Obligation Crédit Agricole SA 3.875% ( FR001400HCR4 ) en EUR

Crédit Agricole SA

100 % ⇌

France

FR001400HCR4 ( en EUR )

3.875% par an ( paiement annuel )

20/04/2031 - Obligation échue

Prospectus brochure de l'obligation Crédit Agricole FR001400HCR4 en EUR 3.875%, échue

100 000 EUR

1 500 000 000 EUR

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 française émise par le Crédit Agricole (FR001400HCR4), d'un montant total de 1 500 000 000 EUR, portant un taux d'intérêt de 3,875% et échéant le 20/04/2031, avec un paiement annuel des coupons et un montant minimum d'achat de 100 000 EUR, a atteint sa maturité et a été intégralement remboursée à 100% de sa valeur nominale en EUR.

DocuSign Envelope ID: F27E9B4E-E2DF-4694-87B8-B8FB85E5DECA
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
2014/65/EU (as amended, "MiFID II"); and (i ) 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 (i ) 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: F27E9B4E-E2DF-4694-87B8-B8FB85E5DECA
Final Terms dated 18 April 2023
Crédit Agricole S.A.
Legal Entity Identifier (LEI): 969500TJ5KRTCJQWXH05
Euro Medium Term Note Programme
Series No: 665
Tranche No: 1
Issue of EUR 1,500,000,000 Senior Preferred Fixed Rate Notes due 20 April
2031
(the "Notes")
Issued by: Crédit Agricole S.A. (the "Issuer")
Lead Manager and Sole Bookrunner
Crédit Agricole CIB
Co-Lead Managers
ABANCA
DekaBank
IMI Intesa Sanpaolo
National Bank of Canada Financial Markets
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 expression "Prospectus Regulation" means Regulation (EU) No 2017/1129, as
amended.
A50901822
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DocuSign Envelope ID: F27E9B4E-E2DF-4694-87B8-B8FB85E5DECA
Part A -- Contractual Terms
Terms used herein shal be deemed to be defined as such for the purposes of the Conditions
set forth in "Terms and Conditions of the Notes" in the base prospectus dated 6 April 2023
which has received approval no. 23-102 from the Autorité des marchés financiers (the "AMF")
on 6 April 2023 which constitutes 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-et-notations/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:
665
(i )
Tranche Number:
1
(i i)
Date on which the Notes
Not Applicable
become fungible:
3.

Specified Currency or Currencies:
Euro ("EUR")
4.

Aggregate Nominal Amount:
(i)
Series:
EUR 1,500,000,000
(i )
Tranche:
EUR 1,500,000,000
5.

Issue Price:
99.770 per cent. of the Aggregate Nominal
Amount
6.

Specified Denomination:
EUR 100,000
7.

(i)
Issue Date:
20 April 2023
(i )
Interest Commencement
Date:
Issue Date
8.

Maturity Date:
20 April 2031
9.

Interest Basis:
3.875 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 wil 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 Cal :
Not Applicable
13.

Status:
Senior 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
décision d'émission dated 18 April 2023.
Provisions Relating to Interest (if any) Payable
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DocuSign Envelope ID: F27E9B4E-E2DF-4694-87B8-B8FB85E5DECA
15.

Fixed Rate Note:
Applicable
(i)
Rate of Interest:
3.875 per cent. per annum payable
annual y in arrear on each Interest
Payment Date
(i )
Interest Payment Dates:
20 April in each year from (and including)
20 April 2024 up to (and including) the
Maturity Date
(i i)
Fixed Coupon Amount:
EUR 3,875 per Note of EUR 100,000
Specified Denomination payable on each
Interest Payment Date
(iv)
Broken Amount:
Not Applicable
(v)
Day Count Fraction:
Actual/Actual-ICMA, not adjusted
(vi)
Determination Dates:
20 April in each year
(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:
Applicable
(i)
Clean-up Percentage:
75 per cent.
(i )
Notice Period:
As per Conditions
(i i) Optional
Redemption
Amount(s) of each Note and
method, if any, of calculation
of such amount(s):
EUR 100,000 per Note of EUR 100,000
Specified Denomination
(iv) Optional
Clean-up
Redemption Date(s) (solely if
the Clean-Up Percentage is
reached):
At any time
22.

Redemption at the Option of
Noteholders (Noteholder Put):
Not Applicable
23.
MREL/TLAC Disqualification Event
Call Option:
Not Applicable
24.
Final Redemption Amount of each
Note:
Subject to any purchase and cancellation or
early redemption, the Notes wil be
redeemed on the Maturity Date at
100.00 per cent. of their outstanding
principal amount.
25.

Early Redemption Amount of each
Note:
EUR 100,000 per Note of EUR 100,000
Specified Denomination
26.
Make-Whole Redemption Amount:
Not Applicable
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DocuSign Envelope ID: F27E9B4E-E2DF-4694-87B8-B8FB85E5DECA
27.
Events of Default:
Not Applicable
General Provisions Applicable to the Notes
28.
(i)
Form of Notes (Bearer
Notes):
Dematerialised Notes
(i )
Form of Dematerialised
Notes:
Bearer dematerialised form (au porteur)
(i i)
Registration Agent:
Not Applicable
(iv)
Calculation Agent(s) (if
not the Fiscal Agent):
Not Applicable
(v)
Temporary Global
Certificate:
Not Applicable
29.

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

Financial Center:
T2
31.

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

Details relating to Instalment
Notes:
Not Applicable
33.

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

Representation of holders of Notes
Masse:
Contractual Masse shal 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, wil receive a
remuneration of EUR 300 per year
(excluding taxes), payable as per the
Conditions.
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DocuSign Envelope ID: F27E9B4E-E2DF-4694-87B8-B8FB85E5DECA
Responsibility
I hereby accept responsibility for the information contained in these Final Terms.
Signed on behalf of the Issuer on 18 April 2023
Duly represented by: Laurent Côte
A50901822
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DocuSign Envelope ID: F27E9B4E-E2DF-4694-87B8-B8FB85E5DECA
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
20 April 2023.
(i ) Estimate of total expenses related
to admission to trading:
EUR 8,000 (without tax)
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
(www.standardandpoors.com), 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 (www.moodys.com),
obligations rated "Aa3" are judged to be of high quality
and are 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 (www.fitchratings.com), 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.
A50901822
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DocuSign Envelope ID: F27E9B4E-E2DF-4694-87B8-B8FB85E5DECA
3. INTERESTS OF NATURAL AND LEGAL PERSONS INVOLVED IN THE ISSUE
Save for the fees payable to the Managers, so far as the Issuer is aware, no person involved in
the issue of the Notes has an interest material to the issue. The 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.
4. REASONS FOR THE OFFER AND ESTIMATED NET PROCEEDS
(i)
Reasons for the offer:
The net proceeds wil be used for the Issuer's general
funding requirements
(i )
Estimated net proceeds:
EUR 1,492,050,000
5. YIELD
Indication of yield:
3.909 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:
FR001400HCR4
(i )
Common Code:
261319802
(i i)
Any clearing system(s) other Euroclear France
than Euroclear Bank SA/NV
and Clearstream Banking
Société Anonyme and the
relevant
identification
number(s):
(iv)
Delivery:
Delivery against payment
A50901822
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DocuSign Envelope ID: F27E9B4E-E2DF-4694-87B8-B8FB85E5DECA
(v)
Names and addresses of
Uptevia
Paying Agent(s) (including
89-91, rue Gabriel Péri
any additional Paying
92120 Montrouge
Agent(s)):
France
7. DISTRIBUTION
1. Method of distribution:
Syndicated
2. If syndicated,
(i)
Names of Managers
Lead Manager and Sole Bookrunner
(specifying Lead
Crédit Agricole Corporate and Investment Bank
Manager):
Co-Lead Managers
ABANCA Corporación Bancaria, S.A.
DekaBank Deutsche Girozentrale
Intesa Sanpaolo S.p.A.
National Bank Financial Inc.
(i )
Date of Subscription
Agreement (if any):
18 April 2023
(i i)
Stabilisation Manager(s)
Crédit Agricole Corporate and Investment Bank
(if any):
3. If non-syndicated, name of
Not Applicable
Dealer:
4. Intermediary(ies) in secondary
Not Applicable
trading:
5. U.S. Sel ing 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 Sel ing Restrictions:
Not Applicable
9. Specific Consent:
Not Applicable
10. General Consent:
Not Applicable
A50901822
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