Obbligazione Banque Fédérale du Crédit Mutuel 0.75% ( FR0013386539 ) in EUR

Banque Fédérale du Crédit Mutuel

100 EUR ⇌

Francia

FR0013386539 ( in EUR )

0.75% per anno ( pagato 1 volta l'anno)

15/06/2023 - Obbligazione è scaduto

Prospetto opuscolo dell'obbligazione Banque fédérative du crédit mutuel FR0013386539 in EUR 0.75%, scaduta

La Banque Fédérative du Crédit Mutuel è l'istituzione centrale del gruppo Crédit Mutuel, responsabile della gestione delle attività comuni e della supervisione delle banche locali.

The Obbligazione issued by Banque Fédérale du Crédit Mutuel ( France ) , in EUR, with the ISIN code FR0013386539, pays a coupon of 0.75% per year.
The coupons are paid 1 time per year and the Obbligazione maturity is 15/06/2023

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 has led to the conclusion that, in relation to the type of clients criteria only:
(i) the type of clients to whom the Notes are targeted 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' type of
clients 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' type of clients
assessment) and determining appropriate distribution channels.

FINAL TERMS dated 10 June 2020

BANQUE FÉDÉRATIVE DU CRÉDIT MUTUEL
Legal Entity Identifier (LEI): VBHFXSYT7OG62HNT8T76
Euro 52,000,000,000 Euro Medium Term Note Programme (the "Programme")
Series No: 475
Tranche No: 7

Issue of EUR 50,000,000 0.750 per cent. Senior Preferred Notes due June 2023 (the "Notes") to be
assimilated (assimilées) and form a single series with the
EUR 50,000,000 0.750 per cent. Senior Preferred Notes due June 2023 issued on 10 June 2020 as
Tranche 6 of Series 475 (the "Tranche 6 Notes"),
EUR 50,000,000 0.750 per cent. Senior Preferred Notes due June 2023 issued on 9 June 2020 as
Tranche 5 of Series 475 (the "Tranche 5 Notes"),
EUR 50,000,000 0.750 per cent. Senior Preferred Notes due June 2023 issued on 8 June 2020 as
Tranche 4 of Series 475 (the "Tranche 4 Notes"),
EUR 50,000,000 0.750 per cent. Senior Preferred Notes due June 2023 issued on 5 June 2020 as
Tranche 3 of Series 475 (the "Tranche 3 Notes"),
EUR 50,000,000 0.750 per cent. Fixed Rate Senior Preferred Notes due June 2023 issued on 28 June
2019 as Tranche 2 of Series 475 (the "Tranche 2 Notes"), and
EUR 1,250,000,000 0.750 per cent. Fixed Rate Senior Preferred Notes due June 2023 issued on 15
January 2019 as Tranche 1 of Series 475 (the "Tranche 1 Notes" and, together with the Tranche 2
Notes the Tranche 3 Notes the Tranche 4 Notes the Tranche 5 Notes and the Tranche 6 Notes, the
"Existing Notes")
under the Programme

Issued by
Banque Fédérative du Crédit Mutuel

Name of Dealer
NatWest Markets

PART A CONTRACTUAL TERMS
Terms used herein shall be deemed to be defined as such for the purposes of the French law terms and
conditions of the Notes which are the 2018 French Law EMTN Conditions (the "Conditions") which
are incorporated by reference in the Base Prospectus dated 16 July 2019 which received visa no. 19-
363 from the Autorité des marchés financiers (the "AMF") on 16 July 2019. This document
constitutes the Final Terms of the Notes described herein for the purposes of Article 5.4 of Directive
2003/71/EC of 4 November 2003 on the prospectus to be published when securities are offered to the
public or admitted to trading, as amended or superseded (the "Prospectus Directive") and must be
read in conjunction with the Base Prospectus dated 16 July 2019 and the First Supplement to the Base
Prospectus dated 4 September 2019 which received visa no. 19-424 from the AMF on 4 September
2019, the Second Supplement to the Base Prospectus dated 2 March 2020 which received visa no. 20-
065 from the AMF on 2 March 2020 and the Third Supplement to the Base Prospectus dated 20 May
2020 which received visa no. 20-206 from the AMF on 20 May 2020 which together constitute a base
prospectus for the purposes of the Prospectus Directive. 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 (as so supplemented) and the 2018 French Law EMTN Conditions. The Base Prospectus,
the Supplements to the Base Prospectus and the Final Terms are available for viewing at Banque
Fédérative du Crédit Mutuel, 4, rue Frédéric-Guillaume Raiffeisen 67000 Strasbourg and
www.bfcm.creditmutuel.fr and copies may be obtained from Banque Fédérative du Crédit Mutuel, 4,
rue Frédéric-Guillaume Raiffeisen 67000 Strasbourg and www.bfcm.creditmutuel.fr and from BNP
Paribas Security Services (in its capacity as Principal Paying Agent), 3,5,7 rue du Général Compans,
93500 Pantin, France and will be available on the AMF website www.amf-france.org.
1
Issuer:
Banque Fédérative du Crédit Mutuel
2
(i)
Series Number:
475

(ii)
Tranche Number:
7

(iii) Date on which the Notes become
The Notes will be assimilated (assimilées), form
fungible:
a single series and be interchangeable for trading
purposes with the Existing Notes on a date
which is expected to be on or about 24 July 2020
(the "Assimilation Date").
3
Specified Currency:
Euro ("EUR")
4
Aggregate Nominal Amount:

(i)
Series:
EUR 1,550,000,000

(ii)
Tranche:
EUR 50,000,000
5
Issue Price:
101.288 per cent. of the Aggregate Nominal
Amount of the Tranche plus an amount of EUR
371,926.23 corresponding to accrued interest on
such Aggregate Nominal Amount from, and
including, the Interest Commencement Date to,
but excluding, the Issue Date
6
Specified Denominations:
EUR 100,000
7
(i)
Issue Date:
12 June 2020

(ii)
Interest Commencement Date:
15 June 2019

2

8
Maturity Date:
15 June 2023
9
Interest Basis:
0.750 per cent. per annum Fixed Rate
(further particulars specified below)
10 Redemption Basis:
Subject to any purchase and cancellation or early
redemption the Notes will be redeemed at 100
per cent. of their nominal amount on the
Maturity Date.
11 Change of Interest Basis:
Not Applicable
12 Put/Call Options:
Not Applicable
13 (i)
Status of the Notes:
Senior Preferred Notes pursuant to Article L.
613-30-3-I-3° of the French Code monétaire et
Financier

(ii)
Date Board approval for issuance of
Decision of Mr. Christian Ander dated 28 May 2020,
Notes obtained:
acting pursuant to the resolution of the Board of
Directors passed on 19 February 2020
PROVISIONS RELATING TO INTEREST (IF ANY) PAYABLE
14 Fixed Rate Note Provisions:
Applicable

(i)
Fixed Rate of Interest:
0.750 per cent. per annum payable in arrear on
each Specified Interest Payment Date

(ii)
Specified Interest Payment Dates:
15 June in each year from, and including 15
June 2020 to and including, the Maturity Date

(iii) Fixed Coupon Amount:
EUR 750.00 per Specified Denomination

(iv)
Broken Amount:
Not Applicable

(v)
Day Count Fraction:
Actual/Actual-(ICMA)

(vi)
Determination Dates:
15 June in each year
15 Resettable Fixed Rate Note Provisions:
Not Applicable
16 Floating Rate Note Provisions:
Not Applicable
17 Zero Coupon Note Provisions:
Not Applicable
18 TEC 10 Linked Note Provisions:
Not Applicable
19 Inflation Linked Interest Note Provisions: Not Applicable
20
Inflation Linked Range Accrual Note
Not Applicable
Provisions:
21 CMS Linked Note Provisions:
Not Applicable
22 Range Accrual Note Provisions:
Not Applicable
PROVISIONS RELATING TO REDEMPTION
23 Issuer Call Option:
Not Applicable
24 Noteholder Put Option:
Not Applicable
25 Final Redemption Amount:
EUR 100,000 per Specified Denomination

3

26 Early Redemption Amount:
Applicable

(i)
Early Redemption Amount(s) of each
EUR 100,000 per Specified Denomination
Note payable on redemption for
taxation reasons:

(ii)
Redemption for taxation reasons
Yes
permitted on days other than Specified
Interest Payment Dates:

(iii) Unmatured Coupons to become void
Not Applicable
upon early redemption:
27 Make-Whole Redemption Option:
Not Applicable
28 Waiver of Set-off:
Applicable
29 Events of Default in respect of Senior
No Events of Default
Preferred Notes:
30 Redemption upon occurrence of a MREL or
Applicable
TLAC Disqualification Event in respect of
Senior Preferred Notes:
GENERAL PROVISIONS APPLICABLE TO THE NOTES
31 Form of Notes:
Bearer

(i)
Form:
Dematerialised Notes
Bearer form (au porteur)

(iii) Applicable TEFRA exemptions:
Not Applicable
32 Financial Centre(s):
Not Applicable
33 Talons for future Coupons or Receipts to
Not Applicable
be attached to Definitive Notes (and dates
on which such Talons mature):
34 Details relating to Instalment Notes:
Not Applicable
35 Redenomination provisions:
Not Applicable
36 Consolidation provisions:
Not Applicable
37 Purchase in accordance with Article
Applicable
L.213-1 A and D.213-1 of the French Code
monétaire et financier:
38 Any applicable currency disruption:
Not Applicable
39 Representation of Noteholders (Condition No Masse shall apply
9 of the Terms and Conditions of the
French Law Notes):
40 Governing law:
The Notes and any non-contractual obligations
arising out of or in connection with the Notes
will be governed by, and shall be construed in
accordance with, French law.
41 Prohibition of Sales to EEA and UK Retail Not Applicable
Investors:

4

RESPONSIBILITY
The Issuer accepts responsibility for the information contained in these Final Terms.
Signed on behalf of the Issuer:

By:
..........................................
Yakup KILINC
..

Duly authorised

5

PART B OTHER INFORMATION
1
LISTING AND ADMISSION TO TRADING APPLICATION
(i) Listing and admission to trading:
Application has been made by the Issuer (or on
its behalf) for the Notes to be admitted to
trading on Euronext Paris with effect from the
Issue Date.
The Existing Notes are already listed from
their respective issue date.
(ii) Estimate of total expenses related to
EUR 2,800
admission to trading:
2
RATINGS
Ratings:
The Notes to be issued are expected to be
rated:
S&P: A
Moody's: Aa3
Fitch Ratings: AA-
S&P, Moody's and Fitch Ratings are
established in the European Union or the
United
Kingdom
and
registered
under
Regulation (EC) No 1060/2009.
3
INTERESTS OF NATURAL AND LEGAL PERSONS INVOLVED IN THE ISSUE
So far as the Issuer is aware, no person involved in the offer of the Notes has an interest material
to the issue.
4
REASONS FOR THE ISSUE, ESTIMATED NET PROCEEDS AND TOTAL EXPENSES
(i) Reasons for the offer:
See "Use of Proceeds" wording in the Base
Prospectus
(ii) Estimated net proceeds:
EUR 51,015,926.23 (including the amount
corresponding to accrued interest)
(iii) Estimated total expenses:
Not Applicable
5
YIELD
Indication of yield:
0.3191 per cent. per annum
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
OPERATIONAL INFORMATION
ISIN Code:
FR0013516309 until the Assimilation Date,
FR0013386539 thereafter.
Common Code:
218377335 until the Assimilation Date,

6

192435021 thereafter.
CFI:
DTFXXX
FISN:
DBT 20230615
Any clearing system(s) other than Euroclear
Bank SA/NV and Clearstream Banking, S.A.,
Euroclear France and the relevant
identification number(s):
Not Applicable
Delivery:
Delivery against payment
Names and addresses of additional Paying
Not Applicable
Agent(s) (if any):
7
DISTRIBUTION
(i)
Method of distribution:
Non-syndicated
(ii)
If syndicated:

(a)
Names of Managers:
Not Applicable
(b)
Stabilising Manager(s) if any:
Not Applicable
(iii) If non-syndicated, name of Dealer:
NatWest Markets N.V.
(iv) US Selling Restrictions (Categories of
Reg. S Compliance Category 2 applies to the
potential investors to which the Notes
Notes;
are offered):
TEFRA Not Applicable

7