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Characteristics

Type of investment Green Growth Bond 05/2023 is a structured debt security issued under the Issuer’s 2008 Global Debt Issuance Facility. By subscribing to it, you lend money to the Issuer, who agrees to repay to you 100% of the capital invested(1) in US dollars at maturity and to pay you any redemption premium linked to the positive performance (if any) of the the Underlying index. In the event of default of the Issuer, you might not retrieve the sums to which you are entitled, and lose the capital invested.
Public offer During the subscription period, Green Growth Bond 05/2023 will be offered to the public simultaneously in a number of European countries, including  France, Luxembourg and Switzerland
Investment framework Investors in France: Securities account or life insurance
Investors in other countries: please contact your bank or your financial advisor
Recommended investment horizon 8 years
ISIN code XS1201913651
Issuer International Bank for Reconstruction and Development (or “World Bank”)
(Moody’s Aaa / stable outlook, Standard & Poor’s AAA / stable outlook, as of 28 February 2015)
Calculation agent BNP Paribas
Nominal value US$1,000
Offer price US$1,000
Commission borne by the investor and included in the offer price Commission for distributing and promoting the securities received up-front at once by the distributing banks and equivalent to a maximum annual amount of 0.25% of the specified denomination of the securities distributed.
Subscription period From 10 March to 23 April 2015 (subject to early closing, at the discretion of the Issuer – please refer to Final Terms)
Issue/payment date 30 April 2015
Maturity date 12 May 2023
Redemption at maturity1 Minimum 100% of specified denomination (in US dollars)
Fixed coupon None
Redemption premium paid at maturity1 S0 means the official closing level of the Underlying on initial observation date
Sf means the closing level of the Underlying index on the final observation date
Sf/S0 – 1 is the index performance
– If Sf/S0 – 1 ≤ 0 (Underlying index performance negative or null): no premium
– If Sf/S0 – 1> 0 (Underlying index performance positive):
premium = US$1,000 × [Sf/S0 – 1] (specific denomination multiplied by the Underlying index performance)
Underlying index  Ethical Europe Equity index (ISIN code: DE000SLA5EE6)
Initial observation date 30 April 2015
Final observation date 28 April 2023
Market value Published daily and available from your bank
Selling before maturity To sell your securities before maturity, please contact your bank. The Market Maker will under normal market conditions endeavour to make a secondary market during open business hours with a bid-ask spread no larger than 1 %. Please contact your bank to know the applicable brokerage fees, if any.
Listing Luxembourg Stock Exchange (regulated market)
Market Maker BNP Paribas Arbitrage S.N.C.

1 Excluding fees, subject to foreign exchange risk if the investor converts the capital and the potential redemption premium that are paid to them to euro, and subject to the absence of default by the World Bank.