Obligation Crédit Agricole SA 1% ( FR0013508512 ) en EUR

Crédit Agricole SA

98.63 % ▲

France

FR0013508512 ( en EUR )

1% par an ( paiement annuel )

21/04/2026

Prospectus brochure de l'obligation Crédit Agricole FR0013508512 en EUR 1%, échéance 21/04/2026

22/04/2026 ( Dans 292 jours )

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 FR0013508512, paye un coupon de 1% par an.
Le paiement des coupons est annuel et la maturité de l'Obligation est le 21/04/2026

MIFID I product governance / Professional investors and ECPs only target market Solely for
the purposes of each manufacturer's product approval process, the target market assessment in
respect of the Notes, 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
Notes is eligible counterparties and professional clients only, each as defined in Directive
2014/65/EU (as amended, "MiFID II"); and (ii) all channels for distribution of the Notes to eligible
counterparties and professional clients are appropriate. Any person subsequently offering, selling or
recommending the Notes (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 Notes (by either adopting or refining the manufacturers'
target market assessment) and determining appropriate distribution channels.

Final Terms dated 20 April 2020

Crédit Agricole S.A.
Legal Entity Identifier (LEI) of the Issuer is 969500TJ5KRTCJQWXH05

Euro 80,000,000,000
Euro Medium Term Note Programme

Series No.: 580
Tranche No: 1
Issue of EUR 1,500,000,000 Senior Non-Preferred Fixed to Floating Rate Notes due
April 2026 (the "Notes")
Issued by: Crédit Agricole S.A. (the "Issuer")

Lead Manager and Sole Bookrunner
Crédit Agricole CIB

Joint Lead Managers
BayernLB
Handelsbanken Capital Markets
Norddeutsche Landesbank Girozentrale 
Scotiabank
UniCredit Bank

Senior Co-Lead Managers
Daiwa Capital Markets Europe
SMBC Nikko

Co-Lead Manager
KBC Bank
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Any person making or intending to make an offer of the Notes may only do so in circumstances
in which no obligation arises for the Issuer or any Dealer to publish a prospectus pursuant to
Article 3 of the Prospectus Regulation or supplement a prospectus pursuant to Article 23 of
the Prospectus Regulation, in each case, in relation to such offer.
Neither the Issuer nor any Dealer has authorised, nor do they authorise, the making of any
offer of Notes in any other circumstances.
The expression "Prospectus Regulation" means Regulation (EU) 2017/1129.

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Part A -- Contractual Terms
Terms used herein shall be deemed to be defined as such for the purposes of the Conditions
set forth in "Terms and Conditions of the French Law Notes" in the base prospectus dated
9 April 2020 which has received approval no. 20-136 from the Autorité des marchés financiers
(the "AMF") on 9 April 2020 and which constitutes a base prospectus for the purposes of the
Prospectus Regulation (the "Base Prospectus"). This document constitutes the Final Terms
of the Notes described herein for the purposes of Article 8 of the Prospectus Regulation and
must be read in conjunction with the 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 on the website of the
Issuer
(https://www.credit-agricole.com/finance/finance/dette/emissions-marche/credit-
agricole-s.a.-emissions-marche), on the website of the AMF (www.amf-france.org) and copies
may be obtained from Crédit Agricole S.A., 12, place des Etats-Unis, 92127 Montrouge Cedex,
France.

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1.
Issuer:
Crédit Agricole S.A.
2.
(i)
Series Number:
580

(ii)
Tranche Number:
1

(iii)
Date on which the Notes
become fungible:
Not Applicable
3.
Specified Currency or Currencies:
Euro ("EUR")
4.
Aggregate Nominal Amount:

(i)
Series:
EUR 1,500,000,000

(ii)
Tranche:
EUR 1,500,000,000
5.
Issue Price:
99.942 per cent. of the Aggregate Nominal
Amount
6.
Specified Denomination:
EUR 100,000
7.
(i)
Issue Date:
22 April 2020

(ii)
Interest Commencement Date:
Issue Date
8.
Maturity Date:
Specified Interest Payment Date falling on
or nearest to 22 April 2026
9.
Interest Basis:
Fixed/Floating Rate Notes
(further particulars specified in paragraphs
15 and 16 below)
10.
Redemption Basis:
Subject to any purchase and cancellation or
early redemption, the Notes will be
redeemed on the Maturity Date at 100.00
per cent. of their nominal amount
11. Change of Interest Basis:
Applicable
From (and including) the Issue Date to (but
excluding) 22 April 2025, the Notes will bear
interest at a fixed rate of interest
(further particulars specified in paragraph
15 below)
From (and including) 22 April 2025 to (but
excluding) the Maturity Date, the Notes will
bear interest at a floating rate of interest
unless previously redeemed on the
Optional Redemption Date
(further particulars specified in paragraphs
16 and 20 below)
12. Put/Call Options:
Issuer Call
(further particulars specified in paragraph
20 below)
13. Status:
Senior Non-Preferred Notes
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14.
Dates of the corporate authorisations for
issuance of the Notes:
Resolution of the Board of Directors of the
Issuer dated 13 February 2020 and the
décision d'émission dated 20 April 2020
Provisions Relating to Interest (if any) Payable

15. Fixed Rate Note:
Applicable from (and including) the Issue
Date to (but excluding) 22 April 2025

(i)
Rate of Interest:
1.000 per cent. per annum payable
annually in arrear from (and including) the
Issue Date to (but excluding) 22 April 2025

(ii)
Interest Payment Dates:
22 April in each year from (and including)
22 April 2021 up to (and including)
22 April 2025

(iii)
Fixed Coupon Amount:
EUR 1,000 per Specified Denomination
payable on each Interest Payment Date

(iv)
Broken Amount:
Not Applicable

(v)
Day Count Fraction:
Actual/Actual (ICMA), not adjusted

(vi)
Determination Dates:
22 April in each year

(vii)
Resettable:
Not Applicable
16. Floating Rate Note:
Applicable
from
(and
including)
22 April 2025 to (but excluding) the Maturity
Date unless previously redeemed on the
Optional Redemption Date

(i)
Interest Period(s):
Each period from (and including) a
Specified Interest Payment Date to (but
excluding) the next subsequent Specified
Interest Payment Date save for the first
Interest Period which shall be the period
from (and including) 22 April 2025 to (but
excluding) the First Interest Payment Date

(ii)
Specified
Interest
Payment
Dates:
22
July
2025,
22
October
2025,
22 January 2026 and 22 April 2026, subject
to adjustment in accordance with the
Business Day Convention set out in
(v) below

(iii)
First Interest Payment Date:
The Specified Interest Payment Date falling
on or nearest to 22 July 2025, subject to
adjustment
in
accordance
with
the
Business Day Convention set out in
(v) below

(iv)
Interest Period Date:
Not Applicable
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(v)
Business Day Convention:
Modified
Following
Business
Day
Convention

(vi)
Business Center(s):
TARGET

(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
Interest Amount(s) (if not the
Calculation Agent):
Not Applicable

(ix)
Screen Rate Determination:
Applicable

Reference Rate:
3-month EURIBOR

Benchmark:
Not Applicable

Relevant Inter-Bank

Market:
Euro-zone

Relevant Screen Page

Time:
11:00 a.m. (Brussels time)

Interest Determination

Date:
The day falling 2 TARGET Business Days
prior to the first day in each Interest Accrual
Period

Relevant Screen Page:
Reuters EURIBOR 01

SOFR Rate Cut-Off Date:
Not Applicable

Lookback Days:
Not Applicable

Observation Shift Days:
Not Applicable

Interest Accrual Period End
Dates:
Not Applicable

Interest Payment Delay:
Not Applicable

SOFR Index Start:
Not Applicable

SOFR Index End:
Not Applicable

(x)
ISDA Determination:
Not Applicable

(xi)
FBF Determination:
Not Applicable

(xii)
Linear Interpolation:
Not Applicable

(xiii)
Margin(s):
+1.250 per cent. per annum

(xiv)
Minimum Rate of Interest:
0.00 per cent. Condition 5(i) shall apply

(xv)
Maximum Rate of Interest:
Not Applicable. Condition 5(i) shall apply

(xvi)
Day Count Fraction:
Actual / 360, adjusted
17. Zero Coupon Note:
Not Applicable
18. CMS Linked Note:
Not Applicable
19. Inflation Linked Notes:
Not Applicable
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Provisions Relating to Redemption

20. Redemption at the Option of the Issuer
(Call Option):
Applicable

(i)
Optional Redemption Date:
22 April 2025

(ii)
Optional Redemption Amount of
each Note and method, if any, of
calculation of such amount:
EUR 100,000 per Specified Denomination

(iii)
If redeemable in part:

(a)
Minimum
Redemption
Amount:
Not Applicable

(b)
Maximum
Redemption
Amount:
Not Applicable

(iv)
Notice Period:
As per Conditions
21. Clean-up Redemption Option:
Not Applicable
22. Redemption at the Option of Noteholders
(Put Option):
Not Applicable
23.
(v)
MREL/TLAC
Disqualification
Event Call Option:
Applicable

(vi)
Early Redemption Amount:
Final Redemption Amount
24. Final Redemption Amount of each Note:
Subject to any purchase and cancellation or
early redemption, the Notes will be
redeemed on the Maturity Date at 100.00
per cent. of their outstanding principal
amount
25. Early Redemption Amount of each Note:
EUR 100,000 per Specified Denomination
26.
Make-Whole Redemption Amount:
Not Applicable
General Provisions Applicable to the Notes

27.
(i)
Form of Notes (Bearer Notes):
Dematerialised Notes

(ii)
Form of Dematerialised Notes:
Bearer dematerialised form (au porteur)

(iii)
Registration Agent:
Not Applicable

(iv)
Temporary Global Certificate:
Not Applicable
28. Exclusion of the possibility to request
identification of a Noteholder as Provided
by Condition 1(a):
Not Applicable
29. Financial Center:
TARGET
30. Talons for future Coupons or Receipts to
be attached to Definitive Materialised
Bearer Notes (and dates on which such
Talons mature):
Not Applicable
31. Details relating to Instalment Notes:
Not Applicable
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(i)
Instalment Amount(s):
Not Applicable

(ii)
Instalment Date(s):
Not Applicable

(iii)
Minimum Instalment Amount:
Not Applicable

(iv)
Maximum Instalment Amount:
Not Applicable
32. Applicable tax regime:
Condition 8(a) applies
33. Representation of holders of French Law

Notes Masse:
Contractual Masse shall apply
Primary Appointed Representative: as per
the Conditions F&S Financial Services, 8,
rue du Mont Thabor, 75001 Paris, France
Alternate Appointed Representative: as per
the Conditions Aether Financial Services,
36, rue de Monceau, 75008 Paris, France
Remuneration: as per the Conditions the
remuneration of the Primary Appointed
Representative or, as the case may be, the
Alternate Appointed Representative, will be
equal to EUR 400 per year (excluding
taxes), payable as per the Conditions.
Responsibility
I hereby accept responsibility for the information contained in these Final Terms.
Signed on behalf of the Issuer on 20 April 2020

Duly represented by: Laurent Côte

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PART B OTHER INFORMATION
1. LISTING AND ADMISSION TO TRADING
(i)
Listing:
Application has been made for the Notes to be
admitted to trading on Euronext Paris with
effect from 22 April 2020.
(ii)
Estimate of total expenses

related to admission to
trading:
EUR 5,075 (without tax)
2. RATINGS

The Notes to be issued have been rated:

Standard & Poor's: A-
Moody's: Baa1
Fitch: A+
Standard & Poor's, Moody's and Fitch are
established in the European Union or in the
UK and are registered under Regulation (EC)
No 1060/2009 (the "CRA Regulation"). As
such, Standard & Poor's, Moody's and Fitch
are included in the list of credit rating agencies
published by the European Securities and
Market Authority on its website in accordance
with
the
CRA
Regulation
(www.esma.europa.eu/supervision/credit-
rating-agencies/risk).
3. INTERESTS OF NATURAL AND LEGAL PERSONS INVOLVED IN THE ISSUE
Save as discussed in "Subscription and Sale" in the Base Prospectus, so far as the
Issuer is aware, no person involved in the issue of the Notes has an interest material
to the issue.
4. REASONS FOR THE OFFER AND ESTIMATED NET PROCEEDS
(i)
Reasons for the offer:
The net proceeds wil be used for the Issuer's
general funding requirements
(ii)
Estimated net proceeds:
EUR 1,495,005,000
5. YIELD
Indication of yield:
1.012 per cent. per annum

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