Obligation Crédit Agricole SA 4.5% ( XS0242647187 ) en EUR

Crédit Agricole SA

100 % ⇌

France

XS0242647187 ( en EUR )

4.5% par an ( paiement annuel )

22/02/2026

Prospectus brochure de l'obligation Crédit Agricole XS0242647187 en EUR 4.5%, échéance 22/02/2026

50 000 EUR

443 300 000 EUR

22/02/2026 ( Dans 110 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 EUR, avec le code ISIN XS0242647187, paye un coupon de 4.5% par an.
Le paiement des coupons est annuel et la maturité de l'Obligation est le 22/02/2026

Final Terms dated March 29, 2006

Crédit Agricole S.A.
Euro 25,000,000,000
Euro Medium Term Note Programme

SERIES NO: 126
TRANCHE NO: 2
Issue of EUR 6,000,000 Automatic Redeemable Index Linked Interest Notes
Issued by: Crédit Agricole S.A. acting through its London Branch (the "Issuer")

CALYON
1

PART A CONTRACTUAL TERMS
Terms used herein shall be deemed to be defined as such for the purposes of the Conditions
set forth in the Base Prospectus dated 30 September 2005 and the supplements to the Base
Prospectus dated 23 November 2005, 20 February 2006 and 14 March 2006 respectively which
together constitute a base prospectus for the purposes of the Prospectus Directive (Directive
2003/71/EC) (the "Prospectus Directive"). This document constitutes the Final Terms of the
Notes described herein for the purposes of Article 5.4 of the Prospectus Directive and must be
read in conjunction with such Base Prospectus as so supplemented. 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 and the supplements to the Base
Prospectus are available for viewing at the office of the Fiscal Agent or each of the Paying
Agents and on the website of the Issuer (www.credit-agricole-sa.fr) and copies may be obtained
from Crédit Agricole S.A., 91-93, boulevard Pasteur, 75015 Paris, France.
1
Issuer:
Crédit Agricole S.A. acting through its
London Branch
2
(i) Series
Number:
126
(ii)
Tranche
Number:
2
3
Specified Currency or Currencies:
Euro (EURO)
4
Aggregate Nominal Amount of Notes

admitted to trading:
(i)
Series:
EUR 443,300,000
(ii)
Tranche:
EUR 6,000,000. The Notes constitute
Tranche No 2 of Series No 126 and shall
be fungible as of April 10, 2006 and form
a single series with issue of EUR
437,300,000 Automatic Redeemable
Index Linked Interest Notes issued on
February 22, 2006 as Tranche No 1 of
Series No 126.
5
Issue Price:
100 per cent of the Aggregate Nominal
Amount
6
Specified Denomination(s):
EUR 50,000
7
(i)
Issue Date:
March 31, 2006

(ii)
Interest Commencement Date
February 22, 2006
8
Maturity Date:
The earlier of (i) February 22, 2026 and
(ii) the Automatic Early Redemption Date
(as defined in item 18(i), both subject to
adjustment in accordance with the
Business Day Convention.
9
Interest Basis:
For each Interest Period from and
including February 22, 2006 to but
excluding February 22, 2015: 4.50%
2

Fixed Rate

For each Interest Period from and
including February 22, 2015 to but
excluding the Maturity Date:
Index Linked Interest
(further particulars specified below)
10
Redemption/Payment Basis:
Redemption at par
11
Change of Interest or
See item 9 above
Redemption/Payment Basis:
12
Put/Call Options:
Not Applicable
13
(i)
Status of the Notes:
Unsubordinated Notes. The Notes
constitute obligations under French law.

(ii)
Dates of the corporate
Resolution of the Board of Directors of
authorisations for issuance of
the Issuer dated 1 June 2005
the Notes:
14
Method of distribution:
Non-syndicated

PROVISIONS RELATING TO INTEREST (IF ANY) PAYABLE
15
Fixed Rate Note Provisions Applicable

(i)
Rate
of
Interest:
4.50 per cent. per annum payable
annually in arrear

(ii) Interest
Payment
Date(s):
Every February 22 in each year
commencing on and including February
22, 2007 and ending on and including
February 22, 2015, adjusted in
accordance with the Following Business
Day
(iii)
Fixed
Coupon
Amount[(s)]:
EUR 2,250 per EUR 50,000 in Nominal
Amount

(iv)
Broken Amount(s):
Not Applicable

(v)
Day Count Fraction:
30/360, unadjusted
(vi)
Determination
Dates:
Not
Applicable

(vii) Other terms relating to the
method of calculating interest Not Applicable
for Fixed Rate Notes:
16
Floating Rate Note Provisions
Not Applicable
17
Zero Coupon Note Provisions
Not Applicable
18
Index-Linked Interest Note/other
Applicable
variable-linked interest Note
Provisions
3

(i)
Index/Formula/other
variable:
For each Interest Period from and
including February 22, 2015 to but
excluding the Maturity Date, or the
Automatic Early Redemption Date (as
defined below) as the case may be, the
Notes will bear interest payable in
amounts determined in accordance with
the provisions set out below:
Specified Denomination x [6.20 x (EUR
10 years CMS - EUR 2 years CMS)] x
Day Count Fraction
For the avoidance of doubt the last
Interest Amount will be payable on the
Maturity Date or on the Automatic Early
Redemption Date in case of the
occurrence of an Early Redemption
Event.
An Early Redemption Event shall occur
in respect of a Specified Interest Payment
Date if the sum of (i) all Interest Amounts
per Specified Denomination paid in
respect of all preceding Specified Interest
Payment Dates plus (ii) the Interest
Amount to be paid on the relevant
Specified Interest Payment Date reach or
exceed the Trigger Level (as defined
below). In such case, the Notes will be
redeemed automatically at par on this
specific Specified Interest Payment Date
(the "Automatic Early Redemption
Date").
If on the Maturity Date the sum of the
Interest Amounts paid up to but excluding
the last Specified Interest Payment Date
is less than the Trigger Level, the last
Interest Amount will not be adjusted in
order to reach such Trigger Level.
Therefore the sum of the Interest
Amounts paid over the life of the Notes
may be less than the Trigger Level.
The Calculation Agent shall notify the
Issuer of the occurrence of an Automatic
Early Redemption Event at the latest five
Target Business Days after the Fixing
Date relating to the Interest Period.
Where :
"Trigger Level" means 42.50 per cent.
4

per Specified Denomination (i.e.: EUR
21,250).

"EUR 10 year CMS" means the annual
swap rate for a euro swap transaction
with a maturity of 10 years (annual,
30/360) versus EURIBOR 6 month,
expressed as a percentage, which
appears on the Reuters Screen
ISDAFIX2 (or any successor page to that
page) under the heading "EURIBOR
BASIS" as of 11:00 a.m. Frankfurt time
on the Fixing Date

"EUR 2 year CMS" means the annual
swap rate for a euro swap transaction with
a maturity of 2 years (annual, 30/360)
versus EURIBOR 6 month, expressed as
a percentage, which appears on the
Reuters Screen ISDAFIX2 (or any
successor page to that page) under the
heading "EURIBOR BASIS" as of 11:00
a.m. Frankfurt time on the Fixing Date
"Fixing Date" means five (5) Target
Business Days prior to the last day of
each Interest Period.
"TARGET Business Days" means a day
on which Trans-European Automated
Real-Time Gross Settlement Express
Transfer (TARGET) System (the
TARGET System) is open.

(ii)
Calculation
Agent
responsible
for calculating the interest
due: CALYON
(iii)
Provisions for determining
Coupon where calculated by
reference to Index and/or
Formula and/or other variable:
See item 18(i) above
(iv)
Interest
Period(s):
Each Interest Period from and including
February 22, 2015 to but excluding the
immediately following Specified Interest
Payment Date and each subsequent
Interest Period from a Specified Interest
Payment Date (included) to the next
following Specified Interest Payment Date
(excluded).

(v) Provisions for determining
If, in respect of any Fixing Date in the
C
h
l l ti
b
I t
t P i d th EUR CMS 10
5

Coupon where calculation by Interest Period, the EUR CMS 10 years
reference to Index and/or and/or the EUR CMS 2 years do not
Formula and/or other variable is appear on the Reuters Screen
impossible or impracticable or "ISDAFIX2" (or any successor) or for any
otherwise disrupted:
other reason is unavailable or cannot be
reasonably calculated, such rate will be
determined by the Calculation Agent as
the "EUR-annual-Swap Rate Reference
Banks" (as defined in the 2000 ISDA
Definitions) had been specified as the
applicable rate for which:
"Reset Date" shall be replaced by "the
last day of the Interest Period",
"on the day that is two TARGET
Settlement Days preceding that Reset
Date" shall be replaced by "on the Fixing
Date",
"Designated Maturity" means ten (10)
years and/or two (2) years as the case
maybe, and
"Representative Amount" means the
"Aggregate Nominal Amount".

(vi)
Interest or calculation period(s):
Not Applicable

(vii) Specified Interest Payment Every February 22 in each year starting
Dates:
on and including February 22, 2016 and
ending on and including the Maturity Date
or the Automatic Early Redemption Date,
as the case may be.
(viii)
Business
Day
Convention: Following
Business Day Convention
(ix)
Business
Centre(s):
TARGET

(x)
Minimum Interest Rate:
0.00 per cent per annum

(xi)
Maximum Interest Rate:
Not Applicable
(xii)
Day
Count
Fraction:(Condition
30/360, unadjusted
5(h))
19
Dual Currency Note Provisions
Not Applicable
PROVISIONS RELATING TO REDEMPTION

20
Redemption at the Option of the
Not Applicable
Issuer

21
Redemption at the Option of
Not Applicable
Noteholders

22
Final Redemption Amount of each
EUR 50,000 per Note of EUR 50,000
Note
Specified Denomination
6

In cases where the Final Redemption
Not Applicable
Amount is Index-Linked or other
variable-linked:
(i)
Index/Formula/variable: Not
Applicable
(ii)
Calculation
Agent
responsible
for calculating the Final
Redemption Amount:
Not Applicable

(iii) Provisions for determining Final
Redemption Amount where
calculated by reference to Index
and/or Formula and/or other
variable: Not
Applicable
(iv)
Determination
Date(s):
Not
Applicable

(v)
Provisions for determining Final
Redemption Amount where
calculation by reference to
Index and/or Formula and/or
other variable is impossible or
impracticable or otherwise
disrupted:
Not Applicable
(vi)
Payment
Date:
Not
Applicable

(vii) Minimum Final Redemption
Amount: Not
Applicable

(viii) Maximum Final Redemption
Not Applicable
Amount:
23
Early Redemption Amount

(i)
Early Redemption Amount(s) of
Not Applicable
each Note payable on
redemption for taxation reasons
(Condition 6(b)) or on event of
default (Condition 10) or other
early redemption and/or the
method of calculating the same
(if required or if different from
that set out in the Conditions):

(ii) Redemption for taxation
No
reasons permitted on days
others than Interest Payment
Dates (Condition 6(b))

(iii)
Unmatured Coupons to become Not Applicable
void upon early redemption
GENERAL PROVISIONS APPLICABLE TO THE NOTES
24
Form of Notes:
Bearer Notes:
7

Temporary Global Note exchangeable for
a Permanent Global Note which is
exchangeable for Definitive Notes in the
limited circumstances specified in the
Permanent Global Note
25
Financial Centre(s) or other special
TARGET
provisions relating to Payment Dates:

26
Talons for future Coupons or Receipts
Not Applicable
to be attached to Definitive Notes (and
dates on which such Talons mature):
27
Details relating to Partly Paid Notes:
Not Applicable
amount of each payment comprising
the Issue Price and date on which
each payment is to be made and
consequences (if any) of failure to pay:
28
Details relating to Instalment Notes:
Not Applicable
amount of each instalment, date on
which each payment is to be made:
29
Redenomination, renominalisation and Not Applicable
reconventioning provisions:
30
Consolidation provisions:
Not Applicable
31
Other final terms:
Not Applicable
DISTRIBUTION

32
(i)
If syndicated, names of
Not Applicable
Managers:

(ii)
Stabilising Manager(s) (if any):
Not Applicable

33
If non-syndicated, name and address
CALYON
of Dealer:
34
Additional selling restrictions:
Not Applicable
GENERAL

35
The aggregate principal amount of
Not Applicable
Notes issued has been translated into
Euro at the rate of [] producing a sum
of:
8

LISTING AND ADMISSION TO TRADING APPLICATION
These Final Terms comprise the final terms required to list and have admitted to trading the
issue of Notes described herein pursuant to the Euro 25,000,000,000 Euro Medium Term
Note Programme of the Issuer.
RESPONSIBILITY
The Issuer accepts responsibility for the information contained in these Final Terms

Signed on behalf of the Issuer
Duly represented by: Omar Ismael Aguirre
9

PART B Other Information
1
RISK FACTORS

Not Applicable
2
LISTING

(i)
Listing:
Luxembourg

(ii)
Admission to trading:
Application has been made for the Notes
to be admitted to trading on the regulated
market of Luxembourg with effect from
the Issue Date

(iii)
Estimate of total expenses
EUR 8,000
related to admission to trading:

(iv)
Regulated markets or
Luxembourg
equivalent markets on which, to
the knowledge of the issuer,
securities of the same class of
the securities to be offered or
admitted to trading are already
admitted to trading:
3
RATINGS

Ratings:
Not
Applicable
4
NOTIFICATION

Not
Applicable
5
INTERESTS OF NATURAL AND LEGAL PERSONS INVOLVED IN THE ISSUE

So far as the Issuer is aware, no person involved in the offer of the Notes has an
interest material to the offer.
6
REASONS FOR THE OFFER, ESTIMATED NET PROCEEDS AND TOTAL
EXPENSES*

(i)
Reasons for the offer
See "Use of Proceeds" section of the
Base Prospectus

(ii)
Estimated net proceeds: EUR
6,000,000

(iii)
Estimated total expenses:
Not Applicable
7
Fixed Rate Notes only YIELD

Indication of yield:
4.50% for the first nine years

The yield is calculated at the Issue Date
on the basis of the Issue Price. It is not
an indication of future yield.
10