Obligation Crédit Agricole SA 2.2925% ( FR001400F8O2 ) en CHF

Crédit Agricole SA

100 % ⇌

France

FR001400F8O2 ( en CHF )

2.2925% par an ( paiement annuel )

18/01/2029

Prospectus brochure de l'obligation Crédit Agricole FR001400F8O2 en CHF 2.2925%, échéance 18/01/2029

18/01/2026 ( Dans 75 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 FR001400F8O2 émise par le Crédit Agricole en France, d'une valeur nominale de 100% en CHF, offre un taux d'intérêt de 2,2925% et arrive à échéance le 18 janvier 2029, avec des paiements d'intérêts annuels.

DocuSign Envelope ID: 157EC802-08C9-416D-A75A-4A06F7839491
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.

DocuSign Envelope ID: 157EC802-08C9-416D-A75A-4A06F7839491

Final Terms dated 16 January 2023

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: 655
Tranche No: 1
Issue of CHF 85,000,000 Senior Preferred Fixed Rate Notes due 18 January 2029 (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.

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DocuSign Envelope ID: 157EC802-08C9-416D-A75A-4A06F7839491

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, the third supplement to it dated 17 August 2022 which has received
approval no. 22-353 from the AMF on 17 August 2022, the fourth supplement to it dated 18 November
2022 which has received approval no. 22-455 from the AMF on 18 November 2022 and the fifth
supplement to it dated 2 January 2023 which has received approval no. 23-004 from the AMF on 2
January 2023, 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:
655

(ii)
Tranche Number:
1

(iii)
Date on which the Notes
Not Applicable
become fungible:
3.
Specified Currency or Currencies:
Swiss Francs ("CHF")
4.
Aggregate Nominal Amount:

(i)
Series:
CHF 85,000,000

(ii)
Tranche:
CHF 85,000,000
5.
Issue Price:
100.00 per cent. of the Aggregate Nominal
Amount
6.
Specified Denomination:
CHF 200,000
7.
(i)
Issue Date:
18 January 2023

(ii)
Interest Commencement
Issue Date
Date:
8.
Maturity Date:
18 January 2029
9.
Interest Basis:
2.2925 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
13.

Status:
Senior Preferred Notes

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DocuSign Envelope ID: 157EC802-08C9-416D-A75A-4A06F7839491

14.
Dates of the corporate authorisations
Resolution of the Board of Directors of the
for issuance of the Notes:
Issuer dated 9 February 2022 (as amended and
completed by the resolution of the Board of
Directors of the Issuer dated 3 August 2022)
and the Final Terms dated 16 January 2023
which constitute the décision d'émission
Provisions Relating to Interest (if any) Payable

15.

Fixed Rate Note:
Applicable

(i)
Rate of Interest:
2.2925 per cent. per annum payable annually in
arrear on each Interest Payment Date

(ii)
Interest Payment Dates:
18 January in each year, from (and including)
18 January 2024, up to (and including) the
Maturity Date

(iii)
Fixed Coupon Amount:
CHF 4,585 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 Issuer
Not Applicable
(Issuer Call):
21.

Clean-up Redemption Option:
Applicable

(i)
Clean-up Percentage:
80 per cent.

(ii)
Notice Period:
As per Conditions

(iii)
Optional Redemption
CHF 200,000 per Note of CHF 200,000
Amount(s) of each Note and
Specified Denomination
method, if any, of calculation
of such amount(s):

(iv)
Optional Clean-up Redemption
Any Interest Payment Dates
Date(s) (solely if the Clean-Up
Percentage is reached):
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

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DocuSign Envelope ID: 157EC802-08C9-416D-A75A-4A06F7839491

25.

Early Redemption Amount of each
CHF 200,000 per Note of CHF 200,000
Note:
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 not
Not Applicable
the Fiscal Agent):

(v)
Temporary Global
Not Applicable
Certificate:
29.

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

Financial Center(s):
Zurich
31.

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

Details relating to Instalment Notes:
Not Applicable
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 16 January 2023

Duly represented by: Laurent Côte

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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 18 January 2023

(ii) Estimate of total expenses related to
EUR 2,750 (without tax)

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 commitment 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 be of high 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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DocuSign Envelope ID: 157EC802-08C9-416D-A75A-4A06F7839491

3. INTERESTS OF NATURAL AND LEGAL PERSONS INVOLVED IN THE ISSUE
Save for the fees payable to the Manager, so far as the Issuer is aware, no person involved in the issue
of the Notes has an interest material to the issue. The Manager and its 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:
CHF 84,949,000

5. YIELD
Indication of yield:
2.2925 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:
FR001400F8O2

(ii)
Common Code:
257776549

(iii)
Any clearing system(s) other

than Euroclear Bank SA/NV and

Clearstream Banking Société

Anonyme and the relevant

identification number(s):
Not Applicable

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DocuSign Envelope ID: 157EC802-08C9-416D-A75A-4A06F7839491

(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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Document Outline

#3">Part A „ Contractual Terms