Obbligazione Crédit Agricole SA 5.971% ( XS0343877451 ) in EUR

Crédit Agricole SA

100 EUR ⇌

Francia

XS0343877451 ( in EUR )

5.971% per anno ( pagato 1 volta l'anno)

01/02/2018 - Obbligazione è scaduto

Prospetto opuscolo dell'obbligazione Crédit Agricole XS0343877451 in EUR 5.971%, scaduta

50 000 EUR

2 375 000 000 EUR

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 XS0343877451, pays a coupon of 5.971% per year.
The coupons are paid 1 time per year and the Obbligazione maturity is 01/02/2018

Final Terms dated 14 March 2008

Crédit Agricole S.A.
Euro 50,000,000,000
Euro Medium Term Note Programme
Series No: 232
Tranche No: 2
500,000,000 Dated Subordinated Fixed Rate Notes due 2018 (the "Notes")
to be consolidated and form a single series with
the 1,500,000,000 Dated Subordinated Fixed Rate Notes due 2018 issued on 1 February
2008 (the "Original Notes")
Issued by: Crédit Agricole S.A. (the "Issuer")
BARCLAYS CAPITAL
CALYON CREDIT AGRICOLE CIB
JPMORGAN
Part A -- Contractual Terms
Terms used herein shall be deemed to be defined as such for the purposes of the Conditions set
forth in the Base Prospectus dated 4 June 2007 and the supplements to the Base Prospectus
dated
20 June 2007,
4 September 2007,
12 September 2007,
19 November 2007,
15 January 2008 and 7 March 2008 (together, the "Base Prospectus") which constitutes a base
prospectus for the purposes of the Prospectus Directive (Directive 2003/71/EC) (the "Prospectus
Directive"). This document constitutes the Final Terms of the Notes described herein for the
purposes of Article 5.4 of the Prospectus Directive and must be read in conjunction with such 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 and the
supplements to the Base Prospectus are available for viewing on the website of the Luxembourg
Stock Exchange (www.bourse.lu) and copies may be obtained from Crédit Agricole S.A., 91-93,
boulevard Pasteur, 75015 Paris, France.
1 Issuer:
Crédit Agricole S.A.
2

(i) Series
Number:
232
(ii) Tranche
Number:
2
The Notes shall be consolidated, form a single
series and be interchangeable for trading
purposes with the Original Notes, upon
A09138967
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certification as to non-US beneficial ownership
expected to occur on or around 28 April 2008
(the "Exchange Date")
3
Specified Currency or Currencies:
Euro ("")
4 Aggregate
Nominal
Amount:

(i) Series:
2,000,000,000
(ii) Tranche:
500,000,000
5 Issue
Price:
101.055 per cent. of the Aggregate Nominal
Amount of this Tranche 2 plus an amount equal
to 0.75045 per cent. of such Aggregate Nominal
Amount (such amount being 3,752,300)
corresponding to accrued interest from, and
including, 1 February 2008 to, but excluding, the
Issue Date (i.e. 46 days accrued interest)
6 Specified
Denomination:
50,000
7 (i) Issue
Date:
18 March 2008
(ii)
Interest Commencement Date:
1 February 2008
8 Maturity
Date:
1 February 2018
9 Interest
Basis:
5.971 per cent. Fixed Rate
(further particulars specified in paragraph 15
below)
10 Redemption/Payment
Basis:
Redemption at par
11 Change of Interest or

Redemption/Payment Basis:
Not Applicable
12 Put/Call
Options:
Not Applicable
13

(i)
Status of the Notes:
Dated Subordinated Notes. The Notes
constitute obligations under French Law.
As provided by Condition 3(b), the Notes, which
constitute obligations under French law, and the
Coupons relating thereto, constitute direct,
unsecured subordinated obligations of the
Issuer and rank pari passu and without any
preference among themselves and rateably with
all other present or future unsecured
subordinated obligations of the Issuer with the
exception of the prêts participatifs granted to the
Issuer, the titres participatifs issued by the
Issuer, and any other subordinated obligations
of the Issuer ranking junior to such prêts
participatifs and titres participatifs (including
titres subordonnés de dernier rang).
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If any judgment is rendered by any competent
court declaring the judicial liquidation
(liquidation judiciaire) of the Issuer or if the
Issuer is liquidated for any other reason, the
payment obligation of the Issuer under the
Notes and the Coupons relating thereto, shall
be subordinated to the payment in full of the
unsubordinated creditors of the Issuer and,
subject to such payment in full, the holders of
the Notes will be paid in priority to any prêts
participatifs granted to the Issuer, any titres
participatifs issued by the Issuer and any other
subordinated obligations of the Issuer ranking
junior to such prêts participatifs and titres
participatifs (including titres subordonnés de
dernier rang).
In the event of incomplete payment of
unsubordinated creditors on the liquidation
judiciaire of the Issuer, the obligations of the
Issuer in connection with the Notes and the
Coupons relating thereto, will be terminated by
operation of the law.
It is the intention of the Issuer that the Notes
shall, for supervisory purposes, be treated as
supplementary capital (fonds propres
complémentaires) within the meaning of
Article 4(d) of the Comité de la Réglementation
Bancaire et Financière Regulation N° 90-02 of
23 February 1990 as amended ("Lower Tier 2
Capital") but that the obligations of the Issuer
and the rights of the Noteholders under the
Notes or the Coupons shall not be affected if the
Notes no longer qualify as supplementary
capital.
(ii)
Dates of the corporate
Resolution of the Board of Directors of the
authorisations for issuance of the
Issuer dated 15
May
2007 and decision
Notes:
d'émission dated 14 March 2008.
14 Method of distribution:
Syndicated
Provisions Relating to Interest (if any) Payable
15 Fixed Rate Note Provisions
Applicable
(i)
Rate of Interest:
5.971 per cent. per annum payable annually in
arrear
(ii)
Specified Interest Payment Date(s): 1
February in each year commencing on
1 February 2009
(iii)
Fixed Coupon Amount:
2,985.50 per Specified Denomination
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(iv)
Broken Amount(s):
Not Applicable
(v)
Day Count Fraction:
Actual/Actual-ICMA
(vi)
Determination Dates:
1 February in each year
(vii) Other terms relating to the method

of calculating interest for Fixed Rate
Notes:
Not Applicable
16 Floating Rate Note Provisions
Not Applicable
17 Zero Coupon Note Provisions
Not Applicable
18 Index-Linked Interest Note/other

variable-linked interest Note Provisions Not Applicable
19 Dual Currency Note Provisions
Not Applicable
Provisions Relating to Redemption

20 Redemption at the Option of the Issuer

(Call Option)
Not Applicable
21 Redemption at the Option of

Noteholders (Put Option)
Not Applicable
22 Final Redemption Amount of each Note
50,000 per Note of 50,000 Specified
Denomination
23 Early Redemption Amount

(i) Early Redemption Amount(s) of
each Note payable on redemption
for taxation reasons (Condition 6(b))
or on event of default (Condition 10)
or other early redemption and/or the
method of calculating the same (if
required or if different from that set 50,000 per Note of 50,000 Specified
out in the Conditions):
Denomination
(ii)
Redemption for taxation reasons

permitted on days other than

Specified Interest Payment Dates

(Condition 6(b))
Yes
(iii)
Unmatured Coupons to become

void upon early redemption
No
General Provisions Applicable to the Notes

24 Form of Notes:
Bearer Notes:
New Global Note:
Yes

Temporary Global Note exchangeable for a
Permanent Global Note which is exchangeable
for Definitive Notes in the limited circumstances
specified in the Permanent Global Note
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25 Financial Centre(s) or other special

provisions relating to Payment Dates:
Not Applicable
26 Talons for future Coupons or Receipts to

be attached to Definitive Notes (and dates

on which such Talons mature):
Not Applicable
27 Details relating to Partly Paid Notes:

amount of each payment comprising the

Issue Price and date on which each

payment is to be made and consequences
(if any) of failure to pay, including any right

of the Issuer to forfeit the Notes and

interest due on late payment:
Not Applicable
28 Details relating to Instalment Notes:

amount of each instalment, date on which

each payment is to be made:
Not Applicable
29 Redenomination, renominalisation and

reconventioning provisions:
Not Applicable
30 Consolidation
provisions:
Not Applicable
31 Applicable tax regime:
Condition 8(a) applies
32 Other final terms:
For the avoidance of doubt, attention is drawn to
the provisions of Condition
6(g) of the
Conditions which provide that the Issuer shall
require the prior approval of the Secréteriat
Général of the Commission Bancaire before
purchasing Notes in accordance with such
Condition if such purchase relates (individually
or when aggregated with any previous
purchases) to 10 per cent. or more of the
principal amount of the Notes originally issued.
Distribution

33

(i)
If syndicated, names of Managers Barclays Bank PLC
(specifying Lead Manager):
CALYON
J.P. Morgan Securities Ltd.
(ii)
Date of Subscription Agreement (if

any):
14 March 2008
(iii)
Stabilising Manager(s) (if any):
Not Applicable
34 If non-syndicated, name of Dealer:
Not Applicable
35 Total commission and concession:
0.15 per cent. of the Aggregate Nominal Amount
of this Tranche 2
36 Additional selling restrictions:
Not Applicable
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Listing and Admission to Trading Application
These Final Terms comprise the final terms required to list and have admitted to trading the issue
of Notes described herein pursuant to the Euro 50,000,000,000 Euro Medium Term Note
Programme of the Issuer.
Responsibility
The Issuer accepts responsibility for the information contained in these Final Terms.
Signed on behalf of the Issuer
Duly represented by: Olivier Nicolas
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Part B -- Other Information
1 Listing and Admission to Trading
(i) Listing:
Official list of the Luxembourg Stock
Exchange
(ii) Admission
to
trading:
Application has been made for the Notes to
be admitted to trading on the regulated
market of the Luxembourg Stock Exchange
with effect from the Issue Date.
(iii) Estimate of total expenses related to

admission to trading:
6,150
2 Ratings

The Notes to be issued have been rated:
S & P: A+
Moody's: Aa2
Fitch:
AA-
3 Notification
Not Applicable
4 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 offer.
5 Reasons for the Offer, Estimated Net Proceeds and Total Expenses
(i)
Reasons for the offer
See "Use of Proceeds" wording in the Base
Prospectus and to count as Lower Tier 2
Capital for regulatory purposes (further
particulars in paragraph 13 of Part A above)
(ii)
Estimated net proceeds:
Not Applicable
(iii)
Estimated total expenses: Not
Applicable
6 Yield
Indication of yield:
5.971 per cent. per annum
The yield is calculated at the Issue Date on
the basis of the Issue Price. It is not an
indication of future yield.
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7 Operational
Information
Intended to be held in a manner which would Yes.
allow Eurosystem eligibility:
Note that the designation "yes" simply means
that the Notes are intended upon issue to be
deposited with with Euroclear Bank S.A./N.V.
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
satisfaction of the Eurosystem eligibility
criteria.
ISIN Code:
XS0353642779 until the Exchange Date;
thereafter XS0343877451
Common Code:
35364277 until the Exchange Date; thereafter
34387745
Any clearing system(s) other than Euroclear

Bank S.A./N.V. and Clearstream Banking

Société Anonyme and the relevant

identification number(s):
Not Applicable
Delivery:
Delivery against payment
Names and addresses of additional Paying
Not Applicable
Agent(s) (if any):

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