Bond Crédit Agricole SA 0.05% ( FR0013465010 ) in EUR

Crédit Agricole SA

100 % ⇌

France

FR0013465010 ( in EUR )

0.05% per year ( payment 1 time a year)

06/12/2029

Prospectus brochure of the bond Crédit Agricole FR0013465010 en EUR 0.05%, maturity 06/12/2029

06/12/2025 ( In 32 days )

Crédit Agricole is a French multinational cooperative banking group with a global presence, offering a wide range of financial services including retail banking, investment banking, and asset management.

The Bond issued by Crédit Agricole SA ( France ) , in EUR, with the ISIN code FR0013465010, pays a coupon of 0.05% per year.
The coupons are paid 1 time per year and the Bond maturity is 06/12/2029

Final Terms dated 4 December 2019
PROHIBITION OF SALES TO EUROPEAN ECONOMIC AREA RETAIL INVESTORS The Covered
Bonds 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"); (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 Directive 2003/71/EC, as amended (the "Prospectus
Directive"). Consequently, no key information document required by Regulation (EU) No. 1286/2014 (the
"PRIIPs Regulation") for offering or selling the Covered Bonds or otherwise making them available to retail
investors in the EEA has been prepared and therefore offering or selling the Covered Bonds or otherwise making
them available to any retail investor in the EEA may be unlawful under the 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 Covered Bonds, 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
Covered Bonds is eligible counterparties and professional clients only, each as defined in MiFID II; and (ii) all
channels for distribution of the Covered Bonds to eligible counterparties and professional clients are appropriate.
Any person subsequently offering, selling or recommending the Covered Bonds (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 Covered Bonds (by either adopting
or refining the manufacturers' target market assessment) and determining appropriate distribution channels.
CRÉDIT AGRICOLE HOME LOAN SFH
Issue of 1,250,000,000 0.05 per cent. Fixed Rate Green Covered Bonds due 6 December 2029
extendible as Floating Rate Green Covered Bonds up to 6 December 2030
(the "Covered Bonds")
under the 40,000,000,000 Covered Bond Program
Issue Price: 99.672 per cent.
Joint Lead Managers
BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
COMMERZBANK
CRÉDIT AGRICOLE CIB
SKANDINAVISKA ENSKILDA BANKEN AB (PUBL)
TD SECURITIES
Co-Lead Managers
BANCA AKROS S.P.A. - GRUPPO BANCO BPM
BANCO SABADELL
BANKHAUS LAMPE KG
DZ BANK AG
OP CORPORATE BANK PLC

PART A CONTRACTUAL TERMS
Terms used herein shall be deemed to be defined as such for the purposes of the terms and conditions (the
"Conditions") set forth in the base prospectus dated 13 February 2019 which received visa no. 19-044 from the
Autorité des marchés financiers (the "AMF") on 13 February 2019, as supplemented by a first supplement to the
base prospectus dated 11 April 2019 which received visa no. 19-154 from the AMF on 11 April 2019, a second
supplement to the base prospectus dated 30 April 2019 which received visa no. 19-182 from the AMF on 30 April
2019, a third supplement to the base prospectus dated 4 October 2019 which received visa no. 19-476 from the
AMF on 4 October 2019 and a fourth supplement to the base prospectus dated 18 November 2019 which received
visa no. 19-528 from the AMF on 18 November 2019 which together constitute a base prospectus (the "Base
Prospectus") for the purposes of the Directive 2003/71/EC of the European Parliament and of the Council of 4
November 2003, as amended or superseded (the "Prospectus Directive").
This document constitutes the final terms of the Covered Bonds (the "Final Terms") described herein for the
purposes of Article 5.4 of the Prospectus Directive and must be read in conjunction with such Base Prospectus.
Full information on the Issuer and the Covered Bonds is only available on the basis of the combination of these
Final Terms and the Base Prospectus. The Base Prospectus and these Final Terms are available for viewing on the
websites of Crédit Agricole S.A. (www.credit-agricole.com) and of the AMF (www.amf-france.org), and during
normal business hours at the registered office of the Issuer and at the specified office of the Paying Agent(s) where
copies may be obtained.
1.
Issuer:
Crédit Agricole Home Loan SFH
2.
(i)
Series Number:
74
(ii)
Tranche Number:
1
(iii)
Date on which the Covered Bonds
will be assimilated (assimilables) and form a
single series:
Not Applicable
3.
Specified Currency:
Euro ("")
4.
Aggregate Nominal Amount of Covered Bonds:
(i)
Series:
1,250,000,000
(ii)
Tranche:
1,250,000,000
5.
Issue Price:
99.672 per cent. of the Aggregate Nominal Amount
6.
Specified Denomination:
100,000
7.
(i)
Issue Date:
6 December 2019
(ii)
Interest Commencement Date:
Issue Date
8.
Final Maturity Date:
6 December 2029
The Covered Bonds, having a soft bullet maturity in
accordance with Condition 7(a), will be redeemed at the
Final Maturity Date unless their maturity is extended to
the Extended Final Maturity Date as specified below.
9.
Extended Final Maturity Date:
6 December 2030
The Final Maturity Date will be extended automatically
to the Extended Final Maturity Date if the Final
Redemption Amount is not paid by the Issuer on the
Final Maturity Date. In such case, the payment of such
2

Final Redemption Amount shall be automatically
deferred and shall become due and payable on the
Extended Final Maturity Date, provided that (i) any
amount representing the Final Redemption Amount, as
specified below, remaining unpaid on the Final Maturity
Date may be paid by the Issuer on any Specified Interest
Payment Date thereafter and (ii) interest will continue to
accrue on any unpaid amount during such extended
period at the relevant newly applicable Rate of Interest
and be payable on each relevant Specified Interest
Payment Date.
10.
Interest Basis:
0.05 per cent. Fixed Rate for the period from and
including the Interest Commencement Date to but
excluding the Final Maturity Date (further particulars
specified in paragraph 15 below).
EURIBOR 1 month plus 0.04 per cent. per annum
Floating Rate for the period from and including the Final
Maturity Date to but excluding the Extended Final
Maturity Date, or if earlier the date on which the
Covered Bonds are redeemed in full (further particulars
specified in paragraph 16 below).
11.
Redemption/Payment Basis:
Subject to any purchase and cancellation or early
redemption, the Covered Bonds will be redeemed on the
Final Maturity Date or on any Specified Interest
Payment Date occurring thereafter up to and including
the relevant Extended Final Maturity Date as the case
may be at 100 per cent. of their nominal amount.
12.
Change of Interest Basis:
Applicable Fixed/Floating Rate (further particulars
specified below in "Fixed/Floating Rate Covered Bonds
Provisions").
13.
Put/Call Options:
Not Applicable
14.
Date of Board approval for issuance of Covered
Bonds obtained:
4 April 2019 and 19 September 2019
PROVISIONS RELATING TO INTEREST PAYABLE
15.
Fixed Rate Covered Bond Provisions:
Applicable until the Final Maturity Date
(i)
Rate of Interest:
0.05 per cent. per annum payable annually in arrear on
each Interest Payment Date
(ii)
Interest Payment Dates:
6 December in each year, from and including 6
December 2020 up to and including the Final Maturity
Date.
(iii)
Fixed Coupon Amount:
50 per 100,000 in Specified Denomination.
(iv)
Broken Amount:
Not Applicable
(v)
Day Count Fraction:
Actual/Actual (ICMA) (following unadjusted)
(vi)
Determination Dates:
6 December in each year
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16.
Floating Rate Covered Bond Provisions:
Applicable if the Final Maturity Date is extended until
the Extended Final Maturity Date.
(i)
Interest Periods:
The period from and including the Final Maturity Date
to but excluding the first Specified Interest Payment
Date and each successive period from and including a
Specified Interest Payment Date to but excluding the
next succeeding Specified Interest Payment Date, up to
and excluding the Extended Final Maturity Date or, if
earlier the Specified Interest Payment Date on which the
Covered Bonds are redeemed in full subject to
adjustment in accordance with the Business Day
Convention set out in (v) below
(ii)
Specified Interest Payment Dates:
6th day of each month from (and including) 6 January
2030 up to (and including) 6 December 2030, subject to
adjustment in accordance with the Business Day
Convention set out in (v) below
(iii)
First Interest Payment Date:
6 January 2030
(iv)
Interest Period Date:
Specified Interest Payment Date
(v)
Business Day Convention:
Modified Following Business Day Convention
(adjusted)
(vi)
Business Centre(s) (Condition 6(a)):
TARGET 2
(vii)
Manner in which the Rate(s) of Interest
is/are to be determined:
Screen Rate Determination
(viii)
Party responsible for calculating the
Rate(s) of Interest and/or Interest
Amount(s) (if not the Calculation
Agent):
Not Applicable
(ix)
Screen Rate Determination:
Applicable
Benchmark:
EURIBOR 1 month
Relevant Time:
11.00 a.m. Brussels time
Interest Determination Dates:
Two (2) TARGET 2 Business Days prior to the
beginning of each Interest Period
Primary Source:
Reuters Page EURIBOR01
Reference Banks (if Primary Source is "Reference Not Applicable
Banks"):
Relevant Financial Centre:
Euro Zone
Representative Amount:
Not Applicable
Effective Date:
Not Applicable
Specified Duration:
1 month
(i)
ISDA Determination:
Not Applicable
4

(ii)
Linear Interpolation:
Not Applicable
(iii)
Margin:
+0.04 per cent. per annum
(iv)
Minimum Rate of Interest:
0 per cent. per annum
(v)
Maximum Rate of Interest:
Not Applicable
(vi)
Day Count Fraction:
Actual/360
17.
Fixed/Floating Rate Covered Bonds Provisions:
Applicable
(i)
Issuer Change of Interest Basis:
Not Applicable
(ii)
Automatic Change of Interest Basis:
Applicable
(iii)
Rate of Interest applicable to the
Interest Periods preceding the Switch
Date (excluded):
Determined in accordance with Condition 6(b), as though
the Covered Bonds were Fixed Rate Covered Bonds with
further variables set out in item 15 of these Final Terms.
(iv)
Rate of Interest applicable to the
Interest Periods following the Switch
Date (included):
Determined in accordance with Condition 6(c), as though
the Covered Bonds were Floating Rate Covered Bonds
with further variables set out in item 16 of these Final
Terms.
(v)
Switch Date:
Final Maturity Date
(vi)
Minimum notice period required for
notice from the Issuer:
Not Applicable
18.
Zero Coupon Covered Bond Provisions:
Not Applicable
PROVISIONS RELATING TO REDEMPTION
19.
Call Option:
Not Applicable
20.
Put Option:
Not Applicable
21.
Final Redemption Amount of each Covered
Bond:
100,000 per Covered Bond
22.
Early Redemption Amount:
Early Redemption Amount(s) of each Covered
Bond payable on redemption for taxation reasons,
illegality or on event of default:
Applicable
GENERAL PROVISIONS APPLICABLE TO THE COVERED BONDS
23.
Form of Covered Bonds:
Dematerialised Covered Bonds
(i)
Form of Dematerialised Covered Bonds:
Bearer form (au porteur)
(ii)
Registration Agent:
Not Applicable
5

(iii)
Temporary Global Certificate:
Not Applicable
24.
Financial Centre(s):
TARGET 2
25.
Talons for future Coupons or Receipts to be
attached to Definitive Materialised Covered Bonds
(and dates on which such Talons mature):
Not Applicable
26.
Details relating to Instalment Covered Bonds:
Not Applicable
27.
Masse (Condition 12):
Contractual Masse shall apply
Name and address of the Representative: F&S Financial
Services, Vincent Fabié, domiciled at 8 rue du
Mont-Thabor, 75001 Paris, France.
Name and address of the alternate Representative:
Aether Financial Services, 36 rue de Monceau, 75008
Paris, France.
The Representative will receive a remuneration of 400
per year.
28.
Prohibition of Sales to EEA Retail Investors:
Applicable
THIRD PARTY INFORMATION
Not Applicable
Signed on behalf of CRÉDIT AGRICOLE HOME LOAN SFH:
By:
............................................
Duly authorised
6

PART B OTHER INFORMATION
1.
LISTING AND ADMISSION TO TRADING
(i)
Listing:
Euronext Paris
(ii)
(a) Admission to trading:
Application has been made by the Issuer (or on its behalf) for the
Covered Bonds to be admitted to trading on Euronext Paris with
effect from the Issue Date; last day of trading expected to be 6
December 2029, unless their maturity is extended to the
Extended Final Maturity Date.
(b) Regulated Markets or
equivalent
markets
on
which, to the knowledge of
the Issuer, securities of the
same class of the Covered
Bonds to be admitted to
trading are already admitted
to trading:
Not Applicable
(iii)
Estimate of total expenses
related to admission to
trading:
8,200
2.
RATINGS
Ratings:
The Covered Bonds to be issued are expected to be rated:
S&P Global Ratings: AAA
Moody's Investors Service Ltd.: Aaa
Fitch Ratings: AAA
Each of S&P Global Ratings, Moody's Investors Service Ltd. and
Fitch Ratings is established in the European Union, registered
under Regulation (EU) No 1060/2009, as amended (the "CRA
Regulation") and included in the list of registered credit rating
agencies published by the European Securities and Markets
Authority
on
its
website
(www.esma.europa.eu/supervision/credit-rating-agencies/risk) in
accordance with CRA Regulation.
3.
SPECIFIC CONTROLLER
The specific controller (contrôleur spécifique) shall deliver to the Issuer (i) for each quarter a certificate relating to
the borrowing program for the relevant quarter and, (ii) in the event of an issue of Covered Bonds equaling or
exceeding Euro 500,000,000 or its equivalent in any other currency, a certificate relating to such issue.
4.
INTERESTS OF NATURAL AND LEGAL PERSONS INVOLVED IN THE ISSUE
Save for any fees payable to the Joint Lead Managers and the Co-Lead Managers in connection with the Issue of
the Covered Bonds, so far as the Issuer is aware, no person involved in the offer of the Covered Bonds has an
interest material to the issue. The Joint Lead Managers and the Co-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.
7

5.
REASONS FOR THE OFFER
Reasons for the offer:
The Covered Bonds constitute Green Covered Bonds and an
amount equal or equivalent to the proceeds will be used to finance
and/or refinance, in whole or in part, new or existing Eligible Green
Assets included or to be included in the SFH cover pool as
described in the Crédit Agricole Green Bond Framework, and as
supplemented in the appendix "Eligibility criteria for Green
Residential Real Estate" which are available on the website of the
Issuer
(https://www.credit-agricole.com/finance/finance/dette/emissions-
marche/ca-home-loan-sfh-covered-bonds#)
6.
FIXED RATE COVERED BONDS ONLY  YIELD
Indication of yield:
0.083 per cent. per annum.
The yield is calculated at the Issue Date on the basis of the Issue
Price for the period beginning on (and including) the Interest
Commencement Date and ending on (but excluding) the Final
Maturity Date. It is not an indication of future yield.
7.
HISTORIC INTEREST RATES - FLOATING RATE COVERED BONDS ONLY
(i)
Historic interest rates:
Details of historic EURIBOR rates can be obtained from Reuters
Page EURIBOR01 (or any successor)
(ii)
Benchmarks:
Amounts payable under the Covered Bonds will be calculated by
reference to EURIBOR which is provided by ICE. As at the date
hereof, ICE 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) 2016/1011), as
amended (the "Benchmark Regulation").
8.
OPERATIONAL INFORMATION
ISIN:
FR0013465010
Common Code:
208875507
Depositaries:
(i) Euroclear France to act as Central
Depositary:
Yes
(ii) Common Depositary for Euroclear Bank
and Clearstream Banking, société anonyme:
No
Any clearing system(s) other than Euroclear
Bank S.A./N.V. and Clearstream Banking,
société anonyme and the relevant
identification number(s):
Not Applicable
Delivery:
Delivery against payment
Names and addresses of additional Paying
Agent(s) (if any):
Not Applicable
8

9.
DISTRIBUTION
(i)
Method of distribution:
Syndicated
(ii)
If syndicated:
Names of Managers:
Joint Lead Managers
Banco Bilbao Vizcaya Argentaria, S.A.
Commerzbank Aktiengesellschaft
Crédit Agricole Corporate and Investment Bank
Skandinaviska Enskilda Banken AB (Publ)
The Toronto-Dominion Bank
Co-Lead Managers
Banca Akros S.p.A. Gruppo Banco BPM
Banco de Sabadell, S.A.
Bankhaus Lampe KG
DZ BANK AG Deutsche Zentral-Genossenschaftsbank, Frankfurt
am Main
OP Corporate Bank plc
Stabilisation Manager:
Crédit Agricole Corporate and Investment Bank
(iii)
If non-syndicated, name of Dealer:
Not Applicable
(iv)
U.S. selling restrictions:
The Issuer is Category 2 for the purposes of Regulation S under
the United States Securities Act of 1933, as amended.
TEFRA Not Applicable
9