Obligation Crédit Agricole SA 0.25% ( CH0472691416 ) en CHF

Crédit Agricole SA

98.37 % ▲

France

CH0472691416 ( en CHF )

0.25% par an ( paiement annuel )

23/10/2029

Prospectus brochure de l'obligation Crédit Agricole CH0472691416 en CHF 0.25%, échéance 23/10/2029

24/10/2026 ( Dans 354 jours )

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 CH0472691416, paye un coupon de 0.25% par an.
Le paiement des coupons est annuel et la maturité de l'Obligation est le 23/10/2029

Final Terms dated 18 April 2019

CRÉDIT AGRICOLE HOME LOAN SFH

Issue of CHF 125,000,000 0.25 per cent. Covered Bonds due 24 October 2029
extendible as Floating Rate Covered Bonds up to 24 October 2030
under the 35,000,000,000 Covered Bond Program

Issue Price: 100.597 per cent.

Joint Lead Managers
Crédit Agricole Corporate and Investment Bank
UBS AG

MIFID II PRODUCT GOVERNANCE / RETAIL INVESTORS, PROFESSIONAL INVESTORS AND ECPS
TARGET MARKET Solely for the purposes of the EEA domiciled manufacturer's product approval process,
the target market assessment in respect of the Covered Bonds 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 Covered Bonds is eligible counterparties, professional clients and retail clients, each as defined in
Directive 2014/65/EU, as amended ("MiFID II"); and (ii) all channels for distribution of the Covered Bonds to
eligible counterparties and professional clients are appropriate; and (iii) the following channels for distribution of
the Covered Bonds to retail clients are appropriate investment advice, and portfolio management, non-advised
sales and pure execution services subject to the distributor's suitability and appropriateness obligations under
MiFID II, as applicable. Any person subsequently offering, selling or recommending the Covered Bonds (a
"distributor") should take into consideration the manufacturer's target market assessment; however, a
distributor subject to MiFID II is responsible for undertaking its own target market assessment in respect of the
Covered Bonds (by either adopting or refining the manufacturer's target market assessment) and determining
appropriate distribution channels, subject to the distributor's suitability and appropriateness obligations under
MiFID II, as applicable. The Covered Bonds will be offered to the public in Switzerland solely.

WS0101.29005880.1

2.

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 13 February 2019 which received visa no. 19-044 from the
Autorité des marchés financiers (the "AMF") on 13 February 2019 and the first supplement to the base
prospectus dated 11 April 2019 which received visa no. 19-154 from the AMF on 11 April 2019 which together
constitute a base prospectus (the "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 (the "Prospectus Directive").
This document constitutes the final terms of the Covered Bonds (the "Final Terms") 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 Covered Bonds is only available on the basis of the combination of these
Final Terms, the Base Prospectus and the Swiss Listing Prospectus dated 18 April 2019 (the "Swiss Listing
Prospectus"). The Base Prospectus and these Final Terms are available for viewing on the websites of Crédit
Agricole S.A. (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 Final Terms and the Swiss Listing Prospectus,
which is solely relevant for listing of the Covered Bonds on SIX Swiss Exchange Ltd., (the "SIX Swiss
Exchange"), is available for viewing at UBS AG, Investment Bank, Swiss Prospectus Switzerland, P.O. Box,
8098 Zurich, Switzerland, or can be ordered by telephone +41-44-239 47 03 (voicemail), fax +41-44-239 69 14
or by e-mail [email protected]

1.
Issuer:
Crédit Agricole Home Loan SFH
2.
(i)
Series Number:
72

(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:
Swiss Francs ("CHF")
4.
Aggregate Nominal Amount of Covered
Bonds:

(i)
Series:
CHF 125,000,000

(ii)
Tranche:
CHF 125,000,000
5.
Issue Price:
100.597 per cent. of the Aggregate
Nominal Amount
6.
Specified Denominations:
CHF 5,000, CHF 100,000 and CHF
1,000,000
7.
(i)
Issue Date:
24 April 2019

(ii)
Interest Commencement Date:
Issue Date
8.
Final Maturity Date:
24 October 2029
The Covered Bonds having a soft bullet
maturity, in accordance with Condition 7(a)
will be redeemed at the Final Maturity Date
unless their maturity is extended to the

WS0101.29005880.1

3.

Extended Final Maturity Date as specified
below.
9.
Extended Final Maturity Date:
24 October 2030
The Final Maturity Date will be extended
automatically to the Extended Final
Maturity Date if the Final Redemption
Amount is not paid by the Issuer on the
Final Maturity Date. In such case the
payment of such Final Redemption
Amount shall be automatically deferred
and shall become due and payable on the
Extended Final Maturity Date, provided
that (i) any amount representing the Final
Redemption Amount remaining unpaid on
the Final Maturity Date may be paid by the
Issuer on any Specified Interest Payment
Date thereafter and (ii) interest will
continue to accrue on any unpaid amount
during such extended period at the relevant
newly applicable Rate of Interest and be
payable on each relevant Specified Interest
Payment Date.
10.
Interest Basis:
0.25 per cent. Fixed Rate for the period
from and including the Issue Date to but
excluding the Final Maturity Date (further
particulars specified in paragraph 15
below).
CHF LIBOR 1 month (or any successor
rate thereof which may be SARON based)
plus 0.09 per cent. per annum Floating
Rate for the period from and including the
Final Maturity Date to but excluding the
Extended Final Maturity Date, or if earlier
the date on which the Covered Bonds are
redeemed in full (further particulars
specified in paragraph 16 below).

11.
Redemption/Payment Basis:
Subject to any purchase and cancellation or
early redemption, the Covered Bonds will
be redeemed at 100 per cent. of their
nominal amount.
12.
Change of Interest Basis:
Applicable - Fixed/Floating Rate
Interest will accrue on a Fixed Rate basis
until the Final Maturity Date and on a
Floating Rate basis thereafter (further
particulars specified in paragraph 17
below).
13.
Put/Call Options:
Not Applicable

14.
Date of Board approval for issuance of
Covered Bonds obtained:
4 April 2019

WS0101.29005880.1

4.

PROVISIONS RELATING TO INTEREST PAYABLE
15.
Fixed Rate Covered Bond Provisions:
Applicable until the Final Maturity Date

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

(ii)
Interest Payment Dates:
24 October in each year commencing on
24 October 2019 up to and including the
Final Maturity Date.

(iii)
Fixed Coupon Amounts:
CHF 12.50 per CHF 5,000 in Specified
Denomination, CHF 250.00 per CHF
100,000 in Specified Denomination and
CHF 2,500.00 per CHF 1,000,000 in
Specified Denomination, except in respect
of the first interest period, as set out in
paragraph (iv) below

(iv)
Broken Amount:
There will be a short first coupon in
respect of the first interest period, from and
including the Interest Commencement
Date up to, but excluding, 24 October 2019
which amounts to CHF 6.25 per CHF
5,000 in Specified Denomination, CHF
125.00 per CHF 100,000 in Specified
Denomination and CHF 1,250.00 per CHF
1,000,000 in Specified Denomination, all
payable on the Interest Payment Date
falling on 24 October 2019.

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

(vi)
Determination Dates:
Not Applicable
16.
Floating Rate Covered Bond Provisions:
Applicable if the Final Maturity Date is
extended until the Extended Final Maturity
Date.

(i)
Interest Period(s):
The period from and including the Final
Maturity Date to but excluding the first
Specified Interest Payment Date and each
successive period from and including a
Specified Interest Payment Date to but
excluding the next succeeding Specified
Interest Payment Date, up to and excluding
the Extended Final Maturity Date or, if
earlier the Specified Interest Payment Date
on which the Covered Bonds are redeemed
in full subject to adjustment in accordance
with the Business Day Convention set out
in (v) below.

(ii)
Specified Interest Payment Dates:
24th day of each month from (and
including) 24 November 2029 to (and
including) 24 October 2030, subject to
adjustment in accordance with the
Business Day Convention set out in (v)
below.

WS0101.29005880.1

5.

(iii)
First Interest Payment Date:
24 November 2029

(iv)
Interest Period Date:
Not Applicable

(v)
Business Day Convention:
Actual/360 (following, modified)

(vi)
Business Centre(s) (Condition 6(a)):
Zurich and TARGET 2

(vii)
Manner in which the Rate(s) of Interest
is/are to be determined:
Screen Rate Determination

(viii)
Party responsible for calculating the
Rate(s) of Interest and/or Interest
Amount(s) (if not the Calculation
Agent):
Not Applicable

(ix)
Screen Rate Determination:
Applicable

Benchmark:
CHF LIBOR 1 month (or any successor rate
thereof which may be SARON based)

Relevant Time:
11.00 am Zurich Time

Interest Determination Dates:
Two (2) Zurich Business Days prior to the
beginning of each Interest Period

Primary Source:
Bloomberg, Official ICE Libor Daily
Fixings (or any successor)

Reference Banks (if Primary Source is "Reference
Banks"):
Not Applicable

Relevant Financial Centre:
Zurich and TARGET2

Representative Amount:
Not Applicable

Effective Date:
Not Applicable

Specified Duration:
1 month

(x)
ISDA Determination:
Not Applicable

(xi)
Linear Interpolation:
Not Applicable

(xii)
Margin:
Plus 0.09 per cent. per annum

(xiii)
Minimum Rate of Interest:
0 per cent. per annum

(xiv)
Maximum Rate of Interest:
Not Applicable

(xv)
Day Count Fraction:
Actual/360
17.
Fixed/Floating Rate Covered Bonds Provisions: Applicable

(i)
Issuer Change of Interest Basis:
Not Applicable

(ii)
Automatic Change of Interest Basis:
Applicable

WS0101.29005880.1

6.

(iii)
Rate of Interest applicable to the
Interest Periods preceding the
Switch Date (excluded):
Determined in accordance with Condition
6(b), as though the Covered Bonds were a
Fixed Rate Covered Bonds with further
variables set out in item 15 of these Final
Terms.

(iv)
Rate of Interest applicable to the
Interest Periods following the Switch
Date (included):
Determined in accordance with Condition
6(c), as though the Covered Bonds were a
Floating Rate Covered Bonds with further
variables set out in item 16 of these Final
Terms.

(v)
Switch Date:
Final Maturity Date

(vi)
Minimum notice period required for
notice from the Issuer:
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, CHF 100,000 and CHF
1,000,000 per CHF 5,000, CHF 100,000
and
CHF
1,000,000
in
Specified
Denomination respectively

22.
Early Redemption Amount:

Early Redemption Amount(s) of each Covered
Bond payable on redemption for taxation reasons,
illegality or on event of default:
Applicable
GENERAL PROVISIONS APPLICABLE TO THE COVERED BONDS
23.
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,

WS0101.29005880.1

7.

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 3rd June 2019
(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.

As long as the Temporary Global
Certificate or the definitive Materialised
Bearer Notes are deposited with the
Intermediary, the provisions of the Swiss
Federal Intermediated Securities Act (Loi
sur les titres intermédiés) shall be
applicable.

The Definitive Materialised Covered
Bonds will be printed free of charge for
the Bondholders.

24.
Financial Centre(s):
Zurich and Target2
25.
Talons for future Coupons or Receipts to be
attached to Definitive Materialised Covered Bonds
(and dates on which such Talons mature):
Not Applicable
26.
Details relating to Instalment Covered Bonds:
amount of each instalment, date on which each
payment is to be made:
Not Applicable
27.
Masse (Condition 12):
Contractual Masse shall apply
Name and address of the Representative:
F&S Financial Services, Vincent Fabié,
domiciled at 8 rue du Mont-Thabor, 75001
Paris, France.
Name and address of the alternate
Representative: Aether Financial Services,
36 rue de Monceau, 75008 Paris, France
The Representative will receive a
remuneration of Euro 400 per year.
28.
Prohibition of Sales to EEA Retail Investors:
Not Applicable
29.
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:

WS0101.29005880.1

8.

"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 18
April 2019 (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

WS0101.29005880.1

9.

such payment."

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 (currently https://www.six-
exchange-
regulation.com/en/home/publications/offi
cial-notices.html), or (ii) otherwise in
accordance with the regulations of the
SIX Swiss Exchange."
THIRD PARTY INFORMATION
Not Applicable
Signed on behalf of CRÉDIT AGRICOLE HOME LOAN SFH:
By:
............................................
Duly authorised

WS0101.29005880.1

10.

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 18 April 2019; last day of
trading expected to be 22 October 2029, unless their maturity is
extended to the Extended Final Maturity Date.
(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
2.
RATINGS
Ratings:
The Covered Bonds to be issued are expected to be rated:
S&P Global Ratings: AAA
Moody's Investors Service Ltd.: Aaa
Fitch Ratings: AAA
Each of S&P Global Ratings, 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/supervision/credit-
rating-agencies/risk) 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 program 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.

WS0101.29005880.1