Nope, you have to apply the pastes your self. My method is to apply about a rice grain sized bit of paste on the cooler surface, spread it carefully with your finger in a zip bag or other plastic bag. Then use a piece if cloth to wipe it off, it will fill in the microscopic pits. This is called tinning. the apply a rice grain drop on the CPU and put the cooler on it and mount with the screws.
Tighten the screws a little at a time diagonally. There are also many videos on youtube about this too.
The Stuff that comes with the cooler is pretty thin and will spread easily. I use Arctic Silver 5 and some people here like IC Diamond, have to go to Amazon for the IC brand.