Bond BPCe 0.37% ( FR0013515186 ) in EUR

Issuer BPCe
Market price 100 %  ⇌ 
Country  France
ISIN code  FR0013515186 ( in EUR )
Interest rate 0.37% per year ( payment 4 times a year)
Maturity 26/05/2022 - Bond has expired



Prospectus brochure of the bond BPCE FR0013515186 in EUR 0.37%, expired


Minimal amount 100 000 EUR
Total amount 500 000 000 EUR
Detailed description BPCE is a French banking group formed by the merger of several regional banking networks, primarily operating through its two main subsidiaries, Banque Populaire and Caisse d'Epargne.

The Bond issued by BPCe ( France ) , in EUR, with the ISIN code FR0013515186, pays a coupon of 0.37% per year.
The coupons are paid 4 times per year and the Bond maturity is 26/05/2022







MIFID
II
PRODUCT
GOVERNANCE
/
PROFESSIONAL INVESTORS AND
ELIGIBLE
COUNTERPARTIES ONLY TARGET MARKET ­ Solely for the purposes of the manufacturer's product
approval process, the target market assessment in respect of the Notes, taking into account the five categories
referred to in item 18 of the Guidelines published by ESMA on 5 February 2018, has led to the conclusion that:
(i) the target market for the Notes is eligible counterparties and professional clients only, each as defined in
Directive 2014/65/EU, as amended ("MiFID II"); and (ii) all channels for distribution of the Notes to eligible
counterparties and professional clients are appropriate. Any person subsequently offering, selling or
recommending the Notes (a "distributor") should take into consideration the manufacturer's target market
assessment; however, a distributor subject to MiFID II is responsible for undertaking its own target market
assessment in respect of the Notes (by either adopting or refining the manufacturer's target market assessment)
and determining appropriate distribution channels.
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Final Terms dated 27 May 2020
BPCE
Legal Entity Identifier (LEI): 9695005MSX1OYEMGDF46
Euro 40,000,000,000
Euro Medium Term Note Programme
for the issue of Notes
SERIES NO: 2020-16
TRANCHE NO: 1
Euro 500,000,000 Floating Rate Senior Preferred Notes due May 2022 (the "Notes")
NATIXIS
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PART A ­ CONTRACTUAL TERMS
Terms used herein shall be deemed to be defined as such for the purposes of the Conditions (the "Conditions")
set forth in the base prospectus dated 21 November 2019 which received approval number n°19-539 from the
Autorité des marchés financiers (the "AMF") on 21 November 2019 (the "Base Prospectus"), the first
supplement to the Base Prospectus dated 18 February 2020 which received approval number n°20-044 from
the AMF, the second supplement to the Base Prospectus dated 3 April 2020 which received approval number
n°20-116 from the AMF and the third supplement to the Base Prospectus dated 24 April 2020 which received
approval number n°20-156 from the AMF (together, the "Supplements") which together constitute a base
prospectus for the purposes of the Regulation (EU) 2017/1129 (the "Prospectus Regulation").
This document constitutes the Final Terms of the Notes described herein for the purposes of the Prospectus
Regulation and must be read in conjunction with such Base Prospectus in order to obtain all the relevant
information. The Base Prospectus is available for viewing at the office of the Fiscal Agent or each of the Paying
Agents and on the website of the AMF (www.amf-france.org) and copies may be obtained from BPCE,
50 avenue Pierre Mendès-France, 75013 Paris, France.
1
Issuer:
BPCE
2
(i)
Series Number:
2020-16
(ii)
Tranche Number:
1
3
Specified Currency or Currencies:
Euro ("EUR")
4
Aggregate Nominal Amount:
(i)
Series:
EUR 500,000,000
(ii)
Tranche:
EUR 500,000,000
5
Issue Price:
100.00 per cent. of the Aggregate Nominal Amount
6
Specified Denomination:
EUR 100,000
7
(i)
Issue Date:
29 May 2020
(ii)
Interest Commencement Date:
Issue Date
8
Interest Basis:
3-month EURIBOR plus 0.65 per cent. Floating
Rate
(further particulars specified below)
9
Maturity Date:
Specified Interest Payment Date falling on or
nearest to 27 May 2022
10
Redemption Basis:
Subject to any purchase and cancellation or early
redemption, the Notes will be redeemed on the
Maturity Date at 100.00 per cent. of their nominal
amount
11
Change of Interest Basis:
Not Applicable
12
Put/Call Options:
Not Applicable
13
(i)
Status of the Notes:
Senior Preferred Notes
(ii)
Dates of the corporate authorisations for
issuance of Notes obtained:
Decision of the Directoire of the Issuer dated
24 March 2020 and decision of Mr. Jean-Philippe
1
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Berthaut,
Head
of
Group
Funding,
dated
20 May 2020
PROVISIONS RELATING TO INTEREST (IF ANY) PAYABLE
14
Fixed Rate Note Provisions:
Not Applicable
15
Floating Rate Note Provisions:
Applicable
(i)
Interest Period(s):
The period beginning on (and including) the Interest
Commencement Date and ending on (but excluding)
the First Interest Payment Date and each successive
period beginning on (and including) a Specified
Interest Payment Date and ending on (but excluding)
the next succeeding Specified Interest Payment Date
(ii)
Specified Interest Payment Dates:
31 August 2020, 30 November 2020, 26 February
2021, 31 May 2021, 30 August 2021, 29 November
2021, 28 February 2022 and 27 May 2022, subject
to adjustment in accordance with the Business Day
Convention set out in (iv) below
(iii) First Interest Payment Date:
31 August 2020
(iv) Business Day Convention:
Modified Following Business Day Convention
(v)
Interest Period Date:
Not Applicable
(vi) Business Centre(s):
TARGET
(vii) Manner in which the Rate(s) of Interest
Screen Rate Determination
is/are to be determined:
(viii) Party responsible for calculating the
Not Applicable
Rate(s)
of
Interest
and/or
Interest
Amount(s) (if not the Calculation Agent):
(ix) Screen Rate Determination:
Applicable
-
Reference Rate:
3 month EURIBOR
-
Interest Determination Date:
Two (2) TARGET Business Days prior to the first
day in each Interest Period
-
Relevant Screen Page:
Reuters Screen page EURIBOR01
-
Relevant Screen Page Time
11:00 a.m. Brussels Time
(x)
FBF Determination:
Not Applicable
(xi) ISDA Determination:
Not Applicable
(xii) Margin(s):
plus 0.65 per cent.
(xiii) Minimum Rate of Interest:
0.00 per cent.
(xiv) Maximum Rate of Interest:
Not Applicable
(xv) Day Count Fraction:
Actual/360 (adjusted)
16
Zero Coupon Note Provisions:
Not Applicable
17
Inflation Linked Interest Note Provisions:
Not Applicable
2
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PROVISIONS RELATING TO REDEMPTION
18
Call Option:
Not Applicable
19
Put Option:
Not Applicable
20
MREL/TLAC
Disqualification
Event
Call
Option:
Applicable
21
Final Redemption Amount of each Note:
EUR 100,000 per Note of EUR 100,000 Specified
Denomination
22
Inflation Linked Notes ­ Provisions relating to
the Final Redemption Amount:
Not Applicable
23
Early Redemption Amount:
(i)
Early Redemption Amount(s) of each
Senior Note payable on redemption upon
the
occurrence
of
an
MREL/TLAC
Disqualification Event (Condition 6(g)), if
applicable, a Withholding Tax Event
(Condition 6(i)(i)),
a Gross-Up Event
(Condition
6(i)(ii))
or
for
Illegality
(Condition 6(1)):
EUR 100,000 per Note of EUR 100,000 Specified
Denomination
(ii)
Early Redemption Amount(s) of each
Subordinated Note payable on redemption
upon the occurrence of a Capital Event
(Condition 6(h)), a Withholding Tax Event
(Condition 6(i)(i)), a Gross-Up Event
(Condition 6(i)(ii)) or a Tax Deductibility
Event (Condition 6(i)(iii)):
Not Applicable
(iii) Redemption
for
taxation
reasons
permitted on days others than Interest
Payment Dates (Condition 6(i)):
No
(iv) Unmatured Coupons to become void upon
early redemption (Materialised Bearer
Notes only) (Condition 7(f)):
Not Applicable
GENERAL PROVISIONS APPLICABLE TO THE NOTES
24
Form of Notes:
Dematerialised Notes
(i)
Form of Dematerialised Notes:
Bearer form (au porteur)
(ii)
Registration Agent:
Not Applicable
(iii) Temporary Global Certificate:
Not Applicable
(iv) Applicable TEFRA exemption:
Not Applicable
25
Financial Centre(s):
TARGET
26
Talons for future Coupons or Receipts to be
attached to Definitive Notes (and dates on
which such Talons mature):
Not Applicable
3
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27
Details relating to Instalment Notes: amount of
each instalment, date on which each payment is
to be made:
Not Applicable
28
Redenomination provisions:
Not Applicable
29
Purchase in accordance with applicable French
laws and regulations:
Applicable
30
Consolidation provisions:
Not Applicable
31
Meeting and Voting Provisions (Condition 11):
Contractual Masse shall apply
Name and address of the initial Representative:
As per Condition 11(c)
Name and address of the alternate Representative:
As per Condition 11(c)
The Representative will receive a remuneration of
EUR 2,000 (excluding VAT) per year so long as any
of the Notes remains outstanding.
RESPONSIBILITY
The Issuer accepts responsibility for the information contained in these Final Terms.
Signed on behalf of BPCE
Duly represented by:
Jean-Philippe Berthaut, Head of Group Funding
4
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PART B ­ OTHER INFORMATION
1
LISTING AND ADMISSION TO TRADING
(i)
Listing and Admission to trading:
Application has been made by the Issuer (or on its
behalf) for the Notes to be listed and admitted to trading
on Euronext Paris with effect from the Issue Date.
(ii)
Estimate of total expenses related to
admission to trading:
EUR 2,500
2
RATINGS
Ratings:
The Notes to be issued are expected to be rated:
S&P: A+
S&P is established in the European Union and/or the
United Kingdom and registered under Regulation (EC)
No. 1060/2009, as amended.
3
INTERESTS OF NATURAL AND LEGAL PERSONS INVOLVED IN THE ISSUE
Save as discussed in "Subscription and Sale", so far as the Issuer is aware, no person involved in the offer of
the Notes has an interest material to the offer.
4
FLOATING RATE NOTES ONLY ­ PERFORMANCE OF RATES
Details of performance of EURIBOR rates can be obtained free of charge from Reuters EURIBOR01 screen
page.
5
NOTES LINKED TO A BENCMARK ONLY ­ BENCHMARK
Benchmark:
Amounts payable under the Notes will be calculated by
reference to EURIBOR 3 months which is provided by
the European Money Markets Institute. As at the date of
these Final Terms, the European Money Markets
Institute appears on the register of adminsitrators and
benchmarks
established
and
maintained
by
the
European Securities and Markets Authority pursuant to
Article 36 of of Regulation (EU) 2016/1011 of the
European Parliament and of the Council of 8 June 2016
(the "Benchmark Regulation").
6
OPERATIONAL INFORMATION
ISIN:
FR0013515186
Common Code:
218088481
Depositaries:
(i)
Euroclear France to act as
Central Depositary:
Yes
5
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(ii)
Common
Depositary
for
Euroclear and Clearstream:
No
Any clearing system(s) other than
Euroclear and Clearstream and the
relevant identification number(s):
Not Applicable
Delivery:
Delivery against payment
Names and addresses of additional
Paying Agent(s) (if any):
Not Applicable
7
DISTRIBUTION
(i)
Method of distribution:
Non-syndicated
(ii)
If syndicated:
Not Applicable
(iii) If non-syndicated, name and
address of Dealer:
NATIXIS
47 quai d'Austerlitz
75013 Paris
France
(iv) Prohibition of Sales to EEA
and UK Retail Investors:
Not Applicable
(v)
US
Selling
Restrictions
(Categories
of
potential
investors to which the Notes
are offered):
Reg. S Compliance Category 2 applies to the Notes; TEFRA not
applicable
6
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