Bond CaixaBank 0.375% ( XS2258971071 ) in EUR

CaixaBank

98.53 % ▲

Spain

XS2258971071 ( in EUR )

0.375% per year ( payment 1 time a year)

17/11/2026

Prospectus brochure of the bond Caixabank XS2258971071 en EUR 0.375%, maturity 17/11/2026

18/11/2025 ( In 167 days )

CaixaBank is a Spanish multinational financial services company headquartered in Valencia, offering a wide range of banking, insurance, and asset management services.

The Bond issued by CaixaBank ( Spain ) , in EUR, with the ISIN code XS2258971071, pays a coupon of 0.375% per year.
The coupons are paid 1 time per year and the Bond maturity is 17/11/2026

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
manufacturer/s target market assessment) and determining appropriate distribution channels.
PROHIBITION OF SALES TO EEA AND UK 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) or in the United Kingdom (the UK). 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 (ii) 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 or in the UK has been prepared and therefore offering or selling the Notes or otherwise making them
available to any retail investor in the EEA or in the UK 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).
16 November 2020
CaixaBank, S.A.
Issue of EUR 1,000,000,000 Fixed to Floating Rate Callable Senior Non-Preferred Notes due
November 2026
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 and 3 November 2020 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 will 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: 2001727898.4
1

2.
(a)
Series Number:
17
(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:
99.733 per cent. of the Aggregate Nominal Amount
6.
(a)
Specified Denominations:
EUR 100,000
(b)
Calculation Amount:
EUR 100,000
7.
(a)
Issue Date:
18 November 2020
(b)
Interest Commencement Date:
Issue Date
8.
Maturity Date:
Interest Payment Date falling in or nearest to
November 2026
9.
Interest Basis:
(a)
0.375 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 0.85 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 will be redeemed on the
Maturity Date at 100 per cent. of their nominal
amount
11.
Change of Interest Basis:
Applicable
The initial Interest Basis shall be Fixed Rate until the
Optional Redemption Date
The Interest Basis subsequent to the Optional
Redemption Date shall be Floating Rate

0012018-0003649 EUO1: 2001727898.4
2

12.
Put/Call Options:
Investor Put pursuant to Condition 5.6 of the Terms
and Conditions of the Notes is Not Applicable
Issuer Call pursuant to Condition 5.3 of the Terms
and Conditions of the Notes is Applicable. See
paragraph 18 below
Issuer Call Capital Event (Tier 2 Subordinated
Notes) pursuant to Condition 5.4 of the Terms and
Conditions of the Notes is Not Applicable
Issuer Call 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, 0.375
per cent. per annum payable in arrear on each Interest
Payment Date
(b)
Interest Payment Date(s):
18 November in each year up to and including 18
November 2025, commencing on 18 November 2021
(c)
Fixed Coupon Amount(s):
375 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):
18 November in each year
16.
Fixed Reset Provisions:
Not Applicable

0012018-0003649 EUO1: 2001727898.4
3

17.
Floating Rate Note Provisions
Applicable from and including the Optional
Redemption Date to and excluding the Maturity Date
(a)
Specified Period(s)/Specified
The Specified Interest Payment Dates are 18
Interest Payment Dates:
February 2026, 18 May 2026, 18 August 2026 and
18 November 2026, 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
Not Applicable
Centre:
(iii)
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):
+0.85 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: 2001727898.4
4

18.
Issuer Call (pursuant to Condition 5.3 of Applicable
the Terms and Conditions of the Notes):
(a)
Optional Redemption Date(s):
18 November 2025
(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 shall 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: 2001727898.4
5

PART B OTHER INFORMATION

1.
LISTING AND ADMISSION TO

TRADING
(a)
Listing:
Application will 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 will 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 España, S.A.U.
A(Low) by DBRS Ratings GmbH
Each of DBRS Ratings GmbH, Fitch Ratings
España, S.A.U., Moody's Investors Service España,
S.A. and S&P Global Ratings Europe Limited is
established in the European Union or the United
Kingdom and is registered under Regulation (EC)
No. 1060/2009 (as amended). As such DBRS
Ratings GmbH, Fitch Ratings España, S.A.U.,
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

0012018-0003649 EUO1: 2001727898.4
7

exhibits 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 España, S.A.U, 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
will 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.

0012018-0003649 EUO1: 2001727898.4
8

(b)
Estimated net proceeds:
EUR 995,374,468
5.
YIELD

Indication of yield:
0.429 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:
XS2258971071
(b)
Common Code:
225897107
(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 Yes. Note that the designation "yes" simply means
would allow 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 all times during their life. Such recognition
will 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:
CaixaBank, S.A.
Citigroup Global Markets Limited
Credit Suisse Securities (Europe) Limited
Crédit Agricole Corporate and Investment Bank
HSBC France
(c)
Stabilisation Manager(s) (if any):
Not Applicable
(d)
If non-syndicated, name of relevant Dealer:
Not Applicable
(e)
U.S. Selling Restrictions:
Reg. S Compliance Category 2; TEFRA D

0012018-0003649 EUO1: 2001727898.4
9

(f)
Prohibition of Sales to EEA and UK Retail Applicable
Investors:
(g)
Prohibition of Sales to Belgian Consumers:
Applicable

0012018-0003649 EUO1: 2001727898.4
10

Document Outline

#2">
#5">