Obligation Crédit Agricole SA 3.125% ( FR001400F091 ) en EUR

Crédit Agricole SA

100 % ⇌

France

FR001400F091 ( en EUR )

3.125% par an ( paiement annuel )

16/08/2029

Prospectus brochure de l'obligation Crédit Agricole FR001400F091 en EUR 3.125%, échéance 16/08/2029

100 000 EUR

1 000 000 000 EUR

16/08/2025 ( Dans 24 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.

Une nouvelle opportunité d'investissement se présente sur le marché obligataire avec l'émission par le Crédit Agricole d'une obligation d'envergure, identifiée par le code ISIN FR001400F091. L'émetteur de ce titre est le Crédit Agricole, l'un des plus grands groupes bancaires français et internationaux, reconnu pour son modèle de banque coopérative et mutualiste ; il opère sur l'ensemble des métiers de la banque de détail, de la banque de financement et d'investissement, de l'assurance et de la gestion d'actifs, bénéficiant d'une solide réputation sur les marchés financiers. Cette obligation, émise en France, est libellée en Euros (EUR) et propose un taux d'intérêt fixe de 3.125%, avec une fréquence de paiement annuelle assurant une rémunération régulière jusqu'à sa maturité fixée au 16 août 2029. Le montant total de cette émission s'élève à 1 000 000 000 EUR (un milliard d'euros), tandis que la taille minimale à l'achat pour les investisseurs est de 100 000 EUR, la positionnant comme un instrument privilégié pour les investisseurs institutionnels ou qualifiés, et elle est actuellement négociée à 100% de son pair sur le marché, reflétant sa valorisation nominale.

MIFID II PRODUCT GOVERNANCE / PROFESSIONAL INVESTORS AND ECPS ONLY TARGET
MARKET Solely for the purposes of each EEA domiciled manufacturer's product approval process, the target
market assessment in respect of the Covered Bonds, 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
Covered Bonds is eligible counterparties and professional clients only, each as defined in MiFID II; and (ii) all
channels for distribution of the Covered Bonds to eligible counterparties and professional clients are appropriate. Any
person subsequently offering, selling or recommending the Covered Bonds (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 Covered Bonds (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 Covered Bonds taking into account the FCA Handbook Product Intervention and Product Governance
Sourcebook has led to the conclusion that: (i) the target market for the Covered Bonds 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 domestic law by virtue of the European Union (Withdrawal) Act
2018 ("UK MiFIR"); and (ii) all channels for distribution of the Covered Bonds to eligible counterparties and
professional clients are appropriate. Any person subsequently offering, selling or recommending the Covered Bonds
(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 Covered Bonds
(by either adopting or refining the manufacturers' target market assessment) and determining appropriate distribution
channels.

PROHIBITION OF SALES TO EUROPEAN ECONOMIC AREA RETAIL INVESTORS The Covered
Bonds are not intended to be offered, sold or otherwise made available to and should not be offered, sold, or otherwise
made available to any retail investor in the European Economic Area ("EEA"). For these purposes, a retail investor
means a person who is one (or more) of: (i) a retail client as defined in point (11) of Article 4(1) of Directive
2014/65/EU, as amended ("MiFID II"); (ii) a customer within the meaning of Directive 2016/97/EU, as amended,
where that customer would not qualify as a professional client as defined in point (10) of Article 4(1) of MiFID II; or
(iii) not a qualified investor as defined in Regulation (EU) 2017/1129, as amended (the "Prospectus Regulation").
Consequently, no key information document required by Regulation (EU) No. 1286/2014, as amended (the "PRIIPs
Regulation") for offering or selling the Covered Bonds or otherwise making them available to retail investors in the
EEA has been prepared and therefore offering or selling the Covered Bonds or otherwise making them available to
any retail investor in the EEA may be unlawful under the PRIIPs Regulation.

PROHIBITION OF SALES TO UK RETAIL INVESTORS The Covered Bonds are not intended to be offered,
sold or otherwise made available to and should not be offered, sold or otherwise made available to any retail investor
in the United Kingdom ("UK"). For these purposes, a retail investor means a person who is one (or more) of: (i) a
retail client, as defined in point (8) of Article 2 of Regulation (EU) No 2017/565 as it forms part of domestic law by
virtue of the European Union (Withdrawal) Act 2018 ("EUWA"); (ii) a customer within the meaning of the provisions
of the FSMA and any rules or regulations made under the FSMA to implement Directive (EU) 2016/97, where that
customer would not qualify as a professional client, as defined in point (8) of Article 2(1) of Regulation (EU) No
600/2014 as it forms part of domestic law by virtue of the EUWA; or (iii) not a qualified investor as defined in Article
2 of Regulation (EU) 2017/1129 as it forms part of domestic law by virtue of the EUWA. Consequently no key
information document required by Regulation (EU) No 1286/2014 as it forms part of domestic law by virtue of the
EUWA (the "UK PRIIPs Regulation") for offering or selling the Covered Bonds or otherwise making them available
to retail investors in the UK has been prepared and therefore offering or selling the Covered Bonds or otherwise
making them available to any retail investor in the UK may be unlawful under the UK PRIIPs Regulation.

Final Terms dated 12 January 2023

CRÉDIT AGRICOLE HOME LOAN SFH
Legal Entity Identifier (LEI): 969500C9913Z7PKUGB44

Issue of 1,000,000,000 3.125 per cent. Fixed Rate Covered Bonds due 16 August 2029
extendible as Floating Rate Covered Bonds up to 16 August 2030
(the "Covered Bonds")
under the 40,000,000,000 Covered Bond Program
Issue Price: 99.614 per cent.

Joint Lead Managers

ABN AMRO
COMMERZBANK
CRÉDIT AGRICOLE CIB
ING
LANDESBANK BADEN-WÜRTTEMBERG
SOCIÉTÉ GÉNÉRALE CORPORATE & INVESTMENT BANKING

Co-Lead Managers

BANCO SABADELL
BANKINTER S.A.
DEKABANK
KBC BANK
MPS CAPITAL SERVICES
SVENSKA HANDELSBANKEN AB

PART A CONTRACTUAL TERMS
Terms used herein shall be deemed to be defined as such for the purposes of the terms and conditions (the
"Conditions") set forth in the base prospectus dated 16 February 2022 which received approval no. 22-036 from the
Autorité des marchés financiers (the "AMF") on 16 February 2022 as supplemented by a first supplement to the base
prospectus dated on 9 May 2022 which received approval no. 22-139 from the AMF, by a second supplement to the
base prospectus dated on 18 August 2022 which received approval no. 22-354 from the AMF and by a third
supplement to the base prospectus dated on 7 October 2022 which received approval no. 22-413 from the AMF which
together constitute a base prospectus (the "Base Prospectus") for the purposes of the Regulation (EU) 2017/1129, as
amended (the "Prospectus Regulation").
This document constitutes the final terms of the Covered Bonds (the "Final Terms") described herein for the purposes
of the Prospectus Regulation and must be read in conjunction with such Base Prospectus in order to obtain all the
relevant information on the Issuer and the Covered Bonds. Full information on the Issuer and the offer of the Covered
Bonds is only available on the basis of the combination of these Final Terms and the Base Prospectus. The Base
Prospectus and these Final Terms are available for viewing on the websites of Crédit Agricole S.A. (www.credit-
agricole.com) and of the AMF (www.amf-france.org), and during normal business hours at the registered office of
the Issuer where copies may be obtained.
1.
Issuer:
Crédit Agricole Home Loan SFH
2.
(i)
Series Number:
83

(ii)
Tranche Number:
1

(iii)
Date on which the Covered Bonds will
be assimilated (assimilables) and form a single
Series:
Not Applicable
3.
Specified Currency:
Euro ("")
4.
Aggregate Nominal Amount of Covered Bonds:

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

(ii)
Tranche:
1,000,000,000
5.
Issue Price:
99.614 per cent. of the Aggregate Nominal
Amount
6.
Specified Denomination:
100,000
7.
(i)
Issue Date:
16 January 2023

(ii)
Interest Commencement Date:
Issue Date
8.
Final Maturity Date:
16 August 2029
The Covered Bonds, having a soft bullet maturity
in accordance with Condition 7(a), will be
redeemed at the Final Maturity Date unless their
maturity is extended to the Extended Final
Maturity Date as specified below.
9.
Extended Final Maturity Date:
16 August 2030
The Final Maturity Date will be extended
automatically to the Extended Final Maturity Date

upon the occurrence of any of the Maturity
Extension Trigger Event(s) (as specified in
paragraph 9 bis below). In such case, the payment
of the Final Redemption Amount shall be
automatically deferred and shall become due and
payable on the Extended Final Maturity Date,
provided that (i) any amount representing the Final
Redemption Amount, as specified below,
remaining unpaid on the Final Maturity Date may
be paid by the Issuer on any Specified Interest
Payment Date thereafter and (ii) interest will
continue to accrue on any unpaid amount during
such extended period at the relevant newly
applicable Rate of Interest and be payable on each
relevant Specified Interest Payment Date.
9 bis.
Maturity Extension Trigger Events:
The Maturity Extension Trigger Events, as set out
in Article R. 513-8-1 of the French Monetary and
Financial Code, are the following:

- non-payment of principal on the initially set
maturity date by the Issuer, or by Crédit Agricole
S.A.; and

- the Issuer or Crédit Agricole S.A. is subject to
safeguard,
reorganisation
or
liquidation
proceedings (sauvegarde, redressement ou
liquidation
judiciaires)
or
of
resolution
proceedings opened in accordance with Article L.
613-49 of the French Monetary and Financial
Code.
10.
Interest Basis:
3.125 per cent. per annum Fixed Rate for the
period from and including the Interest
Commencement Date to but excluding the Final
Maturity Date (further particulars specified in
paragraph 15 below).
EURIBOR 1 month plus 0.358 per cent. per annum
Floating Rate for the period from and including the
Final Maturity Date to but excluding the Extended
Final Maturity Date, or if earlier the date on which
the Covered Bonds are redeemed in full (further
particulars specified in paragraph 16 below).

11.
Redemption/Payment Basis:
Subject to any purchase and cancellation or early
redemption, the Covered Bonds will be redeemed
on the Final Maturity Date or on any Specified
Interest Payment Date occurring thereafter up to
and including the Extended Final Maturity Date as
the case may be at 100 per cent. of their nominal
amount.
12.
Change of Interest Basis:
Applicable Fixed/Floating Rate Covered Bonds
(further
particulars
specified
below
in
"Fixed/Floating
Rate
Covered
Bonds
Provisions"). Interest will accrue on a Fixed Rate

basis until the Final Maturity Date and on a
Floating Rate basis thereafter.
13.
Put/Call Options:
Not Applicable
14.
Date of Board approval for issuance of Covered
Bonds obtained:
15 December 2022
PROVISIONS RELATING TO INTEREST PAYABLE
15.
Fixed Rate Covered Bond Provisions:
Applicable until the Final Maturity Date

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

(ii)
Interest Payment Dates:
16 August in each year, from and including 16
August 2023 up to and including the Final
Maturity Date.

(iii)
Fixed Coupon Amounts:
3,125 per 100,000 in Specified Denomination,
except for the Broken Amount.

(iv)
Broken Amount:
There will be a short first coupon for the period
from and including the Issue Date to but excluding
16 August 2023, which amounts to 1,815.07 per
100,000 in Specified Denomination, payable on
the Interest Payment Date falling on 16 August
2023.

(v)
Day Count Fraction:
Actual/Actual (ICMA) (following unadjusted)

(vi)
Business Centre(s):
TARGET 2

(vii)
Determination Dates:
16 August in each year
16.
Floating Rate Covered Bond Provisions:
Applicable if the Final Maturity Date is extended
until the Extended Final Maturity Date.

(i)
Interest Periods:
The period from and including the Final Maturity
Date to but excluding the first Specified Interest
Payment Date and each successive period from
and including a Specified Interest Payment Date to
but excluding the next succeeding Specified
Interest Payment Date, up to and excluding the
Extended Final Maturity Date or, if earlier the
Specified Interest Payment Date on which the
Covered Bonds are redeemed in full, subject to
adjustment in accordance with the Business Day
Convention set out in (v) below

(ii)
Specified Interest Payment Dates:
16th day of each month from (and including) 16
September 2029 to (and including) 16 August
2030, subject to adjustment in accordance with the
Business Day Convention set out in (v) below

(iii)
First Interest Payment Date:
16 September 2029

(iv)
Interest Period Date:
Specified Interest Payment Date

(v)
Business Day Convention:
Modified Following Business Day Convention

(vi)
Business Centre(s):
TARGET 2

(vii)
Manner in which the Rate(s) of Interest
is/are to be determined:
Screen Rate Determination

(viii)
Party responsible for calculating the
Rate(s) of Interest and/or Interest
Amount(s) (if not the Calculation
Agent):
Not Applicable

(ix)
Screen Rate Determination:
Applicable

- Benchmark:
EURIBOR 1 month

- Relevant Time:
11.00 a.m., Brussels time

- Interest Determination Dates:
Two (2) TARGET2 Business Days prior to the
beginning of each Interest Period

- Primary Source:
Reuters Page EURIBOR01

- Reference Banks (if Primary Source is "Reference Not Applicable
Banks"):

- Relevant Financial Centre:
Euro-Zone

- Representative Amount:
Not Applicable

- Effective Date:
Not Applicable

- Specified Duration:
1 month

(x)
ISDA Determination:
Not Applicable

(xi)
Linear Interpolation:
Not Applicable

(xii)
Margin:
+ 0.358 per cent. per annum

(xiii)
Minimum Rate of Interest:
Zero (0) per cent. per annum

(xiv)
Maximum Rate of Interest:
Not Applicable

(xv)
Day Count Fraction:
Actual/360
17.
Fixed/Floating Rate Covered Bonds Provisions: Applicable

(i) Issuer Change of Interest Basis:
Not Applicable

(ii) Automatic Change of Interest Basis:
Applicable

(iii) Rate of Interest applicable to the Interest Determined in accordance with Condition 6(b), as
Periods preceding the Switch Date (excluded):
though the Covered Bonds were Fixed Rate

Covered Bonds with further variables set out in
item 15 of these Final Terms.

(iv) Rate of Interest applicable to the Interest Determined in accordance with Condition 6(c), as
Periods following the Switch Date (included):
though the Covered Bonds were Floating Rate
Covered Bonds with further variables set out in
item 16 of these Final Terms.

(v) Switch Date:
Final Maturity Date

(vi) Minimum notice period required for notice Not Applicable
from the Issuer:

18.
Zero Coupon Covered Bond Provisions:
Not Applicable
PROVISIONS RELATING TO REDEMPTION
19.
Call Option:
Not Applicable
20.
Put Option:
Not Applicable
21.
Final Redemption Amount of each Covered
Bond:
100,000 per Covered Bond of Specified
Denomination

22.
Early Redemption Amount of each Covered
Bond:

Early Redemption Amount(s) of each Covered
Bond payable on redemption for taxation reasons,
illegality or on event of default:
100,000 per Covered Bond of Specified
Denomination (together with interest accrued to
the date fixed for redemption)

GENERAL PROVISIONS APPLICABLE TO THE COVERED BONDS
23.
Form of Covered Bonds:
Dematerialised Covered Bonds

(i)
Form of Dematerialised Covered Bonds:
Bearer form (au porteur)

(ii)
Registration Agent:
Not Applicable

(iii)
Temporary Global Certificate:
Not Applicable

24.
Financial Centre(s):
TARGET 2
25.
Talons for future Coupons or Receipts to be
attached to Definitive Materialised Covered Bonds
(and dates on which such Talons mature):
Not Applicable
26.
Details relating to Instalment Covered Bonds:
Not Applicable
27.
Representation of Bondholders - Masse (Condition Contractual Masse shall apply
12):

Name and address of the Representative: F&S
Financial Services, Vincent Fabié, domiciled at 13
rue Oudinot, 75007 Paris, France.

Name and address of the alternate Representative:
Aether Financial Services, 36 rue de Monceau,
75008 Paris, France.
The Representative will receive a remuneration of
400 (excluding taxes) per year.

28.
Prohibition of Sales to EEA Retail Investors:
Applicable
29.
Prohibition of Sales to UK Retail Investors:
Applicable

THIRD PARTY INFORMATION
Not Applicable
Signed on behalf of CRÉDIT AGRICOLE HOME LOAN SFH:
By:

...........................................
Isabelle Roseau
Duly authorised

PART B OTHER INFORMATION
1.
LISTING AND ADMISSION TO TRADING
(i)
Listing:
Euronext Paris
(ii)
(a) Admission to trading:
Application has been made by the Issuer (or on its behalf) for the
Covered Bonds to be admitted to trading on Euronext Paris with
effect from the Issue Date; last day of trading expected to be 16
August 2029, unless their maturity is extended to the Extended
Final Maturity Date.
(b) Regulated Markets

or equivalent markets

on which, to the

knowledge
of
the

Issuer, securities of the

same class of the

Covered Bonds to be

admitted to trading are

already admitted to

trading:
Not Applicable
(iii) Estimate
of
total

expenses related to

admission to trading:
6,400
2.
RATINGS
Ratings:
The Covered Bonds to be issued are expected to be rated:
S&P Global Ratings Europe Limited: AAA
Moody's France SAS: Aaa
Fitch Ratings Ireland Limited: AAA
Each of S&P Global Ratings Europe Limited, Moody's France
SAS and Fitch Ratings Ireland Limited is established in the
European Union, registered under Regulation (EU) No
1060/2009, as amended (the "CRA Regulation") and included
in the list of registered credit rating agencies published by the
European Securities and Markets Authority on its website
(www.esma.europa.eu/supervision/credit-rating-agencies/risk)
in accordance with CRA Regulation.

3.
SPECIFIC CONTROLLER
The specific controller (contrôleur spécifique) shall deliver to the Issuer (i) for each quarter a certificate relating
to the borrowing program for the relevant quarter and, (ii) in the event of an issue of Covered Bonds equalling
or exceeding Euro 500,000,000 or its equivalent in any other currency, a certificate relating to such issue.
4.
INTERESTS OF NATURAL AND LEGAL PERSONS INVOLVED IN THE ISSUE
Save for any fees payable to the Joint Lead Managers and Co-lead Managers in connection with the Issue of the
Covered Bonds, so far as the Issuer is aware, no person involved in the offer of the Covered Bonds has an
interest material to the issue. The Joint Lead Managers and Co-lead 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.
5.
REASONS FOR THE OFFER
Estimated net proceeds:
993,390,000
6.
FIXED RATE COVERED BONDS ONLY  YIELD
Indication of yield:
3.193 per cent. per annum for the Fixed Rate period.
The yield is calculated at the Issue Date on the basis of the Issue
Price for the period beginning on (and including) the Interest
Commencement Date and ending on (but excluding) the Final
Maturity Date. It is not an indication of future yield.
7.
FLOATING RATE COVERED BONDS ONLY - HISTORIC INTEREST RATES
(i) Historic interest rates:
Details of historic EURIBOR rates can be obtained from Reuters
page EURIBOR01 (or any successor).
(ii) Benchmarks:
Amounts payable under the Notes will be calculated by
reference to EURIBOR which is provided by European Money
Markets Institute (EMMI). As at 12 January 2023, the European
Money Markets Institute (EMMI) appears on the register of
administrators and benchmarks established and maintained by
the European Securities and Markets Authority pursuant to
Article 36 of the Benchmark Regulation (Regulation (EU)
2016/1011), as amended (the "Benchmark Regulation").

8.
OPERATIONAL INFORMATION
(i) ISIN:
FR001400F091
(ii) Temporary ISIN:
Not Applicable
(iii) Common Code:
257422593
(iv) Depositaries:

- Euroclear France to act as
Central Depositary
Yes

- Common Depositary for
Euroclear Bank and Clearstream
Banking, société anonyme
No
(v) Relevant clearing system(s)
other than Euroclear Bank
SA/NV
and
Clearstream
Banking, société anonyme and
the
relevant
identification
number(s):
Not Applicable
(vi) Delivery:
Delivery against payment