Obligation BPCe 0.107% ( FR0013323672 ) en EUR

BPCe

100 % ▲

France

FR0013323672 ( en EUR )

0.107% par an ( paiement trimestriel )

22/03/2023 - Obligation échue

Prospectus brochure de l'obligation BPCE FR0013323672 en EUR 0.107%, échue

100 000 EUR

750 000 000 EUR

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 FR0013323672, paye un coupon de 0.107% par an.
Le paiement des coupons est trimestriel et la maturité de l'Obligation est le 22/03/2023

Final Terms dated 30 April 2018

BPCE

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

SERIES NO: 2018-07
TRANCHE NO: 2
Issue of EUR 200,000,000 Floating Rate Senior Non-Preferred Notes due 23 March 2023 (the "Notes")
to be assimilated (assimilées) and form a single series with the existing EUR 750,000,000 Floating Rate
Senior Non-Preferred Notes due 23 March 2023 issued on 23 March 2018

Lead Manager
Natixis

Co-Lead Managers
Bankinter
DekaBank

MIFID II PRODUCT GOVERNANCE / PROFESSIONAL INVESTORS AND ECPS ONLY TARGET
MARKET Solely for the purposes of the manufacturer's product approval process, the target market
assessment in respect of the Notes has led to the conclusion that, in relation to the type of clients criterion
only: (i) the type of clients to whom the Notes are targeted 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
manufacturer's type of clients 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' type of clients assessment) and determining appropriate distribution channels.

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 1 December 2017 which received visa n°17-625 from the
Autorité des marchés financiers (the "AMF") on 1 December 2017 (the "Base Prospectus") and the first
supplement to the Base Prospectus dated 24 January 2018 which received visa n°18-024 from the AMF, the
second supplement to the Base Prospectus dated 20 February 2018 which received visa n°18-047 from the
AMF, the third supplement to the Base Prospectus dated 6 March 2018 which received visa n°18-075 from
the AMF and the fourth supplement to the Base Prospectus dated 5 April 2018 which received visa n°18-115
from the AMF (the "Supplements"), which together 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 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 and the Supplements are
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:
2018-07

(ii) Tranche Number:
2
(iii) Date on which the Notes become
The Notes will be assimilated (assimilées) and form a
fungible:
single series with the existing Euro 750,000,000
Floating Rate Senior Non-Preferred Notes due
23 March 2023 issued by the Issuer on
23 March 2018 (the "Existing Notes") as from the
date of assimilation which is expected to be on or
about 40 days after the Issue Date (the "Assimilation
Date") of the Tranche.
3
Specified Currency or Currencies:
Euro ("EUR")
4
Aggregate Nominal Amount:

(i)
Series:
EUR 950,000,000

2

(ii) Tranche:
EUR 200,000,000
5
Issue Price:
99.904 per cent. of the Aggregate Nominal Amount
of the Tranche plus an amount corresponding to
accrued interest at a rate of 0.0194750 per cent. of
such Aggregate Nominal Amount for the period from,
and including, 23 March 2018 to, but excluding, the
Issue Date.
6
Specified Denomination:
EUR 100,000
7
(i)
Issue Date:
3 May 2018

(ii) Interest Commencement Date:
23 March 2018
8
Interest Basis:
Three (3) month EURIBOR + 0.50 per cent. Floating
Rate
(further particulars specified below)
9
Maturity Date:
Interest Payment Date falling on or nearest to
23 March 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 Non-Preferred Notes

(ii) Dates of the corporate authorisations

for issuance of Notes obtained:
Decision of the Directoire of the Issuer dated
9 April 2018 and decision of Mr. Roland Charbonnel,
Directeur des Emissions et de la Communication
Financière, dated 20 April 2018
PROVISIONS RELATING TO INTEREST (IF ANY) PAYABLE
14 Fixed Rate Note Provisions:
Not Applicable
15 Floating Rate Note Provisions:
Applicable

(i)
Interest Period(s):
The period beginning on (and including) the Interest
Commencement Date and ending on (but excluding)
the First Interest Payment Date and each successive
period beginning on (and including) a Specified
Interest Payment Date and ending on (but excluding)
the next succeeding Specified Interest Payment Date

(ii) Specified Interest Payment Dates:
23 March, 23 June, 23 September and 23 December
in each year, subject to adjustment in accordance with
the Business Day Convention set out in (iv) below

(iii) First Interest Payment Date:
The Specified Interest Payment Date falling on or
nearest to 23 June 2018

3

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

(v) Interest Period Date:
Not Applicable

(vi) Business Centre(s):
TARGET

(vii) Manner in which the Rate(s) of
Screen Rate Determination
Interest is/are to be determined:

(viii) Party responsible for calculating the

Rate(s) of Interest and/or Interest
Amount(s) (if not the Calculation
Agent):
Not Applicable

(ix) Screen Rate Determination:
Applicable

Reference Rate:
Three (3) month EURIBOR

Interest Determination Date: Two (2) TARGET Business Days prior to the first day
of each Interest Accrual Period

Relevant Screen Page:
Reuters EURIBOR01

Relevant Screen Page Time
11:00 a.m. (Brussels time)

(x) FBF Determination
Not Applicable

(xi) ISDA Determination:
Not Applicable

(xii) Margin(s):
+0.50 per cent. per annum

(xiii) Minimum Rate of Interest:
0.00 per cent. per annum

(xiv) Maximum Rate of Interest:
Not Applicable

(xv) Day Count Fraction:
Actual/360
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

4

6(i)(ii)) or for Illegality (Condition
6(l)):
EUR 100,000 per Note of EUR 100,000 Specified
Denomination

(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)):
No

(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 Events of Default for Senior Preferred
Notes (Condition 9(a)):
Not Applicable

32 Meeting and Voting Provisions
Contractual Masse shall apply
(Condition 11):
Name and address of the Representative:
MCM AVOCAT, Selarl d'avocats interbarreaux
inscrite au Barreau de Paris

5

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
EUR 2,000 (excluding VAT) per year.

RESPONSIBILITY
The Issuer accepts responsibility for the information contained in these Final Terms.
Signed on behalf of BPCE
Duly represented by:
Roland Charbonnel, Directeur des Emissions et de la Communication Financière

6

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.
The Existing Notes are already admitted to trading on
Euronext Paris.

(ii) Estimate of total expenses related to
admission to trading:
EUR 9,150 (including AMF fees)
2
RATINGS

Ratings:
The Notes to be issued have been rated:
S & P: BBB+
Moody's Investor Services: Baa3
Fitch: A
Each of S&P, Moody's and Fitch are 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
FLOATING RATE NOTES ONLY - HISTORIC INTEREST RATES
Benchmarks:
Amounts payable under the Notes will be calculated by
reference to Euribor three (3) months which is provided
by European Money Market Institute ("EMMI"). As at
the date of these Final Terms, Euribor three (3) months
does not appear on the register of administrators and
benchmarks established and maintained by the
European Securities and Markets Authority pursuant to
Article 36 of the Benchmark Regulation (Regulation
(EU) 2016/1011) (the "Benchmark Regulation"). As
far as the Issuer is aware, the transitional provisions in
Article 51 of the Benchmark Regulation apply, such
that EMMI is not currently required to obtain
authorisation or registration.
5
OPERATIONAL INFORMATION

ISIN:
FR0013331824 until the Assimilation Date and
thereafter FR0013323672

Common Code:
181406321 until the Assimilation Date and thereafter
179329417

Depositaries:

7

(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
6
DISTRIBUTION

(i)
Method of distribution:
Syndicated

(ii) If syndicated:

(a) Name of Managers:
Lead Manager

Natixis

Co-lead Managers
Bankinter, S.A.
DekaBank Deutsche Girozentrale

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

(iii) If non-syndicated, name and address

of Dealer:
Not Applicable

(iv) Prohibition of Sales to EEA Retail
Applicable: PROHIBITION OF SALES TO EEA
Investors:
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 ("MiFID II"); (ii) a customer within the
meaning of Directive 2002/92/EC, 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 the Prospectus
Directive. Consequently, no key information document
required by Regulation (EU) No 1286/2014
(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.

8

(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

9