Obligation Crédit Agricole SA 0.125% ( FR0013505575 ) en EUR

Crédit Agricole SA

100 % ⇌

France

FR0013505575 ( en EUR )

0.125% par an ( paiement annuel )

16/12/2024 - Obligation échue

Prospectus brochure de l'obligation Crédit Agricole FR0013505575 en EUR 0.125%, échue

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 émise par Crédit Agricole SA ( France ) , en EUR, avec le code ISIN FR0013505575, paye un coupon de 0.125% par an.
Le paiement des coupons est annuel et la maturité de l'Obligation est le 16/12/2024

MIFID II PRODUCT GOVERNANCE / PROFESSIONAL INVESTORS AND ECPS ONLY TARGET
MARKET Solely for the purposes of each EEA or the United Kingdom domiciled manufacturer's product
approval process, the target market assessment in respect of the Covered Bonds, 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 Covered Bonds is eligible counterparties and professional clients only,
each as defined in MiFID II; and (ii) all channels for distribution of the Covered Bonds to eligible counterparties
and professional clients are appropriate. Any person subsequently offering, selling or recommending the Covered
Bonds (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
Covered Bonds (by either adopting or refining the manufacturers' target market assessment) and determining
appropriate distribution channels.

IMPORTANT - PROHIBITION OF SALES TO EUROPEAN ECONOMIC AREA AND UK RETAIL
INVESTORS The Covered Bonds are not intended to be offered, sold or otherwise made available to and should
not be offered, sold, or otherwise made available to any retail investor in the European Economic Area ("EEA") or
in the United Kingdom (the "UK"). For these purposes, a retail investor means a person who is one (or more) of: (i)
a retail client as defined in point (11) of Article 4(1) of Directive 2014/65/EU, as amended ("MiFID II"); (ii) a
customer within the meaning of Directive 2016/97/EU, as amended, where that customer would not qualify as a
professional client as defined in point (10) of Article 4(1) of MiFID II; or (iii) not a qualified investor as defined in
Regulation (EU) 2017/1129 (the "Prospectus Regulation"). Consequently, no key information document required
by Regulation (EU) No. 1286/2014, as amended (the "PRIIPs Regulation") for offering or selling the Covered
Bonds or otherwise making them available to retail investors in the EEA or the United Kingdom has been prepared
and therefore offering or selling the Covered Bonds or otherwise making them available to any retail investor in
the EEA or the United Kingdom may be unlawful under the PRIIPs Regulation.

Final Terms dated 9 April 2020

CRÉDIT AGRICOLE HOME LOAN SFH
Legal Entity Identifier (LEI): 969500C9913Z7PKUGB44

Issue of 2,000,000,000 0.125 per cent. Fixed Rate Covered Bonds due 16 December 2024
extendible as Floating Rate Covered Bonds up to 16 December 2025
(the "Covered Bonds")
under the 40,000,000,000 Covered Bond Program
Issue Price: 99.870 per cent.

Joint Lead Managers
COMMERZBANK
CRÉDIT AGRICOLE CIB
LANDESBANK BADEN-WÜRTTEMBERG
NATIXIS
SANTANDER CORPORATE & INVESTMENT BANKING

Co-Lead Managers

BANCO SABADELL
CAIXA BANCO DE INVESTIMENTO
DEKABANK
DZ BANK AG
NORD/LB
SCOTIABANK

PART A CONTRACTUAL TERMS
Terms used herein shall be deemed to be defined as such for the purposes of the terms and conditions (the
"Conditions") set forth in the base prospectus dated 17 February 2020 which received approval no. 20-043 from
the Autorité des marchés financiers (the "AMF") on 17 February 2020, as supplemented by a first supplement to
the base prospectus dated 23 March 2020 which received approval no. 20-092 from the AMF on 23 March 2020
and a second supplement to the base prospectus dated 31 March 2020 which received approval no. 20-107 from the
AMF on 31 March 2020, which together constitute a base prospectus (the "Base Prospectus") for the purposes of
the Regulation (EU) 2017/1129 (the "Prospectus Regulation").
This document constitutes the final terms of the Covered Bonds (the "Final Terms") described herein for the
purposes of the Prospectus Regulation and must be read in conjunction with such Base Prospectus in order to
obtain all the relevant information on the Issuer and the Covered Bonds. Full information on the Issuer and the
offer of the Covered Bonds 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 Crédit
Agricole S.A. (www.credit-agricole.com) 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(s) where copies may be
obtained.
1.
Issuer:
Crédit Agricole Home Loan SFH
2.
(i)
Series Number:
76

(ii)
Tranche Number:
1

(iii)
Date on which the Covered Bonds
will be assimilated (assimilables) and form a
single Series:
Not Applicable
3.
Specified Currency:
Euro ("")
4.
Aggregate Nominal Amount of Covered Bonds:

(i)
Series:
2,000,000,000

(ii)
Tranche:
2,000,000,000
5.
Issue Price:
99.870 per cent. of the Aggregate Nominal Amount
6.
Specified Denomination:
100,000
7.
(i)
Issue Date:
14 April 2020

(ii)
Interest Commencement Date:
Issue Date
8.
Final Maturity Date:
16 December 2024
The Covered Bonds, having a soft bullet maturity in
accordance with Condition 7(a), will be redeemed at the
Final Maturity Date unless their maturity is extended to
the Extended Final Maturity Date as specified below.
9.
Extended Final Maturity Date:
16 December 2025
The Final Maturity Date will be extended automatically
to the Extended Final Maturity Date if the Final
Redemption Amount is not paid by the Issuer on the
Final Maturity Date. In such case, the payment of such
Final Redemption Amount shall be automatically
deferred and shall become due and payable on the
Extended Final Maturity Date, provided that (i) any
2

amount representing the Final Redemption Amount, as
specified below, remaining unpaid on the Final Maturity
Date may be paid by the Issuer on any Specified Interest
Payment Date thereafter and (ii) interest will continue to
accrue on any unpaid amount during such extended
period at the relevant newly applicable Rate of Interest
and be payable on each relevant Specified Interest
Payment Date.
10.
Interest Basis:
0.125 per cent. per annum Fixed Rate for the period
from and including the Interest Commencement Date to
but excluding the Final Maturity Date (further
particulars specified in paragraph 15 below).

EURIBOR 1 month plus 0.40 per cent. per annum
Floating Rate for the period from and including the Final
Maturity Date to but excluding the Extended Final
Maturity Date, or if earlier the date on which the
Covered Bonds are redeemed in full (further particulars
specified in paragraph 16 below).

11.
Redemption/Payment Basis:
Subject to any purchase and cancellation or early
redemption, the Covered Bonds will be redeemed on the
Final Maturity Date or on any Specified Interest
Payment Date occurring thereafter up to and including
the Extended Final Maturity Date as the case may be at
100 per cent. of their nominal amount.
12.
Change of Interest Basis:
Applicable Fixed/Floating Rate Covered Bonds
(further particulars specified below in "Fixed/Floating
Rate Covered Bonds Provisions"). Interest will accrue
on a Fixed Rate basis until the Final Maturity Date and
on a Floating Rate basis thereafter.
13.
Put/Call Options:
Not Applicable

14.
Date of Board approval for issuance of Covered
Bonds obtained:
19 December 2019 and 19 March 2020
PROVISIONS RELATING TO INTEREST PAYABLE
15.
Fixed Rate Covered Bond Provisions:
Applicable until the Final Maturity Date

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

(ii)
Interest Payment Dates:
16 December in each year, from and including 16
December 2020 up to and including the Final Maturity
Date.
There will be a short first coupon for the period from
and including the Issue Date to but excluding 16
December 2020, representing 246 days (the " Short
First Coupon").

(iii)
Fixed Coupon Amount:
125 per 100,000 in Specified Denomination, except
for the Short First Coupon.

(iv)
Broken Amount:
84.02 per 100,000 in Specified Denomination
payable on the Interest Payment Date falling on 16
3

December 2020

(v)
Day Count Fraction:
Actual/Actual (ICMA) (following unadjusted)

(vi) Business Centre(s):
TARGET 2

(vii)
Determination Dates:
16 December in each year
16.
Floating Rate Covered Bond Provisions:
Applicable if the Final Maturity Date is extended until
the Extended Final Maturity Date.

(i)
Interest Periods:
The period from and including the Final Maturity Date
to but excluding the first Specified Interest Payment
Date and each successive period from and including a
Specified Interest Payment Date to but excluding the
next succeeding Specified Interest Payment Date, up to
and excluding the Extended Final Maturity Date or, if
earlier the Specified Interest Payment Date on which the
Covered Bonds are redeemed in full subject to
adjustment in accordance with the Business Day
Convention set out in (v) below

(ii)
Specified Interest Payment Dates:
16th day of each month from (and including) 16 January
2025 to (and including) 16 December 2025, subject to
adjustment in accordance with the Business Day
Convention set out in (v) below

(iii)
First Interest Payment Date:
16 January 2025

(iv)
Interest Period Date:
Specified Interest Payment Date

(v)
Business Day Convention:
Modified Following Business Day Convention

(vi)
Business Centre(s):
TARGET 2

(vii)
Manner in which the Rate(s) of Interest
is/are to be determined:
Screen Rate Determination

(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

Benchmark:
EURIBOR 1 month

Relevant Time:
11.00 a.m. Brussels time

Interest Determination Dates:
Two (2) TARGET 2 Business Days prior to the
beginning of each Interest Period
Primary Source:
Reuters Page EURIBOR01

Reference Banks (if Primary Source is "Reference Not Applicable
Banks"):

Relevant Financial Centre:
Euro Zone

Representative Amount:
Not Applicable
4

Effective Date:
Not Applicable

Specified Duration:
1 month

(x)
ISDA Determination:
Not Applicable

(xi)
Linear Interpolation:
Not Applicable

(xii)
Margin:
+0.40 per cent. per annum

(xiii)
Minimum Rate of Interest:
Zero (0) per cent. per annum

(xiv)
Maximum Rate of Interest:
Not Applicable

(xv)
Day Count Fraction:
Actual/360
17.
Fixed/Floating Rate Covered Bonds Provisions: Applicable

(i)
Issuer Change of Interest Basis:
Not Applicable

(ii)
Automatic Change of Interest Basis:
Applicable

(iii)
Rate of Interest applicable to the
Interest Periods preceding the Switch
Date (excluded):
Determined in accordance with Condition 6(b), as though
the Covered Bonds were Fixed Rate Covered Bonds with
further variables set out in item 15 of these Final Terms.

(iv)
Rate of Interest applicable to the
Interest Periods following the Switch
Date (included):
Determined in accordance with Condition 6(c), as though
the Covered Bonds were Floating Rate Covered Bonds
with further variables set out in item 16 of these Final
Terms.

(v)
Switch Date:
Final Maturity Date

(vi)
Minimum notice period required for
notice from the Issuer:
Not Applicable
18.
Zero Coupon Covered Bond Provisions:
Not Applicable
PROVISIONS RELATING TO REDEMPTION
19.
Call Option:
Not Applicable

20.
Put Option:
Not Applicable
21.
Final Redemption Amount of each Covered
Bond:
100,000 per Covered Bond of Specified Denomination

22.
Early Redemption Amount of each Covered
Bond:

Early Redemption Amount(s) of each Covered
Bond payable on redemption for taxation reasons,
illegality or on event of default:
100,000 per Covered Bond (together with interest
accrued to the date fixed for redemption)
5

GENERAL PROVISIONS APPLICABLE TO THE COVERED BONDS
23.
Form of Covered Bonds:
Dematerialised Covered Bonds

(i)
Form of Dematerialised Covered Bonds: Bearer form (au porteur)

(ii)
Registration Agent:
Not Applicable

(iii)
Temporary Global Certificate:
Not Applicable

24.
Financial Centre(s):
TARGET 2
25.
Talons for future Coupons or Receipts to be
attached to Definitive Materialised Covered Bonds
(and dates on which such Talons mature):
Not Applicable
26.
Details relating to Instalment Covered Bonds:
Not Applicable
27.
Representation of Bondholders - Masse (Condition Contractual Masse shall apply
12):
Name and address of the Representative: F&S Financial
Services, Vincent Fabié, domiciled at 8 rue du
Mont-Thabor, 75001 Paris, France.
Name and address of the alternate Representative:
Aether Financial Services, 36 rue de Monceau, 75008
Paris, France.
The Representative will receive a remuneration of 400
per year.
28.
Prohibition of Sales to EEA and UK Retail Applicable
Investors:

THIRD PARTY INFORMATION
Not Applicable
Signed on behalf of CRÉDIT AGRICOLE HOME LOAN SFH:
Nadine FEDON
By:
............................................
Duly authorised
6

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
Covered Bonds to be admitted to trading on Euronext Paris with
effect from the Issue Date; last day of trading expected to be 16
December 2024, unless their maturity is extended to the
Extended Final Maturity Date.
(b) Regulated Markets or
equivalent markets on
which, to the knowledge of

the Issuer, securities of the
same class of the Covered
Bonds to be admitted to
trading are already admitted

to trading:
Not Applicable
(iii)
Estimate of total expenses
related to admission to
trading:
4,450

2.
RATINGS
Ratings:
The Covered Bonds to be issued are expected to be rated:
S&P Global Ratings: AAA
Moody's Investors Service Ltd.: Aaa
Fitch Ratings: AAA
Each of S&P Global Ratings, Moody's Investors Service Ltd. and
Fitch Ratings is established in the European Union or in the
United Kingdom, registered under Regulation (EU) No
1060/2009, as amended (the "CRA Regulation") and included in
the list of registered credit rating agencies published by the
European Securities and Markets Authority on its website
(www.esma.europa.eu/supervision/credit-rating-agencies/risk) in
accordance with CRA Regulation.
3.
SPECIFIC CONTROLLER
The specific controller (contrôleur spécifique) shall deliver to the Issuer (i) for each quarter a certificate relating to
the borrowing program for the relevant quarter and, (ii) in the event of an issue of Covered Bonds equaling or
exceeding Euro 500,000,000 or its equivalent in any other currency, a certificate relating to such issue.

4.
INTERESTS OF NATURAL AND LEGAL PERSONS INVOLVED IN THE ISSUE
Save for any fees payable to the Joint Lead Managers and the Co-Lead Managers in connection with the Issue of the Covered
Bonds, so far as the Issuer is aware, no person involved in the offer of the Covered Bonds has an interest material to the issue.
The Joint Lead Managers, the Co-Lead Managers and their affiliates have engaged, and may in the future engage, in investment
banking and/or commercial banking transactions with, and may perform other services for, the Issuer and its affiliates in the
ordinary course of business.
7

5.
FIXED RATE COVERED BONDS ONLY  YIELD
Indication of yield:
0.153 per cent. per annum.

The yield is calculated at the Issue Date on the basis of the Issue
Price for the period beginning on (and including) the Interest
Commencement Date and ending on (but excluding) the Final
Maturity Date. It is not an indication of future yield.
6.
FLOATING RATE COVERED BONDS ONLY  HISTORIC INTEREST RATES
(i)
Historic interest rates:
Details of historic EURIBOR rates can be obtained from Reuters
Page EURIBOR01 (or any successor)
(ii)
Benchmarks:
Amounts payable under the Covered Bonds will be calculated by
reference to EURIBOR which is provided by EMMI. As at the
date hereof, EMMI appears on the register of administrators and
benchmarks established and maintained by the European
Securities and Markets Authority pursuant to Article 36 of the
Benchmark Regulation (Regulation (EU) 2016/1011), as
amended (the "Benchmark Regulation").

7.
OPERATIONAL INFORMATION
(i) ISIN:
FR0013505575
(ii) Temporary ISIN:
Not Applicable
(iii) Common Code:
215340406
(iv) Depositaries:

- Euroclear France to act as

Central Depositary:
Yes

- Common Depositary for

Euroclear Bank and

Clearstream Banking, société
anonyme:
No

(v) Relevant clearing

system(s) other than

Euroclear Bank SA/NV

and Clearstream

Banking, société
anonyme and the

relevant identification
number(s):
Not Applicable

(vi) Delivery:
Delivery against payment
(vii) Names and addresses of
additional Paying

Agent(s) (if any):
Not Applicable

8

8.
DISTRIBUTION
(i)
Method of distribution:
Syndicated
(ii)
If syndicated:

(A) Names of Managers:
Joint Lead Managers

Banco Santander, S.A.
Commerzbank Aktiengesellschaft
Crédit Agricole Corporate and Investment Bank
Landesbank Baden-Württemberg
Natixis

Co-Lead Managers

Banco de Sabadell, S.A.
Caixa Banco de Investimento, S.A.
DekaBank Deutsche Girozentrale
DZ BANK AG Deutsche Zentral-Genossenschaftsbank, Frankfurt
am Main
Norddeutsche Landesbank Girozentrale
Scotiabank Europe plc
(B) Stabilisation Manager:
Crédit Agricole Corporate and Investment Bank
(iii)
If non-syndicated,

name of Dealer:
Not Applicable
(iv)
U.S. selling
The Issuer is Category 2 for the purposes of Regulation S under
restrictions:
the United States Securities Act of 1933, as amended.
TEFRA Not Applicable

9