Bond Crédit Agricole SA 4% ( FR001400D0Y0 ) in EUR

Crédit Agricole SA

100 % ▲

France

FR001400D0Y0 ( in EUR )

4% per year ( payment 1 time a year)

11/10/2026

Prospectus brochure of the bond Crédit Agricole FR001400D0Y0 en EUR 4%, maturity 11/10/2026

100 000 EUR

1 000 000 000 EUR

12/10/2025 ( In 100 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 FR001400D0Y0, pays a coupon of 4% per year.
The coupons are paid 1 time per year and the Bond maturity is 11/10/2026

DocuSign Envelope ID: B272E895-EDB0-4FDA-92EC-48ADEA317766
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 Directive (EU) 2014/65 (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.
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 UK 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.
A49253867

DocuSign Envelope ID: B272E895-EDB0-4FDA-92EC-48ADEA317766
Final Terms dated 10 October 2022
Crédit Agricole S.A.
Legal Entity Identifier (LEI) of the Issuer is 969500TJ5KRTCJQWXH05
Euro 85,000,000,000
Euro Medium Term Note Programme
Series No: 644
Tranche No: 1
Issue of Euro 1,000,000,000 Senior Non-Preferred Callable Fixed to Floating Rate Social
Notes due 12 October 2026 (the "Notes")
Issued by: Crédit Agricole S.A. (the "Issuer")
Structuring Advisor, Lead Manager and Sole Bookrunner
Crédit Agricole CIB
Joint Lead Managers
ABN AMRO
BMO Capital Markets
Mediobanca
Any person making or intending to make an offer of the Notes may only do so in circumstances
in which no obligation arises for the Issuer or any Joint Lead Manager to publish a prospectus
pursuant to Article 3 of the Prospectus Regulation or supplement a prospectus pursuant to
Article 23 of the Prospectus Regulation, in each case, in relation to such offer.
Neither the Issuer nor any Joint Lead Manager has authorised, nor do they authorise, the
making of any offer of Notes in any other circumstances.
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 consumer (consument/ consommateur)
within the meaning of the Belgian Code of Economic Law (Wetboek van economisch
recht/Code de droit économique), as amended, in Belgium.
The expression "Prospectus Regulation" means Regulation (EU) No 2017/1129, as amended.
A49253867
2

DocuSign Envelope ID: B272E895-EDB0-4FDA-92EC-48ADEA317766
Part A -- Contractual Terms
Terms used herein shall be deemed to be defined as such for the purposes of the Conditions set
forth in "Terms and Conditions of the French Law Notes" in the base prospectus dated 8 April
2022 which has received approval no. 22-090 from the Autorité des marchés financiers
(the "AMF") on 8 April 2022, the first supplement to it dated 17 May 2022 which has received
approval no. 22-158 from the AMF on 17 May 2022, the second supplement to it dated 27 June
2022 which has received approval no. 22-246 from the AMF on 27 June 2022 and the third
supplement to it dated 17 August 2022 which has received approval no. 22-353 from the AMF
on 17 August 2022, 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 Article 8 of the Prospectus Regulation and must
be read in conjunction with the Base Prospectus. 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 is available for viewing on the website of the Issuer
(https://www.credit-agricole.com/finance/finance/dette/emissions-marche/credit-agricole-s.a.-
emissions-marche), on the website of the AMF (www.amf-france.org) and copies may be
obtained from Crédit Agricole S.A., 12, Place des États-Unis, 92127 Montrouge Cedex, France.
1.
Issuer:
Crédit Agricole S.A.
2.
(i)
Series Number:
644
(ii)
Tranche Number:
1
(iii)
Date on which the Notes
Not Applicable
become fungible:
3.
Specified Currency or Currencies:
Euro ("EUR")
4.
Aggregate Nominal Amount:
(i)
Series:
EUR 1,000,000,000
(ii)
Tranche:
EUR 1,000,000,000
5.
Issue Price:
99.853 per cent. of the Aggregate Nominal
Amount
6.
Specified Denomination:
EUR 100,000
7.
(i)
Issue Date:
12 October 2022
(ii)
Interest Commencement
Issue Date
Date:
8.
Maturity Date:
The Specified Interest Payment Date
falling on or nearest to 12 October 2026
9.
Interest Basis:
Fixed/Floating Rate Notes
(further particulars specified in
paragraphs 15 and 16 below)
10.
Redemption Basis:
Subject to any purchase and cancellation or
early redemption, the Notes will be
redeemed on the Maturity Date at 100.00
per cent. of their nominal amount
11.
Change of Interest Basis:
Applicable
A49253867
3

DocuSign Envelope ID: B272E895-EDB0-4FDA-92EC-48ADEA317766
From (and including) the Issue Date to (but
excluding) the Optional Redemption Date,
the Notes will bear interest at a fixed rate of
interest
(further particulars specified in paragraph
15 below)
From (and including) the Optional
Redemption Date to (but excluding) the
Maturity Date, the Notes will bear interest
at a floating rate of interest unless
previously redeemed on the Optional
Redemption Date
(further particulars specified in paragraphs
16
and
20
below)
12.
Noteholder Put/Issuer Call:
Issuer Call
(further particulars specified in paragraph
20 below)
13.
Status:
Senior Non-Preferred Notes
14.
Dates of the corporate
Resolution of the Board of Directors of the
authorisations for issuance of the
Issuer dated 9 February 2022 and the
Notes:
décision d'émission dated 10 October 2022
Provisions Relating to Interest (if any) Payable
15.
Fixed Rate Note:
Applicable from (and including) the Issue
Date to (but excluding) the Optional
Redemption Date
(i)
Rate of Interest:
4.00 per cent. per annum payable annually
in arrear on each Interest Payment Date
from (and including) the Issue Date to (but
excluding) the Optional Redemption Date
(ii)
Interest Payment Dates:
12 October in each year, from (and
including) 12 October 2023, up to (and
including) the Optional Redemption Date
(iii)
Fixed Coupon Amount:
EUR 4,000 per Note of EUR 100,000
Specified Denomination payable on each
Interest Payment Date
(iv)
Broken Amount:
Not Applicable
(v)
Day Count Fraction:
Actual/Actual-ICMA, not adjusted
(vi)
Determination Dates:
12 October in each year
(vii)
Resettable Notes:
Not Applicable
16.
Floating Rate Note:
Applicable from (and including) the
Optional Redemption Date to (but
excluding) the Maturity Date unless
previously redeemed on the Optional
Redemption Date
A49253867
4

DocuSign Envelope ID: B272E895-EDB0-4FDA-92EC-48ADEA317766
(i)
Interest Period(s):
Each period from (and including) a
Specified Interest Payment Date to (but
excluding) the next subsequent Specified
Interest Payment Date, save for the first
Interest Period which shall be the period
from (and including) the Optional
Redemption Date to (but excluding) the
First Interest Payment Date
(ii)
Specified Interest
12 January 2026, 12 April 2026, 12 July
Payment Dates:
2026 and 12 October 2026, subject to
adjustment in accordance with the Business
Day Convention set out in (v) below
(iii)
First Interest Payment
The Specified Interest Payment Date falling
Date:
on or nearest to 12 January 2026, subject to
adjustment in accordance with the Business
Day Convention set out in (v) below
(iv)
Interest Period Date:
Not Applicable
(v)
Business Day Convention: Modified
Following
Business
Day
Convention
(vi)
Business Center:
TARGET2
(vii)
Manner in which the
Screen Rate Determination
Rate(s) of Interest is/are to
be determined:
(viii)
Party responsible for
Not Applicable
calculating the Rate(s) of
Interest and Interest
Amount(s) (if not the
Calculation Agent):
(ix)
Screen Rate
Applicable
Determination:

Reference Rate:
3-month EURIBOR

Benchmark:
Not Applicable

Relevant Inter-
Euro-zone
Bank Market:

Relevant Screen
11:00 a.m., Brussels time
Page Time:

Interest
The day falling two (2) TARGET2
Determination
Business Days prior to the first day in each
Date:
Interest Accrual Period

Relevant Screen
Reuters EURIBOR01
Page:

Lookback Days:
Not Applicable

Observation Shift
Not Applicable
days:

Relevant Number: Not Applicable
A49253867
5

DocuSign Envelope ID: B272E895-EDB0-4FDA-92EC-48ADEA317766

Interest Accrual
Not Applicable
Period End Dates:

Interest Payment
Not Applicable
Delay:
(x)
ISDA Determination:
Not Applicable
(xi)
FBF Determination:
Not Applicable
(xii)
Linear Interpolation:
Not Applicable
(xiii)
Margin:
+ 1.35 per cent. per annum
(xiv)
Minimum Rate of Interest: 0.00 per cent. Condition 5(i) shall apply
(xv)
Maximum Rate of
Not Applicable Condition 5(i) shall
Interest :
apply
(xvi)
Day Count Fraction:
Actual/360, adjusted
17.
Zero Coupon Note:
Not Applicable
18.
CMS Linked Note:
Not Applicable
19.
Inflation Linked Notes:
Not Applicable
Provisions Relating to Redemption
20.
Redemption at the Option of the
Applicable
Issuer (Issuer Call):
(i)
Optional Redemption
12 October 2025
Date(s):
(ii)
Optional Redemption
EUR 100,000 per Note of EUR 100,000
Amount(s) of each Note
Specified Denomination
and method, if any, of
calculation of such
amount(s):
(iii)
If redeemable in part:
a) Minimum Redemption
Not Applicable
Amount
b) Maximum Redemption
Not Applicable
Amount
(iv)
Notice Period:
As per Conditions
21.
Clean-up Redemption Option:
Not Applicable
22.
Redemption at the Option of
Not Applicable
Noteholders (Noteholder Put):
23.
(i) MREL/TLAC Disqualification Applicable
Event Call Option:
(ii) Early Redemption Amount:
Final Redemption Amount
24.
Final Redemption Amount of each
Subject to any purchase and cancellation or
Note:
early redemption, the Notes will be
redeemed on the Maturity Date at 100.00
per cent. of their outstanding principal
A49253867
6

DocuSign Envelope ID: B272E895-EDB0-4FDA-92EC-48ADEA317766
amount
25.
Early Redemption Amount of each
EUR 100,000 per Note of EUR 100,000
Note:
Specified Denomination
26.
Make-Whole Redemption Amount:
Not Applicable
General Provisions Applicable to the Notes
27.
(i)
Form of Notes (Bearer
Dematerialised Notes
Notes):
(ii)
Form of Dematerialised
Bearer dematerialised form (au porteur)
Notes:
(iii)
Registration Agent:
Not Applicable
(iv)
Calculation Agent(s) (if
Not Applicable
not the Fiscal Agent)
(v)
Temporary Global
Not Applicable
Certificate:
28.
Exclusion of the possibility to
Not Applicable
request identification of a
Noteholder as Provided by
Condition 1(a):
29.
Financial Center:
TARGET2
30.
Talons for future Coupons or
Not Applicable
Receipts to be attached to
Definitive Materialised Bearer
Notes (and dates on which such
Talons mature):
31.
Details relating to Instalment
Not Applicable
Notes:
32.
Applicable tax regime:
Condition 9(a) applies
33.
Representation of holders of French Contractual Masse shall apply
Law Notes Masse:
Primary Appointed Representative: as per
the Conditions F&S Financial Services,
13, rue Oudinot, 75007 Paris, France
Alternate Appointed Representative: as per
the Conditions Aether Financial Services,
36, rue de Monceau, 75008 Paris, France
The Primary Appointed Representative or,
as the case may be, the Alternate Appointed
Representative, will receive a remuneration
of EUR 300 per year (excluding taxes),
payable as per the Conditions.
Responsibility
I hereby accept responsibility for the information contained in these Final Terms.
Signed on behalf of the Issuer on 10 October 2022
A49253867
7

DocuSign Envelope ID: B272E895-EDB0-4FDA-92EC-48ADEA317766
Duly represented by: Laurent Côte
PART B OTHER INFORMATION
1. LISTING AND ADMISSION TO TRADING
(i) Listing:
Application has been made for the Notes to be
admitted to trading on Euronext Paris with effect from
12 October 2022
(ii) Estimate of total expenses related
EUR 3,600 (without tax)
to admission to trading:
2. RATINGS
The Notes to be issued have been rated:
Standard & Poor's: A-
Moody's: A3
Fitch: A+
Standard & Poor's, Moody's and Fitch are established
in the European Union and are registered under
Regulation (EC) No 1060/2009 (the "CRA
Regulation"). As such, Standard & Poor's, Moody's
and Fitch are included in the list of credit rating
agencies published by the European Securities and
Market Authority on its website in accordance with
the
CRA
Regulation
(www.esma.europa.eu/supervision/credit-rating-
agencies/risk). As defined by Standard & Poor's, a
"A" rating means that the Issuer's capacity to meet its
financial commitment on the obligation is strong but
somewhat susceptible to adverse economic conditions
and changes in circumstances. The addition of a minus
(-) sign shows relative standing within that rating
categories.
As defined by Moody's, obligations rated "A" by
Moody's are judged to be upper-medium grade and
are subject to low credit risk. The modifier 3 indicates
a ranking in the lower end of that generic rating
category.
A49253867
8

DocuSign Envelope ID: B272E895-EDB0-4FDA-92EC-48ADEA317766
As defined by Fitch, an "A" rating denotes
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 this
category.
3. INTERESTS OF NATURAL AND LEGAL PERSONS INVOLVED IN THE ISSUE
Save as discussed in "Subscription and Sale" in the Base Prospectus, so far as the Issuer is
aware, no person involved in the issue of the Notes has an interest material to the issue.
4. REASONS FOR THE OFFER AND ESTIMATED NET PROCEEDS
(i)
Reasons for the offer:
The Notes constitute Social Notes and an amount
equal or equivalent to the net proceeds will be used to
finance and/or refinance, in whole or in part, one or
more of the Eligible Social Assets as described in the
Social Bond Framework of the Issuer.
The Issuer has appointed Vigeo Eiris to provide a
second party opinion (the "Second Party Opinion")
on the Social Bond Framework and its alignment with
ICMA's Social Bonds Principles.
The Social Bond Framework and the Second Party
Opinion are available on the Issuer's website
(https://www.credit-
agricole.com/en/finance/finance/debt).
(ii)
Estimated net proceeds:
EUR 996,780,000
5. YIELD
Indication of yield:
4.00 per cent. per annum
The yield in respect of paragraph 15 of PART A of
this issue of Fixed to Floating Rate Notes is
calculated on the basis of the Issue Price using the
following formula:
P=
C (1-(1+r)-n) + A(1+r)-n
A49253867
9

DocuSign Envelope ID: B272E895-EDB0-4FDA-92EC-48ADEA317766
r
where:
P
is the Issue Price of the Notes;
C
is the Interest Amount;
A
is the outstanding principal amount of Notes
due on redemption;
n
is time to 12 October 2025 in years; and
r
is the yield.
As set out above, the yield is calculated at the Issue
Date on the basis of the Issue Price. It is not an
indication of future yield.
6. PERFORMANCE OF RATES
Historic interest rate:
Details of performance of EURIBOR rates can be
obtained from Reuters
Benchmarks:
Amounts payable under the Notes will be calculated
by reference to EURIBOR which is provided by
European Money Markets Institute (EMMI). As at the
date of these Final Terms, European Money Markets
Institute (EMMI) 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) No. 2016/1011, as
amended) (the "Benchmark Regulation"), or the
register of administrators and benchmarks established
and maintained by the Financial Conduct Authority in
the United Kingdom pursuant to Article 36 of the
Benchmark Regulation as it forms part of UK
domestic law by virtue of the EUWA (the "UK
Benchmark Regulation").
7. OPERATIONAL INFORMATION
(i)
ISIN:
FR001400D0Y0
(ii)
Common Code:
254185710
(iii)
Any clearing system(s) other
than Euroclear Bank SA/NV and
Clearstream Banking Société
A49253867
10

Document Outline

Part A „ Contractual Terms