Obligation Société Foncière de Financement 0.95% ( FR0013513355 ) en EUR

Société Foncière de Financement

100 % ⇌

France

FR0013513355 ( en EUR )

0.95% par an ( paiement annuel )

19/05/2090 - Obligation échue

Prospectus brochure de l'obligation Cie de Financement Foncier FR0013513355 en EUR 0.95%, échue

La Compagnie de Financement Foncier (CFF) est une société de financement spécialisée dans les prêts immobiliers, offrant des solutions de crédit pour l'acquisition, la construction ou la rénovation de biens immobiliers.

L'Obligation émise par Société Foncière de Financement ( France ) , en EUR, avec le code ISIN FR0013513355, paye un coupon de 0.95% par an.
Le paiement des coupons est annuel et la maturité de l'Obligation est le 19/05/2090

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 manufacturer's 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 manufacturer's target market assessment)
and determining appropriate distribution channels.
PROHIBITION OF SALES TO EEA AND UK RETAIL INVESTORS The Notes are not intende to be
offerd, sold or otherwise made avilable toand should not be offerd, sold or otherwise made avilable to
any retail investor inthe European Economic Area ("EEA") or inthe United Kingdom (the "UK"). For these
purposes, a retail investor means aperson who is one (or more) of: (i) aretail client as defined in point
(11) of Article 4(1) of MiFID II; or (ii) a customer within the meani g of Directive 2016/97/EU, wher that
customer would not qualify as aprofesional cient as defined in point (10) of Article 4(1) of MiFID II; or
(iii) not a qualified investor as defined in Directive 2003/71/EC, as amende or supersedd (the
"Prospectus Directive"). Consequently, no key information document required by Regulation (EU) No
1286/2014 (the "PRIIPs Regulation") for offering or seling the Notes or otherwise making them
avilable to retail investors inthe E A or inthe UK has ben prepared and therfore offering or seling the
Notes or otherwise making them avilable to any retail investor in the E A or in the UK may be unlawful
under the PRIIPS Regulation. Final Terms dated 15 May 2020

COMPAGNIE DE FINANCEMENT FONCIER
Euro 125,000,000,000
Euro Medium Term Note Programme
for the issue of Obligations Foncières
Due from one month from the date of original issue
SERIES NO: 674 TRANCHE NO: 1
Euro 50,000,000 0.95 per cent. Obligations Foncières due May 2090 (the "Notes")
Issued by: COMPAGNIE DE FINANCEMENT FONCIER (the "Issuer")

Issue Price: 100 per cent.

Manager
BANCO SANTANDER, S.A.

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 14 June 2019 which received visa n°19-272 from the Autorité des marchés financiers (the
"AMF") on 14 June 2019 and the first supplement to the Base Prospectus dated 29 August 2019 which received
visa n°19-414 from the AMF on 29 August 2019, the second supplement to the Base Prospectus dated 21
February 2020 which received from the AMF visa n°20-051 on 21 February 2020 and the third supplement to the
Base Prospectus dated 1 April 2020 which received from the AMF visa n°20-108 on 1 April 2020 (together the
"Supplements") which together constitute a base prospectus for the purposes of the Directive 2003/71/EC, as
amended or superseded (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 Compagnie de Financement Foncier, 4, Quai de
Bercy, 94224 Charenton Cedex, France.

1

Issuer:
Compagnie de Financement Foncier
2

(i)
Series Number:
674

(ii)
Tranche Number:
1

(iii) Date on which the Notes become fungible:
Not Applicable
3

Specified Currency or Currencies:
Euro
4

Aggregate Nominal Amount of Notes listed and admitted
to trading:

(i)
Series:
Euro 50,000,000

(ii)
Tranche:
Euro 50,000,000
5

Issue Price:
100 per cent. of the Aggregate Nominal
Amount
6

Specified Denominations:
Euro 100,000
7

(i)
Issue Date:
19 May 2020

(ii)
Interest Commencement Date:
Issue Date
8

Maturity Date:
19 May 2090
9

Extended Maturity Date:
Not Applicable
10

Interest Basis:
0.95 per cent. Fixed Rate
(further particulars specified below)
11

Redemption Basis:
Redemption at par
12

Change of Interest Basis:
Not Applicable
13

Put/Call Options:
Not Applicable
14

Maximum/Minimum Rates of Interest, Final Redemption
Amounts and/or Optional Redemption Amounts:
Not Applicable

15

(i)
Status of the Notes:
Obligations Foncières

(ii)
Dates of the corporate authorisations for issuance Decision
of
the
Conseil
of Notes obtained:
d'administration of the Issuer dated
18 December 2019 authorising the issue
of the Notes and delegating such
authority to, inter alios, its Directeur
Général and its Directeur Général
Délégué to sign and execute all
documents in relation to the issue of
Notes and decision of the Conseil
d'administration of the Issuer dated 31
March 2020 authorising the quarterly
programme of borrowings which benefit
from the privilège referred to in Article
L. 513-11 of the French Code monétaire
et financier up to and including Euro 2
billion for the second quarter of 2020.
PROVISIONS RELATING TO INTEREST (IF ANY)

PAYABLE
16

Fixed Rate Note Provisions
Applicable

(i)
Rate of Interest:
0.95 per cent. per annum with respect to
each Interest Accrual Period payable
annually in arrear

(ii)
Interest Payment Dates:
19 May in each year commencing on 19
May 2021

(iii) Interest Period Date(s):
Not Applicable

(iv) Fixed Coupon Amount:
Euro 950 per Specified Denomination

(v)
Broken Amount(s):
Not Applicable

(vi) Day Count Fraction (Condition 5(a)):
Actual/Actual-ICMA

(vii) Determination Date (Condition 5(a)):
19 May in each year
17

Floating Rate Note Provisions
Not Applicable
18

Zero Coupon Note Provisions
Not Applicable
19

Inflation Linked Note Interest Provisions
Not Applicable

20

Index Formula
Not Applicable
21

Underlying Formula
Not Applicable
22

CPI Formula
Not Applicable
23

HICP Formula
Not Applicable

24

Leveraged Floating Rate Formula
Not Applicable
25

Reverse Floater Formula
Not Applicable
26

Maximum-Minimum VolBond Formula
Not Applicable
27

Pre/Post VolBond Formula
Not Applicable
28

Digital Formula
Not Applicable
29

Product of Spread Formula
Not Applicable
30

Range Accrual Formula
Not Applicable
31

Steepener Formula
Not Applicable
32

Fixed/Floating Rate Note Provisions
Not Applicable
33
Zero Coupon/Fixed Rate Note Provisions
Not Applicable
34
Rate Switch and Rate Lock-In Provisions
Not Applicable

PROVISIONS RELATING TO REDEMPTION
35

Call Option
Not Applicable
36

Put Option
Not Applicable

37

Variable Zero Coupon Redemption Provisions
Not Applicable
relating to the Optional Redemption Amount:
38

Final Redemption Amount of each Note
Redemption at par

Inflation Linked Notes Provisions relating to the
Not Applicable
Final Redemption Amount:

Variable Zero Coupon Redemption Provisions
Not Applicable
relating to the Final Redemption Amount:
39

Optional Redemption Amount

Inflation Linked Notes Provisions relating to the Not Applicable
Optional Redemption Amount:

GENERAL PROVISIONS APPLICABLE TO THE NOTES
40

Form of Notes:
Dematerialised Notes

(i)
Form of Dematerialised Notes:
Bearer dematerialised form (au porteur)

(ii)
Registration Agent:
Not Applicable

(iii) Temporary Global Certificate:
Not Applicable

(iv) Applicable TEFRA exemption:
TEFRA not applicable
41

Financial Centre(s) (Condition 7(h)) or other special Not Applicable
provisions relating to Payment Dates:

Adjusted Payment Date (Condition 7(h)):
The next following business day as per
Condition 7(h)
42

Talons for future Coupons to be attached to Definitive Not Applicable
Materialised Notes (and dates on which such Talons

PART B OTHER INFORMATION
1.
LISTING

(i)
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 the
Regulated Market of the Luxembourg Stock Exchange
with effect from the Issue Date.

(ii)
Estimate of total expenses related to
admission to trading:
Euro 6,600
(iii) Regulated markets or equivalent markets
on which, to the knowledge of the issuer,
securities of the same class of the
securities to be offered or admitted to
trading are already admitted to trading:
Not applicable
2.
RATINGS
The Programme has been rated Aaa by Moody's
Ratings:
Investors Service ("Moody's"), AAA by Standard &
Poor's Ratings Services ("S&P") and AAA by Scope
Ratings AG ("Scope").
For Moody's, Notes issued under the Programme are
deemed to have the same rating as the Programme,
investors are invited to check on a regular basis the rating
assigned to the Programme which is publicly disclosed
via Moody's rating desk or moodys.com.
The Notes issued under the Programme will be rated
AAA by S&P1 and AAA by Scope.
Each of S&P, Moody's and Scope is established in the
European Union or in the United Kingdom and registered
under Regulation (EC) No 1060/2009 (as amended) (the
"CRA Regulation"). As such, each of S&P, Moody's
and Scope is 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
(www.esma.europa.eu/supervision/credit-
rating-agencies/risk).

3.
SPECIFIC CONTROLLER
The specific controller (contrôleur spécifique) of the Issuer has certified on 6 April 2020 that the value of
the assets of the Issuer will be greater than the value of its liabilities benefiting from the privilège defined
in Article L.513-11 of the Code monétaire et Financier, after settlement of this issue and of the issues
which have been the subject of previous attestations and that the coverage ratio of the Issuer is compliant
with the minimum overcollateral ratio specified in Article R.513-8 of the Code monétaire et financier.

1 An obligation rated "AAA" has the highest rating assigned by Standard & Poor's Ratings Services. The obligor capacity to meet its
financial commitment on the obligation is extremely strong (source: Standard & Poor's Ratings Services). A rating is not a
recommendation to buy, sell or hold securities and may be subject to suspension, reduction or withdrawal at any time by the assigning
rating agency without notice.

4.
NOTIFICATION
The Autorité des marchés financiers in France has provided the Commission de Surveillance du
Secteur Financier in Luxembourg with certificates of approval attesting that the Base Prospectus dated
14 June 2019 and the supplements dated 29 August 2019, 21 February 2020 and 1 April 2020 have
been drawn up in accordance with the Prospectus Directive.
5.
INTERESTS OF NATURAL AND LEGAL PERSONS INVOLVED IN THE ISSUE/OFFER
"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."
6.
YIELD

Indication of yield:
0.95% per cent. per annum
The yield is calculated on the basis of the Issue Price. It is
not an indication of future yield.
7.
DISTRIBUTION
(i)
Method of distribution
Non-syndicated
(ii)
If syndicated:

(A) names of Managers:
Not Applicable
(B) Date of Subscription Agreement:
Not Applicable
(C) Stabilisation Manager(s) (if any):
Not Applicable
(iii) If non-syndicated, name and address of
Banco Santander, S.A.
Manager:
(iv) Prohibition of Sales to EEA and UK Retail Not Applicable
Investors:

(v)
Additional selling restrictions:
Not Applicable
8.
OPERATIONAL INFORMATION
ISIN:
FR0013513355
Common Code:
001351335
CFI:
Not Applicable
FISN:
Not Applicable
Depositaries:

(i)
Euroclear France to act as Central Yes
Depositary
(ii)
Common Depositary for Euroclear and
Clearstream Banking S.A.
No
Any clearing system(s) other than Euroclear Bank

SA/NV and Clearstream Banking S.A. and the
relevant identification number(s):
Not Applicable
Delivery:
Delivery against payment
Names and addresses of additional Paying

Agent(s) (if any):
Not Applicable
The aggregate principal amount of Notes issued
has been translated into Euro at the rate of
[currency] [·] per Euro 1.00, producing a sum of:
Not Applicable