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BNP Paribas has decided to launch a new ADR programme Level 1 which is open to individual retail investors

In order to have a larger access to American investors and enhance its profile on the US market, BNP Paribas has decided to launch a new ADR programme Level 1 which is open to individual retail investors.

This programme will replace the previous 144 A programme which was restricted to institutional investors.

The exchange ratio is 4 ADR for 1 BNP share. The ADR will be exchanged on the OTC market.

Bank of New York (BONY) is the depositing bank of this programme (for which the trading symbol is BNDQY and the CUSIP number is 066 74 72 05.

This new Level 1 programme will be declared fully effective within the next two weeks.