Bond Crédit Agricole CIB S.A. 1.928% ( XS1334470751 ) in USD

Crédit Agricole CIB S.A.

100 % ▲

France

XS1334470751 ( in USD )

1.928% per year ( payment 1 time a year)

25/04/2028

Prospectus brochure of the bond Credit Agricole Corporate and Investment Bank S.A XS1334470751 en USD 1.928%, maturity 25/04/2028

26/04/2026 ( In 349 days )

Crédit Agricole Corporate and Investment Bank (CACIB) is a global corporate and investment bank offering a wide range of financial products and services to corporations, institutions, and governments worldwide.

The Bond issued by Crédit Agricole CIB S.A. ( France ) , in USD, with the ISIN code XS1334470751, pays a coupon of 1.928% per year.
The coupons are paid 1 time per year and the Bond maturity is 25/04/2028

Base Prospectus dated 10 May 2017

CRÉDIT AGRICOLE CORPORATE AND INVESTMENT BANK
(incorporated in France)
and
CRÉDIT AGRICOLE CIB FINANCE (GUERNSEY) LIMITED
(incorporated in Guernsey)
and
CRÉDIT AGRICOLE CIB FINANCIAL SOLUTIONS
(incorporated in France)
50,000,000,000
Structured Debt Instruments Issuance Programme
unconditionally and irrevocably guaranteed by
CRÉDIT AGRICOLE CORPORATE AND INVESTMENT BANK
Nature of this document
This document (the Base Prospectus) is a base prospectus for the purposes of Article 5.4 of Directive 2003/71/EC
(as amended) (the Prospectus Directive) and relates to a 50,000,000,000 Structured Debt Instruments Issuance
Programme (the Programme) under which securities of the type described below may be issued from time to time.
Application has been made to the Commission de Surveillance du Secteur Financier (the CSSF) as competent
authority under the Prospectus Directive and the Luxembourg Act dated 10 July 2005 on prospectuses for securities
(loi relative aux prospectus pour valeurs mobilières) (the Prospectus Act) for approval of this Base Prospectus
where it constitutes (i) a base prospectus in compliance with Part II of the Prospectus Act and (ii) a simplified
prospectus in compliance with Chapter 1 of Part III of the Prospectus Act in connection with offers of securities to
the public which are money markets instruments having a maturity of less than twelve months.
The CSSF assumes no responsibility for the economic and financial soundness of the securities transactions
contemplated by this Base Prospectus or the quality or solvency of the Issuers (as defined below) in accordance
with Article 7(7) of the Prospectus Act.
This Base Prospectus is valid for one year and may be supplemented from time to time to reflect any significant
new factor, material mistake or inaccuracy relating to the information included in it.
Defined terms
Capitalised terms used in this Base Prospectus are defined in the Definitions Condition or in the particular section
where the capitalised terms are first used herein. Definitions are designated by the capitalised term being in bold
text.
Issuers and the Guarantor
Securities (as defined below) issued under the Programme may be issued by any of Crédit Agricole Corporate and
Investment Bank (Crédit Agricole CIB), Crédit Agricole CIB Finance (Guernsey) Limited (Crédit Agricole CIB
FG), Crédit Agricole CIB Financial Solutions (Crédit Agricole CIB FS) (each, an Issuer and together, the
Issuers). The payment of all amounts due in respect of Securities issued by an Issuer other than Crédit Agricole
CIB will be unconditionally and irrevocably guaranteed by Crédit Agricole CIB (in such capacity, the Guarantor).
This Base Prospectus contains information describing (i) the business activities of, (ii) certain financial information
relating to and (iii) material risks faced by the Issuers and the Guarantor.

The Securities
This Base Prospectus relates to the issuance of various types of notes (Notes) or certificates (Certificates and,
together with Notes, referred to generally as Securities) including Securities that bear interest at a fixed rate,
floating rate or rate linked to an underlying asset class or bear no interest. Securities may be redeemed at a fixed
amount, including at par value, or at an amount linked to an underlying asset class, which may in some cases be
zero. Securities may be redeemed on the scheduled redemption date, in instalments over the term of the Securities
or on an early redemption date. The underlying asset classes (each an Underlying Asset Class) to which interest
and/or redemption amounts of Securities may be linked are:
·
commodities;
·
benchmark rates;
·
FX rates;
·
exchange traded funds;
·
shares;
·
indices;
·
proprietary indices;
·
inflation indices; or
·
a formula or formulae (which may, in turn, be determined by reference to other types of assets,
benchmarks or factors),
or a basket and/or combination of the above.
Specific provisions apply to Italian Securities and Italian Listed Securities (both as defined below), when specified
in this Base Prospectus.
Securities may be denominated in any currency.
The amount payable (if any) as interest and/or on redemption in respect of a Series of Securities may be dependent
upon whether certain events in respect of one or more reference entities or one or more reference obligations in
respect of any such reference entities, as the case may be, occur (a Credit Linked Security).
The amount payable (if any) as interest and/or on redemption in respect of a Series of Securities may be dependent
upon whether certain events in respect of one or more issuers of bonds, or one or more bonds issued by such
entities occur (a Bond Linked Security).
Securities may also be secured by the relevant Issuer, or one of its affiliates, in favour of holders of the Securities
by a segregated pool of collateral assets, which will be identified in the applicable Final Terms (Secured
Securities).
Subject to restrictions arising as a matter of law, there is no restriction on the category of potential investors to
which Securities may be offered under this Programme. Depending on the terms of a particular Series of Securities,
Securities may be offered to retail and/or institutional investors.
Listing and admission to trading
An application has been made to the Luxembourg Stock Exchange for Securities issued under the Programme to be
eligible for admission to trading on the Luxembourg Stock Exchange's regulated market and to be eligible for
listing on the Official List of the Luxembourg Stock Exchange. The Luxembourg Stock Exchange's regulated
market is a regulated market for the purposes of Directive 2004/39/EC (the Markets in Financial Instruments
Directive).
An application has also be made to the Luxembourg Stock Exchange as competent authority under article 47 of the
Prospectus Act for approval of a simplified prospectus prepared in connection with the admission to trading on the

Luxembourg Stock Exchange's regulated market of money market instruments which have a maturity of less than
twelve months.
The Issuers may make an application for certain notes or certificates issued under the Programme to be listed on
Borsa Italiana S.p.A. and to be admitted to trading on either the Electronic Securitised Derivatives Market of Borsa
Italiana S.p.A. (the SeDeX Market), in respect of certificates (Italian Listed Certificates), or the Electronic Bond
and Government Securities Market (the MOT Market), in respect of notes (Italian Listed Notes) (and, together
with Italian Listed Certificates, Italian Listed Securities). Both the SeDeX Market and the MOT Market are
regulated markets for the purposes of the Markets in Financial Instruments Directive. The Issuers may also not
make any application for certain Italian Securities to be listed or traded. In each case, the applicable Final Terms
will specify whether or not Italian Securities are to be listed and admitted to trading on the SeDeX Market or the
MOT Market. If specified in the Final Terms, the Issuers may also issue Italian Securities which are being offered
pursuant to an exemption from the Prospectus Directive or which will be issued outside the European Economic
Area.
References to "Italian Securities" shall be to either Italian Certificates or Italian Notes, as applicable in the context
of the relevant Series.
Reading this Base Prospectus
This Base Prospectus, including the documents listed in the section of this Base Prospectus entitled "Documents
incorporated by reference" (which are documents that are deemed to be incorporated by reference into this Base
Prospectus but which are separately available upon request), is intended to provide prospective investors with
information necessary to enable them to make an informed investment decision before purchasing any Securities.
Copies of documents incorporated by reference in this Base Prospectus can be obtained from the registered office
of Crédit Agricole CIB and the specified office of the Principal Paying Agent for the time being. This Base
Prospectus and the documents incorporated by reference will also be published on the Luxembourg Stock
Exchange website (www.bourse.lu).
This Base Prospectus includes the terms and conditions that may apply to the Securities, which will be completed
for each Series of Securities by a set of Final Terms (the Terms and Conditions). Further detail on Final Terms is
set out below. As not all of the terms and conditions contained in this Base Prospectus may be relevant to a
particular Series of Securities, this Base Prospectus contains a User's Guide at page 140 which is intended to help
investors to navigate the terms and conditions which apply to a particular Series of Securities.
In addition to the Terms and Conditions of the Securities, this Base Prospectus includes other information such as
information related to the Issuers, information about the material risks related to any investment in the Securities
and information on selling and transfer restrictions. Investors should read this information in full before making
any decision to invest in Securities.
What information is included in the Final Terms?
While the Base Prospectus includes general information about all Securities, the Final Terms is the document that
sets out the specific applicable commercial details of each particular Series of Securities.
In relation to a Series of Securities, the Final Terms will set out, for example and among other things:
·
the issue date;
·
the scheduled redemption date;
·
the interest payment date(s) (if any);
·
the basis on which interest (if any) and the amount payable on redemption will be determined and/or
calculated;
·
whether or not the Securities may be redeemed early at the option of the Issuer or the investor;
·
information relating to any relevant Underlying Asset Class; and
·
any other information needed to complete the terms and conditions of the Securities of this Base
Prospectus (identified by the words "as specified in the applicable Final Terms" or other equivalent
wording).

Wherever the Terms and Conditions contain optional provisions, the Final Terms will specify which of those
provisions apply to a specific Series of Securities.
Taxes
The Securities will not have the benefit of a gross up provision in respect of withholding tax unless "Gross Up" is
specifically provided as applicable in the applicable Final Terms. Where a gross up does not apply, investors will
take the risk of any applicable withholding tax.
Save in the circumstances described above, none of the Issuers, nor the Guarantor nor any other person will be
liable for, or otherwise obliged to pay, any tax, duty or other payment which may arise as a result of the ownership,
transfer, exercise, redemption or enforcement of any Securities by any person.
Arranger
Crédit Agricole CIB
Dealers
Crédit Agricole CIB
Crédit Agricole Securities Asia B.V., Tokyo Branch

OTHER IMPORTANT INFORMATION
This base prospectus comprises three base prospectuses for the purposes of Article 5.4 of Directive 2003/71/EC of
the European Parliament and of the Council of 4 November 2003 (the Prospectus Directive) as amended (which
includes the amendments made by Directive 2010/73/EU (the 2010 PD Amending Directive) to the extent that
such amendments have been implemented in a relevant Member State of the European Economic Area): (i) the
base prospectus for Crédit Agricole CIB in respect of non-equity securities within the meaning of article 22.6(4) of
Regulation (EC) No. 809/2004 of 29 April 2004 (Non-Equity Securities), (ii) the base prospectus for Crédit
Agricole CIB FG in respect of Non-Equity Securities and (iii) the base prospectus for Crédit Agricole CIB FS in
respect of Non-Equity Securities (together, the Base Prospectus).
Securities (i) involving an offer to the public outside the European Economic Area or of a type listed in article 3.2
of the Prospectus Directive and (ii) which are not admitted to trading on a regulated market under article 3.3 of the
Prospectus Directive are referred to herein as Private Placement Securities. This document does not constitute
and has not been approved by the CSSF as a prospectus for the purposes of Private Placement Securities issued
under the Programme.
The Issuers and the Guarantor accept responsibility for the information contained in this Base Prospectus. To the
best of the knowledge of the Issuers and the Guarantor (each having taken all reasonable care to ensure that such is
the case) the information contained in this Base Prospectus is in accordance with the facts and does not omit
anything likely to affect its import.
This Base Prospectus is to be read in conjunction with any supplement hereto and all documents which are deemed
to be incorporated herein by reference (see "Documents Incorporated by Reference" below). This Base Prospectus
shall be read and construed on the basis that such documents are incorporated and form part of this Base
Prospectus. This Base Prospectus may only be used for the purposes for which it has been published.
Securities may be issued on a continuing basis to one or more of the Dealers specified under "Subscription and
Sale" below and any additional dealer appointed under the Programme from time to time by the Issuers (each a
Dealer and together the Dealers), which appointment may be for a specific issue or on an ongoing basis.
References in this Base Prospectus to the "relevant Dealer" shall, in the case of an issue of Securities being (or
intended to be) subscribed or purchased by more than one Dealer, be to all Dealers agreeing to subscribe or
purchase such Securities.
No Dealer has independently verified the information contained herein. Accordingly, no representation, warranty or
undertaking, express or implied, is made and no responsibility or liability is accepted by any Dealer as to the
accuracy or completeness of the information contained or incorporated in this Base Prospectus or any other
information provided by the relevant Issuer in connection with the Programme. No Dealer accepts any liability in
relation to the information contained or incorporated by reference in this Base Prospectus or any other information
provided by the Issuers or the Guarantor in connection with the Programme.
No person is or has been authorised by the Issuers or the Guarantor to give any information or to make any
representation not contained in or not consistent with this Base Prospectus and, if given or made, such information
or representation must not be relied upon as having been authorised by the Issuers, the Guarantor or any Dealer.
Neither this Base Prospectus nor any other information supplied in connection with the Programme or any
Securities (i) is intended to provide the basis of any credit or other evaluation or (ii) should be considered as a
recommendation by the Issuers, the Guarantor or any Dealer that any recipient of this Base Prospectus or any other
information supplied in connection with the Programme or any Securities should purchase any Securities. Each
investor contemplating purchasing any Securities should make its own independent investigation of the financial
condition and affairs, and its own appraisal of the creditworthiness, of the Issuers and the Guarantor and of the
terms of such Securities.

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Neither this Base Prospectus nor any other information supplied in connection with the Programme or the issue of
any Securities constitutes an offer or invitation by or on behalf of the Issuers, the Guarantor or any Dealer to any
person to subscribe for or to purchase any Securities. Persons into whose possession offering material comes must
inform themselves about and observe any such restrictions. This Base Prospectus does not constitute, and may not
be used for or in connection with, an offer to any person to whom it is unlawful to make such an offer or a
solicitation by anyone not authorised so to act.
Neither the delivery of this Base Prospectus nor the offering, sale or delivery of any Securities shall in any
circumstances imply that the information contained herein concerning the Issuers and the Guarantor is correct at
any time subsequent to the date hereof or that any other information supplied in connection with the Programme is
correct as of any time subsequent to the date indicated in the document containing the same. The Dealers expressly
do not undertake to review the financial conditions or affairs of the Issuers and the Guarantor during the life of the
Programme or to advise any investor in the Securities of any information coming to their attention.
This Base Prospectus has not been submitted to the clearance procedures of the Autorité des marchés financiers.
This Base Prospectus does not constitute an offer to sell or the solicitation of an offer to buy any Securities in any
jurisdiction to any person to whom it is unlawful to make the offer or solicitation in such jurisdiction. The
distribution of this Base Prospectus and the offer or sale of Securities may be restricted by law in certain
jurisdictions. The Issuers, the Guarantor and the Dealers do not represent that this Base Prospectus may be lawfully
distributed, or that any Securities may be lawfully offered, in compliance with any applicable registration or other
requirements in any such jurisdiction, or pursuant to an exemption available thereunder, or assume any
responsibility for facilitating any such distribution or offering. In particular, unless specifically indicated to the
contrary in the applicable Final Terms, no action has been taken by the Issuers, the Guarantor or any Dealer, which
is intended to permit a public offering of any Securities or distribution of this document in any jurisdiction where
action for that purpose is required. Accordingly, no Securities may be offered or sold, directly or indirectly, and
neither this Base Prospectus nor any advertisement or other offering material may be distributed or published in
any jurisdiction, except under circumstances that will result in compliance with any applicable laws and
regulations. Persons into whose possession this Base Prospectus or any Securities may come must inform
themselves about, and observe, any such restrictions on the distribution of this Base Prospectus and the offering
and sale of Securities. In particular, there are restrictions on the distribution of this Base Prospectus and the offer or
sale of Securities in the United States and the European Economic Area (including Luxembourg, Belgium, France,
Germany, Italy, Portugal, Spain and the United Kingdom) (see "Subscription and Sale").
Any person (an Investor) purchasing the Securities under the Programme is solely responsible for ensuring that
any offer or resale of the Securities it purchased under the Programme occurs in compliance with applicable laws
and regulations.
This Base Prospectus has been prepared on the basis that, except to the extent sub-paragraph (ii) below may apply,
any offer of Securities in any Member State of the European Economic Area which has implemented the
Prospectus Directive (each, a Relevant Member State) will be made pursuant to an exemption under the
Prospectus Directive, as implemented in that Relevant Member State, from the requirement to publish a prospectus
for offers of Securities. Accordingly any person making or intending to make an offer in that Relevant Member
State of Securities which are the subject of an offering contemplated in this Base Prospectus as completed by final
terms in relation to the offer of those Securities may only do so (i) in circumstances in which no obligation arises
for the relevant Issuer or any Dealer to publish a prospectus pursuant to Article 3 of the Prospectus Directive or
supplement a prospectus pursuant to Article 16 of the Prospectus Directive, in each case, in relation to such offer,
or (ii) if a prospectus for such offer has been approved by the competent authority in that Relevant Member State
or, where appropriate, approved in another Relevant Member State and notified to the competent authority in that
Relevant Member State and (in either case) published, all in accordance with the Prospectus Directive, provided
that any such prospectus has subsequently been completed by final terms which specify that offers may be made

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other than pursuant to Article 3(2) of the Prospectus Directive in that Relevant Member State, such offer is made in
the period beginning and ending on the dates specified for such purpose in such prospectus or final terms, as
applicable and the relevant Issuer has consented in writing to its use for the purpose of such offer. Except to the
extent sub-paragraph (ii) above may apply, neither the relevant Issuer nor any Dealer have authorised, nor do they
authorise, the making of any offer of Securities in circumstances in which an obligation arises for the relevant
Issuer or any Dealer to publish or supplement a prospectus for such offer.
All references in this document to "euro" and "" refer to the lawful currency introduced at the third stage of
European economic and monetary union pursuant to the Treaty on the Functioning of the European Union, as
amended, references to "U.S. dollars", "U.S.$", "USD" and "$" refer to the currency of the United States of
America, references to "Sterling", "GBP" and "£" refer to the currency of the United Kingdom, references to
"Swedish Kronor" and "SEK" refer to the currency of Sweden, references to "Norwegian Kroner" and "NOK" refer
to the currency of Norway, references to "Japanese Yen", "JPY" and "¥" refer to the currency of Japan, references
to "Hong Kong dollars" and "HK$" refer to the lawful currency for the time being of Hong Kong and references to
"RMB", "CNY" or "Renminbi" refer to the lawful currency of the People's Republic of China, which for the purpose
of this document, excludes the Macau Special Administrative Region of the People's Republic of China (the PRC).

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U.S. INFORMATION
This Base Prospectus is being submitted on a confidential basis in the United States to a limited number of QIBs
and IAIs (each as defined under "Form of the Securities") for informational use solely in connection with the
consideration of the purchase of the Securities being offered hereby. Its use for any other purpose in the United
States is not authorised. It may not be copied or reproduced in whole or in part nor may it be distributed or any of
its contents disclosed to anyone other than the prospective investors to whom it is originally submitted. For the
avoidance of doubt, references herein to the Securities include the Guarantee, where applicable.
The Securities in bearer form are subject to U.S. tax law requirements. Subject to certain exceptions, Securities in
bearer form may not be offered, sold or delivered within the United States or its possessions or to, or for the
account or benefit of, U.S. persons, except in certain transactions permitted by U.S. tax regulations. Terms used in
this paragraph have the meanings given to them by the U.S. Internal Revenue Code of 1986, as amended and the
regulations promulgated thereunder.
THE SECURITIES OFFERED HEREBY HAVE NOT BEEN AND WILL NOT BE REGISTERED WITH, OR
APPROVED BY, THE U.S. SECURITIES AND EXCHANGE COMMISSION OR ANY SECURITIES
REGULATORY AUTHORITY OF ANY STATE OR OTHER JURISDICTION OF THE UNITED STATES.
FURTHERMORE, THE FOREGOING AUTHORITIES HAVE NOT PASSED UPON OR ENDORSED THE
MERITS OF THIS OFFERING OR THE ACCURACY OR ADEQUACY OF THIS BASE PROSPECTUS. ANY
REPRESENTATION TO THE CONTRARY IS A CRIMINAL OFFENCE IN THE UNITED STATES.
Registered Securities issued by Crédit Agricole CIB may be offered or sold within the United States only to QIBs
or to IAIs in transactions exempt from registration under the Securities Act. Registered Securities issued by Crédit
Agricole CIB FG and Crédit Agricole CIB FS may be offered or sold within the United States only to QIBs who
are, in each case, also QPs (as defined under "Form of the Securities") in transactions exempt from registration
under the Securities Act that will not cause the relevant issuer to become required to register as an "investment
company" under the Investment Company Act. Each U.S. purchaser of Registered Securities is hereby notified that
the offer and sale of any Registered Securities to it may be made in reliance upon the exemption from the
registration requirements of the Securities Act provided by Rule 144A under the Securities Act (Rule 144A).
Each purchaser or holder of Securities represented by a Rule 144A Global Securities, a Definitive Registered
Securities (as defined under "Form of the Securities") or any Securities issued in registered form in exchange or
substitution for a Rule 144A Global Securities (together Legended Securities) will be deemed, by its acceptance or
purchase of any such Legended Securities, to have made certain representations and agreements intended to restrict
the resale or other transfer of such Securities as set out in "Subscription and Sale". Unless otherwise stated, terms
used in this paragraph have the meanings given to them in "Form of the Securities".
IMPORTANT NOTICE
No offer of Securities will be made to the public in the Kingdom of Bahrain and this Base Prospectus must be read
by the addressee only and must not be issued, passed to, or made available to the public generally.
In relation to investors in the Kingdom of Bahrain, the Securities issued in connection with this Base Prospectus
and related offering documents may only be offered in registered form to existing account holders and accredited
investors as defined by the Central Bank of Bahrain (CBB) in the Kingdom of Bahrain where such investors make
a minimum investment of at least U.S.$ 100,000.
This offer does not constitute an offer of securities in the Kingdom of Bahrain in terms of Article (81) of the
Central Bank of Bahrain and Financial Institutions Law 2006 (Decree Law No. 64 of 2006). This Base Prospectus
and related offering documents have not been and will not be registered as a prospectus with the CBB.

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Accordingly, no Securities may be offered, sold or made the subject of an invitation for subscription or purchase
nor will this Base Prospectus or any other related document or material be used in connection with any offer, sale
or invitation to subscribe or purchase Securities, whether directly or indirectly, to persons in the Kingdom of
Bahrain.
The CBB has not reviewed or approved this Base Prospectus or related offering documents and it has not in any
way considered the merits of the Securities to be offered for investment, whether in or outside the Kingdom of
Bahrain. Therefore, the CBB assumes no responsibility for the accuracy and completeness of the statements and
information contained in this document and expressly disclaims any liability whatsoever for any loss howsoever
arising from reliance upon the whole or any part of the contents of this document.
AVAILABLE INFORMATION
To permit compliance with Rule 144A in connection with any resales or other transfers of Securities and any
Guarantee thereof that are "restricted securities" within the meaning of the Securities Act, each Issuer has
undertaken in a deed poll dated 10 May 2017 (the Deed Poll) to furnish, upon the request of a holder of such
Securities or any beneficial interest therein, to such holder or to a prospective purchaser designated by him, the
information required to be delivered under Rule 144A(d)(4) under the Securities Act if, at the time of the request,
the relevant Issuer is neither subject to and in compliance with Section 13 or 15(d) of the U.S. Securities Exchange
Act of 1934, as amended (the Exchange Act) nor exempt from reporting pursuant to Rule 12g3-2(b) thereunder.
A copy of the information so furnished will be available free of charge from the specified office of the Principal
Paying Agent and, for Securities admitted to trading on the Luxembourg Stock Exchange's regulated market, from
the specified office in Luxembourg of the Luxembourg Listing Agent (as defined below).
CIRCULAR 230 DISCLOSURE
THIS DESCRIPTION IS LIMITED TO THE U.S. FEDERAL TAX ISSUES DESCRIBED HEREIN OR IN ANY
SUPPLEMENT TO THIS BASE PROSPECTUS. IT IS POSSIBLE THAT ADDITIONAL ISSUES MAY EXIST
THAT COULD AFFECT THE U.S. FEDERAL TAX TREATMENT OF AN INVESTMENT IN THE
SECURITIES, OR THE MATTER THAT IS THE SUBJECT OF THE DESCRIPTION NOTED HEREIN OR IN
ANY SUPPLEMENT TO THIS BASE PROSPECTUS, AND THIS DESCRIPTION DOES NOT CONSIDER OR
PROVIDE ANY CONCLUSIONS WITH RESPECT TO ANY SUCH ADDITIONAL ISSUES. TAXPAYERS
SHOULD SEEK ADVICE BASED ON THE TAXPAYER'S PARTICULAR CIRCUMSTANCES FROM AN
INDEPENDENT TAX ADVISOR.

NOTWITHSTANDING ANYTHING IN THIS BASE PROSPECTUS OR IN ANY SUPPLEMENT TO THIS
BASE PROSPECTUS TO THE CONTRARY, EACH PROSPECTIVE INVESTOR (AND EACH EMPLOYEE,
REPRESENTATIVE OR OTHER AGENT OF EACH PROSPECTIVE INVESTOR) MAY DISCLOSE TO ANY
AND ALL PERSONS, WITHOUT LIMITATION OF ANY KIND, THE TAX TREATMENT AND TAX
STRUCTURE OF AN INVESTMENT IN THE SECURITIES AND ALL MATERIALS OF ANY KIND
(INCLUDING OPINIONS OR OTHER TAX ANALYSES) THAT ARE PROVIDED TO THE PROSPECTIVE
INVESTOR RELATING TO SUCH TAX TREATMENT AND TAX STRUCTURE, EXCEPT TO THE
EXTENT THAT SUCH DISCLOSURE IS SUBJECT TO RESTRICTIONS REASONABLY NECESSARY TO
COMPLY WITH SECURITIES LAWS. FOR THESE PURPOSES, THE TAX TREATMENT OF AN
INVESTMENT IN THE SECURITIES MEANS THE PURPORTED OR CLAIMED U.S. FEDERAL, STATE
AND LOCAL INCOME TAX TREATMENT OF AN INVESTMENT IN THE SECURITIES. MOREOVER,
THE TAX STRUCTURE OF AN INVESTMENT IN THE SECURITIES INCLUDES ANY FACT THAT MAY
BE RELEVANT TO UNDERSTANDING THE PURPORTED OR CLAIMED U.S. FEDERAL, STATE, AND
LOCAL INCOME TAX TREATMENT OF AN INVESTMENT IN THE SECURITIES.

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SERVICE OF PROCESS AND ENFORCEMENT OF CIVIL LIABILITIES
Crédit Agricole CIB and Crédit Agricole CIB FS are corporations organised under the laws of
France. Crédit Agricole CIB FG is a corporation organised under the laws of Guernsey. All of the
officers and directors named herein reside outside the United States and all or a substantial
portion of the assets of the Issuers and the Guarantor and of such officers and directors are
located outside the United States. As a result, it may not be possible for investors to effect service
of process outside France or Guernsey, as the case may be, upon the Issuers, the Guarantor or
such persons, or to enforce judgments against them obtained in courts outside France or
Guernsey, as the case may be, predicated upon civil liabilities of the Issuers, the Guarantor or such
directors and officers under laws other than the laws of France or Guernsey, as the case may be,
including any judgment predicated upon United States federal securities laws.
In an original action brought in France predicated solely upon the U.S. federal securities laws, French courts may
not have the requisite jurisdiction to adjudicate such action. Actions for enforcement of judgments of U.S. courts
rendered against the French persons referred to in the preceding paragraph would require such French persons to
waive their right under Article 15 of the French Code Civil to be sued in France only. Crédit Agricole CIB believes
that no such French persons have waived such right with respect to actions predicated solely upon U.S. federal
securities laws.
STABILISATION
In connection with the issue of any Tranche of Securities, the Dealer or Dealers (if any) named as the Stabilising
Manager(s) (or persons acting on behalf of any Stabilising Manager(s)) in the applicable Final Terms may over-
allot Securities or effect transactions with a view to supporting the market price of the Securities at a level higher
than that which might otherwise prevail. However, there is no assurance that the Stabilising Manager(s) (or persons
acting on behalf of a Stabilising Manager) will undertake stabilisation action. Any stabilisation action may begin on
or after the date on which adequate public disclosure of the terms of the offer of the relevant Tranche of Securities
is made and, if begun, may be ended at any time, but it must end no later than the earlier of 30 days after the issue
date of the relevant Tranche of Securities and 60 days after the date of the allotment of the relevant Tranche of
Securities. Any stabilisation action or over-allotment must be conducted by the relevant Stabilising Manager(s) (or
persons acting on behalf of any Stabilising Manager(s)) in accordance with all applicable laws and rules.

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