Obligation BPCe 1.657% ( FR0013233459 ) en EUR

BPCe

100 % ⇌

France

FR0013233459 ( en EUR )

1.657% par an ( paiement annuel )

30/01/2034 - Obligation échue

Prospectus brochure de l'obligation BPCE FR0013233459 en EUR 1.657%, échue

BPCE est un groupe bancaire coopératif français, deuxième acteur bancaire en France, composé notamment des réseaux bancaires Caisse d'Epargne et Banque Populaire.

L'Obligation émise par BPCe ( France ) , en EUR, avec le code ISIN FR0013233459, paye un coupon de 1.657% par an.
Le paiement des coupons est annuel et la maturité de l'Obligation est le 30/01/2034

Final Terms dated 26 January 2017

BPCE
Euro 40,000,000,000
Euro Medium Term Note Programme
for the issue of Notes

Series No.: 2017-03
Tranche No.: 1
Issue of Euro 40,000,000 1.657 per cent. Fixed Rate Notes due 30 January 2034 (the "Notes")

Dealer
Nomura

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 December 2016 which received
visa n°16-595 from the Autorité des marchés financiers (the "AMF") on 21 December 2016
(the "Base Prospectus"), which constitute a base prospectus for the purposes of 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. 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. 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:
2017-03
(ii)
Tranche Number:
1
3.
Specified Currency or Currencies:
Euro
4.
Aggregate Nominal Amount of
Notes:

(i)
Series:
Euro 40,000,000
(ii)
Tranche:
Euro 40,000,000
5.
Issue Price:
100 per cent. of the Aggregate Nominal
Amount
6.
Specified Denomination:
Euro 100,000
7.
(i)
Issue Date:
30 January 2017
(ii)
Interest
Commencement
Date:
Issue Date
8.
Interest Basis:
1.657 per cent. per annum Fixed Rate
(further particulars specified below)
9.
Maturity Date:
30 January 2034
10.
Redemption/Payment 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 or

Redemption/Payment Basis:
Not Applicable
12.
Put/Call Options:
Not Applicable
13.
(i)
Status of the Notes:
Senior Preferred Notes
2

(ii)
Date
of
corporate
authorisations for issuance Decisions of the Directoire of the Issuer
of Notes obtained:
dated 25 April 2016 and decision of Mr.
Jean-Philippe Berthaut, Head of Group
Funding, dated 18 January 2017
PROVISIONS RELATING TO INTEREST PAYABLE
14.
Fixed Rate Note Provisions:
Applicable
(i)
Rate of Interest:
1.657 per cent. per annum payable annually
in arrear on each Interest Payment Date
(ii)
Resettable:
Not Applicable
(iii)
Interest Payment Dates:
30 January in each year commencing on 30
January 2018
(iv)
Fixed Coupon Amount:
Euro 1,657 per Note of Euro 100,000
Specified Denomination
(v)
Broken Amount:
Not Applicable
(vi)
Day Count Fraction:
Actual/Actual (ICMA)
(vii) Determination Dates:
30 January in each year

(viii) Payments on Non-Business
Days:
As per the Conditions
15.
Floating Rate Note Provisions:
Not Applicable
16.
Zero Coupon Note Provisions:
Not Applicable
17.
Inflation-Linked
Interest
Note Not Applicable
Provisions:
PROVISIONS RELATING TO REDEMPTION
18.
Call Option:
Not Applicable
19.
Put Option:
Not Applicable
20.
MREL/TLAC
Disqualification
Event Call Option:
Not Applicable
21.
Final Redemption Amount of each Euro 100,000 per Note of Euro 100,000
Note:
Specified Denomination
22.
Inflation Linked Notes Provisions Not Applicable
relating to the Final Redemption
Amount:
23.
Early Redemption Amount:

3

(i)
Early Redemption Amount(s) Euro 100,000 per Note of Euro 100,000
of each Senior Preferred Note payable Specified Denomination
on redemption upon the occurrence of
a Withholding Tax Event (Condition
6(i)(i)), a Gross-Up Event (Condition
6(i)(ii)) or for illegality (Condition
6(l):

(ii)
Early Redemption Amount(s) Not Applicable
of each Senior Non-Preferred Note
payable on redemption upon the
occurrence of an MREL/TLAC
Disqualification Event (Condition
6(g)) or a Withholding Tax Event
(Condition 6(i)(i)):

(iii)
Early Redemption Amount(s) Not Applicable
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) or a Tax Deductibility Event
(Condition 6(i)(iii)):

(iv)
Early Redemption Amount(s) Euro 100,000 per Note of Euro 100,000
of each Note payable on redemption Specified Denomination
upon the occurrence of an Event of
Default (Condition 9):

(v)
Redemption
for
taxation No
reasons permitted on days others than
Interest Payment Dates (Condition
6(i)):

(vi)
Unmatured
Coupons
to Not Applicable
become void upon early redemption
(Materialised Bearer Notes only)
(Condition 7(f)):
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
Not Applicable
exemption:
25.
Financial Centre(s):
Not Applicable
4

26.
Talons for future Coupons or Not Applicable
Receipts to be attached to Definitive
Notes (and dates on which such
Talons mature):
27.
Details relating to Instalment Notes: Not Applicable
amount of each instalment, date on
which each payment is to be made:
28.
Redenomination provisions:
Not Applicable
29.
Purchase
in
accordance
with Applicable
Article L.213-1 A and D.213-1 A of
the French Code monétaire et
financier:
30.
Consolidation provisions:
Not Applicable
31.
Waiver of Set-Off :
Applicable
32.
Masse:
Contractual Masse shall apply

Name and address of the Representative:
MCM
AVOCAT,
Selarl
d'avocats
interbarreaux inscrite au Barreau de Paris
10, rue de Sèze
75009 Paris
France
Represented by Maître Antoine Lachenaud,
Co-gérant associé

Name and address of the alternate
Representative:
Maître Philippe Maisonneuve
Avocat
10, rue de Sèze
75009 Paris
France
The
Representative
will
receive
a
remuneration of Euro 2,000 (excluding
VAT) per year.

5

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

6

PART B OTHER INFORMATION
1.
LISTING AND ADMISSION TO TRADING

(i) Listing and Admission to
Application has been made by the Issuer (or on its
trading:
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: Euro 10,150

2. RATINGS
Ratings:
The Notes to be issued have been rated:
Fitch: A
Moody's Investor Services: A2
S&P: A
Each of Fitch, Moody's Investor Services and 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:
1.657 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

7

ISIN:
FR0013233459
Common Code:
155546484
Depositaries:

(i)
Euroclear France to act as
Central Depositary:
Yes
(ii)
Common Depositary for
Euroclear and Clearstream:
No
Any clearing system(s) other than Not Applicable
Euroclear and Clearstream and
the
relevant
identification
number(s):
Delivery:
Delivery against payment
Names
and
addresses
of Not Applicable
additional Paying Agent(s) (if
any):

6. DISTRIBUTION

(i) Method of distribution:
Non-syndicated

(ii) If syndicated:

(A) Names of Managers:
Not Applicable

(B) Stabilising Manager(s) if
Not Applicable
any:

(iii) If non-syndicated, name
Nomura International plc
and address of Dealer:
1 Angel Lane,
London,
EC4R 3AB

(iv) US Selling Restrictions
TEFRA not applicable
(Categories of potential
investors to which the Notes
are offered):

8