Obligation BPCe 1.125% ( FR0013231743 ) en EUR

BPCe

100 % ▼

France

FR0013231743 ( en EUR )

1.125% par an ( paiement annuel )

18/01/2023 - Obligation échue

Prospectus brochure de l'obligation BPCE FR0013231743 en EUR 1.125%, échue

100 000 EUR

1 000 000 000 EUR

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 FR0013231743, paye un coupon de 1.125% par an.
Le paiement des coupons est annuel et la maturité de l'Obligation est le 18/01/2023

Final Terms dated 16 January 2017

BPCE

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

SERIES NO: 2017-1
TRANCHE NO: 1
Euro 1,000,000,000 1.125 per cent. Senior Non-Preferred Notes due 18 January 2023

Joint Lead Managers

Commerzbank
Crédit Agricole CIB
Mizuho Securities
Natixis
UniCredit Bank AG

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 21 December 2016 which received visa n°16-595
from the Autorité des marchés financiers (the "AMF") on 21 December 2016 (the "Base Prospectus") which
constitutes 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. 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 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:
2017-1
(ii) Tranche Number:
1
3
Specified Currency or Currencies:
Euro
4
Aggregate Nominal Amount:

(i) Series:
Euro 1,000,000,000
(ii) Tranche:
Euro 1,000,000,000
5
Issue Price:
99.879 per cent. of the Aggregate Nominal
Amount
6
Specified Denomination:
Euro 100,000
7
(i) Issue Date:
18 January 2017

(ii) Interest Commencement Date:
Issue Date
8
Interest Basis:
1.125 per cent. Fixed Rate
(further particulars specified below)
9
Maturity Date:
18 January 2023
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:
Senior Non-Preferred Notes
(ii) Dates of the corporate authorisations for issuance Decision of the Directoire of the Issuer
of Notes obtained:
dated 25 April 2016 and decision of
Mr. Jean-Philippe Berthaut, Head of Group
Funding, adopted on 10 January 2017 and
whose minutes were executed on 16
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January 2017

PROVISIONS RELATING TO INTEREST (IF ANY) PAYABLE
14 Fixed Rate Note Provisions:
Applicable
(i) Rate of Interest:
1.125 per cent. per annum payable
annually in arrear on each Interest
Payment Date
(ii) Resettable:
Not Applicable
(iii) Interest Payment Dates:
18 January in each year commencing on
18 January 2018
(iv) Fixed Coupon Amount:
Euro 1,125 per Note of Euro 100,000
Specified Denomination
(v) Broken Amount:
Not Applicable
(vi) Day Count Fraction:
Actual/Actual (ICMA)
(vii) Determination Dates:
18 January 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 MREL/TLAC Disqualification Event Call Option:
Applicable
21 Final Redemption Amount of each Note:
Euro 100,000 per Note of Euro 100,000
Specified Denomination
22 Inflation Linked Notes Provisions relating to the
Not Applicable
Final Redemption Amount:
23 Early Redemption Amount:

(i) Early Redemption Amount(s) of each Senior
Preferred Note payable on redemption upon the
occurrence of a Withholding Tax Event
(Condition 6(i)(i)), a Gross-Up Event (Condition
6(i)(ii)) or for illegality (Condition 6(l)):
Not Applicable
(ii) Early Redemption Amount(s) of each Senior
Non-Preferred Note payable on redemption upon
the
occurrence
of
an
MREL/TLAC
Disqualification Event (Condition 6(g)) or a
Withholding Tax Event (Condition 6(i)(i)):
Euro 100,000 per Note of Euro 100,000
Specified Denomination
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(iii) Early
Redemption
Amount(s)
of
each
Subordinated Note payable on redemption upon
the occurrence of a Capital Event (Condition
6(h)), a Withholding Tax Event (Condition 6(i)(i))
or a Tax Deductibility Event (Condition 6(i)(iii)):
Not Applicable
(iv) Early Redemption Amount(s) of each Note
payable on redemption upon the occurrence of an
Event of Default (Condition 9):
Not Applicable
(v) Redemption for taxation reasons permitted on
days others than Interest Payment Dates
(Condition 6(i)):
Yes
(vi) Unmatured Coupons to become void upon early
redemption (Materialised Bearer Notes only)
(Condition 7(f)):
Not Applicable

GENERAL PROVISIONS APPLICABLE TO THE NOTES
24 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
25 Financial Centre(s):
Not Applicable
26 Talons for future Coupons or Receipts to be attached to

Definitive Notes (and dates on which such Talons

mature):
Not Applicable
27 Details relating to Instalment Notes: amount of each

instalment, date on which each payment is to be made:
Not Applicable
28 Redenomination provisions:
Not Applicable
29 Purchase in accordance with Articles L.213-1 A and

D.213-1 A of the French Code monétaire et financier:
Applicable
30 Consolidation provisions:
Not Applicable
31 Waiver of Set-Off
Applicable
32 Masse:
Contractual Masse shall apply

Name and address of the Representative:
SELARL MCM Avocat represented by
Maître Antoine Lachenaud
10, rue de Sèze
75009 Paris
France

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Name and address of the alternate
Representative:
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.

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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
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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:
Euro 9,600 (including AMF fees)
2
RATINGS
Ratings:
The Notes to be issued are expected to be rated:
Fitch: A
Moody's Investor Services: Baa3
S&P: BBB+

Each of Fitch, Moodys Investor Services and S&P 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:
1.146 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:
FR0013231743
Common Code:
155097914
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
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Delivery:
Delivery against payment
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:
Commerzbank Aktiengesellschaft
Crédit Agricole Corporate and Investment Bank
Mizuho International plc
Natixis
UniCredit Bank AG

(B) Stabilising Manager(s) if any:
Not Applicable
(iii) If non-syndicated, name and Not Applicable
address of Dealer:
(iv) US Selling Restrictions

(Categories of potential investors

to which the Notes are offered):
Reg. S Compliance Category 2 applies to the Notes;
TEFRA not applicable

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