Obligation CaixaBank 0.5% ( XS2297549391 ) en EUR

CaixaBank

94.75 % ▲

Espagne

XS2297549391 ( en EUR )

0.5% par an ( paiement annuel )

08/02/2029

Prospectus brochure de l'obligation Caixabank XS2297549391 en EUR 0.5%, échéance 08/02/2029

09/02/2026 ( Dans 164 jours )

CaixaBank est une banque espagnole, issue de la fusion de Caixa d'Estalvis i Pensions de Barcelona et de la fusion de plusieurs autres caisses d'épargne, opérant dans divers secteurs bancaires, dont la banque de détail, la banque privée et la banque d'investissement.

L'Obligation émise par CaixaBank ( Espagne ) , en EUR, avec le code ISIN XS2297549391, paye un coupon de 0.5% par an.
Le paiement des coupons est annuel et la maturité de l'Obligation est le 08/02/2029

MiFID II product governance / Professional investors and ECPs only target market Solely for the
purposes of each manufacturers product approval process, the target market assessment in respect of the
Notes 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.
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 MiFID II; or (i ) a customer
within the meaning of Directive (EU) 2016/97, as amended (the Insurance Distribution Directive), 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 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 sel ing the Notes or otherwise making them available to any retail investor in the EEA
may be unlawful under the PRIIPs Regulation.
Notification under Section 309B(1)(c) of the Securities and Futures Act (Chapter 289) of Singapore, as
modified or amended from time to time (the SFA) Solely for the purposes of its obligations pursuant to
sections 309B(1)(a) and 309B(1)(c) of the SFA, the Issuer has determined, and hereby notifies all relevant
persons (as defined in Section 309A of the SFA) that the Notes are "prescribed capital markets products" (as
defined in the Securities and Futures (Capital Markets Products) Regulations 2018 of Singapore).
5 February 2021
CaixaBank, S.A.
Issue of EUR 1,000,000,000 Fixed to Floating Rate Callable Senior Non-Preferred Notes due February
2029
under the 25,000,000,000
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 (the Conditions)
set forth under the section entitled "Terms and Conditions of the Spanish Law Notes" in the Base Prospectus
dated 23 April 2020 and the supplements to it dated 5 May 2020, 6 August 2020, 3 November 2020 and 29
January 2021 which together constitute 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 the Prospectus Regulation and must be read in conjunction with the Base Prospectus in order to obtain all
the relevant information. The Base Prospectus has been published on the website of Euronext Dublin at
www.ise.ie. In addition, if the Notes are to be admitted to trading on the regulated market of Euronext
Dublin, copies of the Final Terms wil be published on the website of Euronext Dublin at www.ise.ie.
The expression Prospectus Regulation means Regulation (EU) 2017/1129.

1.
Issuer:
CaixaBank, S.A.
0012018-0003649 EUO1: 2002409595.1
1

2.
(a)
Series Number:
18
(b)
Tranche Number:
1
(c)
Date on which the Notes will be Not Applicable
consolidated and form a single
Series:
3.
Specified Currency or Currencies:
Euro (EUR)
4.
Aggregate Nominal Amount:

(a)
Series:
EUR 1,000,000,000
(b)
Tranche:
EUR 1,000,000,000
5.
Issue Price:
99.514 per cent. of the Aggregate Nominal Amount
6.
(a)
Specified Denominations:
EUR 100,000
(b)
Calculation Amount:
EUR 100,000
7.
(a)
Issue Date:
9 February 2021
(b)
Interest Commencement Date:
Issue Date
8.
Maturity Date:
Interest Payment Date falling in or nearest to
February 2029
9.
Interest Basis:
(a)
0.50 per cent. per annum Fixed Rate in
respect of the period from, and including, the
Interest Commencement Date to, but
excluding, the Optional Redemption Date
(b)
3-month EURIBOR plus 0.90 per cent. per
annum Floating Rate in respect of the period
from, and including, the Optional
Redemption Date to, but excluding, the
Maturity Date
(see paragraphs 15 and 17 below)
10.
Redemption Basis:
Subject to any purchase and cancellation or early
redemption, the Notes wil be redeemed on the
Maturity Date at 100 per cent. of their nominal
amount
11.
Change of Interest Basis:
Applicable
The initial Interest Basis shal be Fixed Rate until the
Optional Redemption Date
The Interest Basis subsequent to the Optional
Redemption Date shall be Floating Rate
0012018-0003649 EUO1: 2002409595.1
2

12.
Put/Cal Options:
Investor Put pursuant to Condition 5.6 of the Terms
and Conditions of the Notes is Not Applicable
Issuer Cal pursuant to Condition 5.3 of the Terms
and Conditions of the Notes is Applicable. See
paragraph 18 below
Issuer Cal Capital Event (Tier 2 Subordinated
Notes) pursuant to Condition 5.4 of the Terms and
Conditions of the Notes is Not Applicable
Issuer Cal Eligible Liabilities Event (Senior Non-
Preferred) pursuant to Condition 5.5 of the Terms and
Conditions of the Notes is Applicable
13.
(a)
Status of the Notes:
Senior Notes Senior Non-Preferred Notes
(b)
Date Board approval for issuance 16 April 2020
of Notes obtained:
14.
Gross-up in respect of principal and any No
premium (pursuant to Condition 6.1 of the
Terms and Conditions of the Notes):
PROVISIONS RELATING TO INTEREST (IF ANY) PAYABLE
15.
Fixed Rate Note Provisions
Applicable from and including the Issue Date to and
excluding the Optional Redemption Date
(a)
Rate(s) of Interest:
For the period from and including the Issue Date to
and excluding the Optional Redemption Date, 0.50
per cent. per annum payable in arrear on each Interest
Payment Date
(b)
Interest Payment Date(s):
9 February in each year up to and including 9
February 2028, commencing on 9 February 2022
(c)
Fixed Coupon Amount(s):
500 per Calculation Amount
(Applicable to Notes in definitive
form.)
(d)
Broken Amount(s):
Not Applicable
(Applicable to Notes in definitive
form.)
(e)
Day Count Fraction:
Actual/Actual (ICMA)
(f)
Determination Date(s):
9 February in each year
16.
Fixed Reset Provisions:
Not Applicable
17.
Floating Rate Note Provisions
Applicable from and including the Optional
0012018-0003649 EUO1: 2002409595.1
3

Redemption Date to and excluding the Maturity Date
(a)
Specified
Period(s)/Specified The Specified Interest Payment Dates are 9 May
Interest Payment Dates:
2028, 9 August 2028, 9 November 2028 and 9
February 2029, subject to adjustment in accordance
with the Business Day Convention set out in (b)
below
(b)
Business Day Convention:
Modified Following Business Day Convention
(c)
Additional Business Centre(s):
Not Applicable
(d)
Manner in which the Rate of Screen Rate Determination
Interest and Interest Amount is to
be determined:
(e)
Party responsible for calculating Not Applicable
the Rate of Interest and Interest
Amount (if not the Agent):
(f)
Screen Rate Determination:
Applicable
(i)
Reference Rate:
3 month EURIBOR
(ii)
Relevant Financial Centre: Not Applicable
(ii )
Reference Currency:
Not Applicable
(iv)
Designated Maturity:
Not Applicable
(v)
Relevant Time:
Not Applicable
(vi)
Interest
Determination Second Business Day prior to the start of each
Date(s):
Interest Period
(vii) Relevant Screen Page:
Reuters EURIBOR01
(g)
ISDA Determination:
Not Applicable
(h)
Linear Interpolation:
Not Applicable
(i)
Margin(s):
+0.90 per cent. per annum
(j)
Minimum Rate of Interest:
Not Applicable
(k)
Maximum Rate of Interest:
Not Applicable
(l)
Day Count Fraction:
Actual/360

PROVISIONS RELATING TO REDEMPTION
0012018-0003649 EUO1: 2002409595.1
4

18.
Issuer Cal (pursuant to Condition 5.3 of Applicable
the Terms and Conditions of the Notes):
(a)
Optional Redemption Date(s):
9 February 2028
(b)
Optional Redemption Period:
Not Applicable
(c)
Optional Redemption Amount:
EUR 100,000 per Calculation Amount
(d)
If redeemable in part:

(i)
Minimum
Redemption Not Applicable
Amount:
(ii)
Maximum
Redemption Not Applicable
Amount:
19.
Capital Event (Tier 2 Subordinated Notes Not Applicable
pursuant to Condition 5.4 of Terms and
Conditions of the Notes):
20.
Eligible Liabilities Event (Subordinated Applicable
Notes, Senior Non-Preferred or Ordinary
Senior Notes pursuant to Condition 5.5 of
the Terms and Conditions of the Notes):
21.
Investor Put:
Not Applicable
22.
Final Redemption Amount:
EUR 100,000 per Calculation Amount
23.
Early Redemption Amount payable on EUR 100,000 per Calculation Amount
redemption for taxation reasons, on an
event of default or upon the occurrence of
an Eligible Liabilities Event:
24.
Ordinary Senior Notes optionality:

(a)
Additional Events of Default Condition 8.2(a) Not Applicable
(Condition 8 of the Terms and
Conditions of the Notes):
GENERAL PROVISIONS APPLICABLE TO THE NOTES
25.
Form of Notes:

(a)
Form:
Temporary Global Note exchangeable for a
Permanent Global Note which is exchangeable for
Definitive Notes upon an Exchange Event including
the exchange event described in paragraph (iii) of
the definition in the Permanent Global Note

Notes shal not be physically delivered in Belgium,
except to a clearing system, a depository or other
institution for the purpose of their immobilisation in
0012018-0003649 EUO1: 2002409595.1
5

accordance with Article 4 of the Belgian law of 14th
December, 2005
(b)
New Global Note:
Yes
26.
Additional Financial Centre(s):
Not Applicable
27.
Talons for future Coupons to be attached to No
Definitive Notes:

Signed on behalf of CaixaBank, S.A.:

By: . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Duly authorised

0012018-0003649 EUO1: 2002409595.1
6

PART B OTHER INFORMATION

1.
LISTING AND ADMISSION TO

TRADING
(a)
Listing:
Application wil be made by the Issuer (or on its
behalf) to Euronext Dublin for the Notes to be
admitted to the Official List of Euronext Dublin with
effect from the Issue Date.
(b)
Admission to trading:
Application wil be made by the Issuer (or on its
behalf) to Euronext Dublin for the Notes to be
admitted to trading on the regulated market of
Euronext Dublin with effect from the Issue Date.
(c)
Estimate of total expenses related to EUR 1,000
admission to trading:
2.
RATINGS

Ratings:
The Notes to be issued are expected to be rated:
Baa3 by Moody's Investors Service España, S.A.
BBB by S&P Global Ratings Europe Limited
BBB+ by Fitch Ratings Ireland Limited
A(Low) by DBRS Ratings GmbH
Each of DBRS Ratings GmbH, Fitch Ratings Ireland
Limited, Moody's Investors Service España, S.A.
and S&P Global Ratings Europe Limited is
established in the European Union and is registered
under Regulation (EC) No. 1060/2009 (as amended).
As such DBRS Ratings GmbH, Fitch Ratings Ireland
Limited, Moody's Investors Service España, S.A.
and S&P Global Ratings Europe Limited are
included in the list of credit rating agencies
published by the European Securities and Markets
Authority on its website in accordance with such
Regulation.

According to Moody's Investors Service España,
S.A., a rating of "Baa" indicates an obligation judged
to be medium-grade and subject to moderate credit
risk and as such may possess certain speculative
characteristics. The numerical modifier "3" indicates
a ranking in the lower end of the generic "Baa"
rating category.
According to S&P Global Ratings Europe Limited, a
rating of "BBB" indicates that an obligation exhibits
0012018-0003649 EUO1: 2002409595.1
7

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.
According to Fitch Ratings Ireland Limited, a rating
in the "BBB" category indicates that expectations of
default risk are currently low as the capacity for
payment of financial commitments is considered
adequate, although adverse business or economic
conditions are more likely to impair this capacity.
The modifier "+" indicates a ranking in the higher
end of the "BBB" rating category.
According to DBRS Ratings GmbH, a rating in the
"A" category indicates that the capacity for the
payment of financial obligations is substantial
although it may be vulnerable to future events.
However, qualifying negative factors are considered
manageable. The modifier "(low)" indicates a
ranking in the lower end of the "A" rating category.

3.
INTERESTS OF NATURAL AND LEGAL PERSONS INVOLVED IN THE ISSUE
Save for the fees payable to the Joint Lead Managers, so far as the Issuer is aware, no person
involved in the issue of the Notes has an interest material to the offer. The Joint Lead 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.

4.
REASONS FOR THE OFFER AND
ESTIMATED NET PROCEEDS
(a)
Reasons for the offer:
The Notes are intended to be issued as Green Notes
and an amount equal to the net proceeds of the Notes
wil be used to finance or refinance, in whole or in
part, new or existing Eligible Green Projects,
according to the Sustainable Development Goals
Framework published by the Issuer.
The Sustainable Development Goals Framework is
available for viewing on the Issuer's website,
https://www.caixabank.com (including as amended,
supplemented, restated or otherwise updated on such
website from time to time).
For the avoidance of doubt, the Sustainable
Development Goals Framework is not incorporated
by reference in, nor does it form part of, these Final
Terms or the Base Prospectus.
(b)
Estimated net proceeds:
EUR 992,184,468
0012018-0003649 EUO1: 2002409595.1
8

5.
YIELD

Indication of yield:
0.571 per cent. per annum

The yield is calculated at the Issue Date on the basis
of the Issue Price from and including the Issue Date
to and excluding the Optional Redemption Date. It is
not an indication of future yield.
6.
OPERATIONAL INFORMATION
(a)
ISIN:
XS2297549391
(b)
Common Code:
229754939
(c)
WKN:
Not Applicable
(d)
Any clearing system(s) other than Euroclear Not Applicable
and Clearstream Luxembourg and the
relevant identification number(s):
(e)
Delivery:
Delivery against payment
(f)
Names and addresses of additional Paying Not Applicable
Agent(s) (if any):
(g)
Intended to be held in a manner which would Yes. Note that the designation "yes" simply means
al ow Eurosystem eligibility:
that the Notes are intended upon issue to be
deposited with one of the ICSDs 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 al times during their life. Such recognition
wil depend upon the ECB being satisfied that
Eurosystem eligibility criteria have been met.
7.
DISTRIBUTION

(a)
Method of distribution:
Syndicated
(b)
If syndicated, names of Managers:
ABN AMRO Bank N.V.
CaixaBank, S.A.
Goldman Sachs Bank Europe SE
Natixis
UBS Europe SE
(c)
Stabilisation Manager(s) (if any):
Not Applicable
(d)
If non-syndicated, name of relevant Dealer:
Not Applicable
(e)
U.S. Sel ing Restrictions:
Reg. S Compliance Category 2; TEFRA D
(f)
Prohibition of Sales to EEA and UK Retail Applicable
0012018-0003649 EUO1: 2002409595.1
9

Investors:
(g)
Prohibition of Sales to Belgian Consumers:
Applicable

0012018-0003649 EUO1: 2002409595.1
10