Obligation Crédit Agricole SA 1.125% ( FR0014007MK3 ) en EUR

Crédit Agricole SA

100 % ▲

France

FR0014007MK3 ( en EUR )

1.125% par an ( paiement annuel )

11/07/2032

Prospectus brochure de l'obligation Crédit Agricole FR0014007MK3 en EUR 1.125%, échéance 11/07/2032

100 000 EUR

1 000 000 000 EUR

12/01/2026 ( Dans 69 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 FR0014007MK3, paye un coupon de 1.125% par an.
Le paiement des coupons est annuel et la maturité de l'Obligation est le 11/07/2032

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 (EU) 2014/65 (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.

UK MIFIR product governance / Professional investors and ECPs only target market Solely
for the purposes of the 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 (in accordance with the FCA's policy statement entitled
"Brexit our approach to EU non-legislative materials"), has led to the conclusion that: (i) the target
market for the Notes is only eligible counterparties, as defined in the FCA Handbook Conduct of
Business Sourcebook ("COBS"), and professional clients, as defined in Regulation (EU) No
600/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act
2018 ("UK MiFIR"); 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 manufacturer's target market assessment;
however, a distributor subject to the FCA Handbook Product Intervention and Product Governance
Sourcebook (the "UK MiFIR Product Governance Rules") is responsible for undertaking its own
target market assessment in respect of the Notes (by either adopting or refining the manufacturer's
target market assessment) and determining appropriate distribution channels.

A46947734

Final Terms dated 10 January 2022

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: 616
Tranche No: 1
Issue of EUR 1,000,000,000 Senior Non-Preferred Fixed Rate Notes due 12 July 2032
(the "Notes")
Issued by: Crédit Agricole S.A. (the "Issuer")

Lead Manager and Sole Bookrunner
CRÉDIT AGRICOLE CIB

Joint Lead Managers
BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
BAYERN LB
CAIXABANK, S.A.
STANDARD CHARTERED BANK

Co-Lead Managers
ANZ
BANCA AKROS SPA - GRUPPO BANCO BPM
DZ BANK AG
HAUCK AUFHÄUSER LAMPE PRIVATBANK AG
KBC BANK
LA BANQUE POSTALE
MILLENNIUM BCP
MPS CAPITAL SERVICES BANCA PER LE IMPRESE SPA
NORD/LB

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A46947734

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) No 2017/1129, as amended.

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A46947734

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
12 April 2021 which has received approval no. 21-101 from the Autorité des marchés
financiers (the "AMF") on 12 April 2021, the first supplement to it dated 27 May 2021 which
has received approval no. 21-185 from the AMF on 27 May 2021, the second supplement to it
dated 23 August 2021 which has received approval no. 21-366 from the AMF on 23 August
2021, the third supplement to it dated 23 November 2021 which has received approval no. 21-
501 from the AMF on 23 November 2021 and the fourth supplement to it dated 3 January 2022
which has received approval no. 22-003 from the AMF on 3 January 2022 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 États-Unis, 92127 Montrouge Cedex, France.

1.
Issuer:
Crédit Agricole S.A.
2.
(i)
Series Number:
616

(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:
99.795 per cent. of the Aggregate Nominal
Amount
6.
Specified Denomination:
EUR 100,000
7.
(i)
Issue Date:
12 January 2022

(ii)
Interest Commencement
Issue Date
Date:
8.
Maturity Date:
12 July 2032
9.
Interest Basis:
1.125 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

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A46947734

11.

Change of Interest Basis:
Not Applicable

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 10 February 2021 and the
Notes:
décision d'émission dated 10 January 2022
Provisions Relating to Interest (if any) Payable

15.

Fixed Rate Note:
Applicable

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

(ii)
Interest Payment Dates:
12 July in each year, from (and including)
12 July 2022, up to (and including) the
Maturity Date

(iii)
Fixed Coupon Amount:
EUR 1,125 per Specified Denomination
payable on each Interest Payment Date,
except for the amount payable in respect of
the short first Interest Accrual Period
beginning on (and including) the Interest
Commencement Date and ending on (but
excluding) the Interest Payment Date
falling on 12 July 2022 which shall be the
Broken Amount

(iv)
Broken Amount:
EUR 557.88, per Specified Denomination,
payable on the Interest Payment Date
falling on 12 July 2022

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

(vi)
Determination Dates:
12 July 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:

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A46947734

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

Final Redemption Amount of each
Subject to any purchase and cancellation or
Note:
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
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:
32.

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

Representation of holders of French Contractual Masse shall apply
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

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A46947734

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 10 January 2022

Duly represented by: Laurent Côte

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A46947734

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
12 January 2022
(ii) Estimate of total expenses related to
EUR 8,500 (without tax)

admission to trading:
2. RATINGS

The Notes to be issued have been rated:

Standard & Poor's: A-
Moody's: A3
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") or under the CRA
Regulation as it forms part of UK domestic law by
virtue of the European Union (Withdrawal) Act 2018
(the "EUWA"). 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).
As defined by Standard & Poor's, an "A" rating means
that the Issuer's capacity to meet its financial
commitment on the obligation is strong but somewhat
susceptible to adverse economic conditions. The
addition of a minus (-) sign shows relative standing
within that rating categories.
As defined by Moody's, obligations rated "A" are
judged to be upper-medium grade and are subject to
low credit risk. The modifier 3 indicates a ranking in
the lower end of that generic rating category.

8
A46947734

As defined by Fitch, an "A" rating denotes
expectations of low default risk. The capacity for
payment of financial commitments is considered
strong. This capacity may, nevertheless, be more
vulnerable to adverse business or economic conditions
than is the case for higher ratings. The modifier (+) is
appended to denote relative status within this
category.

3. INTERESTS OF NATURAL AND LEGAL PERSONS INVOLVED IN THE ISSUE
Save for the fees payable to the Managers, so far as the Issuer is aware, no person involved in
the issue of the Notes has an interest material to the offer. The 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.
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 994,200,000

5. YIELD
Indication of yield:
1.146 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.

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A46947734

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:
FR0014007MK3

(ii)
Common Code:
243097126

(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
CACEIS Corporate Trust

Agent(s) (including any
14, rue Rouget de Lisle
additional Paying Agent(s)):
92682 Issy Les Moulineaux
Cedex 9 France

7. DISTRIBUTION
1. Method of distribution:
Syndicated

2. If syndicated,

(i)
Names of Managers

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

Joint Lead Managers
Banco Bilbao Vizcaya Argentaria, S.A.
Bayerische Landesbank
CaixaBank, S.A.
Standard Chartered Bank AG
Co-Lead Managers
Australia and New Zealand Banking Group Limited
Banca Akros SpA - Gruppo Banco BPM
Banco Comercial Português, S.A.
DZ BANK AG Deutsche Zentral-
Genossenschaftsbank, Frankfurt am Main,

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A46947734