Obligation La Poste Banque 4% ( FR001400HOZ2 ) en EUR

La Poste Banque

100 % ⇌

France

FR001400HOZ2 ( en EUR )

4% par an ( paiement annuel )

03/05/2028 - Obligation échue

Prospectus brochure de l'obligation La Banque Postale FR001400HOZ2 en EUR 4%, échue

100 000 EUR

1 000 000 000 EUR

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 FR001400HOZ2, paye un coupon de 4% par an.
Le paiement des coupons est annuel et la maturité de l'Obligation est le 03/05/2028

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 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.

Final Terms dated 28 April 2023

La Banque Postale
Legal entity identifier (LEI): 96950066U5XAAIRCPA78
Issue of EUR 1,000,000,000 4.000 per cent. Fixed Rate Senior Preferred Notes due 3 May 2028
under the
20,000,000,000 Euro Medium Term Note Programme
of La Banque Postale

SERIES NO: 155
TRANCHE NO: 1

Joint Lead Managers

BNP PARIBAS
Citigroup
J.P. Morgan
La Banque Postale
NatWest Markets
Santander Corporate & Investment Banking

Co-Lead Managers

DekaBank
HELABA
NORD/LB

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 24 April 2023 which received approval number no. 23-128 from
the Autorité des marchés financiers (the "AMF") on 24 April 2023, which constitutes 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 in order to obtain all the relevant
information. The Base Prospectus is 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:
155
(ii) Tranche Number:
1
3
Specified Currency or Currencies:
Euro ("EUR")
4
Aggregate Principal Amount of Notes
admitted to trading:

(i)
Series:
EUR 1,000,000,000
(ii) Tranche:
EUR 1,000,000,000
5
Issue Price:
99.911 per cent. of the Aggregate Principal Amount
6
Specified Denomination(s):
EUR 100,000
7
(i)
Issue Date:
3 May 2023
(ii) Interest Commencement Date:
Issue Date
8
Maturity Date:
3 May 2028
9
Interest Basis/Rate of Interest:
4.000 per cent. Fixed 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:
Clean-up Call Option
13 (i) Status of the Notes:
Senior Preferred
Prior permission of the Relevant Regulator:
Applicable
(ii) Date of corporate authorisations for the Decision of Cyril Cudennec in his capacity as
issuance of Notes obtained:
Directeur de la Salle des Marchés of the Issuer dated
25 April 2023 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:
Applicable

(i) Rate of Interest:
4.000 per cent. Per annum payable annually in
arrear
3

(ii) Interest Payment Date(s):
3 May in each year commencing on (and including)
3 May 2024 and ending on (and including) the
Maturity Date

(iii) Fixed Coupon Amount:
EUR 4,000 per Note of EUR 100,000 Specified
Denomination

(iv) Broken Amount:
Not Applicable

(v) Day Count Fraction (Condition Actual/Actual-ICMA (unadjusted)
5(a)):

(vi) Determination Date(s):
3 May in each year
(b) Resettable Note Provisions:
Not Applicable
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:
Not Applicable
22 Noteholder Put Option:
Not Applicable
23 Clean-up Call Option by the Issuer

(Condition 6(d)):
Applicable

(i) Clean-up Percentage:
75%

(ii) Optional Redemption Amount of
each Note:
EUR 100,000 per Note of EUR 100,000 Specified
Denomination

(iii) Notice period (if other than as set out
in the Conditions):
In accordance with the Conditions
24 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
25 Early Redemption Amount:
In accordance with the Conditions
GENERAL PROVISIONS APPLICABLE TO THE NOTES
26 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
27 Financial Centre(s) or other special
provisions relating to payments dates:
T2
4

28 Talons for future Coupons to be attached to
Definitive Notes (and dates on which such
Talons mature):
Not Applicable
29 Redenomination,
renominalisation and
reconventioning provisions:
Not Applicable
30 Events of Default for Senior Preferred Notes
(Condition 9(a)):
Non-payment (condition 9(a)(i)): Not Applicable
Breach of other obligations (condition 9(a)(ii)): Not
Applicable
Cross-default (condition 9(a)(iii)): Not Applicable
Sale, transfer or disposal of the whole or a substantial
part of its assets (condition 9(a)(iv)): Not Applicable

Insolvency (or other similar proceeding) (condition
9(a)(v)): Not Applicable
31 Masse (Condition 11):
Name and address of the Representative:

DIIS Group
12 rue Vivienne
75002 Paris
[email protected]

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

5

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 5,600

(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 A+ by S&P Global Ratings Europe Limited ("S&P"), A2 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/credit-rating-
agencies/cra-authorisation) 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 'A' is somewhat more susceptible to the adverse
effects of changes in circumstances and economic conditions than obligations in higher-rated
categories. However, the obligor's capacity to meet its financial commitments on the obligation is still
strong. The plus sign shows the relative standing within the rating category.
According to Moody's definitions, obligations rated `A' are considered upper medium-grade and are
subject to low credit risk. The modifier `2' indicates a mid-range ranking in the generic rating category
`A'.
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. The modifier
"+" is appended to denote relative status within the rating category.

Euro equivalent:
Not Applicable
3
NOTIFICATION

Not Applicable

6

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.
The Managers and their 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.
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 996,610,000

(iii) Estimated total expenses:
Not Applicable
6
YIELD

Indication of yield:
4.020 per cent. per annum
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.
BNP Paribas
Citigroup Global Markets Europe AG
J.P. Morgan SE
La Banque Postale
NatWest Markets N.V.

Co-Lead Managers
DekaBank Deutsche Girozentrale
Landesbank Hessen-Thüringen Girozentrale
Norddeutsche Landesbank Girozentrale

(iii) Stabilisation Manager (if any):
BNP Paribas

(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:
FR001400HOZ2

(ii) Common Code:
261751674
7

(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
(affiliated with Euroclear France under number
30)
Les Grands Moulins de Pantin
9 rue du Débarcadère
93500 Pantin
France
Operational notifications (including coupon
payment and/or redemption and calculation of the
rates):
BNP Paribas,
Luxembourg Branch
Corporate Trust Services
(affiliated with Euroclear France under number
29106)
60, avenue J.F. Kennedy
L-1855 Luxembourg
Postal address:
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
Les Grands Moulins de Pantin
9 rue du Débarcadère
93500 Pantin
France

8