- BNP Paribas reported very substantial one-off costs of €7.4 billion in 2014, including €6 billion relating to a settlement with US authorities. - The bank's fully-loaded Basel 3 CET1 solvency ratio was at the end of 2014. - The document discusses a BNP Paribas product providing leveraged participation in the iStoxx Europe Next Dividend Low Risk Index over 5 years, with options for principal protection or a bonus payment depending on index performance.

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8. * 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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24.  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%