Obligation La Poste Banque 2.8275% ( CH1277240946 ) en CHF

La Poste Banque

100 % ▼

France

CH1277240946 ( en CHF )

2.8275% par an ( paiement annuel )

12/07/2030

Prospectus brochure de l'obligation La Banque Postale CH1277240946 en CHF 2.8275%, échéance 12/07/2030

100 000 CHF

150 000 000 CHF

12/07/2025 ( Dans 56 jours )

La Banque Postale est une banque de détail française, filiale du Groupe La Poste, proposant des services bancaires et d'assurance aux particuliers et aux professionnels.

L'Obligation émise par La Poste Banque ( France ) , en CHF, avec le code ISIN CH1277240946, paye un coupon de 2.8275% par an.
Le paiement des coupons est annuel et la maturité de l'Obligation est le 12/07/2030

PROHIBITION OF SALES TO EEA RETAIL INVESTORS - The Notes are not intended to be offered,
sold or otherwise made available to and should not be offered, sold or otherwise made available to any retail
investor in the European Economic Area ("EEA"). For these purposes, a retail investor means a person who is
one (or more) of: (i) a retail client as defined in point (11) of Article 4(1) of Directive 2014/65/EU (as amended,
"MiFID II"); or (ii) a customer within the meaning of Directive 2016/97/EU, as amended, where that customer
would not qualify as a professional client as defined in point (10) of Article 4(1) of MiFID II; or (iii) not a
qualified investor as defined in Regulation (EU) 2017/1129, as amended (the "Prospectus Regulation").
Consequently, no key information document required by Regulation (EU) No 1286/2014 (as amended, the
"PRIIPs Regulation") for offering or selling the Notes or otherwise making them available to retail investors
in the EEA has been prepared and therefore offering or selling the Notes or otherwise making them available
to any retail investor in the EEA may be unlawful under the PRIIPs Regulation.
PROHIBITION OF SALES TO UK RETAIL INVESTORS - The Notes are not intended to be offered, sold
or otherwise made available to and should not be offered, sold or otherwise made available to any retail investor
in the United Kingdom ("UK"). For these purposes, a retail investor means a person who is one (or more) of:
(i) a retail client, as defined in point (8) of Article 2 of Regulation (EU) No 2017/565 as it forms part of domestic
law by virtue of the European Union (Withdrawal) Act 2018 ("EUWA"); or (ii) a customer within the meaning
of the provisions of the Financial Services and Markets Act 2000, as amended (the "FSMA") and any rules or
regulations made under the FSMA to implement Directive (EU) 2016/97, where that customer would not qualify
as a professional client, as defined in point (8) of Article 2(1) of Regulation (EU) No 600/2014 as it forms part
of domestic law by virtue of the EUWA; or (iii) not a qualified investor as defined in Article 2 of Regulation
(EU) 2017/1129 as it forms part of domestic law by virtue of the EUWA. Consequently, no key information
document required by Regulation (EU) No 1286/2014 as it forms part of domestic law by virtue of the EUWA
(the "UK PRIIPs Regulation") for offering or selling the Notes or otherwise making them available to retail
investors in the UK has been prepared and therefore offering or selling the Notes or otherwise making them
available to any retail investor in the UK may be unlawful under the UK PRIIPs Regulation.
MiFID II product governance / Retail investors (Switzerland only), professional investors and ECPs
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,
professional clients and retail clients (for retail clients, in Switzerland only for the avoidance of doubt, no
retail clients in the European Economic Area shall be targeted), each as defined in MiFID II; and (ii) all channels
for distribution of the Notes to eligible counterparties and professional clients are appropriate and (iii) the
following channels for distribution of the Notes to retail clients in Switzerland are appropriate - investment
advice, portfolio management, non-advised sales and pure execution services, subject to the distributor's
suitability and appropriateness obligations under MiFID II, as applicable. 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, subject to the distributor's suitability and
appropriateness obligations under MiFID II, as applicable.

Final Terms dated 10 July 2023

La Banque Postale
Legal entity identifier (LEI): 96950066U5XAAIRCPA78
Issue of CHF 180,000,000 2.7725 per cent. Fixed Rate Senior Preferred Notes due 12 July 2027
under the
20,000,000,000 Euro Medium Term Note Programme
of La Banque Postale

SERIES NO: 160
TRANCHE NO: 1

Joint Lead Managers
Commerzbank
UBS AG

PART 1 CONTRACTUAL TERMS
Terms used herein shall be deemed to be defined as such for the purposes of the Conditions and the Technical
Annex set forth in the Base Prospectus dated 24 April 2023 which received approval number no. 23-128 from
the Autorité des marchés financiers (the "AMF") on 24 April 2023.
This document constitutes the Final Terms of the Notes described herein and must be read in conjunction with
such Base Prospectus. Full information on the Issuer and the offer of the Notes is only available on the basis of
the combination of these Final Terms, the Base Prospectus and the Swiss prospectus (including all documents
set out or incorporated by reference therein) dated 10 July 2023 prepared for the admission to trading of the
Notes on the SIX Swiss Exchange Ltd (the "Swiss Prospectus") in order to obtain all the relevant information.
These Final Terms and the Base Prospectus are contained and/or incorporated by reference in the Swiss
Prospectus which contains information on the Issuer and which is available in printed form at the offices of La
Banque Postale, 115, rue de Sèvres, 75275 Paris Cedex 06, France and at the offices of UBS AG, Investment
Bank, Swiss Prospectus Switzerland, P.O. Box, CH-8098 Zurich, Switzerland or can be ordered by telephone
+41 44 239 47 03 (voicemail), fax +41 44 239 69 14 or by e-mail [email protected].
1
Issuer:
La Banque Postale
2
(i) Series Number:
160
(ii) Tranche Number:
1
3
Specified Currency or Currencies:
Swiss Franc ("CHF")
4
Aggregate Principal Amount of Notes
admitted to trading:

(i) Series: CHF
180,000,000
(ii) Tranche: CHF
180,000,000
5
Issue Price:
100 per cent. of the Aggregate Principal Amount
6
Specified Denomination(s):
CHF 100,000
7
(i) Issue Date:
12 July 2023
(ii) Interest Commencement Date:
Issue Date
8
Maturity Date:
12 July 2027
9
Interest Basis/Rate of Interest:
2.7725 per cent. Fixed Rate
(further particulars specified below)
10 Redemption/Payment Basis:
Redemption at par
11 Change of Interest or Redemption/Payment Not Applicable
Basis:

12 Put/Call Options:
Not Applicable
13 (i) Status of the Notes:
Senior Preferred
Prior permission of the Relevant Regulator:
Applicable
(ii) Date of corporate authorisations for the Decision of Cyril Cudennec in his capacity as
issuance of Notes obtained:
Directeur de la Salle des Marchés of the Issuer dated
21 June 2023 deciding the issue of the Notes.
PROVISIONS RELATING TO INTEREST (IF ANY) PAYABLE
3

14 Fixed Rate Note and Resettable Note
Provisions
Applicable
(a) Fixed Rate Note Provisions:
Applicable
(i) Rate of Interest:
2.7725 per cent. per annum payable annually in
arrear
(ii) Interest Payment Date(s):
12 July in each year commencing on (and including)
12 July 2024 and ending on (and including) the
Maturity Date
(iii) Fixed Coupon Amount:
CHF 2,772.5 per Note of CHF 100,000 Specified
Denomination

(iv) Broken Amount:
Not Applicable
(v) Day Count Fraction (Condition 30/360 (unadjusted)
5(a)):
(vi) Determination Date(s):
Not Applicable
(b) Resettable Note Provisions:
Not Applicable
15 Floating Rate Note Provisions:
Not Applicable
16 Zero Coupon Note Provisions:
Not Applicable
17 Inflation Linked Notes:
Not Applicable
18 Interest linked to a formula:
Not Applicable
19 Index Linked Notes (single index):
Not Applicable
20 Index Linked Notes (basket of indices):
Not Applicable
PROVISIONS RELATING TO REDEMPTION
21 Issuer Call Option:
Not Applicable
22 Noteholder Put Option:
Not Applicable
23 Clean-up Call Option by the Issuer

(Condition 6(d)):
Not Applicable
24 Final Redemption Amount of each Note:
CHF 100,000 per Note of CHF 100,000 Specified
Denomination

Inflation Linked Notes Provisions
relating to the Final Redemption
Amount (Condition 6(g)):
Not Applicable

Index Linked Redemption Amount:
Not Applicable
25 Early Redemption Amount:
In accordance with the Conditions
GENERAL PROVISIONS APPLICABLE TO THE NOTES
26 Form of Notes:
Materialised Notes
(i) Form of Dematerialised Notes:
Not Applicable
(ii) Registration Agent:
Not Applicable
4

(iii) Temporary
Global
Certificate:
Temporary Global Certificate exchangeable for
Definitive Materialised Bearer Notes on 21 August
2023 (the "Exchange Date"), being the first day
following the expiry of 40 days after the Issue Date
subject to postponement as provided in the
Temporary Global Certificate.

For the purpose of this Series of Notes only, the
following provisions shall be inserted immediately
following Condition 1 (Form, Denomination(s),
Title and Redenomination) of the Conditions:

The Notes and all rights in connection therewith are
documented in the form of a Temporary Global
Certificate which shall be deposited by the Swiss
Principal Paying Agent (as defined below) with
SIX SIS Ltd. or any other intermediary in
Switzerland recognised for such purposes by SIX
Swiss Exchange Ltd (SIX SIS Ltd. or any such
other intermediary, the "Intermediary") until
printing of Definitive Materialised Bearer Notes.
Once the Temporary Global Certificate is deposited
with the Intermediary and entered into the accounts
of one or more participants of the Intermediary, the
Notes will, for Swiss law purposes, constitute
intermediated securities (Bucheffekten for Swiss
law purposes) ("Intermediated Securities") in
accordance with the provisions of the Swiss Federal
Intermediated Securities Act (Bucheffektengesetz
for Swiss law purposes).
Each holder of Notes (each a "Noteholder" and
together, the "Noteholders") shall, for Swiss law
purposes, have a quota co-ownership interest
(Miteigentumsanteil) in the Temporary Global
Certificate and following its exchange, in the
Definitive Materialised Bearer Notes and the
related Coupons to the extent of such holder's claim
against the Issuer, however, for so long as the
Temporary Global Certificate and, following its
exchange, the Definitive Materialised Bearer Notes
and the related Coupons remain deposited with the
Intermediary, the co-ownership interest shall be
suspended.
The records of the Intermediary will determine the
number of Notes held through each participant in
that Intermediary. In respect of the Notes held in the
form of Intermediated Securities, the Noteholders
will be the persons holding the Notes in a securities
account in their own name and for their own
5

account and related expressions shall be construed
accordingly.
The Definitive Materialised Bearer Notes for which
the Temporary Global Certificate will be exchanged
shall (i) be duly executed and authenticated, (ii)
where applicable, have attached to them all
Coupons in respect of interest, that have not already
been paid on the Temporary Global Certificate and
(iii) be security printed in accordance with
applicable legal and stock exchange requirements.
On exchange in full and surrender of the Temporary
Global Certificate for Definitive Materialised
Bearer Notes, the Swiss Principal Paying Agent
shall procure that it is cancelled and (unless
otherwise instructed by the Issuer) returned to the
Issuer.
Neither the Issuer nor the Noteholders shall at any
time have the right to effect or demand the
conversion of the Definitive Materialised Bearer
Notes into, or the delivery of, a permanent global
certificate (Globalurkunde for Swiss law purposes)
or Dematerialised Notes (Wertrechte for Swiss law
purposes) or Definitive Materialised Bearer Notes
(Wertpapiere for Swiss law purposes).
The Definitive Materialised Bearer Notes
(Wertpapiere for Swiss law purposes) shall only be
individually delivered to the Noteholders, if the
Swiss Principal Paying Agent determines, in its sole
discretion, that the delivery of the Definitive
Materialised Bearer Notes (Wertpapiere for Swiss
law purposes) is necessary or useful, against
cancellation of the Notes in the Noteholders'
securities accounts. For the avoidance of doubt, in
circumstances where the Swiss Principal Paying
Agent decides not to deliver the Definitive
Materialised Bearer Notes (Wertpapiere for Swiss
law purposes), the Noteholders shall not have any
recourse to the Issuer.
27
Financial Centre(s) or other special
provisions relating to payments dates:
T2 and Zurich
28 Talons for future Coupons to be attached to
Definitive Notes (and dates on which such
Talons mature):
Not Applicable
29 Redenomination, renominalisation and
reconventioning provisions:
Not Applicable
6

30 Events of Default for Senior Preferred Notes
(Condition 9(a)):
Non-payment (condition 9(a)(i)): Not Applicable
Breach of other obligations (condition 9(a)(ii)): Not
Applicable
Cross-default (condition 9(a)(iii)): Not Applicable
Sale, transfer or disposal of the whole or a substantial
part of its assets (condition 9(a)(iv)): Not Applicable

Insolvency (or other similar proceeding) (condition
9(a)(v)): Not Applicable
31 Masse (Condition 11):
Name and address of the Representative:

DIIS
Group
12 rue Vivienne
75002 Paris
[email protected]

The Representative will receive a remuneration of
EUR 450 (excluding taxes) per year for the entire
Series referred to herein in respect of its functions.

7

32 Other terms:
For the purpose of this Series of Notes only, the
following shall be added to the opening lines of the
Conditions:
"For the purpose of the Notes the Issuer has, together
with UBS AG (the "Swiss Principal Paying Agent")
and the other parties named therein, entered into a
supplemental issue and paying agency agreement
dated 10 July 2023 (the "Supplemental Agency
Agreement").
For the purpose of the Notes, any reference in the
Conditions of the Notes to the "Fiscal Agent",
"Principal Paying Agent", the "Paying Agent" or the
"Calculation Agent" shall, so far as the context
permits, be construed as reference to the Swiss
Principal Paying Agent."

For the purpose of this Series of Notes only,
Condition 7(e) (Appointment of Agents) shall be
supplemented as follows:
"In respect of the Notes, the Issuer will at all times
maintain a Paying Agent having a specified office in
Switzerland and (in respect of this Series of Notes
only) will at no time maintain a Paying Agent having
a specified office outside of Switzerland, unless
permitted by applicable law.
The Supplemental Agency Agreement (as defined
above) will also contain certain other modifications
to the Agency Agreement, necessary as a
consequence of the issue of Notes denominated in
CHF and listed on the SIX Swiss Exchange.

Payments of principal and interest in respect of
Notes will be made in freely disposable CHF without
collection costs in Switzerland and without any
restrictions and irrespective of nationality, domicile
or residence of a Noteholder or Couponholder and
without requiring any certification, affidavit or the
fulfilment of any other formality.

The receipt by the Swiss Principal Paying Agent of
the due and punctual payment of the funds in CHF in
Zurich, in the manner provided by the Conditions
and these Final Terms, releases the Issuer from its
obligation under the Notes and Coupons for the
payment of interest and principal due on the
respective Interest Payment Dates and on the
Maturity Date to the extent of such payment."

8

For the purpose of this Series of Notes only, the
following provisions shall be inserted immediately
following Condition 14 (Notices) of the Conditions:
"So long as the Notes are listed on the SIX Swiss
Exchange and so long as the rules of the SIX Swiss
Exchange so require, all notices in respect of the
Notes will be validly given through the Swiss
Principal Paying Agent (i) by means of electronic
publication on the internet website of the SIX Swiss
Exchange (currently https://www.six-
group.com/en/productsservices/the-swiss-stock-
exchange/marketdata/news-tools/official-
notices.html#/), or (ii) otherwise in accordance with
the regulations of the SIX Swiss Exchange.
Any notices so given will be deemed to have been
validly given on the date of such publication or if
published more than once, on the first date of such
publication."
PURPOSE OF FINAL TERMS
These Final Terms comprise the final terms required for issue and admission to trading on SIX Swiss
Exchange of the Notes described herein pursuant to the 20,000,000,000 Euro Medium Term Notes
Programme of the Issuer.
RESPONSIBILITY
The Issuer accepts responsibility for the information contained in these Final Terms.

Signed on behalf of the Issuer
By: Dominique HECKEL
Duly authorised

9

PART 2 OTHER INFORMATION
1
LISTING AND ADMISSION TO TRADING

(i) Listing: SIX
Swiss
Exchange
(ii) Admission to trading:
The Notes have been provisionally admitted to
trading on SIX Swiss Exchange with effect from
10 July 2023. Application for listing of the Notes
in accordance with the standard for bonds at SIX
Swiss Exchange will be only made subsequent to
the Issue Date. The last trading date will be the
second business day prior to the Maturity Date.
(iii) Estimate of total expenses related to
admission to trading:
CHF 6,300
(iv) Additional publication of Base Prospectus
and Final Terms:
Not Applicable
2
RATINGS
AND EURO EQUIVALENT

Ratings:
The Notes to be issued have been rated A+ by S&P Global Ratings Europe Limited ("S&P"), A2 by
Moody's France SAS ("Moody's") and A+ by Fitch Ratings Ireland Limited ("Fitch").

Each of S&P, Fitch and Moody's is established in the European Union and is registered under
Regulation (EC) No 1060/2009 (as amended) (the "CRA Regulation"). Each of S&P, Fitch and
Moody's is included in the list of registered credit rating agencies published by the European
Securities and Markets Authority on its website (https://www.esma.europa.eu/credit-rating-
agencies/cra-authorisation) in accordance with the CRA Regulation.
S&P, Fitch and Moody's are not established in the United Kingdom and are not registered under
Regulation (EU) N° 1060/2009 as it forms part of domestic law by virtue of the EUWA (the "UK
CRA Regulation"). The ratings of the Notes issued by S&P, Fitch and Moody's are endorsed
respectively by S&P Global Ratings UK Limited, Fitch Ratings Limited and Moody's Investors
Service Limited, in accordance with the UK CRA Regulation and have not been withdrawn. As such,
the ratings issued by S&P, Fitch and Moody's may be used for regulatory purposes in the United
Kingdom in accordance with the UK CRA Regulation.
According to S&P's definitions, an obligation rated 'A' is somewhat more susceptible to the adverse
effects of changes in circumstances and economic conditions than obligations in higher-rated
categories. However, the obligor's capacity to meet its financial commitments on the obligation is still
strong. The plus sign shows the relative standing within the rating category.
According to Moody's definitions, obligations rated `A' are considered upper medium-grade and are
subject to low credit risk. The modifier `2' indicates a mid-range ranking in the generic rating category
`A'.
According to Fitch's definitions, `A' ratings denote expectations of low default risk. The capacity for
payment of financial commitments is considered strong. This capacity may, nevertheless, be more
vulnerable to adverse business or economic conditions than is the case for higher ratings. The modifier
"+" is appended to denote relative status within the rating category.

Euro equivalent:
Euro 183,673,469.39
10