Obbligazione Crédit Agricole SA 1.875% ( FR0014009UH8 ) in EUR

Crédit Agricole SA

99.44 EUR ▲

Francia

FR0014009UH8 ( in EUR )

1.875% per anno ( pagato 1 volta l'anno)

21/04/2027

Prospetto opuscolo dell'obbligazione Crédit Agricole FR0014009UH8 en EUR 1.875%, scadenza 21/04/2027

100 000 EUR

750 000 000 EUR

22/04/2026 ( In 292 giorni )

Crédit Agricole è un gruppo bancario francese leader nel settore dell'agricoltura e del credito cooperativo.

The Obbligazione issued by Crédit Agricole SA ( France ) , in EUR, with the ISIN code FR0014009UH8, pays a coupon of 1.875% per year.
The coupons are paid 1 time per year and the Obbligazione maturity is 21/04/2027

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.

Final Terms dated 20 April 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: 629
Tranche No: 1
Issue of EUR 750,000,000 Senior Non-Preferred Callable Fixed to Floating Rate Notes
due 22 April 2027 (the "Notes")
Issued by: Crédit Agricole S.A. (the "Issuer")

Lead Manager and Sole Bookrunner
CRÉDIT AGRICOLE CIB

Joint Lead Managers
HELABA
IMI INTESA SANPAOLO
SMBC NIKKO
STANDARD CHARTERED BANK AG
Co-Lead Manager
UNICREDIT

A47761984
2

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 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 Dealer 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.
A47761984
3

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 and which constitutes 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:
629
(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 750,000,000
(ii)
Tranche:
EUR
750,000,000
5.
Issue Price:
99.836 per cent. of the Aggregate Nominal
Amount
6.
Specified Denomination:
EUR 100,000
7.
(i)
Issue Date:
22 April 2022

(ii) Interest
Commencement
Issue Date
Date:
8.
Maturity Date:
The Specified Interest Payment Date
falling on or nearest to 22 April 2027
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
From (and including) the Issue Date to (but
excluding) 22 April 2026, the Notes will
bear interest at a fixed rate of interest
(further particulars specified in paragraph
A47761984
4

15 below)
From (and including) 22 April 2026 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 paragraph
16 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 20 April 2022
Provisions Relating to Interest (if any) Payable

15.

Fixed Rate Note:
Applicable from (and including) the Issue
Date to (but excluding) 22 April 2026
(i)
Rate of Interest:
1.875 per cent. per annum payable annually
in arrear from (and including) the Issue
Date to (but excluding) 22 April 2026
(ii)
Interest
Payment
Dates:
22 April in each year, from (and including)
22 April 2023, up to (and including) 22
April 2026

(iii)
Fixed Coupon Amount:
EUR 1,875 per 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:
22 April in each year
(vii)
Resettable
Notes: Not
Applicable
16.

Floating Rate Note:
Applicable from (and including) 22 April
2026 to (but excluding) the Maturity Date
unless previously redeemed on the Optional
Redemption Date
(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) 22 April 2026 to (but
excluding) the First Interest Payment Date

(ii) Specified
Interest
22 July 2026, 22 October 2026, 22 January
Payment Dates:
2027 and 22 April 2027, subject to
adjustment in accordance with the Modified
Following Business Day Convention
A47761984
5

(iii)
First Interest Payment
The Specified Interest Payment Date falling
Date:
on or nearest to 22 July 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(s):
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

Determination:
Applicable

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

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(s):
+ 0.77 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 apply
A47761984
6

Interest:

(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
22 April 2026
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
Applicable
Disqualification 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
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:
A47761984
7

DocuSign Envelope ID: D06DA9A1-AB0A-4ED0-B7D6-BD43BB782DE2

(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 400 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 20 April 2022

Duly represented by: Laurent Côte

A47761984
8

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
22 April 2022

(ii) Estimate of total expenses related to
EUR 5,000 (without tax)

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, an "A" rating means
that the Issuer's capacity to meet its financial
commitments on the obligation is strong but somewhat
susceptible to 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.
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
A47761984
9

appended to denote relative status within this
category.
3. INTERESTS OF NATURAL AND LEGAL PERSONS INVOLVED IN THE ISSUE
Save for the fees payable to the 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 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
(i)
Reasons for the offer:
The net proceeds will be used for the Issuer's general
funding requirements
(ii)
Estimated net proceeds:
EUR 747,270,000

5. YIELD
Indication of yield:
1.918 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
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 22 April 2026 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.
A47761984
10