Obligation Crédit Agricole SA 5.1% ( FR001400DC07 ) en HKD

Crédit Agricole SA

100 % ⇌

France

FR001400DC07 ( en HKD )

5.1% par an ( paiement annuel )

18/10/2031

Prospectus brochure de l'obligation Crédit Agricole FR001400DC07 en HKD 5.1%, échéance 18/10/2031

18/10/2025 ( Dans 107 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 HKD, avec le code ISIN FR001400DC07, paye un coupon de 5.1% par an.
Le paiement des coupons est annuel et la maturité de l'Obligation est le 18/10/2031

DocuSign Envelope ID: 85CBDA0E-C9CE-4C2E-A69A-1484F3169431
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.

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Final Terms dated 14 October 2022

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

Euro 85,000,000,000
Euro Medium Term Note Programme
Series No: 645
Tranche No: 1
Issue of HKD 401,000,000 Senior Preferred Fixed Rate Notes due 18 October 2032
(the "Notes")
Issued by: Crédit Agricole S.A. (the "Issuer")

Lead Manager and Sole Bookrunner
CRÉDIT AGRICOLE CIB

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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 the 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 the 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.

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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
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, the second supplement to it dated 27 June
2022 which has received approval no. 22-246 from the AMF on 27 June 2022 and the third
supplement to it dated 17 August 2022 which has received approval no. 22-353 from the AMF
on 17 August 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:
645

(ii)
Tranche Number:
1

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

(i)
Series:
HKD 401,000,000

(ii)
Tranche:
HKD 401,000,000
5.
Issue Price:
100.00 per cent. of the Aggregate Nominal
Amount
6.
Specified Denomination:
HKD 1,000,000
7.
(i)
Issue Date:
18 October 2022

(ii)
Interest Commencement
Issue Date
Date:
8.
Maturity Date:
18 October 2032
9.
Interest Basis:
5.10 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

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12.

Noteholder Put/Issuer Call:
Not Applicable
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 14 October 2022 which
constitute the décision d'émission
Provisions Relating to Interest (if any) Payable

15.

Fixed Rate Note:
Applicable

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

(ii)
Interest Payment Dates:
18 October in each year, from (and
including) 18 October 2023, up to (and
including) the Maturity Date adjusted in
accordance with Modified Following
Business Day Convention

(iii)
Fixed Coupon Amount:
HKD 51,000 per Specified Denomination
payable on each Interest Payment Date

(iv)
Broken Amount:
Not Applicable

(v)
Day Count Fraction:
Actual/365 (Fixed), 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
Not Applicable
Disqualification 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
HKD 1,000,000 per Note of HKD

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Note:
1,000,000 Specified Denomination
26.
Make-Whole Redemption Amount:
Not Applicable
27.
Events of Default:
Not Applicable

General Provisions Applicable to the Notes

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(s):
Hong Kong
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),

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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 14 October 2022

Duly represented by: Laurent Côte

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PART B OTHER INFORMATION
1. LISTING AND ADMISSION TO TRADING
Listing:
Not Applicable
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
commitment on the obligation is strong but somewhat
susceptible to economic conditions and change 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.
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.

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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:
HKD 400,599,000
5. YIELD
Indication of yield:
5.10 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:
FR001400DC07
(ii)
Common Code:
254715042
(iii)
Any clearing system(s) other than Not Applicable
Euroclear Bank SA/NV and
Clearstream Banking Société
Anonyme and the relevant
identification number(s):

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(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:
Non-syndicated
2. If syndicated,
Not Applicable
3. If non-syndicated, name of Dealer:
Crédit Agricole Corporate and Investment Bank
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

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