Obbligazione Banque Fédérale du Crédit Mutuel 0% ( XS1346986752 ) in EUR

Emittente Banque Fédérale du Crédit Mutuel
Prezzo di mercato 100 EUR  ⇌ 
Paese  Francia
Codice isin  XS1346986752 ( in EUR )
Tasso d'interesse 0%
Scadenza 19/01/2018 - Obbligazione è scaduto



Prospetto opuscolo dell'obbligazione Banque Federative du Credit Mutuel XS1346986752 in EUR 0%, scaduta


Importo minimo 100 000 EUR
Importo totale 1 189 000 000 EUR
Descrizione dettagliata La Banque Fédérative du Crédit Mutuel è l'istituzione centrale del gruppo Crédit Mutuel, responsabile della gestione delle attività comuni e della supervisione delle banche locali.

The Obbligazione issued by Banque Fédérale du Crédit Mutuel ( France ) , in EUR, with the ISIN code XS1346986752, pays a coupon of 0% per year.
The coupons are paid 1 time per year and the Obbligazione maturity is 19/01/2018







FINAL TERMS dated 27 January 2016

BANQUE FÉDÉRATIVE DU CRÉDIT MUTUEL
Euro 45,000,000,000 Euro Medium Term Note Programme
Series No: 425
Tranche No: 3

Issue of EUR 100,000,000 Floating Rate Notes due January 2018 (the "Notes")
to be consolidated and form a single series as described below with the
EUR 500,000,000 Floating Rate Notes due January 2018 issued as Tranche 1 of Series 425 on 19
January 2016 and the
EUR 75,000,000 Floating Rate Notes due January 2018 issued as Tranche 2 of Series 425 on 27
January 2016 (the "Existing Notes")

under the Programme
Issued by
Banque Fédérative du Crédit Mutuel
HSBC Bank plc
PART A ­ CONTRACTUAL TERMS
Terms used herein shall be deemed to be defined as such for the purposes of the Conditions set forth
in the Base Prospectus dated 5 June 2015 which received visa no. 15-258 from the Autorité des
marchés financiers (the "AMF") on 5 June 2015 and the supplement to the Base Prospectus dated 11
August 2015 which received visa no. 15-446 from the AMF on 11 August 2015 which together
constitute a base prospectus for the purposes of Directive 2003/71/EC of 4 November 2003 on the
prospectus to be published when securities are offered to the public or admitted to trading, as
amended (the "Prospectus Directive"). This document constitutes the Final Terms of the Notes
described herein for the purposes of Article 5.4 of the Prospectus Directive and must be read in
conjunction with such Base Prospectus as so supplemented. Full information on the Issuer and the
offer of the Notes is only available on the basis of the combination of these Final Terms and the Base
Prospectus as so supplemented. The Base Prospectus , the supplement to the Base Prospectus and the
Final Terms are available for viewing at Banque Fédérative du Crédit Mutuel, 34, rue du Wacken
67000 Strasbourg and www.bfcm.creditmutuel.fr and copies may be obtained from Banque Fédérative
du Crédit Mutuel, 34, rue du Wacken 67000 Strasbourg and from BNP Paribas Security Services,
Luxembourg Branch (in its capacity as Principal Paying Agent), 60, avenue J.F. Kennedy, L-2085
Luxembourg, Grand Duchy of Luxembourg and will be available on the AMF website www.amf-
france.org and on the website of the Luxembourg Stock Exchange www.bourse.lu. www.bourse.lu.

1
Issuer:
Banque Fédérative du Crédit Mutuel
2
(i)
Series Number:
425

(ii)
Tranche Number:
3

(iii) Date on which the Notes become
The Notes will be consolidated, form a single
fungible:
series and be interchangeable for trading purposes
with the Existing Notes immediately on the Issue
Date and all such Notes will be consolidated on




1


or about the exchange date of the Temporary
Global Notes for interest in the Permanent Global
Notes, as referred to in paragraph 27 (ii) below
which is expected to occur on or about 11 March
2016 (the "Exchange Date").
3
Specified Currency:
Euros ("EUR")
4
Aggregate Nominal Amount:


(i)
Series:
EUR 675,000,000

(ii)
Tranche:
EUR 100,000,000
5
Issue Price:
100.003 per cent. of the Aggregate Nominal
Amount of this Tranche plus an amount equal to
EUR 3,555.56 corresponding to accrued interest
on such Aggregate Nominal Amount from, and
including, the Interest Commencement Date to,
but excluding, the Issue Date.
6
(i)
Specified Denominations:
EUR 100,000

(ii)
Calculation Amount:
EUR 100,000
7
(i)
Issue Date:
29 January 2016

(ii)
Interest Commencement Date:
19 January 2016
8
Maturity Date:
19 January 2018
9
Interest Basis:
3 month EURIBOR + 0.27% Floating Rate
(further particulars specified below)
10 Redemption Basis:
Subject to any purchase and cancellation or early
redemption the Notes will be redeemed at 100 per
cent. of their nominal amount on the Maturity
Date.
11 Change of Interest Basis:
Not Applicable
12 Put/Call Options:
Not Applicable
13 (i)
Status of the Notes:
Unsubordinated Notes

(ii)
Date Board approval for issuance of Decision of Mr Christian Klein dated 20 January
Notes obtained:
2016, acting pursuant to the resolution of the
Board of Directors passed on 26 February 2015.
PROVISIONS RELATING TO INTEREST (IF ANY) PAYABLE
14 Fixed Rate Note Provisions:
Not Applicable
15 Resettable Fixed Rate Note Provisions:
Not Applicable
16 Floating Rate Note Provisions:
Applicable

(i)
Interest Period(s):
As per the Conditions

(ii)
Specified Interest Payment Dates:
19 January, 19 April, 19 July and 19 October in
each year, subject to adjustment in accordance
with the Business Day Convention set out in (v)
below.

(iii) First Interest Payment Date:
The Specified Interest Payment Date falling on or
nearest to 19 April 2016.


2





(iv)
Interest Period Date:
Not Applicable

(v)
Business Day Convention:
Modified Following Business Day Convention

(vi)
Business Centre(s):
Not Applicable

(vii) Manner in which the Rate(s) of
Screen Rate Determination
Interest and Interest Amount 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(s):
Two (2) TARGET Business Days prior to the first
day in each Interest Accrual Period.

­ Relevant Screen Page:
Reuters "EURIBOR01" page

(x)
ISDA Determination:
Not Applicable

(xi)
FBF Determination:
Not Applicable

(xii) Margin(s):
+ 0.27% per annum

(xiii) Minimum Rate of Interest:
Not Applicable

(xiv) Maximum Rate of Interest:
Not Applicable

(xv) Day Count Fraction:
Actual/360
17 Zero Coupon Note Provisions:
Not Applicable
18 TEC 10 Linked Note Provisions:
Not Applicable
19 Inflation Linked Interest Note Provisions: Not Applicable

20 Inflation Linked Range Accrual Note
Not Applicable
Provisions:

21 CMS Linked Note Provisions:
Not Applicable
22 Range Accrual Note Provisions:
Not Applicable
PROVISIONS RELATING TO REDEMPTION
23 Issuer Call Option:
Not Applicable
24 Noteholder Put Option:
Not Applicable
25 Final Redemption Amount:
EUR 100,000 per Calculation Amount
26 Early Redemption Amount:
Applicable


(i)
Early Redemption Amount(s) of each
EUR 100,000 per Calculation Amount
Note payable on redemption for
taxation reasons or on Event of
Default:

(ii)
Redemption for taxation reasons
No
permitted on days other than Specified
Interest Payment Dates:


3





(iii) Unmatured Coupons to become void
Yes
upon early redemption:
GENERAL PROVISIONS APPLICABLE TO THE NOTES
27 Form of Notes:
Bearer Notes

(i)
New Global Note:
Yes

(ii)
Temporary or Permanent Global Note:
Temporary Global Note exchangeable for a
Permanent Global Note which is
exchangeable for Definitive Notes in the
limited circumstances specified in the
Permanent Global Note.

(iii) Applicable TEFRA exemptions:
D Rules
28 Financial Centre(s):
Not Applicable
29 Talons for future Coupons or Receipts to
No
be attached to Definitive Notes (and dates
on which such Talons mature):
30 Details relating to Instalment Notes:
Not Applicable
31 Redenomination provisions:
Not Applicable
32 Consolidation provisions:
Not Applicable
33 Purchase in accordance with Article L.213- Applicable
1 A and D.213-1 A of the French Code
monétaire et financier:
34 Any applicable currency disruption:
Not Applicable
RESPONSIBILITY
The Issuer accepts responsibility for the information contained in these Final Terms.
Signed on behalf of the Issuer:



By:
............................................

Duly authorised



4




PART B ­ OTHER INFORMATION
1
LISTING AND ADMISSION TO TRADING APPLICATION
(i) Listing and admission to trading:
Application has been made by the Issuer (or on
its behalf) for the Notes to be listed on the
official list of, and admitted to trading on the
Regulated Market of the Luxembourg Stock
Exchange with effect from the Issue Date.
The Existing Notes are already listed and
admitted to trading on the Luxembourg Stock
Exchange.
(ii) Estimate of total expenses related to
EUR 5,650 (including the AMF's fees)
admission to trading:
2
RATINGS
Ratings:
The Notes to be issued are expected to be
rated:
S&P: A
Moody's: Aa3
Fitch Ratings: A+

S&P, Moody's and Fitch Ratings are
established in the European Union and
registered under Regulation (EC) No
1060/2009 as amended by Regulation (EC)
N°513/2011 (the "CRA Regulation").
As such, S&P, Moody's and Fitch Ratings are
included in the list of credit rating agencies
published by the European Securities and
Markets Authority on its website in accordance
with the CRA Regulation.
3
INTERESTS OF NATURAL AND LEGAL PERSONS INVOLVED IN THE ISSUE
Save as discussed in "Subscription and Sale" in the Base Prospectus, so far as the Issuer is
aware, no person involved in the offer of the Notes has an interest material to the issue.
4
REASONS FOR THE ISSUE, ESTIMATED NET PROCEEDS AND TOTAL EXPENSES
(i) Reasons for the offer:
See "Use of Proceeds" wording in the Base
Prospectus.
(ii) Estimated net proceeds:
EUR 100,006,555.56 (including the amount
corresponding to accrued interest)

(iii) Estimated total expenses:
Not Applicable
5
HISTORIC INTEREST RATES
Details of historic EURIBOR rates can be obtained from Reuters.


5




6
OPERATIONAL INFORMATION
ISIN Code:
XS1346986752
Common Code:
134698675
Any clearing system(s) other than Euroclear
Bank S.A./N.V. and Clearstream Banking,
société anonyme and the relevant identification
number(s):
Not Applicable
Delivery:
Delivery against payment
Names and addresses of additional Paying
Agent(s) (if any):
Not Applicable
Intended to be held in a manner which would
Yes
allow Eurosystem eligibility:
Note that the designation "yes" simply means
that the Notes are intended upon issue to be
deposited with one of the International Central
Securities Depositories (i.e. Euroclear Bank
S.A./N.V. and Clearstream Banking, société
anonyme) as common safekeeper and does not
necessarily mean that the Notes will be
recognised as eligible collateral for Eurosystem
monetary policy and intra-day credit operations
by the Eurosystem either upon issue or at any
or all times during their life. Such recognition
will depend upon satisfaction of the
Eurosystem eligibility criteria.

7
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 of Dealer:
HSBC Bank plc
(iv) US Selling Restrictions (Categories of
Reg. S Compliance Category 2 applies to the
potential investors to which the Notes
Notes;
are offered):
TEFRA D




6




Document Outline