 302,237 311,766 313,163 Of which mid long term Senior Preferred 137,649* 119,370* n.a n.a Subordinated debt 35,289 32,615 33,988 32,546 Loans and receivables from customers (net) 897,358 900,141 915,780 894,201 Deposits from customers 1,075,564 1,034,857 1,093,160 1,027,112 Shareholders' equity (Group share) 125,513 128,137 129,979 130,115 Doubtful loans/ gross outstandings** 1.6% 1.6% 1.6% 1.6% Common Equity Tier 1 capital (CET1) ratio 12.6% 12.9% 12.8%
(CRR3) 12.4%
Total Capital Ratio 17% 17.1% 17.3%
(CRR3) 16.7% (CRR3)
Leverage Ratio 4.5% 4.6% 4.4% 4.4% (*) Regulatory scope (**) Impaired loans (stage 3) to customers and credit institutions, not netted of guarantees, including on -balance sheet and off -balance sheet and including debt securities measured at amortised costs or at fair value through shareholders' eq uity reported (exc luding insurance) and on gross outstanding loans to customers and cr edit institutions, on -balance sheet and off -balance sheet and including debt securities measured at amortised cost s or at fair value through shareholders' equity (exclud ing insurance) and including the effects of IFRS 5 standard application in relation to Non current assets held for sale.
Most material risk factors pertaining to the guarantor
1. A substantial increase in new provisions or a shortfall in the lev el of previously recorded provisions exposed to credit risk and counterparty risk could adversely affect the BNP Paribas Group’s results of operations and financial condit ion 2. The BNP Paribas Group’s risk management policies, procedures and metho ds may leave it exposed to unidentified or unanticipate d risks, which could lead to material
losses
3. The BNP Paribas Group may incur significant losses on its tradi ng and investment activities due to market fluctuations and vo latility 4. The BNP Paribas Group’s access to and cost of funding could be adve rsely affected by a resurgence of financial crises, worsen ing economic conditions, rating downgrades, increases in sovereign credit spreads or other factors 5. Adverse economic and financial conditions have in the past and may in the future significantly affect the BNP Paribas Group a nd the markets in which it operates 6. Laws and regulations in force, as well as current and future legis lative and regulatory developments, may significantly impac t the BNP Paribas Group and the financial and economic environment in which it operates.
7. Should the BNP Paribas Group fail to implement its strategic objectives or to achieve its published financial objectives, or should its results not follow stated expected trends, the trading price of its securities could be adversely affected.
What are the key risks that are specific to the securities?
Most material risk factors specific to the securities
There are also risks associated with the Securities, including :
1. Risks related to the structure of the securities:
The return on the securities depends on the performance of the Underl ying Reference(s) and whether knock -in or knock -out features apply. Investors may be exposed to a partial or total loss of their investment.
2. Risks related to the underlying and its disruption and adjustments:
Unlike a direct investment in any Share(s), Stapled Share(s), GDR (s) and/or ADR(s) comprising the Underlying Reference(s) (to gether the "Share(s)"), an investment in Share Securities does not entitle Holders to vote or receive div idends or distributions (u nless otherwise specified in the Final Terms). Accordingly, t he return on Share Securities will not be the same as a direct investment in the r elevant Share(s) and could be less than a direct investment. H olders are exposed to the risk that the market value of the Entitlement is less than the market value of the Secu rities and Holders may not be able to realise any cash value fr om the assets comprising the Entitlement.
Exposure to shares, similar market risks to a direct invest ment in an equity, global depositary receipt ("GDR") or American depositary receipt ("ADR"), potential adjustment events or extraordinary events and market disruption or failure to open of an excha nge may have an adverse effect on the value and liquidity of the Securities.
3. Risks related to the trading markets of the securities:
The trading price of the Securities may be affected by a number of factors including, but not limited to, the relevant price, value or level of the Underlying Reference(s), the time remaining until the scheduled redemption date of the Securiti es, the actua l or implied volatility associated with the Underlying Referenc e(s) and the correlation risk of the relevant Underlying Reference(s). The possibility t hat the value and trading price of the Securities will fluctua te (either positively or negatively) depend s on a number of factors, which investors should consider carefully before purchasing or selling Securities.
4. Legal risks:
The terms of the Securities will contain provisions for calling mee tings of holders of such Securities to consider matters af fecting their interests generally. These provisions permit defined majorities to bind all holders, including holders who did not at tend and vote at the relevant meeting and holders who voted in a m anner contrary to the majority.
Section D - Key Information on the offer of securities to the public an d/or admission to trading on a regulated market
Under which conditions and timetable can I invest in this security?
General terms, conditions and expected timetable of the offer
The securities will be offered to the public from and including Jul y 6th, 2026 to and including July 31st, 2026, subject to any early closing or extension of the offer per iod.
Application will be made by the Issuer (or on its behalf) for the Securities to be admitted to trading on the Luxembourg Stoc k Exchange (Regulated Market).
Estimate of the total expenses of the issue and/or offer, including e stimated expenses charged to the investor by the issuer or the offeror
No expenses will be charged to the investors by the issuer.
Who is the offeror and/or the person asking for admission to trading?
5 / 5 Description of the offeror and / or person asking for admission to tr ading
Offeror: Ers te Group Bank AG, AM Belvedere 1 1100 Wien Austria, LEI: PQOH26KW DF7CG10L6792 Person asking for admission to trading : BNP Paribas Issuance B .V. (the “Issuer”), Parnassusweg 789, 1082 LZ Amsterdam, the N etherlands (telephone number:
+31(0)88 738 0000).
Why is this prospectus being produced?
Use and estimated net amount of the proceeds
The net proceeds from the issue of the Securities will become part of the general funds of the Issuer. Such proceeds may be u sed to maintain positions in options or futures contracts or other hedging instruments.
Estimated net proceeds: EUR 10,000,000
Underwriting agreement
No underwriting commitment is undertaken by the Offeror
Most material conflicts of interest pertaining to the offer or t he admission to trading
The Manager and its affiliates may also have engaged, and may in the fut ure engage, in investment banking and/or commercial b anking transactions with, and may perform other services for, the Issuer and the Guarantor and thei r respective affiliates in the o rdinary course of business.
Various entities within the BNPP Group (including the Issuer a nd Guarantor) and Affiliates undertake different roles in conne ction with the Securities, including Issuer of the Securities and Calculation Agent of the Securities and may also engage in tradin g activities (including hedging activities) relating to the Un derlying and other instruments or derivative products based on or relating to the Underlying which may give rise to potential conflicts of inter est.
BNP Paribas Financial Markets SNC, which acts as Manager and C alculation Agent is an Affiliate of the Issuer and the Guaranto r and potential conflicts of interest may exist between it and holders of the Securities, including with respect to certain determi nations and judgments that the Calculation Agent must make. The eco nomic interests of the Issuer and of BNP Paribas Financial Markets SNC as Manager and Calculation Agent are potentially adverse to Holders interests as an investor in the Securities.
Other than as mentioned above, so far as the Issuer is aware, no person involved in the issue of the Securities has an intere st material to the offer, including conflicting interests.
Sažetak
Odjeljak A - Uvod i upozorenja
Upozorenja
Ovaj sažetak treba shvatiti kao uvod u Osnovni prospekt i primjenj ive Konačne uvjete.
Svaka odluka o ulaganju u bilo koje Vrijednosne papire treba se donijeti uzimajući u obzir Osnovni prospekt u cjelini, uključ ujući sve dokumente na koje on upućuje i primjenjive Konačne uvjete.
Ulagatelji mogu biti izloženi djelomičnom ili potpunom gubitku svog ula ganja.
U slučaju da je sudu države članice Europskog gospodarskog pros tora podnesen zahtjev koji se odnosi na informacije sadržane u Osnovnom prospektu i primjenjivim Konačnim uvjetima, tužitelj može, prema nacionalnom zakonodavstvu drž ave članice u kojoj je zaht jev podnesen, biti dužan snositi troškove prijevoda Osnovnog prospekta i primjenjivih Konačnih uvjeta prije pokretanja pravnog postupka.
Građanskopravna odgovornost u bilo kojoj takvoj Državi članici pov ezana je s Izdavateljem ili Jamcem isključivo na temelju ov og sažetka, uključujući i bilo koji njegov prijevod, ali samo ako je obmanjujuće naravi, netočan ili nedosljedan kada ga se pročita zajedno s ostalim dijelovima Osnovnog prospekta i primjenjivim Kona čnim uvjetima ili ne pruža, kada se pročita zajedno s ostalim dijelovi ma Osnovnog prospekta i primjenjivim Konačnim uvjetima, klju čne informacije koje imaju svrhu pomoći ulagateljima u don ošenju odluke o ulaganju u Vrijednosne papire.
Planirate kupiti proizvod koji nije jednostavan i možda ga je teško raz umjeti.
Naziv i međunarodni identifikacijski broj (ISIN) vrijednosnog papira
EUR Quanto "17,00% BNP Paribas Protect Pro AI Business Softwa re Leaders 26 -27" Obveznice u odnosu na 3 Dionice - Vrijednosni papiri su obveznice . Međunarodni identifikacijski broj vrijednosnog papira (" ISIN"): XS3414740608.
Identifikacija i kontakt podaci izdavatelja
BNP Paribas Issuance B.V. (“ Izdavatelj ”), Parnassusweg 789, 1082 LZ Amsterdam, Nizozemska (broj telefo na: +31(0)88 738 0000). Identifikator pravne osobe Izdavatelja je: 7245009UXRIGIRYOBR48.
Identitet i kontakt podaci ponuditelja i/ili osobe koja traži uvrštenj e za trgovanje
Ponuditelj: Erste Group Bank AG, Am Belvedere 1, 1100 Beč, Aus trija, LEI: PQOH26KWDF7CG10L6792.
Osoba koja traži uvrštenje na tržište: BNP Paribas Issuance B.V. (“Izdavatelj”), Parnassusweg 789, 1082 LZ Amsterdam, Nizozem ska (broj telefona: +31(0)88 738 0000).
Identitet i kontakt podaci nadležnog tijela za odobrenje prospekta
Autorité des Marchés Financiers (" AMF "), 17, place de la Bourse, 75082 Paris Cedex 02, Francuska - +33(0)1 53 45 60 00 - www.amf -france.org
Datum odobrenja prospekta
Osnovni prospekt potvrđen je 21. svibnja 2026.pod brojem odobrenja 26-151 od strane AMF -a, kako je dopunjen s vremena na vrijeme.
Odjeljak B – Ključne informacije o izdavatelju
Tko je izdavatelj vrijednosnih papira?
Domicil / pravni oblik / LEI / pravo prema kojem posluje izdavatelj / država osnivanja
BNPP B.V. osnovano je u Nizozemskoj kao trgovačko društvo s ograničenom odgovornošću prema nizozemskom pravu s registriranim sjedištem u Parnassusweg 789, 1082 LZ Amsterdam, Nizozemska. Identifikator pravne osobe (LEI) je: 7245009UXRIGIRYOBR48.
BNPP B.V. -ov dugoročni kreditni rejting je A+ sa stabilnim izgledima (S& P Global Ratings Europe Limited) i BNPP B.V. -ov kratkoročni kreditni rejting je A -1 (S&P Global Ratings Europe Limited).
Osnovne djelatnosti
Osnovna poslovna djelatnost Izdavatelja je izdavanje i/ili s tjecanje financijskih instrumenata bilo koje vrste te sklap anje p ovezanih ugovora za račun raznih društava unutar BNPP Grupe.
Imovina BNPP B.V. -a sastoji se od tražbina prema subjektima unutar BNPP Grupe. Imatelj i vrijednosnih papira koje izdaje BNPP B.V. će, u skladu s odredbama Jamstva koje izdaje BNPP, biti izloženi sposobnosti subjekata unutar BNP P Grupe da izvršavaju svoje o bveze prema BNPP B.V. -u.
Glavni dioničari
BNP Paribas drži 100 posto dioničkog kapitala BNPP B.V.
Identitet glavnih direktora izdavatelja
Glavni direktori društva BNP Paribas Issuance B.V. su Edwin H erskovic/Cyril Le Merrer/Folkert van Asma/Hugo Peek/Matthew Yand le.
Identitet ovlaštenih revizora izdavatelja
Deloitte Accountants B.V. su ovlašteni revizori Izdavatelja. D eloitte Accountants B.V. je nezavisno registrirano revizorsko društvo u Nizozemskoj. Relevantni revizori Deloitte Accountants B.V. koji su potpisali nezavisne revizorsk e izvješće koji su uključe ni putem upućivanja u Osnovni prospekt su članovi Kraljevskog nizozems ke udruga ovlaštenih računovođa ( Koninklijke Nederlandse Beroepsorganisatie van Accountants ).
Koje su ključne financijske informacije o izdavatelju?
Ključne financijske informacije
Račun dobiti i gubitka Godina Godina -1 U eurima 31/12/2025 31/12/2024 Operativna dobit/gubitak 224.204 167.327
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Bilanca
Godina Godina -1 U eurima 31/12/2025 31/12/2024 Neto financijska dugovanja (dugoročna dugovanja uvećano za kratkoročna dugovanja umanjeno za gotovinu) 164.334.371.318 124.241.216.005 Trenutačni omjer (kratkotrajna imovina/kratkotrajne obveze) 1 1 Omjer duga i kapitala (ukupne obveze/ukupni dionički kapital) 29.275 22.860 Omjer pokrića kamata (operativni prihod/trošak kamata) n.a n.a Izvještaj o novčanom toku Godina Godina -1 U eurima 31/12/2025 31/12/2024 Neto novčani tokovi iz poslovnih aktivnosti -2.184.469 -471.573 Neto novčani tokovi iz financijskih aktivnosti 0 4.500.000 Neto novčani tokovi iz investicijskih aktivnosti 0 0
Mišljenja s rezervom u revizorskom izvješću
Nije primjenjivo, nema mišljenja s rezervom ni u jednom revizors kom izvješću o povijesnim financijskim informacijama uključen im u Osnovni prospekt.
Koji su ključni rizici specifični za izdavatelja?
Nije primjenjivo. BNPP B.V. je operativno društvo. Kreditna spo sobnost BNPP B.V. ovisi o kreditnoj sposobnosti BNPP.
Odjeljak C - Ključne informacije o vrijednosnim papirima
Koja su glavna obilježja vrijednosnih papira?
Vrsta, razred i ISIN
EUR Quanto "17,00% BNP Paribas Protect Pro AI Business Softwa re Leaders 26 -27" Obveznice u odnosu na 3 Dionice - Vrijednosni papiri su obveznice . Međunarodni identifikacijski broj vrijednosnog papira (" ISIN"): XS3414740608.
Valuta / denominacija / nominalna vrijednost / broj izdanih vrijednosni h papira / rok trajanja vrijednosnih papira
Valuta vrijednosnih papira je Euro ("EUR"). Vrijednosni papiri imaju n ominalnu vrijednost od EUR 1,000. Bit će izdano 10,000 Vrijednosnih papira. Vrijednosni papiri bit će otkupljeni dana 9. kolovoza 2027..
Prava koja proizlaze iz vrijednosnih papira
Negativan zalog - Uvjeti Vrijednosnih papira neće sadržavati odredbu kojom se zabr anjuje zasnivanje založnog prava.
Događaji neispunjavanja obveza - Uvjeti vrijednosnih papira sadržavat će slučajeve neispunjenja obveza, uključujući neplaćanje, neizvršenje ili nepridržavanje obveza Izdavatelja ili Jamca u odnosu na vrijednosne papire; insolventnost i li likvidaciju Izdavatelja ili Jamca.
Mjerodavno pravo - Na Vrijednosne papire primjenjuje se englesko pravo.
Cilj ovog proizvoda je osigurati vam povrat na temelju uspješnosti temel jnih dionica (svaka je dionica Temeljni instrument). Proizvod će također platiti kupon u skladu s odredbama Kupona u nastavku.
Na Datum otkupa primit ćete za svaku obveznicu, uz bilo koju konačnu isplatu kupona:
1. Ako nije nastupio Granični događaj: isplatu u novcu u visini Nomi nalnog iznosa.
2. Ako je nastupio Granični događaj: isporuku broja dionica Najneuspješ nijeg temeljnog instrumenta (kako je utvrđeno u nastav ku) plus isplatu u novcu za bilo koju frakciju dionice. U tom ćete slučaju pretrpjeti djelomični ili potp uni gubitak Nominalnog iznosa.
Kupon: Kupon dospijeva za isplatu po Kuponskoj stopi na Datum otkupa.
Pri čemu:
Smatrat će se da je nastupio Granični događaj ako je Konačna referen tna cijena najmanje jednog Temeljnog instrumenta ispod Gr anice.
Uspješnost Temeljnog instrumenta je razlika između njegove Konačne referen tne cijene i njegove Početne referentne cijene, pod ijeljena s njegovom Početnom referentnom cijenom, iskazana kao apsolutna vrijednost.
Najneuspješniji temeljni instrument je Temeljni instrument koji iskazuje najnižu Konačnu referentnu cijenu kad se podijeli sa svojom Početnom referentnom cijenom.
Početna referentna cijena Temeljnog instrumenta je cijena zatvaranja t og Temeljnog instrumenta na Datum izvršenja.
Konačna referentna cijena Temeljnog instrumenta je cijena zatvaranja t og Temeljnog instrumenta na Datum vrednovanja otkupa.
Broj dionica temeljnog instrumenta je Nominalni iznos po obveznici podijeljen s njegovom Početnom referentnom cijenom konvert iranomn, ako je potrebno, u Valutu proizvoda primjenom važećeg tečaja na Datum vrednovanja otkupa.
Datum izvršenja 31. srpnja 2026. Cijena izdanja 100% Datum izdanja 7. kolovoza 2026. Valuta Proizvoda EUR Datum Vrednovanja Otkupa 2. kolovoza 2027. Nominalni iznos (po obveznici) 1,000 EUR Datum Otkupa (dospijeća) 9. kolovoza 2027.
Kuponska stopa 17% od Nominalnog iznosa
Barijera 55% Početne referentne cijene
Temeljni instrument Bloomberg Kod ISIN ServiceNow Inc NOW UN US81762P1021
SAP SE SAP UN US8030542042
Salesforce Inc CRM UN US79466L3024
Sastanci - Uvjeti Vrijednosnih papira sadržavat će odredbe o sazivanju sastanaka imatelja takvih Vrijednosnih papira radi razmatranja pi tanja koja općenito utječu na njihove interese. Takve odredbe dopuštaju da određena većina obvezuje sve imatelje, uključujući im atelje koji nisu prisustvovali i glasovali na relevantnoj skupštini i imatelje koji su glasovali na način suprotan većini.
3 / 5 Zastupnik imatelja - Izdavatelj nije imenovao zastupnika Imatelja.
Nadređenost vrijednosnih papira
Vrijednosni papiri su nepodređene i neosigurane obveze Izdavatelja koj e su u istom redu prvenstva.
Ograničenja slobodne prenosivosti vrijednosnih papira
Nema ograničenja slobodne prenosivosti Vrijednosnih papira.
Dividende i politika isplate
Nije primjenjivo.
Gdje će se trgovati vrijednosnim papirima?
Uvrštenje na tržište
Zahtjev će podnijeti Izdavatelj (ili u njegovo ime) za uvrštenje Vrijednosnih papira za trgovanje na Luxembourg Stock Exchang e (Regulirano tržište).
Postoji li jamstvo za vrijednosne papire?
Priroda i opseg jamstva
Obveze na temelju jamstva su nadređene povlaštene obveze (sukladno čl anku L.613 -30-3-I-3° francuskog Monetarnog i financijskog zakonika) i neosigurane obv eze BNPP -a, te će imati isti red prvenstva sa svim njegovim drugim s adašnjim i budućim nadređenim povl aštenim i neosiguranim obvezama podložno iznimkama koje sukladno francuskom pravu s vremena na vrijeme mogu biti prisilne na ravi.
U slučaju bail -in-a BNPP -a, ali ne i BNPP -a B.V. -a, obveze i/ili iznosi koje BNPP duguje na temelju jamstva će se smanjiti kako bi odražavale svaku takvu izmjenu ili smanjenje primijenjeno na obveze BNPP -a koje proizlaze iz primjene bail -in-a BNPP -a od str ane bilo kojeg relevantnog regulatora (uključujući situaciju u kojoj samo jamstvo nije predmet takvog bail -in-a.
Jamac bezuvjetno i neopozivo jamči svakom Imatelju da, ako iz bilo k ojeg razloga BNPP B.V. ne plati bilo koji iznos koji je u obvezi platiti ili ne izvrši bilo koju drugu obvezu u vezi s bilo kojim Vrijednosnim papirom na datum određen za tak vo plaćanje il i izvršenje, Jamac će, u skladu s Uvjetima platiti taj iznos u valuti u kojoj takvo plaćanje dospijeva odmah raspoloživim sredstvima ili, ovisno o s lučaju, izvršiti ili osigurati ispunjenje relevantne obveze n a datum dospijeća za takvo ispunjenje.
Opis jamca
Za obveze iz Vrijednosnih Papira bezuvjetno i neopozivo jamči BNP Pa ribas („BNPP” ili „Jamac”) u skladu s engleskim aktom o j amstvu koji je BNPP potpisao 21. svibnja 2026. ("Jamstvo").
Jamac je osnovan u Francuskoj kao trgovačko društvo (fra. socié té anonyme) sukladno francuskom pravu te ima odobrenje kao ban ka, s registriranim sjedištem u 16, boulevard des Italiens – 75009 Paris, Francuska. Identifikator pravne osobe (LEI) je: R0MUWSFPU 8MPRO8K5P83.
Dugoročni kreditni rejtinzi BNPP -a su A+ sa stabilnim izgledima (S&P Global Ratings Europe Limi ted), A1 sa stabilnim izgledima (Moody's Deutschland GmbH) i AA - sa stabilnim izgledima (Fitch Ratings Ireland Limited) ( što je dugoročni rejting koji je BNPP -ovom nadređenom povlaštenom dugu dodijelio Fitch ), a kratkoročni kreditni rejtinzi BNPP -a su A -1 (S&P Global Ratings Europe Limited), P -1 (Moody's Deutschland GmbH) i F1+ (Fitch Ratings Ireland Limited).
BNP Paribas SA matično je društvo BNP Paribas Grupe (zajedno „BNPP Grupa ”).
Organizaciju BNP Paribas čine tri operativna odjela: Korporativno i institucionalno bankarstvo (CIB), poslovno, osobno bankar stvo i usluge (CPBS) te investicijske i zaštitne usluge (IPS).
Korporativno i institucionalno bankarstvo (CIB) : Globalno bankarstvo, globalna tržišta i usluge vrijednosnih papira.
Poslovno, osobno bankarstvo i usluge (CPBS):
- Poslovno i osobno bankarstvo u eurozoni : Poslovno i osobno bankarstvo u Francuskoj (CPBF), BNL banca c ommerciale (BNL bc), Poslovno i osobno bankarstvo u Italiji, Poslovno i osobno bankarstvo u Belgiji (CPBB) i Poslov no i osobno bankarstvo u Luksemburgu (CPBL).
- Poslovno i osobno bankarstvo izvan eurozone, organizirano oko : Europe -Mediterana, pokrivajući poslovno i osobno bankarstvo izvan eurozone, pos ebno u srednjoj i istočnoj Europi, Turskoj i Africi.
- Specijalizirani poslovi : BNP Paribas Personal Finance, Arval i BNP Paribas Leasing Sol utions, nove digitalne tvrtke (posebno Nickel, Floa, Lyf) i BN P Paribas Personal Investors.
Usluge ulaganja i zaštite (IPS) : Osiguranje (BNP Paribas Cardif), BNP Paribas Wealth Manage ment, BNP Paribas Asset Management (pojačano 2025. godine integracijom AXA Investment Managers), BNP Paribas Real Estate i IPS Investments (upravljanje portfeljem neuvrštenih i uvršte nih industrij skih i komercijalnih ulaganja BNP Paribas Grupe).
Na dan 31. prosinca 2025. glavni dioničari bili su Société Fédérale de Participations et d'Investissement ("SFPI") trgovačko društvo (fra. société anonyme) koje djeluje u ime Vlade Belgije koja drži 5.7% temeljnog kapitala, BlackRock Inc. koji drži 7.1% te meljnog kapitala i Veliko Vojvodstvo Luksemburga koje drži 1.2% temeljnog kapitala.
Ključne financijske informacije potrebne za procjenu sposobnosti jamca da ispuni svoje obveze na temelju jamstva
Od 1. siječnja 2023. osiguravajuće subjekte skupine BNP Paribas primj enjuju IFRS 17 „Ugovori o osiguranju“ i IFRS 9 „Financij ski instrumenti“, koji su za te entitete odloženi sve dok IFRS 17 ne stupi na snagu.
Račun dobiti i gubitka
Godina Godina -1 Međurazdob lje Usporedba međurazdoblja s istim razdobljem prethodne
godine
U milijunima eura 31/12/2025 31/12/2024 31/03/2026 31/03/2025 Prihodi 51.223 48.831 14.056 12.960 Troškovi rizika -3.350 -2.999 -922 -766 Troškovi pravnih rizika u financijskim instrumentima -203 -202 -245 -15 Operativni prihod 16.296 15.437 4.179 3.922 Neto prihod koji se pripisuje dioničarima 12.225 11.688 3.217 2.951 Zarada po dionici (u eurima) 10,29 9,57 2,73 2,44
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Bilanca
Godina Godina -1 Međurazdob lje Usporedba međurazdoblja s istim razdobljem prethodne
godine
U milijunima eura 31/12/2025 31/12/2024 31/03/2026 31/03/2025 Ukupna imovina 2.792.981 2.704.908 2.931.529 2.802.044 Dužnički vrijednosni papiri 302.391 302.237 311.766 313.163 Od kojih srednjoročni Nadređeni povlašteni 137.649* 119.370* n.a n.a Podređeni dug 35.289 32.615 33.988 32.546 Krediti i potraživanja od korisnika (neto) 897.358 900.141 915.780 894.201 Depoziti klijenata 1.075.564 1.034.857 1.093.160 1.027.112 Dionički kapital (dionice Grupe) 125.513 128.137 129.979 130.115 Neprihodonosni krediti / bruto neotplaćena potraživanja *** 1,6% 1,6% 1,6% 1,6% Stopa redovnog osnovnog (CET1) kapitala 12,6% 12,9% 12.8%
(CRR3) 12,4%
Stopa ukupnog kapitala (Total Capital Ratio) 17% 17,1% 17.3%
(CRR3) 16.7% (CRR3)
Omjer financijske poluge 4,5% 4,6% 4,4% 4,4% (*) Regulatorni opseg (**) Neprihodonosni krediti (faza 3) korisnicima i kreditnim institucijam a, koji nisu umanjeni za jamstva, uključujući bilančne i izvan bilančne i uključujući dužničke vrijednosne papire određene prema amortiziranom trošku ili po stvar noj vrijednosti kroz dion ički kapital (isključujući osiguranje) i iskazane kao bruto nepodmi reni krediti klijentima i kreditnim institucijama, bilančnim i izvan bilančnim i uključujući dužničke vrijednosne papire određene prema am ortiziranom trošku ili prema stvarnoj vrijednosti kroz dionički kapital (ne uključujući osiguranje) uključujući i učink e primjene standarda IFRS 5 u vezi s neaktivnim aktovima koji se drže za prodaju.
Najvažniji ključni rizici specifični za jamca
1. Znatno povećanje novih rezerviranja ili manjak razine prethodno ev identiranih rezerviranja izloženih kreditnom riziku i rizik u druge ugovorne strane mogao bi negativno utjecati na rezultate poslovanja i financijsko stanje BNP Pari bas Grupe.
2. Politike, postupci i metode upravljanja rizicima BNP Paribas Gr upe mogu je izložiti neidentificiranim ili neočekivanim rizici ma, što može dovesti do materijalnih gubitaka.
3. Grupa BNP Paribas može pretrpjeti značajne gubitke u svojim trgov inskim i investicijskim aktivnostima zbog fluktuacija tržišt a i volatilnosti.
4. Na pristup BNP Paribas Grupe financiranju i njezine troškove financ iranja mogla bi negativno utjecati ponovna pojava financij ske krize, pogoršanje gospodarskih uvjeta, smanjenje rejtinga, povećanje državnih kreditnih marži i li drugi čimbenici.
5. Nepovoljni gospodarski i financijski uvjeti su u prošlosti, a m ogu i u budućnosti značajno utjecati na BNP Paribas Grupu i tr žišta na kojima djeluje.
6. Trenutačni i budući zakonodavni i regulatorni razvoj može značajno utjecati na BNP Paribas Group i financijsko i gospodarsko okruženje u kojem djeluje.
7. Ako Grupa BNP Paribas ne provede svoje strateške ciljeve ili ne pos tigne objavljene financijske ciljeve, ili ako njezini rezu ltati ne slijede navedene očekivane trendove, to bi moglo negativno utjecati na cijenu trgovanja njezinim vrij ednosnim papirima.
Koji su ključni rizici specifični za vrijednosne papire?
Najvažniji ključni rizici specifični za vrijednosne papire
Postoje rizici povezani s vrijednosnim papirima, koji uključuju:
1. Rizici vezani uz strukturu vrijednosnih papira:
Prinos po vrijednosnim papirima ovisi o kretanju Referentne imovin e te o tome primjenjuju li se značajke knock -in ili knock -out. Ulagatelji mogu biti izloženi djelomičnom ili potpunom gubitku uloženih sredstava.
2. Rizici koji se odnose na temeljne instrumente i poremećaje i p rilagodbe u vezi s njima:
Za razliku od izravnog ulaganja u bilo koju Dionicu/e, Spojenu/ e dionicu/e, GDR -ove i/ili ADR -ove koji se sastoje od Referentnog Temeljnog instrumenta / Ref erentnih temeljnih instrumenata (zajedno „Dionica/e”), ulaganje u Vrijednosne papi re s dionicom ne d aje Imateljima pravo glasa ili pravo na dividendu ili isplatu (osim ak o nije drugačije navedeno u Konačnim uvjetima). Sukladno tome, povrat na Vrijednosne papire s dionicom neće biti isti kao izravno ul aganje u relevantnu Dionicu/e i mogao bi biti manji od izravnog ulaganja. Imatelji su izloženi riziku da tržišna vrijed nost Prava iz vrijednosnog papira bude manja od tržišne vrije dnosti Vrijednosnih papira i Imatelji možda neće ostvariti nikakvu novčanu vrijednost iz imovine koja čini pripadajuće Pravo.
Izloženost dionicama, slični tržišni rizici izravnom ulaganju u vlasnički kapital, globalni primitak depozita („GDR”) ili ame rički primitak depozita („ADR”), potencijalni događaji prilagodbe ili izvanredni događaji i poremećaji na tržištu ili neuspjeh otva ranja burze mogu imati negativan učinak na vrijednost i likvidnost vrijednosnih papira.
3. Rizici povezani s tržištima na kojima se trguje vrijednosnim papirima:
Na tržišnu cijenu Vrijednosnih papira može utjecati niz čimbenika, uključujući, između ostaloga, relevantnu cijenu, vrijednos t ili razinu Referentne imovine, preostalo vrijeme do planiranog datuma otkupa Vrijednosnih papira, stvarnu ili impliciranu volatil nost povezanu s Referentnom imovinom te korelacijski rizik R eferentne imovine.
Mogućnost da će vrijednost i tržišna cijena Vrijednosnih papira fl uktuirati (bilo pozitivno ili negativno) ovisi o nizu čimbe nika koje bi ulagatelji trebali pažljivo razmotriti prije kupnje ili prodaje Vrijednosnih papira.
4. Pravni rizici:
Uvjeti Vrijednosnih papira sadržavat će odredbe o sazivanju skup štine imatelja takvih Vrijednosnih papira radi razmatranja pi tanja koja općenito utječu na njihove interese.
Takve odredbe dopuštaju da određena većina obvezuje sve imatelje, uključuj ući imate lje koji nisu prisustvovali i glasovali na relevantnoj skupštini i imatelje koji su glasovali na način suprotan većini.
Odjeljak D - Ključne informacije o javnoj ponudi vrijednosnih papira i/ili o uvrštenju za trgovanje na uređeno tržište
Pod kojim uvjetima i prema kojem rasporedu mogu uložiti u ovaj vrijednosni papir?
Opće odredbe, uvjeti i očekivani rokovi ponude
Vrijednosni papiri bit će ponuđeni javnosti od i uključujući 6 srpanj 2026 do i uključujući 31 srpanj 2026, podložno bilo kakvom prijevremenom zatvaranju ili produljenju razdoblja ponude.
Zahtjev će podnijeti Izdavatelj (ili u njegovo ime) za uvrštenje Vrijednosnih papira za trgovanje na Luxembourg Stock Exchang e (Regulirano tržište).
Procjena ukupnih troškova izdavanja i/ili ponude, uključujući procijenjene tr oškove koje izdavatelj ili ponuditelj naplaćuje ulagatelju
Izdavatelj ulagateljima neće naplatiti nikakve troškove.
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Tko je ponuditelj i/ili osoba koja traži uvrštenje na tržište
Opis ponuditelja i/ili osobe koja traži uvrštenje na tržište
Ponuditelj: Erste Group Bank AG, Am Belvedere 1, 1100 Beč, Austrija, LEI: PQOH26KWDF7CG10L6792.
Osoba koja traži uvrštenje na tržište: BNP Paribas Issuance B.V. (“Izdavatelj”), Parnassusweg 789, 1082 LZ Amsterdam, Nizozem ska (broj telefona: +31(0)88 738 0000).
Zašto se izrađuje ovaj prospekt?
Uporaba i procijenjeni neto iznos primitaka
Neto primitci od izdavanja Vrijednosnih papira postat će dio opć ih sredstava Izdavatelja. Takvi primici mogu se upotrijebiti za održavanje položaja u opcijskim ugovorima ili terminskim ugovorima ili drugim instrumentima zaštite od ri zika Procijenjeni neto primici: EUR 10,000,000
Sporazum o pokroviteljstvu
Ponuditelj ne preuzima obvezu pružanja usluge pokroviteljstva.
Naznaka najbitnijih sukoba interesa koji se odnose na ponudu ili uvrštenje za trgovan je
Upravitelj i njegova povezana društva su također mogla i mogu i u budućnosti sudjelovati u transakcijama investicijskog banka rstva i/ili komercijalnih bankarskih transakcija s Izdavateljem i Jamcem i njihovim povezanim društvim a te mogu obavljati i druge u sluge za njih i njihova povezana društva u redovnom tijeku poslovanja.
Različiti subjekti unutar BNPP Grupe (uključujući Izdavatelja i Jamca) i Povezana društva imaju različite uloge u vezi s Vrij ednosnim papirima, uključujući Izdavatelja Vrijednosnih papira i Agenta za izračun Vrijednosnih papira, a tak ođer mogu sudjelovati u aktivnostima trgovanja (uključujući aktivnosti zaštite od r izika) koje se odnose na Temeljne i druge instrumente ili financijske izvedenice koji se temelje na ili su povezani s Temeljnim Instrumentom, a koj i mogu dovesti do potencijalnog sukoba interesa.
BNP Paribas Financial Markets SNC, koji djeluje kao Upravitelj i Agent za izračun, Povezano je društvo Izdavatelja i Jamca i između njega i imatelja Vrijednosnih papira može doći do potencijalnog sukoba interesa, uključujući u vezi s odr eđenim odlukama i p rosudbama Agenta za izračun. Ekonomski interesi Izdavatelja i BNP Paribas Financial Markets SNC -a kao Upravitelja i Agenta za izračun mogu biti u sukobu s inter esima Imatelja kao ulagača u Vrijednosne papire.
Koliko je Izdavatelju poznato, osim ranije navedenog, nijedna osoba ukl jučena u izdavanje Vrijednosnih papira nema interes ko ji bi bio značajan za ponudu, uključujući sukobljene interese.