Bond Agrícola Credit (London Branch) 0.89% ( XS1960275300 ) in JPY

Agrícola Credit (London Branch)

100 % ⇌

France

XS1960275300 ( in JPY )

0.89% per year ( payment 1 time a year)

07/03/2029

Prospectus brochure of the bond Credit Agricole (London Branch) XS1960275300 en JPY 0.89%, maturity 07/03/2029

100 000 JPY

7 400 000 000 JPY

07/03/2026 ( In 25 days )

Crédit Agricole Corporate and Investment Bank's London branch provides a range of financial services, including corporate banking, investment banking, and capital markets activities, serving primarily institutional clients.

The Bond issued by Agrícola Credit (London Branch) ( France ) , in JPY, with the ISIN code XS1960275300, pays a coupon of 0.89% per year.
The coupons are paid 1 time per year and the Bond maturity is 07/03/2029

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 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.

Final Terms dated 5 March 2019

Crédit Agricole S.A.
acting through its London branch
Euro 75,000,000,000
Euro Medium Term Note Programme

Series No: 545
Tranche No: 1

Issue of JPY 7,400,000,000 Senior Non-Preferred Fixed Rate Notes due March 2029 (the "Notes")
Issued by: Crédit Agricole S.A. acting through its London branch (the "Issuer")

Joint Lead Managers
CRÉDIT AGRICOLE CIB
DAIWA CAPITAL MARKETS EUROPE
NOMURA
SMBC NIKKO

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 Dealer to publish a prospectus pursuant to Article 3 of the Prospectus
Directive or supplement a prospectus pursuant to Article 16 of the Prospectus Directive, in each case, in
relation to such offer.
Neither the Issuer nor any Dealer has authorised, nor do they authorise, the making of any offer of Notes in
any other circumstances.
The expression "Prospectus Directive" means Directive 2003/71/EC as amended (including by Directive
2010/73/EU) and includes any relevant implementing measure in the relevant Member State.

A38395879
2

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 English Law Notes" in the base prospectus dated 9 April 2018 which has received
visa no. 18-123 from the Autorité des marchés financiers (the "AMF") on 9 April 2018, the supplement no. 1 to
it dated 23 May 2018 which has received visa no. 18-193 from the AMF on 23 May 2018, the supplement no. 2
to it dated 27 August 2018 which has received visa no. 18-398 from the AMF on 27 August 2018, the
supplement no. 3 to it dated 14 November 2018 which has received visa no. 18-513 from the AMF on
14 November 2018, the supplement no. 4 to it dated 27 November 2018 which has received visa no. 18-539
from the AMF on 27 November 2018, the supplement no. 5 to it dated 7 January 2019 which has received visa
no. 19-006 from the AMF on 7 January 2019 and the supplement no. 6 to it dated 22 February 2019 which has
received visa no. 19-057 from the AMF on 22 February 2019 and which together constitute a base prospectus
for the purposes of the Prospectus Directive (the "Base Prospectus"). This document constitutes the Final
Terms of the Notes 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/en/finance/finance) and on the website of the AMF (www.amf-france.org) and copies may be
obtained from Crédit Agricole S.A., 12, place des Etats-Unis, 92127 Montrouge Cedex, France.
1.
Issuer:
Crédit Agricole S.A. acting through its London branch
2.
(i)
Series Number:
545

(ii)
Tranche Number:
1

(iii)
Date on which the Notes become
fungible:
Not Applicable
3.
Specified Currency or Currencies:
Japanese Yen ("JPY")
4.
Aggregate Nominal Amount:

(i)
Series:
JPY 7,400,000,000

(ii)
Tranche:
JPY 7,400,000,000
5.
Issue Price:
100.00 per cent. of the Aggregate Nominal Amount
6.
Specified Denominations

(i)
Specified Denomination:
JPY 100,000,000

(ii)
Calculation Amount:
JPY 100,000,000
7.
(i)
Issue Date:
7 March 2019

(ii)
Interest Commencement Date:
Issue Date
8.
Maturity Date:
7 March 2029
9.
Interest Basis:
0.890 per cent. Fixed Rate
(further particulars specified in paragraph 15 below)
A38395879
3

10.
Redemption Basis:
Subject to any purchase and cancellation or early
redemption, the Notes will be redeemed on the
Maturity Date at 100 per cent. of their nominal
amount.
11.
Change of Interest Basis:
Not Applicable
12.
Put/Call Options:
Not Applicable
13.
Status:
Senior Non-Preferred Notes
14.
Dates of the corporate authorisations for
issuance of the Notes:
Resolution of the Board of Directors of the Issuer
dated 13 February 2019 and the décision d'émission
dated 5 March 2019

Provisions Relating to Interest (if any) Payable
15.
Fixed Rate Note:
Applicable

(i)
Rate of Interest:
0.890 per cent. per annum payable semi-annually in
arrear on each Interest Payment Date

(ii)
Interest Payment Dates:
7 March and 7 September in each year from and
including 7 September 2019 up to, and including, the
Maturity Date

(iii)
Fixed Coupon Amount:
JPY 445,000 per Calculation Amount payable on
each Interest Payment Date

(iv)
Broken Amount:
Not Applicable

(v)
Day Count Fraction:
30/360, not adjusted

(vi)
Determination Dates:
Not Applicable

(vii)
Resettable:
Not Applicable
16.
Floating Rate Note:
Not Applicable
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 Issuer (Call
Option):
Not Applicable
21.
Clean-up Redemption Option:
Not Applicable
A38395879
4

22.
Redemption at the Option of Noteholders

(Put Option):
Not Applicable
23.
(i)
MREL/TLAC Disqualification Event
Call Option:
Applicable

(ii)
Early Redemption Amount(s) of
each Note and method, if any, of
calculation of such amount(s):
Final Redemption Amount
24.
Final Redemption Amount of each Note:
Subject to any purchase and cancellation or early
redemption, the Notes will be redeemed on the
Maturity Date at 100 per cent. of their outstanding
principal amount
25.
Early Redemption Amount of each Note:
Final Redemption Amount
26.
Make-Whole Redemption Amount:
Not Applicable
27.
Substitution and Variation:
Applicable
General Provisions Applicable to the Notes
28.
Form of Notes:
Bearer Notes

Temporary or permanent Global Note

(Bearer Notes):
Temporary Global Note exchangeable for a
Permanent Global Note which is exchangeable for
Definitive Bearer Notes in the limited circumstances
specified in the Permanent Global Note
29.
New Global Note:
Yes
30.
Global Certificate held under NSS:
No
31.
Financial Center:
Tokyo
32.
Talons for future Coupons or Receipts to

be attached to Definitive Notes (and dates

on which such Talons mature):
No
33.
Details relating to Instalment Notes: amount
of each Instalment, date on which each
payment is to be made:
Not Applicable
34.
Applicable tax regime:
Condition 9(a) and Condition 9(b) apply

A38395879
5

Part B -- Other Information
1.
LISTING AND ADMISSION TO TRADING
(i)
Listing:
Not Applicable
(ii)
Estimate of total expenses

related to admission to

trading:
Not Applicable
2. RATINGS

The Notes to be issued are expected to be rated:
Standard & Poor's: A-
Moody's: Baa2
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.

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. YIELD
Indication of yield:
0.890 per cent. per annum

The yield in respect of this issue of Fixed Rate Notes
is calculated on the basis of the Issue Price using
the following formula:

C
P=
(1-(1+r)-n) + A(1+r)-n
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 7 March 2029 in years; and
r
is the yield.
A38395879
7

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.
5. OPERATIONAL INFORMATION
Intended to be held in a manner which

would allow Eurosystem eligibility:
No. Whilst the designation is specified as "no" at the
date of these Final Terms, should the Eurosystem
eligibility criteria be amended in the future such that
the Notes are capable of meeting them the Notes may
then be deposited with one of the ICSDs as common
safekeeper. Note that this does not necessarily mean
that the Notes will then be recognised as eligible
collateral for Eurosystem monetary policy and intra
day credit operations by the Eurosystem at any time
during their life. Such recognition will depend upon
the ECB being satisfied that Eurosystem eligibility
criteria have been met.
ISIN:
XS1960275300
Common Code:
196027530
Any clearing system(s) other than
Euroclear Bank SA/NV and Clearstream
Banking Société Anonyme and the
relevant identification number(s):
Not Applicable
Delivery:
Delivery against payment
Names and addresses of Paying Agent(s)
(including any additional Paying

Agent(s)):
Citibank, N.A., London Branch
Citigroup Centre
Canada Square
Canary Wharf
London E14 5LB
United Kingdom
6. DISTRIBUTION
1.
Method of distribution:
Syndicated
2.
If syndicated,

(i)
Names of Managers:
Joint Lead Managers
Crédit Agricole Corporate and Investment Bank
Daiwa Capital Markets Europe Limited
Nomura International plc
SMBC Nikko Capital Markets Limited
A38395879
8

(ii)
Date of Subscription

Agreement (if any):
5 March 2019

(iii)
Stabilisation Manager(s) (if

any):
Not Applicable
3.
If non-syndicated, name of Dealer:
Not Applicable
4.
U.S. Selling Restrictions:
Reg. S Compliance Category 2; TEFRA D
5.
Prohibition of Sales to EEA Retail
Investors:
Not Applicable
6.
Additional Selling Restrictions:
Not Applicable
7.
Non-exempt Offer:
Not Applicable

A38395879
9

Document Outline

#7">Part B „ Other Information