Obligation Crédit Agricole SA 1.03% ( FR001400GJ56 ) en JPY

Crédit Agricole SA

100 % ⇌

France

FR001400GJ56 ( en JPY )

1.03% par an ( paiement annuel )

14/03/2029

Prospectus brochure de l'obligation Crédit Agricole FR001400GJ56 en JPY 1.03%, échéance 14/03/2029

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14/03/2026 ( Dans 181 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'examen d'un instrument de dette spécifique révèle des caractéristiques clés pour les investisseurs : cette obligation, identifiée par le code ISIN FR001400GJ56, est émise par le Crédit Agricole, l'une des plus grandes institutions financières coopératives au monde, dont le siège est en France. Fort d'une présence internationale significative et d'une notation de crédit robuste, le Crédit Agricole opère dans un large éventail de services bancaires et financiers, de la banque de détail à la banque d'investissement et la gestion d'actifs, soulignant sa position de pilier de l'économie française et européenne. Cette émission, dont le pays d'émission est la France, est spécifiquement libellée en Yens japonais (JPY), offrant ainsi une exposition à une devise étrangère pour les investisseurs non-japonais, et propose un taux d'intérêt annuel de 1.03% avec une fréquence de paiement annuelle (1 paiement par an). Sa maturité est fixée au 14 mars 2029, ce qui en fait un instrument à moyen terme sur le marché obligataire, et elle se négocie actuellement à 100% de sa valeur nominale sur le marché.

DocuSign Envelope ID: ACA79425-0B79-47FA-AC19-646CFC2C1852
MiFID II product governance / Professional investors and ECPs only target market Solely for the
purposes of each manufacturers' 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 10 March 2023

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

Euro 100,000,000,000
Euro Medium Term Note Programme
Series No: 662
Tranche No: 1
Issue of JPY 4,000,000,000 Senior Non-Preferred Fixed Rate Resettable Notes due 14 March
2029 (the "Notes")
Issued by: Crédit Agricole S.A. (the "Issuer")

Sole Bookrunner and Lead Manager
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 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, 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, the fifth
supplement to it dated 2 January 2023 which has received approval no. 23-004 from the AMF on
2 January 2023 and the sixth supplement to it dated 15 February 2023 which has received approval no.
23-036 from the AMF on 15 February 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:
662

(ii)
Tranche Number:
1

(iii)
Date on which the Notes

become fungible:
Not Applicable
3.
Specified Currency or Currencies:
Japanese Yen ("JPY")
4.
Aggregate Nominal Amount:

(i)
Series:
JPY 4,000,000,000

(ii)
Tranche:
JPY 4,000,000,000
5.
Issue Price:
100 per cent. of the Aggregate Nominal
Amount
6.
Specified Denomination:
JPY 100,000,000
7.
(i)
Issue Date:
14 March 2023

(ii)
Interest Commencement

Date:
Issue Date
8.
Maturity Date:
14 March 2029
9.
Interest Basis:
1.03 per cent. Fixed Rate (Resettable)
(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:
Issuer Call
(further particulars specified in paragraph 20
below)
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 8 February 2023 and the Final
Terms dated 10 March 2023 which constitute
the décision d'émission
Provisions Relating to Interest (if any) Payable

15.

Fixed Rate Note:
Applicable

(i)
Rate of Interest:
Resettable

(ii)
Interest Payment Dates:
14 March and 14 September in each year, from
(and including) 14 September 2023, up to (and
including) the Maturity Date, adjusted in
accordance with the Modified Following
Business Day Convention and the Business
Centre specified in paragraph 15(iii) below

(iii)
Business Centre(s):
Tokyo

(iv)
Fixed Coupon Amount:
JPY 515,000 per Note of JPY 100,000,000
Specified Denomination payable on each
Interest Payment Date from, and including 14
September 2023 to, and including, the First
Reset Date

(v)
Broken Amount:
Not Applicable

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

(vii)
Determination Dates:
Not Applicable

(viii)
Resettable Notes:
Applicable

Initial Rate of Interest:
The Initial Rate of Interest from (and including)
the Issue Date to (but excluding) the First Reset
Date is 1.03 per cent. per annum payable semi-
annually in arrear

First Margin:
+ 0.823 per cent. per annum on an annualised
basis
For the purpose of calculating any Interest
Amount due and payable on the Notes from
(and including) the First Reset Date, the First
Margin and the Reset Reference Rate shall be
converted to semi-annual basis, and the
applicable interest rate on the Notes will be
calculated using such converted Reset
Reference Rate and First Margin

Subsequent Margin:
Not Applicable

First Reset Date:
14 March 2028

Second Reset Date:
Not Applicable

Subsequent Reset Date(s):
Not Applicable

Relevant Screen Page:
Not Applicable

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Reset Reference Rate:
CMT Rate (JGB)

Reference Government
Not Applicable
Bond:

Reference Government Bond Not Applicable
Rate:

Reference Government Bond Not Applicable
Dealers:

Sterling Reference Bond
Not Applicable
Rate (only if Reset
Reference Rate is Sterling
Reference Bond):

CMT Rate Maturity:
1-year

Mid-Swap Maturity:
Not Applicable

Reset Determination Date:
Two (2) Business Days preceding the First
Reset Date

Relevant Time:
Not Applicable

First Reset Period Fallback:
Not Applicable

Party responsible for

calculating the Reset

Reference Rate and related

determination in respect of

the Notes and Interest

Amount(s) (if not the
Not Applicable
Calculation Agent):

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

(Issuer Call):
Applicable

(i)
Optional Redemption

Date(s):
14 March 2028

(ii)
Optional Redemption

Amount(s) of each Note and

method, if any, of calculation

of such amount(s):

JPY 100,000,000 per Note of JPY
100,000,000 Specified Denomination

(iii)
If redeemable in part:

a) Minimum Redemption

Amount
Not Applicable

b) Maximum Redemption

Amount
Not Applicable

(iv)
Notice Period:
As per Conditions

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21.

Clean-up Redemption Option:
Applicable

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

(ii)
Notice Period:
As per Conditions

(iii)
Optional Redemption

Amount(s) of each Note and

method, if any, of calculation
of such amount(s):

JPY 100,000,000 per Note of JPY 100,000,000
Specified Denomination

(iv)
Optional Clean-up

Redemption Date(s) (solely if
the Clean-Up Percentage is

reached):
14 March 2024 and any Interest Payment Date
thereafter
22.

Redemption at the Option of

Noteholders (Noteholder Put):
Not Applicable
23.
(i) MREL/TLAC Disqualification

Event Call Option:

Applicable

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

Final Redemption Amount of each

Note:
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
outstanding principal amount
25.

Early Redemption Amount of each

Note:
JPY 100,000,000 per Note of JPY 100,000,000
Specified Denomination
26.
Make-Whole Redemption Amount:
Not Applicable
General Provisions Applicable to the Notes

27.
(i)
Form of Notes (Bearer

Notes):
Dematerialised Notes

(ii)
Form of Dematerialised

Notes:
Bearer dematerialised form (au porteur)

(iii)
Registration Agent:
Not Applicable

(iv)
Calculation Agent(s) (if not

the Fiscal Agent)
Not Applicable

(v)
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:
Tokyo
30.

Talons for future Coupons or Receipts

to be attached to Definitive

Materialised Bearer Notes (and dates

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on which such Talons mature):

Not Applicable
31.

Details relating to Instalment Notes:

Not Applicable
32.

Applicable tax regime:
Condition 9(a) applies
33.

Representation of holders of French

Law Notes Masse:
Contractual Masse shall apply

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 10 March 2023

Duly represented by: Laurent Côte

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PART B OTHER INFORMATION

1. LISTING AND ADMISSION TO TRADING
(i) Listing:
Not Applicable

(ii) Estimate of total expenses related to
Not Applicable

admission to trading:

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 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, a "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 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,
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.

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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:
JPY 3,997,600,000

5. YIELD
Indication of yield:
1.033 per cent. per annum

The yield in respect of paragraph 15 of PART A of this
issue of Resettable 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 14 March 2028 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:
FR001400GJ56

(ii)
Common Code:
259792703

(iii)
Any clearing system(s) other

than Euroclear Bank SA/NV and
Clearstream Banking Société

Anonyme and the relevant

identification number(s):
Euroclear France
(iv)
Delivery:
Delivery against payment

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(v)
Names and addresses of Paying

Agent(s) (including any

additional Paying Agent(s)):
Uptevia
89-91, rue Gabriel Péri
92120 Montrouge
France
7. DISTRIBUTION
1. Method of distribution:
Non-syndicated

2. If syndicated,

(i)
Names of Managers

(specifying Lead Manager):
Not Applicable

(ii)
Date of Subscription

Agreement (if any):
Not Applicable
(iii)
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
7. Prohibition of Sales to UK Retail

Investors under the UK PRIIPs

Regulation:
Not Applicable
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