Obligation Crédit Agricole SA 0.125% ( FR0014000Y93 ) en EUR

Crédit Agricole SA

94.92 % ▲

France

FR0014000Y93 ( en EUR )

0.125% par an ( paiement annuel )

08/12/2027

Prospectus brochure de l'obligation Crédit Agricole FR0014000Y93 en EUR 0.125%, échéance 08/12/2027

09/12/2025 ( Dans 139 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 FR0014000Y93, paye un coupon de 0.125% par an.
Le paiement des coupons est annuel et la maturité de l'Obligation est le 08/12/2027

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 7 December 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: 595
Tranche No: 1
Issue of EUR 1,000,000,000 Senior Non-Preferred Fixed Rate Social Notes due
9 December 2027 (the "Notes")
Issued by: Crédit Agricole S.A. (the "Issuer")

Lead Manager and Sole Bookrunner
Crédit Agricole CIB

Joint-Lead Managers
BBVA
DZ BANK AG
Natixis
Rabobank
UniCredit

Co-Lead Managers
ABANCA
La Banque Postale
National Bank of Canada Financial Markets

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.
A43116000
2

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, the supplement no. 1 to it dated 19 May 2020 which has received
approval no. 20-204 from the AMF on 19 May 2020, the supplement no. 2 to it dated 21 August
2020 which has received approval no. 20-428 from the AMF on 21 August 2020 and the
supplement no. 3 to it dated 30 November 2020 which has received approval no. 20-584 from
the AMF on 30 November 2020, 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.

1.

Issuer:
Crédit Agricole S.A.
2.
(i)
Series Number:
595

(ii)
Tranche Number:
1

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

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

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

(ii)
Interest Commencement
Issue Date
Date:
8.
Maturity Date:
9 December 2027
9.
Interest Basis:
0.125 per cent. Fixed Rate
(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

A43116000
3

12.

Put/Call Options:
Not Applicable
13.

Status:
Senior Non-Preferred Notes
14.
Dates of the corporate
Resolution of the Board of Directors of the
authorisations for issuance of the
Issuer dated 13 February 2020 and the
Notes:
décision d'émission dated 7 December
2020
Provisions Relating to Interest (if any) Payable

15.

Fixed Rate Note:
Applicable

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

(ii)
Interest Payment Dates:
9 December in each year, from (and
including) 9 December 2021, up to (and
including) the Maturity Date

(iii)
Fixed Coupon Amount:
EUR 125 per Specified Denomination
payable on each Interest Payment Date

(iv)
Broken Amount:
Not Applicable

(v)
Day Count Fraction:
Actual/Actual-ICMA, Unadjusted

(vi)
Determination Dates:
9 December in each year

(vii)
Resettable:
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
Not Applicable
Issuer (Call Option):
21.

Clean-up Redemption Option:
Not Applicable
22.

Redemption at the Option of
Not Applicable
Noteholders (Put Option):
23.
(i) MREL/TLAC
Applicable
Disqualification Event Call
Option:

(ii) Early Redemption Amount:
Final Redemption Amount
24.

Final Redemption Amount of each
Subject to any purchase and cancellation
Note:
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
EUR 100,000 per Note of EUR 100,000
Note:
Specified Denomination
26.
Make-Whole Redemption Amount:
Not Applicable
A43116000
4

General Provisions Applicable to the Notes

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

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

(iii)
Registration Agent:
Not Applicable

(iv)
Temporary Global
Not Applicable
Certificate:
28.

Exclusion of the possibility to
Not Applicable
request identification of a
Noteholder as Provided by
Condition 1(a):
29.

Financial Center:
TARGET2
30.

Talons for future Coupons or
Not Applicable
Receipts to be attached to
Definitive Materialised Bearer
Notes (and dates on which such
Talons mature):
31.

Details relating to Instalment
Not Applicable
Notes:

(i)
Instalment Amount(s):
Not Applicable

(ii)
Instalment Date(s):
Not Applicable

(iii)
Minimum Instalment
Not Applicable
Amount:

(iv)
Maximum Instalment
Not Applicable
Amount:
32.

Applicable tax regime:
Condition 8(a) applies
33.

Representation of holders of
Contractual Masse shall apply
French Law Notes Masse:

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.

A43116000
5

Responsibility
I hereby accept responsibility for the information contained in these Final Terms.
Signed on behalf of the Issuer on 7 December 2020

Duly represented by: Nadine Fedon

[text|req|signer1|Sign][Laurent Côte][issuer]

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
9 December 2020

(ii) Estimate of total expenses related EUR 5,700 (without tax)

to admission to trading:
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 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 Notes constitute Social Notes and an amount
equal or equivalent to the net proceeds will be used
to finance and/or refinance, in whole or in part, one or
more of the Eligible Social Assets as described in the
Social Bond Framework of the Issuer.
The Issuer has appointed Vigeo Eiris to provide a
second party opinion (the "Second Party Opinion")
on the Social Bond Framework and its alignment with
ICMA's Social Bonds Principles.
A43116000
7

The Social Bond Framework and the Second Party
Opinion are available on the Issuer's website
(https://www.credit-
agricole.com/en/finance/finance/debt).

(ii)
Estimated net proceeds:
EUR 989,160,000

5. YIELD
Indication of yield:
0.238 per cent. per annum

The yield in respect of this issue of Fixed Rate 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 maturity 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:
FR0014000Y93

(ii)
Common Code:
227055731

(iii)
Any clearing system(s) other

than Euroclear Bank SA/NV

and Clearstream Banking
Société Anonyme and the

relevant identification
Euroclear France
number(s):
(iv)
Delivery:
Delivery against payment

(v)
Names and addresses of
CACEIS Corporate Trust

Paying Agent(s) (including
14. rue Rouget de Lisle
92682 Issy Les Moulineaux
Cedex 9 France
A43116000
8

any additional Paying

Agent(s)):
7. DISTRIBUTION
1. Method of distribution:
Syndicated

2. If syndicated,

(i)
Names of Managers
Lead Manager and Sole Bookrunner

(specifying Lead
Crédit Agricole Corporate and Investment Bank
Manager):

Joint-Lead Managers
Banco Bilbao Vizcaya Argentaria, S.A.
Coöperatieve Rabobank U.A.
DZ BANK AG Deutsche Zentral-
Genossenschaftsbank, Frankfurt am Main
Natixis
UniCredit Bank AG

Co-Lead Managers
ABANCA Corporación Bancaria, S.A.
La Banque Postale
National Bank Financial Inc.

(ii)
Date of Subscription
7 December 2020

Agreement (if any):
(iii)
Stabilisation Manager(s)
Not Applicable

(if any):
3. If non-syndicated, name of
Not Applicable

Dealer:
4. Intermediary(ies) in secondary
Not Applicable

trading
5. U.S. Selling Restrictions
Reg. S Compliance Category 2; TEFRA Not

Applicable
6. Prohibition of Sales to EEA and
Not Applicable

UK Retail Investors under the
PRIIPs Regulation:
7. Additional Selling Restrictions:
Not Applicable

A43116000
9

8. Specific Consent:
Not Applicable

9. General Consent:
Not Applicable

A43116000
10

Document Outline

#3">Part A „ Contractual Terms