Obligation La Poste Banque 0.5% ( FR0013518024 ) en EUR

La Poste Banque

100 % ▲

France

FR0013518024 ( en EUR )

0.5% par an ( paiement annuel )

16/06/2026

Prospectus brochure de l'obligation La Banque Postale FR0013518024 en EUR 0.5%, échéance 16/06/2026

100 000 EUR

750 000 000 EUR

17/06/2026 ( Dans 184 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 EUR, avec le code ISIN FR0013518024, paye un coupon de 0.5% par an.
Le paiement des coupons est annuel et la maturité de l'Obligation est le 16/06/2026

PROHIBITION OF SALES TO EEA AND 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 European Economic Area ("EEA") or in the United Kingdom (the "UK"). 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 or in the UK has been prepared and therefore
offering or selling the Notes or otherwise making them available to any retail investor in the EEA or in the UK
may be unlawful under the PRIIPs Regulation.
MiFID II product governance / Professional investors and ECPs 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 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 15 June 2020

La Banque Postale
Legal entity identifier (LEI): 96950066U5XAAIRCPA78
Issue of EUR 750,000,000 Callable Fixed to Floating Rate Senior Non Preferred Notes due June 2026
under the
10,000,000,000 Euro Medium Term Note Programme
of La Banque Postale

SERIES NO: 93
TRANCHE NO: 1

Joint Lead Managers
BNP PARIBAS
CITIGROUP
COMMERZBANK
LA BANQUE POSTALE
UBS INVESTMENT BANK
UNICREDIT BANK

PART A 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 25 March 2020 which received approval number 20-096 from the
Autorité des marchés financiers (the "AMF") on 25 March 2020 and the supplement to the Base Prospectus
dated 29 April 2020 which received approval number 20-164 from the AMF on 29 April 2020 which together
constitute a base prospectus for the purposes of Regulation (EU) 2017/1129, as amended (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 as so supplemented in order
to obtain all the relevant information. The Base Prospectus and the supplement to the Base Prospectus are
available for viewing free of charge on the website of the AMF "(www. amf-france.org)" and on the website of
the Issuer "(www.labanquepostale.com)".
1
Issuer:
La Banque Postale
2
(i) Series Number:
93

(ii) Tranche Number:
1
3
Specified Currency or Currencies:
Euro ("EUR")
4
Aggregate Principal Amount of Notes
admitted to trading:

(i) Series:
EUR 750,000,000

(ii) Tranche:
EUR 750,000,000
5
Issue Price:
99.421 per cent. of the Aggregate Principal Amount
6
Specified Denomination(s):
EUR 100,000
7
(i) Issue Date:
17 June 2020

(ii) Interest Commencement Date:
Issue Date
8
Maturity Date:
Specified Interest Payment Date falling in or nearest
to June 2026
9
Interest Basis/Rate of Interest:
0.500 per cent. per annum Fixed Rate from, and
including, the Interest Commencement Date to, but
excluding, the Optional Redemption Date (as defined
below)
Three (3) month EURIBOR + 0.880 per cent.
Floating Rate from, and including, the Optional
Redemption Date to, but excluding, the Maturity
Date
(further particulars specified below)
10 Redemption/Payment Basis:
Redemption at par
11 Change of Interest or Redemption/Payment
Basis:
The initial Interest Basis shall be Fixed Rate until the
Optional Redemption Date (excluded)
The Interest Basis subsequent to the Optional
Redemption Date (included) shall be Floating Rate
(further particulars specified below)
12 Put/Call Options:
Issuer Call
(further particulars specified below)
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13 (i) Status of the Notes:
Senior Non Preferred

(ii) Date of corporate authorisations for the
issuance of Notes obtained:
Decision of Stéphane MAGNAN in his capacity as
Directeur de la Banque de Financement et
d'Investissement of the Issuer dated 8 June 2020
deciding the issue of the Notes
PROVISIONS RELATING TO INTEREST (IF ANY) PAYABLE
14 Fixed Rate Note and Resettable Rate Note
Provisions
Applicable
(a) Fixed Rate Note Provisions:
Applicable from, and including, the Interest
Commencement Date to, but excluding, the Optional
Redemption Date (the "Fixed Rate Interest
Period")

(i) Rate of Interest:
0.500 per cent. per annum payable annually in arrear
on each Interest Payment Date during the Fixed Rate
Interest Period

(ii) Interest Payment Dates:
17 June in each year commencing on 17 June 2021
and ending on the Optional Redemption Date

(iii) Fixed Coupon Amount:
EUR 500 per EUR 100,000 in Aggregate Principal
Amount

(iv) Broken Amount:
Not Applicable

(v) Day Count Fraction (Condition 5(a)):
Actual/Actual-ICMA, unadjusted

(vi) Determination Dates:
17 June in each year
(b) Resettable Rate Note Provisions:
Not Applicable
15 Floating Rate Note Provisions:
Applicable from, and including, the Optional
Redemption Date to, but excluding, the Maturity
Date (the "Floating Rate Interest Period"). The
Optional Redemption Date should be considered as
the Interest Commencement Date for the purpose of
the Floating Rate Note provisions

(i) Interest Period(s):
The period beginning on, and including, the Optional
Redemption Date and ending on, but excluding, the
First Interest Payment Date (as set out in (iii) below)
and each successive period commencing on, and
including, a Specified Interest Payment Date and
ending on, but excluding, the next succeeding
Specified Interest Payment Date, all such dates being
subject to adjustment in accordance with the
Business Day Convention set out in (v) below

(ii) Specified Interest Payment Dates:
17 September 2025, 17 December 2025, 17 March
2026 and 17 June 2026, all such dates being subject
to adjustment in accordance with the Business Day
Convention set out in (v) below

(iii) First Interest Payment Date:
17 September 2025, subject to adjustment in
accordance with the Business Day Convention set out
in (v) below.
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(iv) Interest Period Date:
Not Applicable

(v) Business Day Convention:
Modified Following Business Day Convention
(adjusted)

(vi) Business Centre:
Not Applicable

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

(viii) Party responsible for calculating the Not Applicable
Rate(s)
of
Interest
and
Interest
Amount(s) (if not the Calculation
Agent):

(ix) Screen Rate Determination:
Applicable

Reference Rate:
Three (3) month EURIBOR

Interest Determination Date(s):
11.00 a.m. (Brussels time), two (2) TARGET
Business Days prior to the first day of each Interest
Period

Relevant Screen Page:
Reuters EURIBOR01

(x) FBF Determination:
Not Applicable

(xi) ISDA Determination:
Not Applicable

(xii) Margin(s):
+ 0.880 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, adjusted
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:
Applicable
(i) Optional Redemption Date:
17 June 2025

(ii) Optional Redemption Amount of each
Note:
EUR 100,000 per Note of EUR 100,000 Specified
Denomination
(iii) If redeemable in part:
Not Applicable

Minimum Redemption Amount:
Not Applicable

Maximum Redemption Amount:
Not Applicable

(iv) Notice period (if other than as set out in
the Conditions):
In accordance with the Conditions
22 Noteholder Put Option:
Not Applicable
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23 Final Redemption Amount of each Note:
EUR 100,000 per Note of EUR 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
24 Early Redemption Amount:
In accordance with the Conditions
GENERAL PROVISIONS APPLICABLE TO THE NOTES
25 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
26 Financial
Centre(s)
or
other
special
provisions relating to payments dates:
Not Applicable
27 Talons for future Coupons to be attached to
Definitive Notes (and dates on which such
Talons mature):
Not Applicable
28 Redenomination,
renominalisation
and
reconventioning provisions:
Not Applicable
29 Masse (Condition 11):
Name and address of the Representative:

DIIS Group
12, rue Vivienne
75002 Paris
France
E-mail: [email protected]
Represented by Sylvain Thomazo

Name and address of the alternate Representative:
DIIS Group
12, rue Vivienne
75002 Paris
France
E-mail: [email protected]
Represented by Sandrine d'Haussy
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
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PURPOSE OF FINAL TERMS
These Final Terms comprise the final terms required for issue and admission to trading on Euronext Paris of
the Notes described herein pursuant to the 10,000,000,000 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:
Duly authorised

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PART B OTHER INFORMATION
1
LISTING AND ADMISSION TO TRADING

(i) Listing:
Euronext Paris

(ii) Admission to trading:
Application has been made for the Notes to be
admitted to trading on Euronext Paris with effect
from the Issue Date.

(iii) Estimate of total expenses related to
admission to trading:
EUR 5,075

(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 BBB by S&P Global Ratings Europe Limited, France Branch
("S&P") and BBB+ by Fitch Ratings Ireland Limited ("Fitch").

Each of S&P and Fitch is established in the European Union and is registered under Regulation (EC)
No 1060/2009 (as amended) (the "CRA Regulation"). Each of S&P and Fitch 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/supervision/credit-rating-agencies/risk) in accordance with
the CRA Regulation.

Euro equivalent:
Not Applicable
3
NOTIFICATION

Not Applicable

4
INTERESTS OF NATURAL AND LEGAL PERSONS INVOLVED IN THE ISSUE

Save as discussed in "Subscription and Sale" in the Base Prospectus and save for any fees payable to
the Joint Lead Managers in connection with the issue of Notes, so far as the Issuer is aware, no person
involved in the offer of the Notes has an interest material to the offer.
5
REASONS FOR THE OFFER AND ESTIMATED NET PROCEEDS

(i) Reasons for the offer:
The net proceeds will be used for the Issuer's
general corporate purposes.

(ii) Estimated net proceeds:
EUR 743,782,500

(iii) Estimated total expenses:
Not Applicable
6
FIXED RATE NOTES ONLY - YIELD

Indication of yield:
0.618 per cent. per annum up to the Optional
Redemption Date (excluded)
7
FLOATING RATE NOTES ONLY PERFORMANCE OF RATES

Details of performance of EURIBOR rates can be obtained from, free of charge, Reuters.
8
BENCHMARK

Amounts payable under the Notes will, from and including the Optional Redemption Date to but
excluding the Maturity Date, be calculated by reference EURIBOR which is provided by 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) 2016/2011) (the "Benchmark Regulation").
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9
DISTRIBUTION

(i) Method of distribution:
Syndicated

(ii) If syndicated, names of Managers:
Joint Lead Managers
BNP PARIBAS
Citigroup Global Markets Limited
Commerzbank Aktiengesellschaft
La Banque Postale
UBS Europe SE
UniCredit Bank AG

(iii) Stabilising Manager (if any):
BNP PARIBAS

(iv) If non-syndicated, name of Dealer:
Not Applicable

(v) U.S. selling restrictions:
Regulation S Compliance Category 2; TEFRA
not applicable

(vi) Prohibition of Sales to EEA and UK Retail
Investors:
Applicable
10 OPERATIONAL INFORMATION

(i) ISIN:
FR0013518024

(ii) Common Code:
218967094

(iii) Any
clearing
system(s)
other
than
Euroclear
France
and
the
relevant
identification number(s):
Not Applicable

(iv) Delivery:
Delivery against payment

(v) Names and addresses of initial Paying
Agent(s):
Principal Paying Agent
BNP Paribas Securities Services
(affiliated with Euroclear France under number
29106)
9 rue du Débarcadère
93500 Pantin
France

(vi) Names and addresses of additional Paying
Agent(s) (if any):
Not Applicable

(vii) Name and address of the entities which
have a firm commitment to act as
intermediaries
in
secondary
trading,
providing liquidity through bid and offer
rates and description of the main terms of
their commitment:
Not Applicable

(viii) Name and address of Calculation Agent:
BNP Paribas Securities Services
9 rue du Débarcadère
93500 Pantin
France

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