BNP Paribas Easy Bloomberg Europe Defense Track Privilege EUR Capitalisation

The Produc tis anindex-tracking passively manage dsub-fund. The Product seeks to replicate(with a maximum tracking error*of2%)the performance of the Bloomberg Europe Defense Select Index (Bloomberg:BSHIELDNIndex) (the“Index”)byi nvesting in shares issued by companies included in the Index,respectingtheIndex'sweightings(fullreplication),orinasampleofsharesissuedby companiesincludedintheIndex(optimisedreplication).Wheninvestinginasampleofshares, theProduct'strackingerrormaybehigher.TheIndexiscomposedof Europeandefensecompaniesthatarefocusingondevelopingnewtechnologiestokeeppacewithadvancementsandchangingthreats. Further informationonthe Index, itscomposition, calculationandrules forperiodical reviewandrebalancingandonthegeneralmethodologycanbe foundat www.bloomberg.com.ThecompositionoftheIndexisreviewedonaquarterlybasis. At least, 75%of theassetswill be investedatall times inequities issuedbycompanies thathavetheir registeredoffice inamembercountryof theEuropean EconomicArea,otherthannon-cooperativecountriesinthefightagainstfraudandtaxevasion. TotalCostsasdefinedbelowarepreferential for the launchof theProductandwillbeapplicable foraperiodof12months fromthedateof the launchof the Product.PerformanceScenarioshavebeencalculatedtakingintoaccountthesepreferentialcosts. Incomesaresystematicallyreinvested. Investorsareabletoredeemonadailybasis(onLuxembourgbankbusinessdays)asdescribedintheprospectus.