2019 Universal registration document and annual financial report - BNP PARIBAS210

4 Consolidated finanCial statements for the year ended 31 deCemBer 2019

4

Notes to the financial statements

➤ DEBT SECURITIES MEASURED AT AMORTISED COST

Issuer/Issue date In millions of euros Currency

Original amount

in foreign currency

(millions) Date of call or

interest step-up Interest

rate Interest step-up

Conditions precedent for coupon payment(1)

31 December 2019

31 December 2018

Debt securities 157,578 151,451

Debt securities in issue with an initial maturity of less than one year 60,905 70,077

Negotiable debt securities 60,905 70,077

Debt securities in issue with an initial maturity of more than one year 96,673 81,374

Negotiable debt securities 45,924 50,809

Bonds 50,749 30,565

Subordinated debt 20,003 17,627

Redeemable subordinated debt (2) 18,242 15,876

Undated subordinated notes 1,526 1,515

BNP Paribas SA Oct.-85 EUR 305 - TMO

-0.25% - B 254 254

BNP Paribas SA Sept.-86 USD 500 -

6 month- Libor

+0.075% - C 244 239

BNP Paribas Cardif Nov.-14 EUR 1,000 Nov.-25 4.032%

3-month Euribor

+393 bp D 1,000 999

Others 28 23

Participating notes 222 222

BNP Paribas SA July-84(3) EUR 337 - (4) - 215 215

Others 7 7

Expenses and commission, related debt 13 14

(1) Conditions precedent for coupon payment: B Payment of the interest is mandatory, unless the Board of directors decides to postpone these payments after the Shareholders General Meeting

has officially noted that there is no income available for distribution, where this occurs within the 12-month period preceding the due date for payment of the interest. Interest payments are cumulative and are payable in full once dividend payments resume.

C Payment of the interest is mandatory, unless the Board of directors decides to postpone these payments after the Shareholders General Meeting has validated the decision not to pay out a dividend, where this occurs within the 12-month period preceding the due date for payment of the interest. Interest payments are cumulative and are payable in full once dividend payments resume. The bank has the option of resuming payment of interest arrears, even where no dividend is paid out.

D Payment of the interest is mandatory, except for cases of regulatory deficiency, in agreement with the regulator, or of suspension of payments. Interest payments are cumulative and are payable in full, once coupon payments resume, or, if these events occur before, when the issuance is redeemed or when the issuer is liquidated.

(2) See reference relating to Debt securities at fair value through profit or loss . (3) The participating notes issued by BNP Paribas SA may be repurchased as provided for in the law of 3 January 1983. The number of notes in the market

is 1,434,092. (4) Depending on net income subject to a minimum of 85% of the TMO rate and a maximum of 130% of the TMO rate.