Obligation Crédit Agricole SA 3% ( FR0014001JQ9 ) en AUD

Crédit Agricole SA

100 % ⇌

France

FR0014001JQ9 ( en AUD )

3% par an ( paiement annuel )

19/01/2041

Prospectus brochure de l'obligation Crédit Agricole FR0014001JQ9 en AUD 3%, échéance 19/01/2041

200 000 AUD

100 000 000 AUD

19/01/2026 ( Dans 76 jours )

Crédit Agricole est un groupe bancaire coopératif français, présent à l'international, structuré autour de caisses régionales et proposant une large gamme de services financiers.

L'Obligation émise par Crédit Agricole SA ( France ) , en AUD, avec le code ISIN FR0014001JQ9, paye un coupon de 3% par an.
Le paiement des coupons est annuel et la maturité de l'Obligation est le 19/01/2041

MIFID I 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 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.
UK MIFIR 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 (in accordance with the FCA's policy statement entitled
"Brexit our approach to EU non-legislative materials"), has led to the conclusion that: (i) the target
market for the Notes is only eligible counterparties, as defined in the FCA Handbook Conduct of
Business Sourcebook ("COBS"), and professional clients, as defined in Regulation (EU) No
600/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018
("UK MiFIR"); 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 the FCA Handbook Product Intervention and Product Governance
Sourcebook (the "UK MiFIR Product Governance Rules") 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 January 2021

Crédit Agricole S.A.
Legal Entity Identifier (LEI) of the Issuer is 969500TJ5KRTCJQWXH05

Euro 80,000,000,000
Euro Medium Term Note Programme

Series No.: 596
Tranche No: 1
Issue of AUD 100,000,000 Subordinated Fixed Rate Notes due 19 January 2041
(the "Notes")
Issued by: Crédit Agricole S.A. (the "Issuer")

Lead Manager and Sole Bookrunner
Crédit Agricole CIB

Any person making or intending to make an offer of the Notes may only do so in circumstances
in which no obligation arises for the Issuer or any Dealer to publish a prospectus pursuant to
Article 3 of the Prospectus Regulation or supplement a prospectus pursuant to Article 23 of
the Prospectus Regulation, in each case, in relation to such offer.
Neither the Issuer nor any Dealer has authorised, nor do they authorise, the making of any
offer of Notes in any other circumstances.
The expression "Prospectus Regulation" means Regulation (EU) 2017/1129.

A41782329
2

Part A -- Contractual Terms
Terms used herein shall be deemed to be defined as such for the purposes of the Conditions
set forth in "Terms and Conditions of the French Law Notes" in the base prospectus dated
9 April 2020 which has received approval no. 20-136 from the Autorité des marchés financiers
(the "AMF") on 9 April 2020 as supplemented by a Prospectus Supplement no. 1 dated 19
May 2020 which has been approved on 19 May 2020 under the approval number 20-204, a
Prospectus Supplement no. 2 dated 21 August 2020 which has been approved on 21 August
2020 under the approval number 20-428, a Prospectus Supplement no. 3 dated 30 November
2020 which has been approved on 30 November 2020 under the approval number 20-584, a
Prospectus Supplement no. 4 dated 14 December 2020 which has been approved on 14
December 2020 under the approval number 20-600, a Prospectus Supplement no. 5 dated 9
January 2021 which has been approved on 8 January 2021 under the approval number 21-
009 and a Prospectus Supplement no. 6 dated 12 January 2021 which has been approved on
12 January 2021 under the approval number 21-012 and which together constitute a base
prospectus for the purposes of the Prospectus Regulation (the "Base Prospectus"). This
document constitutes the Final Terms of the Notes described herein for the purposes of
Article 8 of the Prospectus Regulation and must be read in conjunction with the Base
Prospectus. 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. The Base Prospectus
is
available
for
viewing
on
the
website
of
the
Issuer
(https://www.credit-
agricole.com/finance/finance/dette/emissions-marche/credit-agricole-s.a.-emissions-
marche), on the website of the AMF (www.amf-france.org) and copies may be obtained from
Crédit Agricole S.A., 12, place des Etats-Unis, 92127 Montrouge Cedex, France.

A41782329
3

1.

Issuer:
Crédit Agricole S.A.
2.
(i)
Series Number:
596

(ii)
Tranche Number:
1

(iii)
Date on which the Notes
become fungible:
Not Applicable
3.
Specified Currency or Currencies:
Australian Dollar ("AUD")
4.
Aggregate Nominal Amount:

(i)
Series:
AUD 100,000,000

(ii)
Tranche:
AUD 100,000,000
5.
Issue Price:
100.00 per cent. of the Aggregate
Nominal Amount
6.
Specified Denomination:
AUD 200,000
7.
(i)
Issue Date:
19 January 2021

(ii)
Interest Commencement Date: Issue Date
8.
Maturity Date:
19 January 2041
9.
Interest Basis:
3.00 per cent. Fixed Rate
(further
particulars
specified
in
paragraph 15 below)
10.
Redemption Basis:
Subject
to
any
purchase
and
cancellation or early redemption, the
Notes will be redeemed on the Maturity
Date at 100.00 per cent. of their nominal
amount
11.

Change of Interest Basis:
Not Applicable
12.

Put/Call Options:
Issuer Call
(Further particulars specified in
paragraph 20 below)
13.

Status:
Subordinated Notes
14.
Dates of the corporate authorisations for
issuance of the Notes:
Resolution of the Board of Directors of
the Issuer dated 13 February 2020 and
the Final Terms which constitute the
décision d'émission
Provisions Relating to Interest (if any) Payable

15.

Fixed Rate Note:
Applicable

(i)
Rate of Interest:
3.00 per cent. per annum payable
annually in arrear on each Interest
Payment Date
A41782329
4

(ii)
Interest Payment Dates:
19 January in each year from (and
including) 19 January 2022 up to (and
including) the Maturity Date

(iii)
Fixed Coupon Amount:
AUD 6,000 per Specified Denomination
payable on each Interest Payment Date

(iv)
Broken Amount:
Not Applicable

(v)
Day Count Fraction:
30/360, Following Unadjusted

(vi)
Determination Dates:
Not applicable

(vii)
Resettable:
Not Applicable
16.

Floating Rate Note:
Not Applicable
17.

Zero Coupon Note:
Not Applicable
18.

CMS Linked Note:
Not Applicable
19.

Inflation Linked Notes:
Not Applicable
Provisions Relating to Redemption

20.

Redemption at the Option of the Issuer
(Call Option):
Not Applicable
21.

Clean-up Redemption Option:
Not Applicable
22.

Redemption
at
the
Option
of
Noteholders (Put Option):
Not Applicable
23.
(i)
MREL/TLAC
Disqualification
Event Call Option:
Applicable

(ii)
Early Redemption Amount:
Final Redemption Amount
24.

Final Redemption Amount of each Note: Subject
to
any
purchase
and
cancellation or early redemption, the
Notes will be redeemed on the Maturity
Date at 100.00 per cent. of their
outstanding principal amount
25.

Early Redemption Amount of each Note: AUD 200,000 per Note of AUD 200,000
Specified Denomination
26.
Make-Whole Redemption Amount:
Not Applicable
General Provisions Applicable to the Notes

27.
(i)
Form of Notes (Bearer Notes): Dematerialised Notes

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

(iii)
Registration Agent:
Not Applicable

(iv)
Temporary Global Certificate:
Not Applicable
28.

Exclusion of the possibility to request
identification of a Noteholder as
Provided by Condition 1(a):
Not Applicable
A41782329
5

29.

Financial Center:
Sydney
30.

Talons for future Coupons or Receipts
to be attached to Definitive Materialised
Bearer Notes (and dates on which such
Talons mature):
Not Applicable
31.

Details relating to Instalment Notes:
Not Applicable

(i)
Instalment Amount(s):
Not Applicable

(ii)
Instalment Date(s):
Not Applicable

(iii)
Minimum Instalment Amount:
Not Applicable

(iv)
Maximum Instalment Amount:
Not Applicable
32.

Applicable tax regime:
Condition 8(a) applies
33.

Representation of holders of French
Law Notes Masse:
Contractual Masse shall apply
Primary Appointed Representative: as
per the Conditions F&S Financial
Services, 8, rue du Mont Thabor, 75001
Paris, France
Alternate Appointed Representative: as
per the Conditions Aether Financial
Services, 36, rue de Monceau, 75008
Paris, France
Remuneration: as per the Conditions
the remuneration of the Primary
Appointed Representative or, as the
case may be, the Alternate Appointed
Representative, will be equal to
EUR 400 per year (excluding taxes),
payable as per the Conditions.
Responsibility
I hereby accept responsibility for the information contained in these Final Terms.
Signed on behalf of the Issuer on 15 January 2021

Duly represented by: Aurélien Harff

A41782329
6

PART B OTHER INFORMATION

1. LISTING AND ADMISSION TO TRADING
(i)
Listing:
Application has been made for the Notes to be admitted
to trading on Euronext Paris with effect from 19 January
2021.
(ii)
Estimate
of
total
expenses
related
to
admission to trading:
EUR 13,300.00 (without tax)
2. RATINGS

The Notes to be issued have been rated:
Standard & Poor's: BBB+
Moody's: Baa1
Fitch: A-
Standard & Poor's, Moody's and Fitch are established in
the European Union or in the United Kingdom and are
registered under Regulation (EC) No. 1060/2009
(the "CRA Regulation") or under the CRA Regulation as
it forms part of UK domestic law by virtue of the European
Union (Withdrawal) Act 2018 (the "EUWA"). As such,
Standard & Poor's, Moody's and Fitch are included in the
list of credit rating agencies published by the European
Securities and Market Authority on its website in
accordance
with
the
CRA
Regulation
(www.esma.europa.eu/supervision/credit-rating-
agencies/risk).
3. INTERESTS OF NATURAL AND LEGAL PERSONS INVOLVED IN THE ISSUE
Save as discussed in "Subscription and Sale" in the Base Prospectus, so far as the Issuer is
aware, no person involved in the issue of the Notes has an interest material to the issue.
4. REASONS FOR THE OFFER AND ESTIMATED NET PROCEEDS
(i)
Reasons for the offer:
The net proceeds wil be used for the Issuer's general
funding requirements
(ii)
Estimated net proceeds:
AUD 99,800,000
5. YIELD
Indication of yield:
3.00 per cent. per annum
A41782329
7

The yield in respect of this issue of Notes is
calculated on the basis of the Issue Price using the
following formula:
P=
C (1-(1+r)-n) + A(1+r)-n

r

where:
P
is the Issue Price of the Notes;
C
is the Interest Amount;
A
is the outstanding principal amount of Notes due
on redemption;
n
is time maturity in years; and
r
is the yield.

As set out above, the yield is calculated at the Issue Date
on the basis of the Issue Price. It is not an indication of
future yield.
6. OPERATIONAL INFORMATION
(i)
ISIN:
FR0014001JQ9
(ii)
Common Code:
228895318
(iii)
Any clearing system(s)
other than Euroclear Bank
SA/NV and Clearstream
Banking Société Anonyme
and
the
relevant
identification number(s):
Euroclear France
(iv)
Delivery:
Delivery against payment
(v)
Names and addresses of
Paying Agent(s) (including
any
additional
Paying
Agent(s)):
CACEIS Corporate Trust
14, rue Rouget de Lisle
92682 Issy Les Moulineaux
Cedex 9 France
7. DISTRIBUTION
1. Method of distribution:
Non-syndicated
2. If syndicated,

A41782329
8

(i)
Names of Managers
(specifying
Lead
Manager):
Not Applicable
(ii)
Date of Subscription Not Applicable
Agreement (if any):
(iii)
Stabilisation

Manager(s) (if any):
Not Applicable
3. If non-syndicated, name of
Dealer:
Crédit Agricole Corporate and Investment Bank
4. Intermediary(ies) in secondary
trading:
Not Applicable
5. U.S. Selling Restrictions:
Reg. S Compliance Category 2; TEFRA Not Applicable
6. Prohibition of Sales to EEA
Retail Investors under the
PRIIPs Regulation:
Not Applicable

Prohibition of Sales to UK
Retail investors under the UK
PRIIPs Regulation:
Not Applicable
7. Additional Selling Restrictions: Not Applicable
8. Specific Consent:
Not Applicable
9. General Consent:
Not Applicable

A41782329
9