Bond BPCe 0.15% ( FR0013517455 ) in EUR

Issuer BPCe
Market price 100 %  ⇌ 
Country  France
ISIN code  FR0013517455 ( in EUR )
Interest rate 0.15% per year ( payment 1 time a year)
Maturity 15/06/2023 - Bond has expired



Prospectus brochure of the bond BPCE FR0013517455 in EUR 0.15%, expired


Minimal amount 100 000 EUR
Total amount 45 000 000 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 FR0013517455, pays a coupon of 0.15% per year.
The coupons are paid 1 time per year and the Bond maturity is 15/06/2023







MIFID
II
PRODUCT
GOVERNANCE
/
PROFESSIONAL INVESTORS AND
ELIGIBLE
COUNTERPARTIES ONLY TARGET MARKET ­ Solely for the purposes of each 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 manufacturers' 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 manufacturers' target market assessment)
and determining appropriate distribution channels.
C2 - Inter nal Natixis


Final Terms dated 11 June 2020
BPCE
Legal Entity Identifier (LEI): 9695005MSX1OYEMGDF46
Euro 40,000,000,000
Euro Medium Term Note Programme
for the issue of Notes
SERIES NO: 2020-24
TRANCHE NO: 1
Euro 45,000,000 0.15 per cent. Senior Preferred Notes due 15 June 2023
(the "Notes")
Issue Price: 100.00 per cent.
Dealer
Natixis
C2 - Inter nal Natixis


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, the third supplement to the Base Prospectus dated 24 April 2020 which received
approval number n°20-156 from the AMF and the fourth supplement to the Base Prospectus dated 3 June 2020
which received approval number n°20-236 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:
2020-24
(ii)
Tranche Number:
1
3
Specified Currency or Currencies:
Euro ("EUR")
4
Aggregate Nominal Amount:
(i)
Series:
EUR 45,000,000
(ii)
Tranche:
EUR 45,000,000
5
Issue Price:
100.00 per cent. of the Aggregate Nominal Amount
6
Specified Denomination:
EUR 100,000
7
(i)
Issue Date:
15 June 2020
(ii)
Interest Commencement Date:
Issue Date
8
Interest Basis:
0.15 per cent. Fixed Rate
(further particulars specified below)
9
Maturity Date:
15 June 2023
10
Redemption Basis:
Subject to any purchase and cancellation or early
redemption, the Notes will be redeemed on the
Maturity Date at 100 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
C2 - Inter nal Natixis


Berthaut, Responsable Emissions Groupe of the
Issuer dated 4 June 2020
PROVISIONS RELATING TO INTEREST (IF ANY) PAYABLE
14
Fixed Rate Note Provisions:
Applicable
(i)
Rate of Interest:
0.15 per cent. per annum payable annually in arrear
on each Interest Payment Date
(ii)
Interest Payment Date(s):
15 June in each year commencing on 15 June 2021
up to and including the Maturity Date
(iii) Fixed Coupon Amount:
EUR 150 per Note of EUR 100,000 Specified
Denomination
(iv) Broken Amount:
Not Applicable
(v)
Day Count Fraction:
30/360, Unadjusted
(vi) Resettable:
Not Applicable
(vii) Determination Dates:
15 June in each year
(viii) Payments on Non-Business Days:
As per Conditions
15
Floating Rate Note Provisions:
Not Applicable
16
Zero Coupon Note Provisions:
Not Applicable
17
Inflation Linked Interest Note Provisions:
Not Applicable
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
2
C2 - Inter nal Natixis


(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)):
Yes
(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):
Not Applicable
26
Talons for future Coupons or Receipts to be
attached to Definitive Notes (and dates on
which such Talons mature):
Not Applicable
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.
3
C2 - Inter nal Natixis


RESPONSIBILITY
The Issuer accepts responsibility for the information contained in these Final Terms.
Signed on behalf of BPCE
Duly represented by:
Jean-Philippe BERTHAUT, Responsable Emissions Groupe
4
C2 - Inter nal Natixis


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 2,800
2
RATINGS
Ratings:
The Notes to be issued have been rated:
S&P: A+
S&P is established in the European Union 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
YIELD
Indication of yield:
0.15 per cent. per annum
The yield is calculated at the Issue Date on the basis of the Issue
Price. It is not an indication of future yield.
5
OPERATIONAL INFORMATION
ISIN:
FR0013517455
Common Code:
218871542
Depositaries:
(i)
Euroclear France to act as
Central Depositary:
Yes
(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
5
C2 - Inter nal Natixis


6
DISTRIBUTION
(i)
Method of distribution:
Non-Syndicated
(ii)
If syndicated:
(a) Names of Managers:
Not Applicable
(b) Stabilising Manager(s) if
any:
Not Applicable
(iii) If non-syndicated, name and
address of Dealer:
Natixis
30, avenue Pierre Mendès-France
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
C2 - Inter nal Natixis