Obligation BPCe 0.27% ( FR0011991504 ) en EUR

BPCe

100 % ⇌

France

FR0011991504 ( en EUR )

0.27% par an ( paiement trimestriel )

05/06/2020 - Obligation échue

Prospectus brochure de l'obligation BPCE FR0011991504 en EUR 0.27%, échue

BPCE est un groupe bancaire coopératif français, deuxième acteur bancaire en France, composé notamment des réseaux bancaires Caisse d'Epargne et Banque Populaire.

L'Obligation émise par BPCe ( France ) , en EUR, avec le code ISIN FR0011991504, paye un coupon de 0.27% par an.
Le paiement des coupons est trimestriel et la maturité de l'Obligation est le 05/06/2020

Final Terms dated 25 June 2014

Euro 40,000,000,000
Euro Medium Term Note Programme
for the issue of Notes

SERIES NO: 2014-65
TRANCHE NO: 1

EUR 3,000,000 PuttableFloating Rate Notes due 05 June 2020 (the "Notes")
issued by BPCE

Dealer
Natixis

1

PART A CONTRACTUAL TERMS
Terms used herein shall be deemed to be defined as such for the purposes of the Conditions (the
"Conditions") set forth in the Base Prospectus dated 22 November 2013 which received visa n°13-
629 from the Autorité des marchés financiers (the "AMF") on 22 November 2013 and the Base
Prospectus Supplements dated 14 January 2014, 3 March 2014, 10 April 2014 and 12 May 2014
which received visa n°14-010, n°14-066, n°14-140 and n°14-189 from the AMF on 14 January 2014,
3 March 2014, 10 April 2014 and 12 May 2014, respectively, which together constitute a base
prospectus for the purposes of the Prospectus Directive (Directive 2003/71/EC) (the "Prospectus
Directive") as amended (which includes the amendments made by Directive 2010/73/EU to the
extent that such amendments have been implemented in a Member State of the European Economic
Area).
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 as so
supplemented. 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 as so supplemented. The Base
Prospectus and the Base Prospectus Supplement are available for viewing at the office of the Fiscal
Agent or each of the Paying Agents and on the website of the AMF (www.amf-france.org) and copies
may be obtained from BPCE, 50 avenue Pierre Mendès-France, 75013 Paris, France.

1. Issuer:
BPCE
2. (i)
Series Number:
2014-65
(ii)
Tranche Number:
1
3. Specified Currency or Currencies:
Euro ("EUR")
4. Aggregate Nominal Amount:

(i)
Series:
Eur 3,000,000
(ii)
Tranche:
Eur 3,000,000
5. Issue Price:
100.00 per cent. of the Aggregate Nominal Amount
6. Specified Denomination(s):
EUR 100,000
7. (i)
Issue Date:
27 June 2014

(ii)
Interest Commencement Date:
Issue Date
8. Interest Basis:
Three (3) months Euribor + 0.27 per cent. Floating
Rate(further particulars specified below)
9. Maturity Date:
Interest Payment Date falling in or nearest to 05 June
2020

2

10. Redemption Basis:
Subject to any purchase and cancellation or early
redemption, the Notes will be redeemed on the
Maturity Date at 100 per cent. of their nominal
amount
11. Change of Interest Basis:
Not Applicable
12. Put/Call Options:
Investor Put
(further particulars specified below)
13. (i)
Status of the Notes:
Unsubordinated Notes
(ii)
Dates
of
the
corporate Decision of the Directoire of the Issuer dated 28 April
authorisations for issuance of 2014 and decision of Mr. Jean-Philippe BERTHAUT,
Notes obtained:
Head of Group Funding, dated 10 June 2014
PROVISIONS RELATING TO INTEREST PAYABLE
14. Fixed Rate Note Provisions
Not Applicable
15. Floating Rate Note Provisions
Applicable
(i)
Interest Period(s):
The period beginning on (and including) the Interest
Commencement Date and ending on (but excluding)
the First Interest Payment Date and each successive
period beginning on (and including) a Specified
Interest Payment Date and ending on (but excluding)
the next succeeding Specified Interest Payment
Date.
For the avoidance of doubt:
· the Interest Periods from (and including) the
Issue Date to (but excluding) 1st September
2014 ; from (including) 6 June 2016 to (but
excluding) 1st September 2016 and from
(including) 6 June 2018 to (but excluding) 1st
September 2018 will be short (further
particulars specified below in items (ii) and
(ix) below).
· the Interest Periods from (and including) 1st
March 2016 to (but excluding) 6 June 2016 ;
from (and including) 1st March 2018 to (but
excluding) 6 June 2018 and from (and
including) 1st March 2020 to (but excluding)
the Maturity Date will be long with no
payment respectively on the 1st June 2016,
1st June 2018 and 1st June 2020 (further
particulars specified below in items (ii) and
(ix) below).
3

(ii)
Specified Interest Payment Dates:
Interest payable quarterly in arrear on, 1st March, 1st
June; 1st September and 1st December in each year,
subject to adjustment in accordance with the
Business Day Convention set out in (iv) below as well
as the details contained in (i) above.
(iii) First Interest Payment Date:
1st September 2014
(iv) Business Day Convention:
Modified Following Business Day Convention
(v)
Interest Period Date:
Not Applicable
(vi) Business Centre(s):
TARGET
(vii) Manner in which the Rate(s) of Screen Rate Determination
Interest is/are to be determined:
(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
Reference Rate:
Three (3) months Euribor
For the avoidance of doubt:
· For the first Interest Period from (and including)
the Issue Date to (but excluding) 1st September
2014 :
Interpolation between two (2) months Euribor and
three (3) months Euribor

· For the Interest Period from (and including) the
1st March 2016 to (but excluding) 6 June 2016:
Interpolation between three (3) months Euribor
and six (6) months Euribor

· For the Interest Period from (and including) the 6
June 2016 to (but excluding)1st September
2016:
Interpolation between two (2) months Euribor and
three (3) months Euribor

· For the Interest Period from (and including) the
1st March 2018 to (but excluding) 6 June 2018:
Interpolation between three (3) months Euribor
and six (6) months Euribor

4

· For the Interest Period from (and including) the 6
June 2018 to (but excluding)1st September
2018:
Interpolation between two (2) months Euribor and
three (3) months Euribor

· For the Interest Period from (and including) 1st
March 2020 to (but excluding) the Maturity Date:
Interpolation between three (3) months Euribor
and six (6) months Euribor

Interest Determination Date:
11:00 a.m. (Brussels Time), two (2) Business Days
prior to the first day of each Interest Period
Relevant Screen Page Time:
Reuters EURIBOR01
(x)
FBF Determination
Not Applicable
(x)
ISDA Determination:
Not Applicable
(xi) Margin(s):
+ 0.27 per cent. per annum
(xii) Minimum Rate of Interest:
Not Applicable
(xiii) Maximum Rate of Interest:
Not Applicable
(xiv) Day Count Fraction:
Actual/360, Adjusted
16. Zero Coupon Note Provisions
Not Applicable
17. Inflation Linked Interest Note Provisions
Not Applicable
PROVISIONS RELATING TO REDEMPTION
18. Call Option
Not Applicable
19. Put Option
Applicable
(i)
Optional Redemption Dates:
The Noteholders may redeem the Notes in whole or
in part as a multiple of the Specified Denomination on
06 June 2016 and 06 June 2018 (each an "Optional
Redemption Date").
To validly exercice its Put Option, the Noteholders
must deposit with the Paying Agent and the Issuer,
within the Notice Period, a duly completed option
execrice notice ( the "Put Option Notice" ) as further
described in Condition 6(d).
(ii)
Optional Redemption Amount(s) of
each Note:
Eur 100, 000 per Note of 100, 000 Specified
Denomination
5

(iii) Notice period:
A least eight (8)TARGET Business Days prior the
Optional Redemption Date
20. Final Redemption Amount of each Note
EUR 100,000 per Note of EUR 100,000 Specified
Denomination
Inflation Linked Notes Provisions

relating to the Final Redemption
Not Applicable
Amount:

21. Early Redemption Amount

(i)
Early Redemption Amount(s) of
each Note payable on redemption
for taxation reasons (Condition
6(g)), for illegality (Condition 6(j))
or on event of default (Condition
9):
As set out in the Conditions
(ii)
Redemption for taxation reasons
permitted on days others than
Interest
Payment
Dates No
(Condition 6(g)):
(iii) Unmatured Coupons to become
void
upon
early
redemption
(Materialised Bearer Notes only) Not Applicable
(Condition 7(f)):

GENERAL PROVISIONS APPLICABLE TO THE NOTES
22. Form of Notes:
Dematerialised Notes
(i)
Form of Dematerialised Notes:
Bearer form (au porteur)
(ii)
Registration Agent:
Not Applicable
(iii) Temporary Global Certificate:
Not Applicable
(iv) Applicable TEFRA exemption:
Not Applicable
23. Financial Centre(s):
TARGET
24. Talons for future Coupons or Receipts to
be attached to Definitive Notes (and
dates on which such Talons mature):
Not Applicable
25. Details relating to Instalment Notes:
amount of each instalment, date on
which each payment is to be made:
Not Applicable
6

26. Redenomination provisions:
Not Applicable
27. Purchase in accordance with Article

L.213-1 A and D.213-1 A of the French
Applicable
Code monétaire et financier:
28. Consolidation provisions:
Not Applicable
29. Masse:
Contractual Masse shall apply
Name and address of the Representative:
Mr. Sylvain Thomazo
20, rue Victor Bart
78000 Versailles
France

Name and address of the alternate Representative:
Sandrine D'HAUSSY
69 avenue Gambetta
94100 Saint Maur des Fosses
France

The Representative will receive a remuneration of
EUR 2,000 (excluding VAT) per year
GENERAL

30. The aggregate principal amount of

Notes issued has been translated into

Euro at the rate of [·] producing a sum
Not Applicable
of:
RESPONSIBILITY
The Issuer accepts responsibility for the information contained in these Final Terms.
Signed on behalf of BPCE
Duly represented by:
Jean-Philippe BERTHAUT, Head of Group Funding

7

PART B OTHER INFORMATION
1.
LISTING AND ADMISSION TO TRADING
(i) Listing and Admission to
Application has been made on behalf of the Issuer for the
trading:
Notes to be listed and admitted to trading on Euronext
Paris with effect from 27 June 2014.
(ii) Estimate of total expenses

related to admission to trading:
EUR, 3,550
2.
RATINGS
The Notes to be issued are expected to berated:
Ratings:
S & P: A
Moody's: A2
Fitch: A
Each of S&P, Moody's and Fitch is established in the
European Union and registered under Regulation (EC) No
1060/2009, as amended.
3.
NOTIFICATION

Not Applicable
4.
INTERESTS OF NATURAL AND LEGAL PERSONS INVOLVED IN THE [ISSUE/OFFER]
Save as discussed in "Subscription and Sale", 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 Base Prospectus
(ii) Estimated net proceeds:
2, 997,600 EUR
(iii) Estimated total expenses:
Not Applicable
6.
HISTORIC INTEREST RATES
Details of historic EURIBOR rates can be obtained from Reuters Screen EURIBOR01.

8

7.
OPERATIONAL INFORMATION
ISIN Code:
FR0011991504
Common Code:
107875328
Depositaries:

(i)
Euroclear France to act as
Central Depositary:
Yes
(ii)
Common
Depositary
for
Euroclear and Clearstream
Luxembourg:
No
Any clearing system(s) other than
Euroclear
and
Clearstream,
Luxembourg
and
the
relevant
identification number(s):
Not Applicable
Delivery:
Delivery against payment
Names and addresses of additional

Paying Agent(s) (if any):
Not Applicable
8.
DISTRIBUTION

(i)
Method of
Non-syndicated

distribution:

(ii) If syndicated:

(A) Names of
Not Applicable

Managers:

(B) Stabilising
Not Applicable

Manager(s) if any:

(iii) If non-syndicated,

name and address of
Natixis
Dealer:
30, avenue Pierre Mendès-France
75013 Paris
France

(iv) US Selling
Reg. S Compliance Category 2 applies to the
Restrictions(Categories
Notes; TEFRA not applicable
of potential investors to
which the Notes are
offered):

9