Obligation Crédit Agricole 0% ( FR001400HNS9 ) en EUR

Crédit Agricole

100 % ▲

France

FR001400HNS9 ( en EUR )

28/09/2025

Prospectus brochure de l'obligation Crédit Agricole FR001400HNS9 en EUR 0%, échéance 28/09/2025

L'Obligation émise par Crédit Agricole ( France ) , en EUR, avec le code ISIN FR001400HNS9, paye un coupon de 0% par an.
Le paiement des coupons est annuel et la maturité de l'Obligation est le 28/09/2025

DocuSign Envelope ID: F059C73E-6F69-4EDF-AF84-C290777BBA60
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 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 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 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
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.

DocuSign Envelope ID: F059C73E-6F69-4EDF-AF84-C290777BBA60

Final Terms dated 26 April 2023

Crédit Agricole S.A.
Legal Entity Identifier (LEI): 969500TJ5KRTCJQWXH05

Euro Medium Term Note Programme
Series No: 667
Tranche No: 1
Issue of EUR 21,000,000 Senior Preferred Floating Rate Notes due 28
September 2025 (the "Notes")
Issued by: Crédit Agricole S.A. (the "Issuer")

Sole Bookrunner and Lead Manager
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 the 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 the 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) No 2017/1129, as
amended.

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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 Notes" in the base prospectus dated 6 April 2023
which has received approval no. 23-102 from the Autorité des marchés financiers (the "AMF")
on 6 April 2023 which constitutes 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-et-notations/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 États-Unis, 92127 Montrouge
Cedex, France.

1.

Issuer:
Crédit Agricole S.A.
2.
(i)
Series
Number:
667
(ii)
Tranche
Number:
1

(iii)
Date on which the Notes

become fungible:
Not Applicable
3.
Specified Currency or Currencies:
Euro ("EUR")
4.
Aggregate Nominal Amount:

(i) Series:
EUR 21,000,000
(ii)
Tranche:
EUR
21,000,000
5.
Issue Price:
101.102% of the Aggregate Nominal Amount
6.
Specified
Denomination:
EUR
100,000
7.
(i)
Issue
Date:
28
April
2023
(ii) Interest
Commencement

Date:
Issue Date
8.
Maturity Date:
The Interest Payment Date falling in or nearest
to 28 September 2025
9.
Interest Basis:
STR Compound with Observation Shift Index
+ 1.00 per cent. per annum Floating Rate
(further particulars specified in paragraph 16
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.

Noteholder Put/Issuer Call:
Not Applicable
13.

Status:
Senior Preferred Notes
14.
Dates of the corporate authorisations

for issuance of the Notes:
Resolution of the Board of Directors of the
Issuer dated 8 February 2023 and the Final
Terms dated 26 April 2023 which constitute the
décision d'émission
Provisions Relating to Interest (if any) Payable

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DocuSign Envelope ID: F059C73E-6F69-4EDF-AF84-C290777BBA60

15.

Fixed Rate Note:
Not Applicable
16.

Floating Rate Note:
Applicable

(i) Interest Period(s):
Each period from (and including) an Interest
Payment Date to (but excluding) the next
subsequent Interest Payment Date, save for the
first Interest Period which shall be the period
from (and including) the Interest
Commencement Date to (but excluding) the
First Interest Payment Date

(ii) Interest Payment Dates:
28 June, 28 September, 28 December and 28
March of each year from (and including) the
First Interest Payment Date to (and including)
the Maturity Date, subject to adjustment in
accordance with the Business Day Convention
specified in (v) below

(iii) First Interest Payment Date:
28 June 2023

(iv) Interest Period Date:
Not Applicable

(v) Business Day Convention:
Modified Following Business Day Convention
(vi)
Business
Center(s):
T2

(vii) Manner in which the Rate(s) of
Screen Rate Determination
Interest is/are to be determined:
(viii)
Party
responsible for calculating
Not Applicable
the Rate(s) of Interest and
Interest Amount(s) (if not the
Calculation Agent):
(ix)
Screen
Rate
Determination: Applicable

Reference Rate:
Compounded Daily STR Index

Benchmark:
Not
Applicable

Relevant
Inter-Bank
Market: Euro-Zone

Relevant Screen Page:
ESTRON Index

Relevant Screen Page Time:
9 :00 am (Frankfurt time)

Interest
Determination
Date: The
day falling five (5) TARGET Business Days
prior to the first day in each Interest Accrual
Period

Observation Shift Days:
Five TARGET Business Days

(x) ISDA Determination:
Not Applicable

(xi) FBF Determination:
Not Applicable

(xii) Linear Interpolation:
Not Applicable

(xiii) Margin(s):
+ 1.00 per cent per annum

(xiv) Minimum Rate of Interest:
0.00 per cent. Condition 5(i) shall apply

(xv) Maximum Rate of Interest:
Not Applicable. Condition 5(i) shall apply

(xvi) Day Count Fraction:
Actual/360, adjusted
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 Not Applicable
(Issuer Call):
21.

Clean-up Redemption Option:
Applicable

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DocuSign Envelope ID: F059C73E-6F69-4EDF-AF84-C290777BBA60

(i) Clean-up
Percentage:
75 per cent.

(ii) Notice
Period:
As per Conditions

(iii) Optional
Redemption
EUR 100,000 per Note of EUR 100,000
Amount(s) of each Note and Specified Denomination
method, if any, of calculation
of such amount(s):

22.

Redemption at the Option of

Noteholders (Noteholder Put):
Not Applicable
23.
MREL/TLAC Disqualification Event Call

Option:
Not Applicable
24.

Final Redemption Amount of each
Subject to any purchase and cancellation or
Note:
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
EUR 100,000 per Note of EUR 100,000
Note:
Specified Denomination
26.
Make-Whole Redemption Amount:
Not Applicable
27.
Events of Default:
Not Applicable
General Provisions Applicable to the Notes

28.
(i)
Form of Notes (Bearer
Dematerialised Notes
Notes):

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

(iii) Registration
Agent:
Not Applicable

(iv) Calculation
Agent(s)
(if
not
Not Applicable
the Fiscal Agent)

(v) Temporary
Global
Not Applicable
Certificate:
29.

Exclusion of the possibility to request
Not Applicable
identification of a Noteholder as
Provided by Condition 1(a):
30.

Financial Center:
T2
31.

Talons for future Coupons or Receipts

to be attached to Definitive

Materialised Bearer Notes (and dates
Not Applicable
on which such Talons mature):
32.

Details relating to Instalment Notes:
Not Applicable
33.

Applicable tax regime:
Condition 9(a) applies
34.

Representation of holders of French
Contractual Masse shall apply
Law Notes Masse:

Primary Appointed Representative: as per the
Conditions F&S Financial Services, 13, rue
Oudinot, 75007 Paris, France
Alternate Appointed Representative: as per the
Conditions Aether Financial Services, 36, rue
de Monceau, 75008 Paris, France
The Primary Appointed Representative or, as
the case may be, the Alternate Appointed
Representative, will receive a remuneration of

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DocuSign Envelope ID: F059C73E-6F69-4EDF-AF84-C290777BBA60

EUR 300 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 26 April 2023

Duly represented by: Laurent Côte

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DocuSign Envelope ID: F059C73E-6F69-4EDF-AF84-C290777BBA60

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 28 April 2023
(ii) Estimate of total expenses related to
EUR 2,600 (without tax)

admission to trading:

2. RATINGS

The Notes to be issued have been rated:

Standard & Poor's: A+
Moody's: Aa3
Fitch: AA-
Standard & Poor's, Moody's and Fitch are established in
the European Union and are registered under Regulation
(EC) No 1060/2009 (the "CRA Regulation"). 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).

As defined by Standard & Poor's
(www.standardandpoors.com), an "A" rating means that
the Issuer's capacity to meet its financial commitments on
the obligation is strong but somewhat susceptible to
economic conditions and changes in circumstances. The
addition of a plus (+) sign shows relative standing within
that rating categories.

As defined by Moody's (www.moodys.com), obligations
rated "Aa3" are judged to be of high quality and are subject
to very low credit risk. The modifier 3 indicates a ranking in
the lower end of that generic rating category.

As defined by Fitch (www.fitchratings.com), an "AA" rating
denotes expectations of very low default risk. It indicates
very strong capacity for payment of financial commitments.
This capacity is not significantly vulnerable to foreseeable
events. The modifier (-) is appended to denote relative
status within this category.
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. The Manager and its
affiliates have engaged, and may in the future engage, in investment banking and/or commercial
banking transactions with, and may perform other services for, the Issuer and its affiliates in the ordinary
course of business.

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4. REASONS FOR THE OFFER AND ESTIMATED NET PROCEEDS
(i)
Reasons for the offer:
The net proceeds will be used for the Issuer's general

funding requirements.
(ii)
Estimated net proceeds:
EUR 21,226,380

5. PERFORMANCE OF RATES
Historic interest rate:
Details of performance of STR can be obtained free of

charge from the European Central Bank.
Benchmarks:
Amounts payable under the Notes will be calculated by

reference to STR which is provided by the European
Central Bank. As at the date of these Final Terms, STR
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) No 2016/1011),
as amended (the "Benchmark Regulation").
6. OPERATIONAL
INFORMATION
(i) ISIN:
FR001400HNS9
(ii) Common
Code:
261680629

(iii) Any
clearing
system(s)
other

than Euroclear Bank SA/NV and
Euroclear France
Clearstream Banking Société
Anonyme and the relevant
identification number(s):
(iv) Delivery:
Delivery against payment

(v)
Names and addresses of Paying
Uptevia

Agent(s) (including any
89-91, rue Gabriel Péri
additional Paying Agent(s)):
92120 Montrouge
France
7. DISTRIBUTION
1. Method of distribution:
Non-syndicated
2. If non-syndicated, name of Dealer:
Crédit Agricole Corporate and Investment Bank

3. Intermediary(ies)
in
secondary

trading
Not Applicable
4. U.S.
Selling
Restrictions
Reg. S Compliance Category 2; TEFRA not applicable

5. Prohibition of Sales to EEA Retail

Investors under the PRIIPs

Regulation:
Not Applicable

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DocuSign Envelope ID: F059C73E-6F69-4EDF-AF84-C290777BBA60

6. 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

9