Obligation La Poste Banque 5.625% ( FR001400CR01 ) en GBP

La Poste Banque

97.9 % ▲

France

FR001400CR01 ( en GBP )

5.625% par an ( paiement annuel )

21/09/2028

Prospectus brochure de l'obligation La Banque Postale FR001400CR01 en GBP 5.625%, échéance 21/09/2028

100 000 GBP

425 000 000 GBP

21/09/2025 ( Dans 127 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 GBP, avec le code ISIN FR001400CR01, paye un coupon de 5.625% par an.
Le paiement des coupons est annuel et la maturité de l'Obligation est le 21/09/2028

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 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 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 domestic law by virtue of the EUWA. Consequently, no key information
document required by Regulation (EU) No 1286/2014 as it forms part of 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.
UK MiFIR product governance / Professional investors and ECPs only target market Solely for the
purposes of the 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 domestic law by virtue of the EUWA
("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 manufacturer's 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 manufacturer's target market assessment) and determining appropriate
distribution channels.

Final Terms dated 19 September 2022

La Banque Postale
Legal entity identifier (LEI): 96950066U5XAAIRCPA78
Issue of GBP 425,000,000 Callable Resettable Senior Non Preferred Notes due September 2028
under the
20,000,000,000 Euro Medium Term Note Programme
of La Banque Postale

SERIES NO: 132
TRANCHE NO: 1

Joint Lead Managers

Goldman Sachs Bank Europe SE
NatWest Markets N.V.
Santander Corporate & Investment Banking

PART 1 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 11 April 2022 which received approval number no. 22-094 from
the Autorité des marchés financiers (the "AMF") on 11 April 2022 and the first supplement to the Base
Prospectus dated 22 August 2022 which received approval number no. 22-356 from the AMF on 22 August
2022, 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 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:
132
(ii) Tranche Number:
1
3
Specified Currency or Currencies:
Pounds Sterling ("GBP")
4
Aggregate Principal Amount of Notes
admitted to trading:

(i) Series: GBP
425,000,000
(ii) Tranche: GBP
425,000,000
5
Issue Price:
99.538 per cent. of the Aggregate Principal Amount
6
Specified Denomination(s):
GBP 100,000
7
(i) Issue Date:
21 September 2022
(ii) Interest Commencement Date:
Issue Date
8
Maturity Date:
21 September 2028
9
Interest Basis/Rate of Interest:
5.625 per cent. Resettable Rate
(further particulars specified below)
10 Redemption/Payment Basis:
Redemption at par
11 Change of Interest or Redemption/Payment Not Applicable
Basis:

12 Put/Call Options:
Issuer Call
(further particulars specified below)
13 (i) Status of the Notes:
Senior Non Preferred
(ii) Date of corporate authorisations for the Decision of François Géronde in his capacity as
issuance of Notes obtained:
Directeur Financier of the Issuer dated 13
September 2022 deciding the issue of the Notes.
PROVISIONS RELATING TO INTEREST (IF ANY) PAYABLE
14 Fixed Rate Note and Resettable Note
Provisions
Applicable
(a) Fixed Rate Note Provisions:
Not Applicable
3

(b) Resettable Note Provisions:
Applicable
(i) Initial Rate of Interest:
5.625 per cent. per annum payable annually in arrear
(ii) First Margin:
+ 2.600 per cent. per annum
(iii) Subsequent Margin:
Not Applicable
(iv) Resettable Note Interest Payment 21 September in each year commencing on (and
Date(s):
including) 21 September 2023 and ending on (and
including) 21 September 2028
(v) First Resettable Note Reset Date:
21 September 2027
(vi) Second Resettable Note Reset Date:
Not Applicable
(vii) Day Count Fraction (Condition Actual/Actual-ICMA
5(a)):
(viii) Determination Date(s):
21 September in each year
(ix) Business Centre(s):
London, TARGET2, Paris
(x) Relevant Screen Page:
Not Applicable
(xi) Subsequent Resettable Note Reset Not Applicable
Dates:
(xii) Reset Rate:
Reference Bond Rate
(xiii) Mid-Swap Rate:
Not Applicable
(xiv) Mid-Swap Maturity:
Not Applicable
(xv) Mid-Swap Floating Leg Benchmark Not Applicable
Rate:
(xvi) Reference Bond:
1 year UK Benchmark Gilt determined on the First
Resettable Note Reset Date in accordance with
Condition 5(b)(ii)
(xvii) Reference Bond Rate Screen Page: Not Applicable
(xviii) Minimum Rate of Interest:
0.000 per cent. per annum
(xix) Maximum Rate of Interest:
Not Applicable
(xx) 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
PROVISIONS RELATING TO REDEMPTION
21 Issuer Call Option:
Applicable
(i) Optional Redemption Date:
21 September 2027
4

(ii) Optional Redemption Amount of each GBP 100,000 per Note of GBP 100,000 Specified
Note:
Denomination
(iii) If redeemable in part:
Not Applicable
(a)
Minimum
Redemption
Amount:
Not
Applicable
(b)
Maximum
Redemption
Amount:
Not
Applicable
(iv) Notice period (if other than as set out in In accordance with the Conditions
the Conditions):
22 Noteholder Put Option:
Not Applicable
23 Final Redemption Amount of each Note:
GBP 100,000 per Note of GBP 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:
London, TARGET2, Paris
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:
5

MCM AVOCAT
10, rue de Sèze
75009 Paris
France
represented by Maître Antoine Lachenaud
Partner at MCM Avocat law firm

Name and address of the alternate Representative:
M. Philippe Maisonneuve
Partner at MCM Avocat law firm
10, rue de Sèze
75009 Paris
France

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 20,000,000,000 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: DOMINIQUE HECKEL
Duly authorised

6

PART 2 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 5,525
(iv) Additional publication of Base Prospectus
and Final Terms:
Not Applicable
2
RATINGS
AND EURO EQUIVALENT

Ratings:
The Notes to be issued are expected to be rated BBB- by S&P Global Ratings Europe Limited
("S&P"), Baa2 by Moody's France SAS ("Moody's") and A by Fitch Ratings Ireland Limited
("Fitch").

Each of S&P, Fitch and Moody's is established in the European Union and is registered under
Regulation (EC) No 1060/2009 (as amended) (the "CRA Regulation"). Each of S&P, Fitch and
Moody's 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.
S&P, Fitch and Moody's are not established in the United Kingdom and are not registered under
Regulation (EU) N° 1060/2009 as it forms part of domestic law by virtue of the EUWA (the "UK
CRA Regulation"). The ratings of the Notes issued by S&P, Fitch and Moody's are endorsed
respectively by S&P Global Ratings UK Limited, Fitch Ratings Limited and Moody's Investors
Service Limited, in accordance with the UK CRA Regulation and have not been withdrawn. As such,
the ratings issued by S&P, Fitch and Moody's may be used for regulatory purposes in the United
Kingdom in accordance with the UK 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 minus sign shows the
relative standing within the rating category.
According to Fitch's definitions, `A' ratings denote expectations of low default risk. The capacity for
payment of financial commitments is considered strong. This capacity may, nevertheless, be more
vulnerable to adverse business or economic conditions than is the case for higher ratings.
According to Moody's definitions, an obligation rated `Baa2' is subject to moderate credit risk. Such
obligations are considered medium-grade and as such may possess speculative characteristics. The
modifier `2' indicates a mid-range ranking in the generic rating category `Baa'.

Euro equivalent:
Euro 489,462,167.45
The aggregate principal amount of Notes issued
has been converted into Euro at the rate of GBP
0.8683 per Euro.
3
NOTIFICATION

Not
Applicable

7

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 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:
GBP 421,974,000
(iii) Estimated total expenses:
Not Applicable
6
YIELD
Indication
of
yield:
5.734
per
cent.
per annum up to the Optional
Redemption Date (excluded)
7
PERFORMANCE OF RATES

Not Applicable
8
BENCHMARK
Not Applicable
9
DISTRIBUTION

(i) Method of distribution:
Syndicated
(ii) If syndicated, names of Managers:
Joint Lead Managers
Banco Santander, S.A.
Goldman Sachs Bank Europe SE
NatWest Markets N.V.
(iii) Stabilising Manager (if any):
NatWest Markets N.V.
(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 Sales to UK Retail Investors: Applicable
10 OPERATIONAL INFORMATION

(i) ISIN: FR001400CR01
(ii) Common Code:
253528036
(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
30)
9 rue du Débarcadère
8

93500 Pantin
France

BNP Paribas Securities Services,
Luxembourg Branch
(affilié à Euroclear France sous le numéro
29106)
Corporate Trust Services
60, avenue J.F. Kennedy
L-1855 Luxembourg
Adresse postale :
L-2085 Luxembourg
(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
Les Grands Moulins de Pantin
9 rue du Débarcadère
93500 Pantin
France

9