Obligation Crédit Agricole SA 1.625% ( FR0013516184 ) en EUR

Crédit Agricole SA

100 % ▲

France

FR0013516184 ( en EUR )

1.625% par an ( paiement annuel )

05/06/2030

Prospectus brochure de l'obligation Crédit Agricole FR0013516184 en EUR 1.625%, échéance 05/06/2030

100 EUR

750 000 000 EUR

05/06/2026 ( Dans 317 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 FR0013516184, paye un coupon de 1.625% par an.
Le paiement des coupons est annuel et la maturité de l'Obligation est le 05/06/2030

MIFID II 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 3 June 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.: 586
Tranche No: 1
Issue of EUR 750,000,000 Subordinated Fixed Rate Resettable Notes due 5 June 2030
(the "Notes")
Issued by: Crédit Agricole S.A. (the "Issuer")
Lead Manager and Sole Bookrunner
Crédit Agricole CIB
Joint Lead Managers
Lloyds Bank Corporate Markets Wertpapierhandelsbank
OP Corporate Bank plc
Santander Corporate & Investment Banking
Senior Co-Lead Manager
Bank of Communications
Co-Lead Managers
Bankia
Scotiabank
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 the supplement to it dated 19 May 2020 which has received
approval no. 20-204 from the AMF on 19 May 2020 and which together constitute 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:
586
(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 750,000,000
(ii)
Tranche:
EUR 750,000,000
5.
Issue Price:
99.995 per cent. of the Aggregate
Nominal Amount
6.
Specified Denomination:
EUR 100,000
7.
(i)
Issue Date:
5 June 2020
(ii)
Interest Commencement Date:
Issue Date
8.
Maturity Date:
5 June 2030
9.
Interest Basis:
1.625 per cent. Fixed Rate (Resettable)
(further particulars specified in paragraph
15 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:
Not Applicable
12.
Put/Call Options:
Issuer Call
(further particulars specified in paragraph
20 below)
13.
Status:
Subordinated Notes
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 3 June 2020.
Provisions Relating to Interest (if any) Payable
15.
Fixed Rate Note:
Applicable
(i)
Rate of Interest:
Resettable
(ii)
Interest Payment Dates:
5 June in each year from (and including)
5 June 2021 up to (and including) the
Maturity Date
(iii)
Fixed Coupon Amount:
EUR 1,625 per Specified Denomination
payable on each Interest Payment Date
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from, and including 5 June 2021 up to,
and including, the First Reset Date
(iv)
Broken Amount:
Not Applicable
(v)
Day Count Fraction:
Actual/Actual (ICMA), Unadjusted
(vi)
Determination Dates:
5 June in each year
(vii)
Resettable:
Applicable

Initial Rate of Interest:
1.625 per cent. per annum payable
annually in arrear from (and including) the
Issue Date to (but excluding) the First
Reset Date

First Margin:
+ 1.900 per cent. per annum

Subsequent Margin:
Not Applicable

First Reset Date:
5 June 2025

Second Reset Date:
Not Applicable

Subsequent Reset Date(s):
Not Applicable

Relevant Screen Page:
Reuters Screen Page ICESWAP2

Reset Reference Rate:
Mid-Swap Rate

Mid-Swap
Floating
Leg
Benchmark Rate:
5-year EUR Mid-Swap Rate

Mid-Swap Maturity:
5 years

Reset Determination Date(s):
The day falling two (2) TARGET Business
Days prior to the First Reset Date

Relevant Time:
11.00 a.m. Brussels time

First Reset Period Fallback:
Not Applicable
16.
Floating Rate Note:
Not Applicable
17.
Zero Coupon Note:
Not Applicable
18.
CMS Linked Note:
Not Applicable
19.
Inflation Linked Notes:
Not Applicable
Provisions Relating to Redemption
20.
Redemption at the Option of the Issuer
(Call Option):
Applicable
(i)
Optional Redemption Date(s):
5 June 2025
(ii)
Optional Redemption Amount(s) of
each Note and method, if any, of
calculation of such amount(s):
EUR 100,000 per Note of EUR 100,000
Specified Denomination
(iii)
If redeemable in part:
Not Applicable
(iv)
Notice Period:
As per Conditions
21.
Clean-up Redemption Option:
Not Applicable
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22.
Redemption at the Option of Noteholders
(Put Option):
Not Applicable
23.
(i)
MREL/TLAC Disqualification Event
Call Option:
Applicable
(ii)
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 Note of EUR 100,000
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
(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
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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 3 June 2020

Duly represented by: Nadine Fedon

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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 5 June 2020.
(ii)
Estimate
of
total
expenses related to
admission to trading:
EUR 7,575.00 (without tax)
2. RATINGS
The Notes to be issued have been rated:
Standard & Poor's: BBB+
Moody's: Baa1
Fitch: A-
Standard & Poor's, Moody's and Fitch are established in
the European Union or in the United Kingdom 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 will be used for the Issuer's general
funding requirements
(ii)
Estimated net proceeds:
EUR 746,962,500.00
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5. YIELD
Indication of yield:
1.626 per cent. per annum until the First Reset Date
The yield in respect of this issue of Notes is calculated on
the basis of the Issue Price using the following formula:
P=
C (1-(1+r)-n) + A(1+r)-n
r
where:
P
is the Issue Price of the Notes;
C
is the Interest Amount;
A
is the outstanding principal amount of Notes due
on redemption;
n
is time to 5 June 2025 in years; and
r
is the yield.
As set out above, the yield is calculated at the Issue Date
on the basis of the Issue Price. It is not an indication of
future yield.
6. OPERATIONAL INFORMATION
(i)
ISIN:
FR0013516184
(ii)
Common Code:
218288553
(iii)
Any clearing system(s)
other than Euroclear
Bank
SA/NV
and
Clearstream
Banking
Société Anonyme and
the relevant identification
number(s):
Euroclear France
(iv)
Delivery:
Delivery against payment
(v)
Names and addresses of
Paying
Agent(s)
(including any additional
Paying Agent(s)):
CACEIS Corporate Trust
14, rue Rouget de Lisle
92682 Issy Les Moulineaux
Cedex 9 France
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7. DISTRIBUTION
1. Method of distribution:
Syndicated
2. If syndicated,
(i)
Names of Managers
(specifying
Lead
Manager):
Lead Manager and Sole Bookrunner
Crédit Agricole Corporate and Investment Bank
Joint Lead Managers
Banco Santander, S.A.
Lloyds Bank Corporate Markets Wertpapierhandelsbank
GmbH
OP Corporate Bank plc
Senior Co-Lead Manager
Bank of Communications
Co-Lead Managers
Bankia S.A.
Scotiabank Europe plc
(ii)
Date of Subscription
Agreement (if any):
3 June 2020
(iii)
Stabilisation
Manager(s) (if any):
Crédit Agricole Corporate and Investment Bank
3. If non-syndicated, name of
Dealer:
Not Applicable
4. Intermediary(ies)
in
secondary trading:
Not Applicable
5. U.S. Selling Restrictions:
Reg. S Compliance Category 2; TEFRA Not Applicable
6. Prohibition of Sales to EEA
and UK Retail Investors under
the PRIIPs Regulation:
Not Applicable
7. Additional
Selling Not Applicable
Restrictions:
8. Specific Consent:
Not Applicable
9. General Consent:
Not Applicable
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