Obligation BPCe 6.74129% ( FR0013524840 ) en USD

BPCe

100 % ⇌

France

FR0013524840 ( en USD )

6.74129% par an ( paiement semestriel )

22/07/2030 - Obligation échue

Prospectus brochure de l'obligation BPCE FR0013524840 en USD 6.74129%, échue

1 000 000 USD

30 000 000 USD

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 USD, avec le code ISIN FR0013524840, paye un coupon de 6.74129% par an.
Le paiement des coupons est semestriel et la maturité de l'Obligation est le 22/07/2030

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.

Final Terms dated 20 July 2020

BPCE
Legal Entity Identifier (LEI): 9695005MSX1OYEMGDF46
Euro 40,000,000,000
Euro Medium Term Note Programme
for the issue of Notes

SERIES NO: 2020-27
TRANCHE NO: 1
USD 30,000,000 Floating Rate Notes due 22 July 2030
(the "Notes")
Issue Price: 100.00 per cent.

Dealer
Mizuho International plc

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"), the first supplement
to the Base Prospectus dated 18 February 2020 which received approval number n°20-044 from the AMF, the
second supplement to the Base Prospectus dated 3 April 2020 which received approval number n°20-116 from the
AMF, the third supplement to the Base Prospectus dated 24 April 2020 which received approval number n°20-156
from the AMF and the fourth supplement to the Base Prospectus dated 3 June 2020 which received approval
number n°20-236 from the AMF (together, the "Supplements") which together constitute a base prospectus for
the purposes of the Regulation (EU) 2017/1129 (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:
2020-27

(ii) Tranche Number:
1
3
Specified Currency or Currencies:
United States Dollars ("USD")
4
Aggregate Nominal Amount:

(i) Series:
USD 30,000,000

(ii) Tranche:
USD 30,000,000
5
Issue Price:
100 per cent. of the Aggregate Nominal Amount
6
Specified Denomination(s):
USD 1,000,000
7
(i) Issue Date:
22 July 2020

(ii) Interest Commencement Date:
Issue Date
8
Interest Basis:
3 month USD LIBOR +1.13 per cent. Floating
Rate
(further particulars specified below)
9
Maturity Date:
Interest Payment Date falling in or nearest to 22 July
2030
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 24
for issuance of Notes obtained:
March 2020 and of Mr. Roland CHARBONNEL,
Director of Group Funding and Investor Relations
Department, dated 10 July 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 Specified 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:
22 January, 22 April, 22 July and 22 October 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 22 October 2020

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

(v) Interest Period Date:
Not Applicable

(vi) Business Centre(s):
London, New York 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 USD LIBOR

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

Relevant Screen Page:
Reuters Screen LIBOR01 Page

Relevant Screen Page
11:00am London time
Time

(x) FBF Determination
Not Applicable

(xi) ISDA Determination:
Not Applicable

(xii)
Margin :
+1.13 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)

Zero Coupon Note Provisions
Not Applicable

16 Inflation Linked Interest Note Provisions
Not Applicable
PROVISIONS RELATING TO REDEMPTION
17 Call Option
Not Applicable
18 Put Option
Not Applicable
19 MREL/TLAC Disqualification Event Call
Applicable
Option:
20 Final Redemption Amount of each Note
USD 1,000,000 per Note of USD 1,000,000
Specified Denomination

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

(i) Early Redemption Amount(s) of each USD 1,000,000 per Note of USD 1,000,000
Senior Note payable on redemption Specified Denomination
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)):

(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
23 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
24 Financial Centre(s):
London, New York and TARGET
25 Talons for future Coupons or Receipts to
Not Applicable
be attached to Definitive Notes (and dates
on which such Talons mature):
26 Details relating to Instalment Notes:
Not Applicable
amount of each instalment, date on which
each payment is to be made:
27 Redenomination provisions:
Not Applicable
28 Purchase in accordance with applicable
Applicable
French laws and regulations:

29 Consolidation provisions:
Not Applicable
30 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 are outstanding.

RESPONSIBILITY
The Issuer accepts responsibility for the information contained in these Final Terms
Signed on behalf of BPCE
Duly represented by:
Roland CHARBONNEL, Director of Group Funding and Investor Relations Department

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 to EUR 6,475
admission to trading:
2 RATINGS

Ratings:
Not Applicable
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 NET PROCEEDS
Estimated net proceeds:
USD 29,970,000.00

5 OPERATIONAL INFORMATION

ISIN:
FR0013524840

Common Code:
001352484

Depositaries:

(i) Euroclear France to act as Central Yes
Depositary:

(ii) Common Depositary for Euroclear and No
Clearstream:

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

Delivery:
Delivery free of payment

Names and addresses of additional Paying
Not Applicable
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 any:
Not Applicable

(iii) If non-syndicated, name and address of Mizuho International plc
Dealer:
Mizuho House
30 Old Bailey
London EC4M 7AU
United Kingdom

(iv) Prohibition of Sales to EEA Retail Not Applicable
Investors:

(v) US Selling Restrictions
Reg. S Compliance Category 2 applies to the Notes;
(Categories of potential investors to TEFRA not applicable

which the Notes are offered):