Obligation Crédit Agricole SA 1.4604% ( CH1187520460 ) en CHF

Crédit Agricole SA

100 % ⇌

France

CH1187520460 ( en CHF )

1.4604% par an ( paiement annuel )

01/07/2027

Prospectus brochure de l'obligation Crédit Agricole CH1187520460 en CHF 1.4604%, échéance 01/07/2027

5 000 CHF

170 000 000 CHF

01/07/2026 ( Dans 341 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 CH1187520460 émise par Crédit Agricole (France), d'une valeur nominale de 170 000 000 CHF, avec un taux d'intérêt de 1,4604 %, échéant le 01/07/2027, est actuellement cotée à 100 %, négociable par tranches minimales de 5 000 CHF, et verse des intérêts annuellement.

MIFID II product governance / professional investors, ECPs and Retail investors (Switzerland
only) 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, professional clients and retail clients (for retails clients,
in Switzerland only - for the avoidance of doubt, no retail clients in the European Economic Area
shall be targeted), each as defined in Directive (EU) 2014/65 (as amended, "MiFID II"); (ii) all
channels for distribution of the Notes to eligible counterparties and professional clients are
appropriate and (iii) the following channels for distribution of the Notes to retail clients in Switzerland
are appropriate investment advice, 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 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, subject to the distributor's suitability and appropriateness
obligations under MiFID II, as applicable. The Notes will be offered to the public in Switzerland only.

UK MIFIR product governance / professional investors, ECPs and Retail investors
(Switzerland only) 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 retail clients (for retails clients, in
Switzerland only - for the avoidance of doubt, no retail clients in the United Kingdom shall be
targeted), as defined in point (8) of Article 2 of Regulation (EU) No 2017/565 as it forms part of UK
domestic law by virtue of the European Union (Withdrawal) Act 2018 ("EUWA"), 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 EUWA ("UK MiFIR"); (ii) all channels for distribution of the Notes to eligible
counterparties and professional clients are appropriate and (iii) the following channels for distribution
of the Notes to retail clients in Switzerland are appropriate investment advice, portfolio
management, non-advised sales and pure execution services subject to the distributor's suitability
and appropriateness obligations under COBS, as applicable. 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 manufacturers' target market assessment) and determining
appropriate distribution channels, subject to the distributor's suitability and appropriateness
obligations under COBS, as applicable. The Notes will be offered to the public in Switzerland only.

Final Terms dated 30 May 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: 631
Tranche No: 1
Issue of CHF 170,000,000 1.4604 per cent. Senior Preferred Fixed Rate Notes due 1 July
2027 (the "Notes")
Issued by: Crédit Agricole S.A. (the "Issuer")

Joint Lead Managers
CRÉDIT AGRICOLE CIB
UBS AG

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 the supplement no. 1 to it dated 17 May 2022 which has received approval no. 22-
158 from the AMF on 17 May 2022 which together constitute a base prospectus (the "Base
Prospectus"). This document constitutes the Final Terms of the Notes described herein 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-marches/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:
631
(ii)
Tranche
Number:
1
(iii)
Date on which the Notes
become fungible:
Not Applicable
3.

Specified Currency or Currencies:
Swiss Francs ("CHF")
4.
Aggregate
Nominal
Amount:

(i)
Series:
CHF
170,000,000
(ii)
Tranche:
CHF
170,000,000
5.

Issue Price:
100.00 per cent. of the Aggregate Nominal
Amount
6.
Specified
Denomination:
CHF 5,000, CHF 100,000 and CHF
1,000,000
7.

(i)
Issue Date:
1 June 2022

(ii)
Interest Commencement Date:
Issue Date
8.

Maturity Date:
1 July 2027
9.

Interest Basis:
1.4604 per cent. per annum Fixed Rate
(further particulars specified in paragraph
15 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:
Not Applicable
12.

Noteholder Put/Issuer Call:
Not Applicable
13.

Status:
Senior Preferred Notes
14.
Dates of the corporate authorisations for
issuance of the Notes:
Resolution of the Board of Directors of the
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Issuer dated 9 February 2022 and the
décision d'émission dated 30 May 2022

Provisions Relating to Interest (if any) Payable
15. Fixed
Rate
Note
Applicable

(i)
Rate of Interest:
1.4604 per cent. per annum payable
annually in arrear on each Interest Payment
Date

(ii)
Interest Payment Dates:
1 July in each year from (and including) 1
July 2023 up to (and including) the Maturity
Date

(iii)
Fixed Coupon Amount:
CHF 73.02 per Note of CHF 5,000 Specified
Denomination,
CHF 1,460.40 per Note of CHF 100,000
Specified Denomination, and
CHF 14,604.00 per Note of CHF 1,000,000
Specified Denomination,
payable on each Interest Payment Date
except for the amounts payable in respect
of the long first Interest Accrual Period
beginning on (and including) the Interest
Commencement Date and ending on (but
excluding) the Interest Payment Date falling
on 1 July 2023 which shall be the Broken
Amounts

(iv)
Broken
Amounts:
CHF
79.105 per Note of CHF 5,000
Specified Denomination,
CHF 1,582.10 per Note of CHF 100,000
Specified Denomination, and
CHF 15,821.00 per Note of CHF 1,000,000
Specified Denomination,
payable on the Interest Payment Date
falling on 1 July 2023

(v)
Day Count Fraction:
30/360, not adjusted

(vi)
Determination Dates:
Not Applicable
(vii)
Resettable
Notes:
Not
Applicable
16.

Floating Rate Note:
Not Applicable
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 Issuer

(Issuer Call):
Not Applicable
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21.

Clean-up Redemption Option:
Not Applicable
22.

Redemption at the Option of

Noteholders (Noteholder Put):
Not Applicable
23. (i) MREL/TLAC
Disqualification

Event Call Option:
Not Applicable

(ii)
Early Redemption Amount:
CHF 5,000 per Note of CHF 5,000 Specified
Denomination,
CHF 100,000 per Note of CHF 100,000
Specified Denomination, and
CHF 1,000,000 per Note of CHF 1,000,000
Specified Denomination
24.

Final Redemption Amount of each Note:
Subject to any purchase and cancellation or
early redemption, the Notes will be
redeemed on the Maturity Date at 100 per
cent. of their outstanding principal amount
25.

Early Redemption Amount of each Note:
CHF 5,000 per Note of CHF 5,000 Specified
Denomination,
CHF 100,000 per Note of CHF 100,000
Specified Denomination, and
CHF 1,000,000 per Note of CHF 1,000,000
Specified Denomination
26.

Make-Whole Redemption Amount:
Not Applicable
27.

Events of Default:
Not Applicable

General Provisions Applicable to the Notes
28. (i)
Form of Notes (Bearer Notes):
Materialised Notes

(ii)
Form of Dematerialised Notes:
Not Applicable

(iii) Registration
Agent:
Not Applicable

(iv)
Calculation Agent:
UBS AG
P.0 Box
CH-8098
Zürich
Switzerland

(v) Temporary
Global
Certificate:
Temporary Global Certificate exchangeable
for Definitive Materialised Bearer Notes on
or after 11 July 2022 (the "Exchange
Date"), being the first day following the
expiry of 40 days after the Issue Date
subject to postponement as provided in the
Temporary Global Certificate.
Condition 1 shall be amended and
supplemented (for the purposes of the
Notes described herein only) as follows:
The Notes and all rights in connection
therewith are documented in the form of a
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Temporary Global Certificate which shall be
deposited by the Principal Swiss Paying
Agent (as defined below) with SIX SIS Ltd
or any other intermediary in Switzerland
recognized for such purposes by SIX Swiss
Exchange Ltd (SIX SIS Ltd or any such
other intermediary, the "Intermediary") until
printing of Definitive Materialised Bearer
Notes. Once the Temporary Global
Certificate is deposited with the
Intermediary and entered into the accounts
of one or more participants of the
Intermediary, the Notes will, for Swiss law
purposes, constitute intermediated
securities (Bucheffekten for Swiss law
purposes) ("Intermediated Securities") in
accordance with the provisions of the Swiss
Federal Intermediated Securities Act
(Bucheffektengesetz for Swiss law
purposes).

Each Noteholder (as defined below) shall,
for Swiss law purposes, have a quotal co-
ownership interest (Miteigentumsanteil) in
the Temporary Global Certificate and
following their exchange the Definitive
Materialised Bearer Notes and the related
Coupons to the extent of its claim against
the Issuer, provided that for so long as the
Temporary Global Certificate and following
their exchange the Definitive Materialised
Bearer Notes and the related Coupons
remain deposited with the Intermediary, the
co-ownership interest shall be suspended.

The records of the Intermediary will
determine the number of Notes held
through each participant in that
Intermediary. In respect of the Notes held in
the form of Intermediated Securities, the
holders of the Notes (the "Noteholders")
will be the persons holding the Notes in a
securities account in their own name and for
their own account and related expressions
shall be construed accordingly.

The Definitive Materialised Bearer Notes for
which the Temporary Global Certificate will
be exchanged shall (i) be duly executed and
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authenticated, (ii) where applicable, have
attached to them all Coupons in respect of
interest, that have not already been paid on
the Temporary Global Certificate and (iii) be
security printed in accordance with
applicable legal and stock exchange
requirements.
On exchange in full and surrender of the
Temporary Global Certificate for Definitive
Materialised Bearer Notes, the Principal
Swiss Paying Agent shall procure that it is
cancelled and (unless otherwise instructed
by the Issuer) returned to the Issuer.

Neither the Issuer nor the Noteholders shall
at any time have the right to effect or
demand the conversion of the Definitive
Materialised Bearer Notes into, or the
delivery of, a permanent global certificate
(Globalurkunde for Swiss law purposes) or
Dematerialised Notes (Wertrechte for Swiss
law purposes) or Definitive Materialised
Bearer Notes (Wertpapiere for Swiss law
purposes).

The Definitive Materialised Bearer Notes
(Wertpapiere for Swiss law purposes) shall
only be individually delivered to the
Noteholders, if the Principal Swiss Paying
Agent determines, in its sole discretion, that
the delivery of the Definitive Materialised
Bearer Notes (Wertpapiere for Swiss law
purposes) is necessary or useful, against
cancellation of the Notes in the Noteholders'
securities accounts. For the avoidance of
doubt, in circumstances where the Principal
Swiss Paying Agent decides not to deliver
the Definitive Materialised Bearer Notes
(Wertpapiere for Swiss law purposes), the
Noteholders shall not have any recourse to
the Issuer.
29.
Exclusion of the possibility to request
identification of a Noteholder as Provided
by Condition 1(a):
Applicable
30. Financial
Center:
Zurich

31.

Talons for future Coupons or Receipts to
be attached to Definitive Materialised
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Bearer Notes (and dates on which such
Talons mature):
Not Applicable
32.

Details relating to Instalment Notes:

amount of each Instalment, date on

which each payment is to be made:
Not Applicable

(i) Instalment
Amount(s):
Not Applicable

(ii) Instalment
Date(s):
Not Applicable

(iii)
Minimum Instalment Amount:
Not Applicable

(iv)
Maximum Instalment Amount:
Not Applicable
33.

Applicable tax regime:
Condition 9(a) shall apply
34.

Representation of holders of French Law
Notes Masse:
Contractual Masse shall apply

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 300 per year
(excluding taxes), payable as per the
Conditions.
35.

Other final terms:
Condition 7 shall be supplemented and
amended by the following:
"The receipt by the Principal Swiss Paying
Agent (as defined below) of the due and
punctual payment of funds in Swiss Francs
(CHF) in Zurich, in the manner provided by
the Conditions and these Final Terms shall
release the Issuer from its obligations under
the Notes and Coupons for the payment of
interest and principal due on the relevant
Interest Payment Date and on the Maturity
Date to the extent of such payment.
Payment of principal and/or interest under
the Notes shall be made, in freely
disposable Swiss Francs, upon
presentation of the relevant Note (in the
case of principal) and Coupon (in the case
of interest) only at the offices of the Principal
Swiss Paying Agent in Switzerland or at the
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offices of additional banks domiciled in
Switzerland if and when such additional
banks will be nominated as Swiss paying
agents (together with the Principal Swiss
Paying Agent, the "Swiss Paying Agents"),
without collection costs in Switzerland and
without any restrictions and whatever the
circumstances may be, irrespective of
nationality, domicile or residence of the
Noteholders or Couponholders and without
requiring any certification, affidavit or the
fulfilment of any other formality.
So long as the Notes are listed on the SIX
Swiss Exchange, the Issuer will maintain a
Paying Agent for the Notes having a
specified office in Switzerland and all
references in the Conditions to the Paying
Agents shall, where applicable, for the
purposes of the Notes only, be construed as
references to the Swiss Paying Agents and
will at no time include a Paying Agent
having a specified office outside
Switzerland, unless permitted by applicable
law."

Condition 15 Notices shall be
supplemented by the following:
"So long as the Notes are listed on the SIX
Swiss Exchange and so long as the SIX
Swiss Exchange so require, all notices
regarding the Notes and the Coupons shall
be given by publication (i) on the internet
website of the SIX Swiss Exchange
(currently https://www.ser-
ag.com/en/resources/notifications-market-
participants/official-notices.html#/) or (ii)
otherwise in accordance with the
regulations of the SIX Swiss Exchange. Any
notices so given will be deemed to have
been validly given on the date of such
publication or if published more than once,
on the first date of such publication."

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