Obligation BPCe 1% ( FR0012326841 ) en EUR

BPCe

100 % ⇌

France

FR0012326841 ( en EUR )

1% par an ( paiement annuel )

24/02/2025 - Obligation échue

Prospectus brochure de l'obligation BPCE FR0012326841 en EUR 1%, 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 FR0012326841, paye un coupon de 1% par an.
Le paiement des coupons est annuel et la maturité de l'Obligation est le 24/02/2025

Final Terms dated 27 April 2016

BPCE SFH
Issue of 50,000,000 1.00 per cent. Notes due 24 February 2025
to be assimilated (assimilées) and form a single series with the existing
750,000,000 1.00 per cent. Notes due 24 February 2025 (Series 74 Tranche 1) issued
on 20 November 2014
(the "Existing Notes")
under the
40,000,000,000 Euro Medium Term Note Programme
for the issue of obligations de financement de l'habitat and other privileged notes
Series No.: 74
Tranche No.: 2
Issue Price:
104.093 per cent. of the Aggregate Nominal Amount, plus an amount of EUR 88,797.81
corresponding to accrued interest on such Aggregate Nominal Amount for the period
from, and including, 24 February 2016 to, but excluding, 29 April 2016

Dealer

NATIXIS

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 11 May 2015 which received visa No. 15-185 from the
Autorité des marchés financiers (the "AMF") on 11 May 2015, as supplemented by the first
supplement dated 14 October 2015 which received visa No. 15-527 from the AMF on
14 October 2015 (together, the "Base Prospectus") which together constitute a base
prospectus for the purposes of the Prospectus Directive (as defined below).
Terms used herein shall be deemed to be defined as such for the purposes of the Conditions
which are the 2014 Conditions which are incorporated by reference in the base prospectus
dated 11 May 2015 which received visa No. 15-185 from the Autorité des marchés financiers
(the "AMF") on 11 May 2015 as supplemented by the first supplement dated 14 October 2015
which received visa No. 15-527 from the AMF on 14 October 2015 (together, the "Base
Prospectus") which together constitutes a base prospectus for the purposes of the Prospectus
Directive (as defined below).

This document constitutes the final terms (the "Final Terms") relating to the notes described
herein (the "Notes") 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 these Final Terms are available for viewing on the
websites of BPCE (www.bpce.fr) 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 Paying
Agent where copies may be obtained.
"Prospectus Directive" means Directive 2003/71/EC of the European Parliament and of the
Council of 4 November 2003, as amended and includes any relevant implementing measure
of the Prospectus Directive in each Member State of the European Economic Area.
1.
(i)
Series Number:
74
(ii)
Tranche Number:
2
(iii) Date on which Notes
The Notes will, upon listing, be assimilated
become fungible :
(assimilées) and form a single series with

the Existing Notes.
2.
Specified Currency:
Euro ("")
3.
Aggregate Nominal Amount of
Notes:

(i)
Series:
800,000,000
(ii)
Tranche:
50,000,000
4.
Issue Price:
104.093 per cent. of the Aggregate
Nominal Amount of the Tranche, plus an
amount of 88,797.81 corresponding to
accrued interest for the period from, and
including, the Interest Commencement
Date to, but excluding, the Issue Date
2

5.
Specified Denomination:
100,000
6.
(i)
Issue Date:
29 April 2016
(ii)
Interest
Commencement
Date:
24 February 2016
7.
Final Maturity Date:
24 February 2025
8.
Interest Basis:
1.00 per cent. Fixed Rate
(further particulars specified below)
9.
Redemption/Payment Basis:
Subject to any purchase and cancellation or
early redemption, the Notes will be
redeemed on the Final Maturity Date at
100 per cent. of the Aggregate Nominal
Amount
(further particulars specified below)
10. Change of Interest Basis:
Not Applicable
11. Put/Call Options:
Not Applicable
12. Date of corporate authorisations
for issuance of Notes obtained:
Decisions of the Conseil d'administration
(Board of Directors) of the Issuer (i) dated
17 December 2015 authorising the issue of
obligations de financement de l'habitat and
other resources benefiting from the
privilège referred to in Article L.513-11 of
the French Monetary and Financial Code
(Code monétaire et financier) up to
2,500,000,000 for the period beginning on
1 January 2016 and ending on 31
December 2016 and (ii) dated 14 April
2016 authorising the quarterly programme
of borrowings benefiting from such
privilège up to 1,500,000,000 for the
second quarter of 2016.
PROVISIONS RELATING TO INTEREST PAYABLE
13.
Fixed Rate Notes Provisions:
Applicable
(i)
Rate of Interest:
1.00 per cent. per annum payable annually in
arrear
(ii)
Interest Payment Dates:
24 February in each year, from and including
24 February 2016 up to and including the Final
Maturity Date
3

(iii)
Fixed Coupon Amount:
Rate of Interest × Specified Denomination ×
Day Count Fraction (i.e. 1,000 per 100,000
in Specified Denomination), subject to the
Broken Amount referred to in sub-paragraph
(iv) below
(iv)
Broken Amount:
Not Applicable
(v)
Day
Count
Fraction
(Condition 5(a)):
Actual/Actual-ICMA
(vi)
Determination Dates:
24 February in each year
14.
Floating Rate Notes Provisions:
Not Applicable
15.
Zero Coupon Notes Provisions:
Not Applicable
PROVISIONS RELATING TO REDEMPTION
16.
Call Option:
Not Applicable
17.
Put Option:
Not Applicable
18.
Final Redemption Amount of each
Note:
100,000 per Specified Denomination
19.
Redemption by Instalment:
Not Applicable
20.
Early Redemption Amount:

Early Redemption Amount(s) of each
Note payable on early redemption as
set out in the Terms and Conditions:
100,000 per Specified Denomination
21.
Purchases (Condition 6(h)):
The Notes purchased may be held and resold
as set out in the Terms and Conditions
GENERAL PROVISIONS APPLICABLE TO THE NOTES
22.
Governing law:
French law
23.
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
24.
Financial Centre or other special
provisions relating to payment
dates for the purposes of Condition
7(g):
Not Applicable
25.
Talons for future Coupons or
Receipts to be attached to Definitive
Materialised Notes (and dates on
which such Talons mature):
Not Applicable
4

26.
Masse:
The provisions of Condition 10 apply
The initial Representative is:
Sylvain Thomazo
20, rue Victor Bart
78000 Versailles
France
The alternate Representative is:
Sandrine d'Haussy
69, avenue Gambetta
94100 Saint Maur Des Fosses
France
GENERAL
The aggregate principal amount of Notes
issued has been translated into Euro at the
rate of [] per cent. producing a sum of:
Not Applicable
RESPONSIBILITY
I accept responsibility for the information contained in these Final Terms.

Signed on behalf of BPCE SFH:
By: Jean-Philippe Berthaut, Directeur Général Délégué
Duly authorised
5

PART B - OTHER INFORMATION
1.
LISTING AND ADMISSION TO TRADING
(i)
Listing:
Euronext Paris
(ii) (a) Admission to trading:
Application has been made by the Issuer (or
on its behalf) for the Notes to be admitted to
trading on Euronext Paris with effect from
29 April 2016.
(b) Regulated Markets or equivalent
markets
on
which,
to
the
knowledge of the Issuer, securities
of the same class of the Notes to be
admitted to trading are already
admitted to trading:
The Existing Notes are admitted to trading on
Euronext Paris
(iii) Estimate of total expenses related to
admission to trading:
7,400 (including the AMF fees)
2.
RATINGS
Ratings:
The Notes are expected to be rated:
S&P: AAA
Moody's: Aaa
Both S&P and Moody's are established in
the European Union and registered under
Regulation (EC) No. 1060/2009 of the
European Parliament and the Council of
16 September 2009 on credit rating agencies,
as amended (the "CRA Regulation") and
included in the list of registered credit rating
agencies published on the website of the
European Securities and Markets Authority
(www.esma.europa.eu) in accordance with
the CRA Regulation.
3.
INTERESTS OF NATURAL AND LEGAL PERSONS INVOLVED IN THE
ISSUE
Save as discussed in sections "Subscription and Sale" and "Risk factors Risks related
to the Issuer Certain conflicts of interest" of the Base Prospectus, so far as the Issuer is
aware, no person involved in the offer of the Notes has an interest material to the issue.
4.
YIELD
Indication of yield:
0.524 per cent. per annum
6

5.
OPERATIONAL INFORMATION
ISIN Code:
FR0012326841
Common Code:
114042676
Depositaries:

(a) Euroclear France to act as
Central Depositary:
Yes
(b) Common
Depositary
for
Euroclear Bank and Clearstream
Banking, société anonyme:
No
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 free of payment
Names and addresses of additional
Paying Agent:
Not Applicable
Name and address of the Calculation
Agent designated in respect of the
Notes:
Not Applicable
6
DISTRIBUTION

Method of distribution:
Not Syndicated

(i) If
syndicated,
names
of
Managers:
Not Applicable
(ii) Stabilising Manager:
Not Applicable
If non-syndicated, name of Dealer:
Not Applicable
U.S. selling restrictions:
The Issuer is Category 1 for the purposes of
Regulation S under the United States
Securities Act of 1933, as amended
TEFRA Not Applicable

Additional selling restrictions:
Not Applicable

7