Obligation Intesa San Paolo 0% ( XS0624833421 ) en EUR

Intesa San Paolo

100 % ▼

Italie

XS0624833421 ( en EUR )

12/05/2014 - Obligation échue

Prospectus brochure de l'obligation Intesa Sanpaolo XS0624833421 en EUR 0%, échue

100 000 EUR

2 000 000 000 EUR

Intesa Sanpaolo est l'un des principaux groupes bancaires d'Italie, proposant une large gamme de services financiers aux particuliers, aux entreprises et aux institutions.

L'Obligation émise par Intesa San Paolo ( Italie ) , en EUR, avec le code ISIN XS0624833421, paye un coupon de 0% par an.
Le paiement des coupons est annuel et la maturité de l'Obligation est le 12/05/2014

Final Terms dated 10 May 2011
Intesa Sanpaolo S.p.A.
Issue of EUR 2,000,000,000 Floating Rate Notes due May 2014
under the EUR 70,000,000,000
Euro Medium Term Note Programme
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 Prospectus dated 22 December 2010, as supplemented by the supplement dated
22 March 2011 and the supplement dated 18 April 2011, 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 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 Prospectus as so supplemented. The Prospectus and the supplements are available for
viewing at the registered office of the Issuer at Piazza San Carlo 156, 10121 Turin, Italy and
from Société Européenne de Banque S.A. at 19 Boulevard de Prince Henri, Luxembourg. The
Prospectus and the supplements and, in the case of Notes admitted to trading on the regulated
market of the Luxembourg Stock Exchange, the applicable Final Terms will also be published
on the website of the Luxembourg Stock Exchange (www.bourse.lu).
1.
Issuer:
Intesa Sanpaolo S.p.A.
2.
(i)
Series Number:
621

(ii)
Tranche Number:
1
3.
Specified Currency or Currencies:
Euro ("EUR")
4.
Aggregate Nominal Amount:

(i)
Series:
EUR 2,000,000,000

(ii)
Tranche:
EUR 2,000,000,000
5.
Issue Price:
99.795 per cent. of the Aggregate Nominal
Amount
6.
(i)
Specified Denominations:
EUR 100,000 only

(ii)
Calculation Amount:
EUR 100,000
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7.
(i)
Issue Date:
12 May 2011

(ii)
Interest
Commencement Not applicable
Date (if different from the
Issue Date):
8.
Maturity Date:
The Interest Payment Date falling in May
2014
9.
Interest Basis:
3 month EURIBOR +1.10 per cent.
(further particulars specified below)
10.
Redemption/Payment Basis:
Redemption at par
11.
Change of Interest or Redemption/ Not applicable
Payment Basis:
12.
Put/Call Options:
Not applicable
13.
Status of the Notes:
Senior
14.
Method of distribution:
Syndicated
PROVISIONS RELATING TO INTEREST (IF ANY) PAYABLE
15.
Fixed Rate Note Provisions
Not applicable
16.
Floating Rate Note Provisions
Applicable

(i)
Specified Period(s)/Specified Interest payable quarterly in arrear on 12
Interest Payment Dates:
August, 12 November, 12 February and 12
May of each year from and including 12
August 2011 up to and including the
Maturity Date, subject to the Business Day
Convention specified below.
(Note that this item adjusts the end date of
each Interest Period (and, consequently,
also adjusts the length of the Interest Period
and the amount of Interest due). In relation
to the actual date on which Noteholders are
entitled to receive payment of Interest, see
also Condition 11(g) (Payments on business
days) and the definition of the term
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"Payment Business Day".)

(ii)
First Interest Payment Date
12 August 2011, subject to the Business
Day Convention specified below

(iii)
Business Day Convention:
Modified
Following
Business
Day
Convention

(iv)
Additional
Business Not Applicable
Centre(s):

(v)
Manner in which the Rate(s) Screen Rate Determination
of Interest is/are to be determined:

(vi)
Party
responsible
for Not applicable
calculating the Rate(s) of
Interest
and/or
Interest
Amount(s)
(if
not
the
Principal Paying Agent):

(vii)
Screen Rate Determination:

·
Reference Rate:
3 month EURIBOR

·
Relevant Screen Page:
Reuters page EURIBOR01

·
Interest
Determination The second TARGET Settlement Date prior
Date(s):
to the commencement of each Interest
Period

·
Relevant Time:
11 a.m. Brussels time

·
Relevant Financial Centre:
Euro-zone (where Euro-zone means the
region comprised of the countries whose
lawful currency is the euro)

(viii)
ISDA Determination:
Not applicable

(ix)
Margin(s):
+1.10 per cent. per annum
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(x)
Minimum Rate of Interest:
Not applicable

(xi)
Maximum Rate of Interest:
Not applicable

(xii)
Day Count Fraction:
Actual/360

(xiii) Fall
back
provisions, As set out in the Conditions
rounding
provisions,
denominator and any other
terms relating to the method
of calculating interest on
Floating
Rate
Notes,
if
different from those set out in
the Conditions:
17.
Zero Coupon Note Provisions
Not applicable
18.
Index-Linked
Interest
Note Not applicable
Provisions
19.
Dual Currency Interest Note Not applicable
Provisions
PROVISIONS RELATING TO REDEMPTION
20.
Call Option
Not applicable
21.
Put Option
Not applicable
22.
Final Redemption Amount
EUR 100,000 per Calculation Amount
23.
Early Redemption Amount

Early
Redemption
Amount(s) Not applicable
payable on redemption for taxation
reasons or on event of default or
other early redemption and/or the
method of calculating the same (if
required or if different from that
set out in the Conditions):
GENERAL PROVISIONS APPLICABLE TO THE NOTES
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24.
Form of Notes:
Bearer Notes
Temporary Global Note exchangeable for a
Permanent
Global
Note
which
is
exchangeable for Definitive Notes on 60
days' notice in the limited circumstances
specified in the Permanent Global Note.
25.
New Global Note Form:
Yes
26.
Additional Financial Centre(s) or Not applicable
other special provisions relating to
Payment Dates:
27.
Talons for future Coupons to be No
attached to Definitive Notes (and
dates on which such Talons
mature):
28.
Details relating to Partly Paid Not applicable
Notes: 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, including any
right of the Issuers to forfeit the
Notes and interest due on late
payment:
29.
Details relating to Instalment Not applicable
Notes: amount of each instalment,
date on which each payment is to
be made:
30.
Redenomination applicable
Not applicable
31.
Renominalisation
and Not applicable
reconventioning provisions:
32.
Other final terms:
Not applicable
DISTRIBUTION
33.
(i)
If syndicated, names of Banca IMI S.p.A.
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Managers:
HSBC Bank plc
Merrill Lynch International

(ii)
Date
of
Syndication 10 May 2011
Agreement:

(iii)
Stabilising Manager(s) (if Not applicable
any):
34.
If non-syndicated, name of Dealer:
Not applicable
35.
U.S. selling restrictions:
Reg. S compliance category 2; TEFRA D
36.
Additional selling restrictions:
Not applicable
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PART B OTHER INFORMATION
LISTING AND ADMISSION TO TRADING
1.
(i)
Listing:
Luxembourg

(ii)
Admission to trading:
Application has been made for the Notes to be
admitted to trading on the regulated market of
the Luxembourg Stock Exchange with effect
from 12 May 2011.

(iii)
Estimate of total expenses Approximately EUR 2,360 in listing and
related to admission to listing agent's fees.
trading
2.
RATINGS

Ratings:
The Notes to be issued are expected to be
rated:

S & P: A+

Moody's: Aa3

Fitch: AA-

Each of S&P, Moody's and Fitch are
established in the European Union and have
applied for registration under Regulation (EU)
No 1060/2009, although notification of the
corresponding registration decision has not yet
been provided by the relevant competent
authority.
In general, European regulated investors are
restricted from using a rating for regulatory
purposes if such rating is not issued by a
credit rating agency established in the
European Union and registered under the
Regulation (EU) No 1060/2009 ("CRA
Regulation") unless the rating is provided by
a credit rating agency operating in the
European Union before 7 June 2010 which
has submitted an application for registration in
accordance with the CRA Regulation and such
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registration is not refused.
3.
INTERESTS OF NATURAL AND LEGAL PERSONS INVOLVED IN THE
ISSUE

Save for any fees payable to the Managers, so far as the Issuer is aware, no person
involved in the offer of the Notes has an interest material to the offer.
4.
REASONS FOR THE OFFER, ESTIMATED NET PROCEEDS AND TOTAL
EXPENSES

(i)
Reasons for the offer:
General funding purposes, in accordance
with the section entitled "Use of Proceeds"
under
"General
Information"
in
the
Prospectus.

(ii)
Estimated net proceeds:
EUR 1,992,900,000

(iii)
Estimated total expenses:
Approximately EUR 2,360 to be paid to the
Listing Agent
5.
OPERATIONAL INFORMATION

ISIN Code:
XS0624833421

Common Code:
062483342

Intended to be held in a manner Yes
which would allow Eurosystem
eligibility:

Note that the designation "Yes" simply
means that the Notes are intended upon issue
to
be
deposited
with
Euroclear
or
Clearstream,
Luxembourg
as
common
safekeeper and does not necessarily mean
that the Notes will be recognised as eligible
collateral for Eurosystem monetary policy
and intra-day credit operations by the
Eurosystem, either upon issue or at any or
all times during their life. Such recognition
will depend upon satisfaction of the
Eurosystem eligibility criteria.
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Any clearing system(s) other than Not applicable
Euroclear Bank S.A./N.V. and
Clearstream
Banking,
société
anonyme
and
the
relevant
identification numbers):

Delivery:
Delivery against payment

Names and addresses of additional Not applicable
Paying Agent(s)(if any):
6.
HISTORIC INTEREST RATES

Details of historic EURIBOR rates can be obtained from Reuters.
7.
FURTHER INFORMATION RELATING TO THE ISSUER

Further information relating to the Issuer is set out below, pursuant to Article 2414
of the Italian Civil Code.

(i)
Objects:
The objects of the Issuer, as set out in
Article 4 of its by-laws, are the collection of
savings and the carrying-out of all forms of
lending activities, through its subsidiaries or
otherwise. The Issuer may, in compliance
with regulations in force and subject to
obtaining any prior authorisations required,
perform all banking and financial services
and transactions, including the creation and
management of open- and closed-end
supplementary pension schemes, as well as
any other transaction necessary for, or
incidental to, the achievement of its
corporate purpose, through its subsidiaries
or otherwise.

As parent company of the "Intesa Sanpaolo"
banking group, pursuant to Article 61 of
Legislative Decree No. 385 of 1 September
1993, the Issuer, in its direction and
coordination capacity, issues instructions to
Intesa Sanpaolo Group companies, including
those for the purposes of implementing the
Bank of Italy's regulations and of ensuring
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