Obligation Crédit Agricole SA 1.125% ( CH0243273759 ) en CHF

Crédit Agricole SA

100 % ⇌

France

CH0243273759 ( en CHF )

1.125% par an ( paiement annuel )

05/06/2024 - Obligation échue

Prospectus brochure de l'obligation Crédit Agricole CH0243273759 en CHF 1.125%, échue

5 000 CHF

200 000 000 CHF

Crédit Agricole est un groupe bancaire coopératif français, présent à l'international, structuré autour de caisses régionales et proposant une large gamme de services financiers.

L'Obligation émise par Crédit Agricole SA ( France ) , en CHF, avec le code ISIN CH0243273759, paye un coupon de 1.125% par an.
Le paiement des coupons est annuel et la maturité de l'Obligation est le 05/06/2024

Final Terms dated 3 June 2014

CRÉDIT AGRICOLE HOME LOAN SFH

Issue of CHF 200,000,000 1.125 per cent. Covered Bonds due 5 June 2024
under the 35,000,000,000 Global Covered Bond Program

Issue Price: 100.137 per cent.

Joint Lead Managers
UBS AG
Crédit Agricole Corporate and Investment Bank

PART A CONTRACTUAL TERMS

Terms used herein shall be deemed to be defined as such for the purposes of the terms and conditions (the
"Conditions") set forth in the Base Prospectus dated 5 July 2013 which received visa no. 13-329 from the
Autorité des marches financiers (the "AMF") on 5 July 2013, the supplement to the Base Prospectus dated
26 July 2013 which received visa no. 13-429 from the AMF on 26 July 2013 and the supplement to the Base
Prospectus dated 28 May 2014 which received visa no. 14-250 from the AMF on 28 May 2014, which together
constitute a base prospectus for the purposes of the Directive 2003/71/EC of the European Parliament and of the
Council of 4 November 2003, as amended by the Directive 2010/73/EU of 24 November 2010 (the "Prospectus
Directive").
This document constitutes the Final Terms of the Covered Bonds described herein for the purposes of Article 5.4
of the Prospectus Directive and must be read in conjunction with such Base Prospectus as so supplemented and
the Swiss listing prospectus dated 3 June 2014 prepared for the listing of the Covered Bonds on the SIX Swiss
Exchange (the "Swiss Listing Prospectus"). Full information on the Issuer and the Covered Bonds is only
available on the basis of the combination of these Final Terms, the Base Prospectus as so supplemented and the
Swiss Listing Prospectus. The Base Prospectus, the supplement to the Base Prospectus and these Final Terms are
available for viewing on the websites of the Issuer (www.credit-agricole.com) and of the AMF (www.amf-
france.org), and during normal business hours at the registered office of the Issuer and at the specified office of
the Swiss Principal Paying Agent (as defined below) where copies may be obtained. In addition the Swiss
Listing Prospectus is available for viewing at UBS Investment Bank, a business division of UBS AG,
Prospectus Library, P.O Box, 8098 Zurich, Switzerland, or can be ordered by telephone (+41-44-239 47 03), fax
(+41-44-239 69 14) or by e-mail at [email protected].
1.
Issuer:
Crédit Agricole Home Loan SFH
2.
(i)
Series Number:
47

(ii)
Tranche Number:
1

(iii)
Date on which the Covered Bonds will
be assimilated (assimilables) and form a single
series:
Not Applicable
3.
Specified Currency or Currencies:
Swiss Francs ("CHF")
4.
Aggregate Nominal Amount of Covered
Bonds:

(i)
Series:
CHF 200,000,000

(ii)
Tranche:
CHF 200,000,000
5.
Issue Price:
100.137 per cent. of the Aggregate Nominal
Amount
6.
Specified Denominations:
CHF 5,000 and multiples thereof
7.
(i)
Issue Date:
5 June 2014

(ii)
Interest Commencement Date:
Issue Date
8.
Final Maturity Date:
5 June 2024
9.
Extended Final Maturity Date:
Not Applicable
10.
Interest Basis:
1.125 per cent. Fixed Rate

(further particulars specified below)
11.
Redemption/Payment Basis:
Redemption at par
12.
Change of Interest Basis:
Not Applicable
13.
Put/Call Options:
Not Applicable
14.
Date of Board approval for issuance of
Covered Bonds obtained:
12 December 2013 and 20 March 2014

15.
Method of distribution:
Syndicated
PROVISIONS RELATING TO INTEREST (IF ANY) PAYABLE
16.
Fixed Rate Covered Bond Provisions:
Applicable

(i)
Rate of Interest:
1.125 per cent. per annum payable annually in
arrear

(ii)
Interest Payment Date(s):
5 June in each year, commencing on 5 June 2015
up to and including the Final Maturity Date.

(iii)
Fixed Coupon Amount(s):
CHF 56.25 per CHF 5,000 in Specified
Denomination

(iv)
Broken Amount(s):
Not Applicable

(v)
Day Count Fraction:
30/360 (following, unadjusted)

(vi)
Determination Dates:
Not Applicable
17.
Floating Rate Covered Bond Provisions:
Not Applicable
18.
Zero Coupon Covered Bond Provisions
Not Applicable
PROVISIONS RELATING TO REDEMPTION
19.
Call Option:
Not Applicable

20.
Put Option:
Not Applicable
21.
Final Redemption Amount of each Covered
Bond
CHF 5,000 in Specified Denomination

22.
Early Redemption Amount:

Early Redemption Amount(s) of each Covered
Bond payable on redemption for taxation reasons,
illegality or on event of default:
As per Condition 7
GENERAL PROVISIONS APPLICABLE TO THE COVERED BONDS
23.
Governing Law:
French law

French law for the privilège created by Article L.

513-11 of the French Monetary and Financial
Code (Code monétaire et financier)

24.
Form of Covered Bonds:
Materialised Covered Bonds

(i) Form of Dematerialised Covered Bonds:
Not Applicable

(ii)
Registration Agent:
Not Applicable

(iii)
Temporary Global Certificate:
The Covered Bonds will be represented by a
temporary global certificate without interest
coupons (the "Temporary Global Certificate"),
which will initially be issued and deposited with
SIX SIS AG, Olten, Switzerland, the Swiss
Securities Services Corporation in Olten,
Switzerland ("SIX SIS AG") or any other
intermediary in Switzerland recognized for such
purposes by SIX Swiss Exchange Ltd (SIX SIS
AG or any such other intermediary, the
"Intermediary") until the printing of the
definitive materialised covered bonds (the
"Definitive Materialised Covered Bonds").

(iv)
Definitive Materialised Covered Bond:
The Temporary Global Certificate shall be
exchangeable for Definitive Materialised
Covered Bonds on or after 15 July 2014 (the
"Exchange Date"), being forty (40) days after
the Issue Date subject to postponement as
specified in the Temporary Global Certificate.
Each Bondholder shall have a quotal co-
ownership interest (Miteigentumsanteil) in the
Temporary Global Certificate to the extent of his
claims against the Issuer until the Exchange
Date.
In accordance with the listing rules of the SIX
Swiss Exchange, the Definitive Materialised
Covered Bonds will be printed free of charge for
the Bondholders.

25.
Financial Centre or other special provisions
relating to payment dates for the purposes of
Condition 8(g):
Zurich
26.
Talons for future Coupons or Receipts to be
attached to Definitive Materialised Covered Bonds
(and dates on which such Talons mature):
Not Applicable
27.
Details relating to Instalment Covered Bonds:
amount of each instalment, date on which each
payment is to be made:
Not Applicable
28.
Redenomination,
renominalisation
and
reconventioning provisions:
Not Applicable

29.
Consolidation provisions:
Not Applicable

30.
Masse (Condition 12):
Contractual Masse shall apply
31.
Other Final Terms:
For the purpose of this Series of Covered
Bonds only, the following shall be added to
the opening lines of the Conditions:
"For the purpose of the Covered Bonds the
Issuer has, together with UBS AG (the "Swiss
Principal Paying Agent") and the other parties
named therein, entered into a supplemental
agency agreement dated 3 June 2014 (the
"Supplemental Agency Agreement").
For the purpose of the Covered Bonds, any
reference in the Conditions of the Covered
Bonds to the "Fiscal Agent", "Principal Paying
Agent", the "Paying Agent" or the "Calculation
Agent" shall, so far as the context permits, be
construed as reference to the Swiss Principal
Paying Agent.
In relation to the Covered Bonds the address of
the Swiss Principal Paying Agent is UBS AG,
Bahnhofstrasse 45, 8001 Zurich, Switzerland."
For the purpose of this Series of Covered
Bonds only, Condition 8 shall be
supplemented as follows:
"In respect of the Covered Bonds, the Issuer will
at all times maintain a Paying Agent having a
specified office in Switzerland and (in respect of
this Series of Covered Bonds only) will at no
time maintain a Paying Agent having a specified
office outside of Switzerland, unless permitted
by applicable law. The Supplemental Agency
Agreement (as defined above) will also contain
certain other modifications to the Agency
Agreement, necessary as a consequence of the
issue of Covered Bonds denominated in Swiss
Francs and listed on the SIX Swiss Exchange.
Payments of principal and interest in respect of
Covered Bonds denominated in Swiss Francs
will be made in freely disposable Swiss Francs
without collection costs in Switzerland and
without any restrictions and irrespective of
nationality, domicile or residence of a
Bondholder or Couponholder and without
requiring any certification, affidavit or the
fulfilment of any other formality.
The receipt by the Swiss Principal Paying Agent
of the due and punctual payment of the funds in
Swiss Francs in Zurich, in the manner provided
by the Conditions and these Final Terms,
releases the Issuer from its obligation under the
Covered Bonds and Coupons for the payment of
interest and principal due on the respective
Interest Payment Dates and on the Final
Maturity Date to the extent of such payment."
For the purpose of this Series of Covered
Bonds only, Condition 9(b)(iii) of the

Conditions shall be deleted and replaced by
the following provisions:
"(iii) Payment to individuals: where such
withholding or deduction is imposed on a
payment to an individual and is required to be
made pursuant to European Council Directive
2003/48/EC or any law implementing or
complying with, or introduced in order to
conform to, such Directive or any agreement on
the taxation of savings income entered into by
non-EU Member States (including Switzerland)
with a view to implementing such Directive."
For the purpose of this Series of Covered
Bonds only, the following provisions shall be
inserted immediately following Condition 17
of the Conditions:
"So long as the Covered Bonds are listed on the
SIX Swiss Exchange and so long as the rules of
the SIX Swiss Exchange so require, all notices in
respect of the Covered Bonds will be validly
given through the Swiss Principal Paying Agent
(i) by means of electronic publication on the
internet website of the SIX Swiss Exchange
(www.six-exchange-
regulation.com/publications/published_notificati
ons/official_notices_en.html), or (ii) otherwise in
accordance with the regulations of the SIX Swiss
Exchange."
PURPOSE OF FINAL TERMS
These Final Terms comprise the final terms required to list and have admitted to trading on the SIX Swiss
Exchange the Covered Bonds described herein pursuant to the Euro 35,000,000,000 Global Covered Bond
Program of Crédit Agricole Home Loan SFH.

PART B OTHER INFORMATION
1.
LISTING AND ADMISSION TO TRADING
(i)
Listing:
SIX Swiss Exchange Ltd.

(ii)
(a) Admission to trading:
Application has been made by the Issuer (or on its behalf) for the
Covered Bonds to be provisionally admitted to trading on the
SIX Swiss Exchange with effect from 3 June 2014; last day of
trading will expected to be 3 June 2024.

(b) Regulated Markets

or equivalent markets on

which, to the knowledge

of the Issuer, securities

of the same class of the

Covered Bonds to be

admitted to trading are

already
admitted
to

trading:
Not Applicable
(iii) Estimate
of
total

expenses
related
to

admission to trading:
Not Applicable
(iv)
Additional
publication

of Base Prospectus and

Final Terms:
Not Applicable
2.
RATINGS
Ratings:
The Covered Bonds to be issued are expected to be rated on or
before the Issue Date:
Standard & Poor's Ratings Services: AAA (stable)
Moody's Investors Service Ltd.: Aaa (stable)
Fitch Ratings: AAA (stable)
Each of Standard & Poor's Ratings Services, Moody's Investors
Service Ltd. and Fitch Ratings is established in the European Union,
registered under Regulation (EU) No 1060/2009, as amended (the
"CRA Regulation") and included in the list of registered credit
rating agencies published by the European Securities and Markets
Authority on its website (www.esma.europa.eu) in accordance with
CRA Regulation.
3.
SPECIFIC CONTROLLER
The specific controller (contrôleur spécifique) shall deliver to the Issuer (i) for each quarter a
certificate relating to the borrowing programme for the relevant quarter and, (ii) in case of issue of
Covered Bonds equals or exceeds Euro 500,000,000 or its equivalent in any other currency, a
certificate relating to such an issue.

4.
INTERESTS OF NATURAL AND LEGAL PERSONS INVOLVED IN THE ISSUE
Save for any fees payable to the Joint Lead Managers in connection with the Issue of the Covered
Bonds, so far as the Issuer is aware, no person involved in the offer of the Covered Bonds has an
interest material to the issue. 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.
5.
YIELD
Indication of yield:
1.1104%

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
Intended to be held in a manner which would allow

Eurosystem eligibility
Not Applicable.
ISIN Code:
CH0243273759
Common Code:
107333509
Depositaries:

(i) Euroclear France to act as Central Depositary
No

(ii) Common Depositary for Euroclear Bank and

Clearstream Banking, société anonyme
No
(iii) Common Depositary for DTC
No
Any clearing system(s) other than Euroclear Bank

S.A./N.V. and Clearstream Banking, société anonyme

and the relevant identification number(s):
SIX SIS AG, the Swiss Securities
Services
Corporation
in
Olten,
Switzerland
Swiss Security Number: 24.327.375
Delivery:
Delivery against payment
Names and addresses of initial Paying Agent:
CACEIS Corporate Trust
1-3, place Valhubert
75013 Paris
France

Names and addresses of Swiss Principal Paying

Agent:
UBS AG
Bahnhofstrasse 45
8001 Zurich
Switzerland

Commission to be paid by the Issuer to the Swiss

Principal Paying Agent:
0.01 per cent. upon payment of every
principal and interest amounts calculated
on the then outstanding principal amount
of the Covered Bonds.
7.
DISTRIBUTION
(i) If syndicated, names of Managers:
UBS AG
Crédit Agricole Corporate and Investment Bank
(ii) Date of subscription agreement:
3 June 2014
(iii) Stabilising Manager(s) (if any):
Not Applicable
(iv) If
non-syndicated,
name
of
Not Applicable
Dealers:
(v) U.S. selling restrictions:
TEFRA D in accordance with usual Swiss practice
(the Covered Bonds shall be issued pursuant to the
exemptions from the certification requirements under
TEFRA rules)