Obligation Crédit Agricole SA 4.4% ( FR001400BWQ7 ) en USD

Crédit Agricole SA

100 % ⇌

France

FR001400BWQ7 ( en USD )

4.4% par an ( paiement semestriel )

21/07/2032 - Obligation échue

Prospectus brochure de l'obligation Crédit Agricole FR001400BWQ7 en USD 4.4%, échue

200 000 USD

25 000 000 USD

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 USD, avec le code ISIN FR001400BWQ7, paye un coupon de 4.4% par an.
Le paiement des coupons est semestriel et la maturité de l'Obligation est le 21/07/2032

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.

Final Terms dated 19 July 2022

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

Euro 85,000,000,000
Euro Medium Term Note Programme
Series No: 636
Tranche No: 1
Issue of USD 25,000,000 Senior Preferred Fixed Rate Notes due 21 July 2032 (the
"Notes")
Issued by: Crédit Agricole S.A. (the "Issuer")

Lead Manager and Sole Bookrunner
Crédit Agricole Corporate and Investment Bank

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 Notes are not intended to be offered, sold or otherwise made available to, and should not
be offered, sold or otherwise made available to, any consumer (consument/ consommateur)
within the meaning of the Belgian Code of Economic Law (Wetboek van economisch
recht/Code de droit économique), as amended, in Belgium.
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 8 April
2022 which has received approval no. 22-090 from the Autorité des marchés financiers (the
"AMF") on 8 April 2022, the first supplement to it dated 17 May 2022 which has received
approval no. 22-158 from the AMF on 17 May 2022 and the second supplement to it dated 27
June 2022 which has received approval no. 22-246 from the AMF on 27 June 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:
636
(ii)
Tranche
Number:
1

(iii)
Date on which the Notes
Not Applicable
become fungible:
3.
Specified Currency or Currencies:
United States Dollar ("USD")
4. Aggregate
Nominal
Amount:
(i)
Series:
USD 25,000,000

(ii)
Tranche:
USD 25,000,000
5. Issue
Price:
100.00 per cent. of the Aggregate Nominal
Amount
6.
Specified Denomination:
USD 200,000
7.
(i)
Issue Date:
21 July 2022

(ii) Interest
Commencement
Issue Date
Date:
8.
Maturity Date:
21 July 2032
9.
Interest Basis:
4.40 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

12.

Noteholder Put/Issuer Call:
Not Applicable

3

13.

Status:
Senior Preferred Notes
14.
Dates of the corporate
Resolution of the Board of Directors of the
authorisations for issuance of the
Issuer dated 9 February 2022 and the Final
Notes:
Terms dated 19 July 2022 which constitute
the décision d'émission
Provisions Relating to Interest (if any) Payable

15. Fixed
Rate
Note:
Applicable
(i)
Rate of Interest:
4.40 per cent. per annum payable annually
in arrear on each Interest Payment Date
(ii)
Interest
Payment
Dates:
21 July in each year, from (and including)
21 July 2023, up to (and including) the
Maturity Date

(iii)
Fixed Coupon Amount:
USD 8,800 per Specified Denomination
payable on each Interest Payment Date

(iv)
Broken Amount:
Not Applicable

(v)
Day Count Fraction:
30/360, not adjusted

(vi)
Determination Dates:
Not Applicable
(vii)
Resettable
Notes: 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 (Issuer Call):
21.

Clean-up Redemption Option:
Not Applicable
22.

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

(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
USD 200,000 per Note of USD 200,000
Note:
Specified Denomination
26.
Make-Whole Redemption Amount:
Not Applicable
27.
Events of Default:
Not Applicable
General Provisions Applicable to the Notes

4

28.
(i)
Form of Notes (Bearer
Dematerialised Notes
Notes):

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

(iii) Registration
Agent:
Not Applicable

(iv) Calculation
Agent(s)
(if Crédit Agricole Corporate and Investment
not the Fiscal Agent):
Bank

(v) Temporary
Global
Not Applicable
Certificate:
29.

Exclusion of the possibility to
Not Applicable
request identification of a
Noteholder as Provided by
Condition 1(a):
30. Financial
Center:
New
York
31.

Talons for future Coupons or
Not Applicable
Receipts to be attached to
Definitive Materialised Bearer
Notes (and dates on which such
Talons mature):
32.

Details relating to Instalment
Not Applicable
Notes:
33.

Applicable tax regime:
Condition 9(a) applies
34.

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

Primary Appointed Representative: as per
the Conditions F&S Financial Services,
13 rue Oudinot, 75007 Paris, France
Alternate Appointed Representative: as per
the Conditions Aether Financial Services,
36. rue de Monceau, 75008 Paris, France
The Primary Appointed Representative or,
as the case may be, the Alternate Appointed
Representative, will receive a remuneration
of EUR 300 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 19 July 2022

Duly represented by: Laurent Côte

Crédit Agricole Group Treasurer

5

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
21 July 2022

(ii) Estimate of total expenses related
EUR 6,800 (without tax)

to admission to trading:
2. RATINGS

The Notes to be issued have been rated:

Standard & Poor's: A+
Moody's: Aa3
Fitch: AA-
Standard & Poor's, Moody's and Fitch are established
in the European Union 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).

As defined by Standard & Poor's, an "A" rating means
that the Issuer's capacity to meet its financial
commitments on the obligation is strong but somewhat
susceptible to economic conditions and changes in
circumstances. The addition of a plus (+) sign shows
relative standing within that rating categories.
As defined by Moody's, obligations rated "Aa3" are
judged to have a high grade credit quality and thus
subject to very low credit risk. The modifier 3
indicates a ranking in the lower end of that generic
rating category.

6

As defined by Fitch, an "AA" rating denotes
expectations of very low default risk. It indicates very
strong capacity for payment of financial
commitments. This capacity is not significantly
vulnerable to foreseeable events. 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 will be used for the Issuer's general
funding requirements

(ii)
Estimated net proceeds:
USD 24,975,000

5. YIELD
Indication of yield:
4.40 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

7

(i)
ISIN: FR001400BWQ7

(ii)
Common Code:
250543212

(iii)
Any clearing system(s) other

than Euroclear Bank SA/NV
and Clearstream Banking
Not Applicable
Société Anonyme and the
relevant identification
number(s):
(iv)
Delivery:
Delivery against payment

(v)
Names and addresses of
CACEIS Corporate Trust

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

7. DISTRIBUTION
1. Method of distribution:
Non-syndicated

2. If syndicated,
Not Applicable

3. If non-syndicated, name of
Crédit Agricole Corporate and Investment Bank

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 Retail Not Applicable

Investors under the PRIIPs
Regulation:
7. Prohibition of Sales to UK Retail
Not Applicable

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

9. Specific Consent:
Not Applicable

10. General Consent:
Not Applicable

8