Obligation Groupe BPCE 0.796% ( FR0013494242 ) en GBP

Groupe BPCE

100 % ⇌

France

FR0013494242 ( en GBP )

0.796% par an ( paiement trimestriel )

09/03/2022 - Obligation échue

Prospectus brochure de l'obligation BPCE FR0013494242 en GBP 0.796%, échue

100 000 GBP

18 000 000 GBP

Deuxième groupe bancaire en France, regroupant les réseaux Banque Populaire et Caisse d'Épargne.

L'Obligation émise par Groupe BPCE ( France ) , en GBP, avec le code ISIN FR0013494242, paye un coupon de 0.796% par an.
Le paiement des coupons est trimestriel et la maturité de l'Obligation est le 09/03/2022

MIFID II PRODUCT GOVERNANCE / PROFESSIONAL INVESTORS AND ELIGIBLE
COUNTERPARTIES ONLY TARGET MARKET 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 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
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.

Final Terms dated 11 March 2020
BPCE
Legal Entity Identifier (LEI): 9695005MSX1OYEMGDF46
Euro 40,000,000,000
Euro Medium Term Note Programme
for the issue of Notes
SERIES NO: 2020-13
TRANCHE NO: 1
GBP 18,000,000 Floating Rate Senior Preferred Notes due 10 March 2022 (the "Notes")
Dealer
COMMERZBANK Aktiengesellschaft

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 November 2019 which received approval number
n°19-539 from the Autorité des marchés financiers (the "AMF") on 21 November 2019 (the "Base
Prospectus") and Supplement n°1 dated 18 February 2020 which received approval number n° 20-044
from the AMF on 18 February 2020 (together the "Base Prospectus"), which constitute a base prospectus
for the purposes of the Prospectus Regulation.
This document constitutes the Final Terms of the Notes described herein for the purposes of the Prospectus
Regulation and must be read in conjunction with such Base Prospectus in order to obtain all the relevant
information. 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:
2020-13
(ii)
Tranche Number:
1
(iii) Date on which the Notes become
Not Applicable
fungible:
3
Specified Currency or Currencies:
British Pounds ("GBP")
4
Aggregate Nominal Amount:
(i)
Series:
GBP 18,000,000
(ii)
Tranche:
GBP 18,000,000
5
Issue Price:
100 per cent. of the Aggregate Nominal Amount
6
Specified Denomination(s):
GBP 100,000
7
(i)
Issue Date:
13 March 2020
(ii)
Interest Commencement Date:
Issue Date
8
Interest Basis:
Three (3) months GBP-Libor + 0.29 per cent. per
annum Floating Rate
(further particulars specified below)
9
Maturity Date:
Interest Payment Date falling in or nearest to 10
March 2022
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 Preferred Notes
(ii)
Dates of the corporate authorisations
Decision of the Directoire of the Issuer dated 2 April

for issuance of Notes obtained:
2019 and decision of Mr. Jean-Philippe Berthaut,
Head of Group Funding, dated 4 March 2020
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:
10 March, 10 June, 10 September and 10 December
in each year, subject to adjustment in accordance with
the Business Day Convention set out in (iv) below
(iii) First Interest Payment Date:
10 June 2020 (first short coupon)
(iv) Business Day Convention:
Modified Following Business Day Convention
(v)
nterest Period Date:
Not Applicable
(vi) Business Centre(s):
London and TARGET
(vii) Manner
in
which the Rate(s) of
Screen Rate Determination
Interest 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 months GBP-Libor BBA

Interest Determination Date:
Same day as the start of each Specified Interest
Payment Dates

Relevant Screen Page:
Reuters Screen LIBOR01

Relevant Screen Page Time
11:00 a.m. London time
(x)
FBF Determination
Not Applicable
(xi) ISDA Determination:
Not Applicable
(xii) Margin(s):
+ 0.29 per cent. per annum
(xiii) Minimum Rate of Interest:
Not Applicable
(xiv) Maximum Rate of Interest:
Not Applicable
(xv) Day Count Fraction:
Actual/365
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
Applicable
Option:
21
Final Redemption Amount of each Note
GBP 100,000 per Note of GBP 100,000 Specified
Denomination
22
Inflation Linked Notes Provisions relating
Not Applicable
to the Final Redemption Amount:
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
6(i)(ii)) or for Illegality (Condition
6(l)):
GBP 100,000 per Note of GBP 100,000 Specified
Denomination
(ii)
Early Redemption Amount(s) of each
Not Applicable
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)):
(iii) Redemption
for
taxation
reasons
No
permitted on days others than Interest
Payment Dates (Condition 6(i)):
(iv) Unmatured Coupons to become void
Not Applicable
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 exemption:
Not Applicable
25
Financial Centre(s):
London and TARGET
26
Talons for future Coupons or Receipts to be
Not Applicable
attached to Definitive Notes (and dates on
which such Talons mature):
27
Details relating to Instalment Notes: amount
Not Applicable
of each instalment, date on which each

payment is to be made:
28
Redenomination provisions:
Not Applicable
29
Purchase in accordance with applicable
Applicable
French laws and regulations:
30
Consolidation provisions:
Not Applicable
31
Meeting and Voting Provisions (Condition
Contractual Masse shall apply
11):
Name and address of the initial Representative:
As per Condition 11(c)
Name and address of the alternate Representative:
As per Condition 11 (c)The Representative will
receive a remuneration of EUR 2,000 (excluding
VAT) per year so long as any of the Notes remains
outsdanding
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

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.
(ii)
Estimate of total expenses related
EUR 2,275
toadmission to trading:
2
RATINGS
Ratings:
The Notes to be issued have been rated:
S&P: A+
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
FLOATING RATE NOTES ONLY - PERFORMANCE OF RATES
Details of performance of LIBOR rates can be obtained free of charge, from Reuters page LIBOR01.
5
NOTES LINKED TO A BENCHMARK ONLY BENCHMARK
Benchmarks:
Amounts payable under the Notes will be calculated by
reference to 3 months GBP Libor which is provided by
European Money Market Institute ("EMMI"). As at the
date of these Final Terms, EMMI appears 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").
6
OPERATIONAL INFORMATION
ISIN:
FR0013494242
Common Code:
213317989
Depositaries:
(i)
Euroclear France to act as Central
Yes
Depositary:
(ii)
Common Depositary for Euroclear
No
and Clearstream:
Any clearing system(s) other than Euroclear
Not Applicable
and Clearstream and the relevant
identification number(s):

Delivery:
Delivery against payment
Names and addresses of additional Paying
Not Applicable
Agent(s) (if any):
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 and address
Commerzbank Aktiengesellschaft
of Dealer:
Kaiserstraße 16 (Kaiserplatz)
60313 Frankfurt am Main (Germany)
(iv) Prohibition of Sales to EEA Retail
Applicable
Investors:
(v)
US Selling Restrictions
Reg. S Compliance Category 2 applies to the Notes;

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