Obligation Crédit Agricole SA 2.97% ( FR0014007V57 ) en NOK

Crédit Agricole SA

100 % ⇌

France

FR0014007V57 ( en NOK )

2.97% par an ( paiement annuel )

24/01/2032

Prospectus brochure de l'obligation Crédit Agricole FR0014007V57 en NOK 2.97%, échéance 24/01/2032

2 000 000 NOK

1 000 000 000 NOK

24/01/2026 ( Dans 185 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 NOK, avec le code ISIN FR0014007V57, paye un coupon de 2.97% par an.
Le paiement des coupons est annuel et la maturité de l'Obligation est le 24/01/2032

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 (EU)
2014/65 (as amended, "MiFID II"); and (i ) 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 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 (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 (i ) 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 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 manufacturers'
target market assessment) and determining appropriate distribution channels.

Final Terms dated 20 January 2021

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

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

Series No.: 619
Tranche No: 1
Issue of NOK 1,000,000,000 Senior Non-Preferred Fixed Rate Notes due
24 January 2032 (the "Notes")
Issued by: Crédit Agricole S.A. (the "Issuer")

Lead Manager and Sole Bookrunner
Crédit Agricole CIB

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.

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
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 supplement no. 3 to it dated 23 November 2021 which has received approval no.
21-501 from the AMF on 23 November 2021 and the supplement no. 4 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. Ful 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.

3

1.
Issuer:
Crédit Agricole S.A.
2.
(i)
Series Number:
619

(i )
Tranche Number:
1

(i i)
Date on which the Notes
become fungible:
Not Applicable
3.
Specified Currency or Currencies:
Norwegian Krone ("NOK")
4.
Aggregate Nominal Amount:

(i)
Series:
NOK 1,000,000,000.00

(i )
Tranche:
NOK 1,000,000,000.00
5.
Issue Price:
100.00 per cent. of the Aggregate
Nominal Amount
6.
Specified Denomination:
NOK 2,000,000.00
7.
(i)
Issue Date:
24 January 2022

(i )
Interest Commencement Date: Issue Date
8.
Maturity Date:
24 January 2032
9.
Interest Basis:
2.97 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 wil 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:
Not Applicable
13.

Status:
Senior Non-Preferred Notes
14.
Dates of the corporate authorisations for
issuance of the Notes:
Resolution of the Board of Directors of
the Issuer dated 10 February 2021 and
the Final Terms which constitute the
décision d'émission dated 20 January
2022
Provisions Relating to Interest (if any) Payable

15.

Fixed Rate Note:
Applicable

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

(i )
Interest Payment Dates:
24 January in each year, from (and
including) 24 January 2023, up to (and
including) the Maturity Date
4

(i i)
Fixed Coupon Amount:
NOK
59,400
per
Specified
Denomination payable on each Interest
Payment Date

(iv)
Broken Amount:
Not Applicable

(v)
Day Count Fraction:
30/360, Unadjusted

(vi)
Determination Dates:
Not Applicable

(vi )
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 Issuer
(Call Option):
Not Applicable
21.

Clean-up Redemption Option:
Not Applicable
22.

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

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

Final Redemption Amount of each Note: Subject
to
any
purchase
and
cancellation or early redemption, the
Notes wil be redeemed on the Maturity
Date at 100.00 per cent. of their
outstanding principal amount
25.

Early Redemption Amount of each Note: NOK 2,000,000.00 per Note of NOK
2,000,000.00 Specified Denomination
26.
Make-Whole Redemption Amount:
Not Applicable
General Provisions Applicable to the Notes

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

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

(i i)
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:
Oslo
30.

Talons for future Coupons or Receipts
to be attached to Definitive Materialised
5

Bearer Notes (and dates on which such
Talons mature):
Not Applicable
31.

Details relating to Instalment Notes:
Not Applicable
32.

Applicable tax regime:
Condition 8(a) shal apply
33.

Representation of holders of French
Law Notes Masse:
Contractual Masse shal 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, wil 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 January 2022

Duly represented by: Laurent Côte

6

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 24 January
2022
(i )
Estimate
of
total
expenses
related
to
admission to trading:
EUR 7,300 (without tax)
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" by Moody's
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.
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,
7

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 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
(i )
Estimated net proceeds:
NOK 999,000,000
5. YIELD
Indication of yield:
2.97 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 the Maturity Date 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:
FR0014007V57
(i )
Common Code:
243614384
(i i)
Any clearing system(s)
other than Euroclear Bank
SA/NV and Clearstream
Banking Société Anonyme
8

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
7. DISTRIBUTION
1. Method of distribution:
Non-syndicated
2. If syndicated,

(i)
Names of Managers
(specifying
Lead
Manager):
Not Applicable
(i )
Date of Subscription Not Applicable
Agreement (if any):
(i i)
Stabilisation

Manager(s) (if any):
Not Applicable
3. If non-syndicated, name of
Dealer:
Crédit Agricole Corporate and Investment Bank
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
Retail Investors under the
PRIIPs Regulation:
Not Applicable

Prohibition of Sales to UK
Retail Investors under the UK
PRIIPs Regulation:
Not Applicable
7. Additional Selling Restrictions: In no circumstances may an offer of Notes denominated
in NOK be made in the Norwegian market without the
Notes being registered in Euronext VPS in
dematerialised form or in another central securities
depository which is properly authorised and recognised
by the Financial Supervisory Authority of Norway (Nw.
Finansilsynet) as being entitled to register the Notes
pursuant to Regulation (EU) No 909/2014, to the extent
9

such Notes shal be registered, according to the
Norwegian Central Securities Depositories Act (Nw.
Verdipapirsentralloven 2019) and ancil ary regulations.

8. Specific Consent:
Not Applicable
9. General Consent:
Not Applicable

10