Obligation BPCe 2.875% ( FR0013155009 ) en EUR

BPCe

100 % ▲

France

FR0013155009 ( en EUR )

2.875% par an ( paiement annuel )

21/04/2026

Prospectus brochure de l'obligation BPCE FR0013155009 en EUR 2.875%, échéance 21/04/2026

100 000 EUR

750 000 000 EUR

22/04/2026 ( Dans 312 jours )

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 FR0013155009 émise par BPCE en France, d'une valeur nominale de 750 000 000 EUR, affichant un taux d'intérêt de 2,875% et échéant le 21/04/2026, est actuellement cotée à 100%, avec une taille minimale d'achat de 100 000 EUR et des paiements d'intérêts annuels.

Final Terms dated 20 April 2016
BPCE
Euro 40,000,000,000
Euro Medium Term Note Programme
for the issue of Notes
SERIES NO: 2016-19
TRANCHE NO: 1
EUR 750,000,000 2.875 per cent. Subordinated Notes due 22 April 2026
Sole Bookrunner and Joint Lead Manager
Natixis
Joint Lead Managers
Bankinter
CaixaBank
Deutsche Bank
Morgan Stanley

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 18 November 2015 which received visa n°15-588
from the Autorité des marchés financiers (the "AMF") on 18 November 2015 (the "Base Prospectus") and
the supplements to the Base Prospectus dated 29 February 2016 and 5 April 2016 which received from the
AMF respectively visa n°16-062 on 29 February 2016 and visa n° 16-118 on 5 April 2016 (the "Base
Prospectus Supplements"), which together constitute a base prospectus for the purposes of the Prospectus
Directive (Directive 2003/71/EC), as amended (the "Prospectus Directive").
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
Supplements 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:
2016-19
(ii) Tranche Number:
1
3
Specified Currency or Currencies:
Euro ("EUR")
4
Aggregate Nominal Amount:
(i)
Series:
EUR 750,000,000
(ii) Tranche:
EUR 750,000,000
5
Issue Price:
98.968 per cent. of the Aggregate Nominal
Amount
6
Specified Denomination:
EUR 100,000
7
(i)
Issue Date:
22 April 2016
(ii) Interest Commencement Date:
22 April 2016
8
Interest Basis:
2.875 per cent. Fixed Rate
(further particulars specified below)
9
Maturity Date:
22 April 2026
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:
Not Applicable
13
(i)
Status of the Notes:
Subordinated Notes: subordinated to
Senior Obligations, senior to prêts
participatifs, titres participatifs and any
deeply subordinated obligations of the
Issuer; Senior Obligations being all
unsecured and unsubordinated obligations
of the Issuer, and all other obligations
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expressed to rank senior to the
Subordinated Notes, as provided by their
terms or by law
(ii) Dates of the corporate authorisations for issuance Decision of the Directoire of the Issuer
of Notes obtained:
dated 27 April 2015 and decision of
Mr. Jean-Philippe Berthaut, Head of Group
Funding, adopted on 13 April 2016 and
whose minutes were executed on 20
April 2016
PROVISIONS RELATING TO INTEREST (IF ANY) PAYABLE
14
Fixed Rate Note Provisions
Applicable
(i)
Rate of Interest:
2.875 per cent. per annum payable
annually in arrear on each Interest
Payment Date
(ii) Resettable:
Not Applicable
(iii) Interest Payment Date(s):
22 April in each year commencing on 22
April 2017
(iv) Fixed Coupon Amount:
EUR 2,875 per Note of EUR 100,000
Specified Denomination
(v) Broken Amount(s):
Not Applicable
(vi) Day Count Fraction:
Actual/Actual (ICMA)
(vii) Determination Dates:
22 April in each year
(viii)Payments on Non-Business Days
As per the Conditions
15
Floating Rate Note Provisions
Not Applicable
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
Not Applicable
20
Final Redemption Amount of each Note
EUR 100,000 per Note of EUR 100,000
Specified Denomination
21
Early Redemption Amount
(i) Early Redemption Amount of each Note payable
on redemption upon the occurrence of a Capital
Event (Condition 6(g)), for a Withholding Tax
Event (Condition 6(h)(i)), or for a Tax
Deductibility Event (Condition 6(c)(iii)):
EUR 100,000 per Note of EUR 100,000
Specified Denomination
(ii) Redemption for taxation reasons permitted on
days others than Interest Payment Dates
(Condition 6(h)):
Yes
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(iii) Unmatured Coupons to become void upon early
redemption (Materialised Bearer Notes only)
(Condition 7(f)):
Not Applicable
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):
Not Applicable
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
26
Redenomination provisions:
Not Applicable
27
Purchase in accordance with Articles L.213-1 A and
D.213-1 A of the French Code monétaire et financier:
Applicable
28
Consolidation provisions:
Not Applicable
29
Masse:
Contractual Masse shall apply
Name and address of the Representative:
Maître Antoine Lachenaud
10, rue de Sèze
75009 Paris
France
Name and address of the alternate
Representative:
SELARL MCM Avocat represented by
Maître Philippe Maisonneuve
Avocat
10, rue de Sèze
75009 Paris
France
The Representative will receive a
remuneration of Euro 2,000 (excluding
VAT) per year.
RESPONSIBILITY
The Issuer accepts responsibility for the information contained in these Final Terms.
Signed on behalf of BPCE
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4

Duly represented by:
Jean-Philippe Berthaut, Head of Group Funding
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PART B OTHER INFORMATION
1
LISTING AND ADMISSION TO TRADING
(i)
Listing and Admission to Application has been made by the Issuer (or on its behalf) for
trading:
the Notes to be listed and admitted to trading on Euronext
Paris with effect from the Issue Date.
(ii)
Estimate of total expenses
related to admission to
trading:
EUR 12,000 (including AMF fees)
2
RATINGS
Ratings:
The Notes to be issued are expected to be rated:
S & P: BBB
Moody's: Baa3
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
INTERESTS OF NATURAL AND LEGAL PERSONS INVOLVED IN THE ISSUE
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.
4
YIELD
Indication of yield:
2.996 per cent. per annum
The yield is calculated at the Issue Date on the basis of the
Issue Price. It is not an indication of future yield.
5
OPERATIONAL INFORMATION
ISIN:
FR0013155009
Common Code:
139826752
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
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Names and addresses of additional
Paying Agent(s) (if any):
Not Applicable
6
DISTRIBUTION
(i)
Method of distribution:
Syndicated
(ii) If syndicated:
(A) Names of Managers:
Sole Bookrunner and Joint Lead Manager
Natixis
Joint Lead Managers
Bankinter, S.A.
CaixaBank, S.A.
Deutsche Bank AG, London Branch
Morgan Stanley & Co. International plc
(B) Stabilising Manager(s) if any:
Not Applicable
(iii) If non-syndicated, name and
address of Dealer:
Not Applicable
(iv) US Selling
Reg. S Compliance Category 2 applies to the Notes;
Restrictions(Categories of
TEFRA not applicable
potential investors to which the
Notes are offered):
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Document Outline

#1">BPCE Tier 2 due 2026_Final Terms.docx