Obligation La Poste Banque 0.75% ( FR0014001R34 ) en EUR

La Poste Banque

100 % ▲

France

FR0014001R34 ( en EUR )

0.75% par an ( paiement annuel )

02/08/2032

Prospectus brochure de l'obligation La Banque Postale FR0014001R34 en EUR 0.75%, échéance 02/08/2032

100 000 EUR

1 000 000 000 EUR

02/08/2025 ( Dans 77 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 FR0014001R34, paye un coupon de 0.75% par an.
Le paiement des coupons est annuel et la maturité de l'Obligation est le 02/08/2032

PROHIBITION OF SALES TO EEA 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"). 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 has been prepared and therefore offering or selling the Notes or otherwise making them available
to any retail investor in the EEA may be unlawful under the PRIIPs Regulation.
PROHIBITION OF SALES TO 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 United Kingdom ("UK"). For these purposes, a retail investor means a person who is one (or more) of:
(i) a retail client, as defined in point (8) of Article 2 of Regulation (EU) No 2017/565 as it forms part of UK
domestic law by virtue of the European Union (Withdrawal) Act 2018 ("EUWA"); or (ii) a customer within the
meaning of the provisions of the Financial Services and Markets Act 2000, as amended (the "FSMA") and any
rules or regulations made under the FSMA to implement Directive (EU) 2016/97, where that customer would
not qualify as a professional client, as defined in point (8) of Article 2(1) of Regulation (EU) No 600/2014 as it
forms part of UK domestic law by virtue of the EUWA; or (iii) not a qualified investor as defined in Article 2
of Regulation (EU) 2017/1129 as it forms part of UK domestic law by virtue of the EUWA. Consequently, no
key information document required by Regulation (EU) No 1286/2014 as it forms part of UK domestic law by
virtue of the EUWA (the "UK PRIIPs Regulation") for offering or selling the Notes or otherwise making them
available to retail investors in the UK has been prepared and therefore offering or selling the Notes or otherwise
making them available to any retail investor in the UK may be unlawful under the UK 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 29 January 2021

La Banque Postale
Legal entity identifier (LEI): 96950066U5XAAIRCPA78
Issue of EUR 500,000,000 Callable Resettable Tier 2 Subordinated Notes due August 2032
under the
10,000,000,000 Euro Medium Term Note Programme
of La Banque Postale

SERIES NO: 109
TRANCHE NO: 1

Joint Lead Managers

Barclays
Commerzbank
La Banque Postale
Morgan Stanley
Société Générale Corporate & Investment Banking

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, the first supplement to the Base Prospectus
dated 29 April 2020 which received approval number 20-164 from the AMF on 29 April 2020, the second
supplement to the Base Prospectus dated 20 August 2020 which received approval number 20-426 from the
AMF on 20 August 2020, the third supplement to the Base Prospectus dated 28 September 2020 which received
approval number 20-481 from the AMF on 28 September 2020, the fourth supplement to the Base Prospectus
dated 17 December 2020 which received approval number 20-604 from the AMF on 17 December 2020 and
the fifth supplement to the Base Prospectus dated 25 January 2021 which received approval number 21-021
from the AMF on 25 January 2021, 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 supplements 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:
109
(ii) Tranche Number:
1
3
Specified Currency or Currencies:
Euro ("EUR")
4
Aggregate Principal Amount of Notes
admitted to trading:

(i)
Series:
EUR 500,000,000
(ii) Tranche:
EUR 500,000,000
5
Issue Price:
99.390 per cent. of the Aggregate Principal Amount
6
Specified Denomination(s):
EUR 100,000
7
(i)
Issue Date:
02 February 2021
(ii) Interest Commencement Date:
Issue Date
8
Maturity Date:
02 August 2032
9
Interest Basis/Rate of Interest:
0.750 per cent. Resettable Rate
(further particulars specified below)
10 Redemption/Payment Basis:
Redemption at par
11 Change of Interest or Redemption/Payment
Basis:
Not Applicable
12 Put/Call Options:
Issuer Call
(further particulars specified below)
13 (i) Status of the Notes:
Subordinated
(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 26 January 2021
deciding the issue of the Notes.
3

PROVISIONS RELATING TO INTEREST (IF ANY) PAYABLE
14 Fixed Rate Note and Resettable Rate Note
Provisions
Applicable
(a) Fixed Rate Note Provisions:
Not Applicable
(b) Resettable Rate Note Provisions:
Applicable
(i)
Initial Rate of Interest:
0.750 per cent. per annum payable annually in arrear.
There will be a first short coupon with respect to the
period from the Issue Date (included) until the first
Resettable Note Interest Payment Date (excluded)
which amounts to EUR 371.91781 per EUR 100,000
in Aggregate Principal Amount payable on the
Resettable Note Interest Payment Date falling on 02
August 2021.
(ii) First Margin:
+ 1.23 per cent. per annum
(iii) Subsequent Margin:
Not Applicable
(iv) Resettable Note Interest Payment Dates: 02 August in each year commencing on 02 August
2021 and ending on 02 August 2032
(v) First Resettable Note Reset Date:
02 August 2027
(vi) Second Resettable Note Reset Date:
Not Applicable
(vii) Day Count Fraction (Condition 5(a)):
Actual/Actual-ICMA, unadjusted
(viii) Determination Dates:
02 August in each year
(ix) Business Centre(s):
Not Applicable
(x) Relevant Screen Page:
Bloomberg screen page "EUAMDB05 Index"
(xi) Subsequent Resettable Note Reset
Dates:
Not Applicable
(xii) Mid-Swap Rate:
Single Mid-Swap Rate
(xiii) Mid-Swap Maturity:
5 years
(xiv) Minimum Rate of Interest:
0.00 per cent. per annum
(xv) Maximum Rate of Interest:
Not Applicable
(xvi) Party responsible for calculating the Not Applicable
Rate(s) of Interest and Interest
Amount(s) (if not the Calculation
Agent):
15 Floating Rate Note Provisions:
Not applicable
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
4

PROVISIONS RELATING TO REDEMPTION
21 Issuer Call Option:
Applicable
(i)
Optional Redemption Date:
Any day falling in the period commencing on (and
including) 03 May 2027 and ending on (and
including) the First Resettable Note Reset Date.

(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
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

5

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.
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

6

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 8,900

(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 ("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.
According to S&P's definitions, an obligation rated 'BBB' exhibits adequate protection parameters.
However, adverse economic conditions or changing circumstances are more likely to weaken the
obligor's capacity to meet its financial commitments on the obligation. The addition of a plus (+) or
minus (-) sign shows relative standing within the rating categories.
According to Fitch's definitions, `BBB' ratings indicate that expectations of default risk are
currently low. The capacity for payment of financial commitments is considered adequate,
but adverse business or economic conditions are more likely to impair this capacity.

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 495,075,000

(iii) Estimated total expenses:
Not Applicable
6
RESETTABLE NOTES - YIELD

Indication of yield:
0.847 per cent. per annum from the Issue Date up
to the First Resettable Note Reset Date (excluded)
7

7
BENCHMARK

Amounts payable under the Notes will, from and including the First Resettable Note Reset Date to
but excluding the Maturity Date, be calculated by reference to the mid-swap rate for euro swaps with
a term of 5 years which is provided by ICE Benchmark Administration Limited. As at the date of
these Final Terms, ICE Benchmark Administration Limited does not appear 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"). As far as the Issuer is aware, the transitional provisions in Article 51 of
the Benchmark Regulation apply, such that ICE Benchmark Administration Limited is not currently
required to obtain authorisation or registration (or, if located outside the European Union, recognition,
endorsement or equivalence). As at the date of these Final Terms, ICE Benchmark Administration
Limited appears on the register of administrators and benchmarks established and maintained by the
Financial Conduct Authority in the United Kingdom.
8
DISTRIBUTION

(i)
Method of distribution:
Syndicated

(ii) If syndicated, names of Managers:
Joint Lead Managers
Barclays Bank Ireland PLC
Commerzbank Aktiengesellschaft
La Banque Postale
Morgan Stanley Europe SE
Société Générale

(iii) Stabilising Manager (if any):
Société Générale

(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 Retail
Investors:
Applicable

(vii) Prohibition of Sale to UK Retail Investors:
Applicable
9
OPERATIONAL INFORMATION

(i)
ISIN:
FR0014001R34

(ii) Common Code:
229436929

(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 Principal Paying Agent
Agent(s):
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
8

(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

9