Obligation Crédit Agricole SA 4.359% ( FR001400LA09 ) en EUR

Crédit Agricole SA

100 % ⇌

France

FR001400LA09 ( en EUR )

4.359% par an ( paiement annuel )

10/04/2030

Prospectus brochure de l'obligation Crédit Agricole FR001400LA09 en EUR 4.359%, échéance 10/04/2030

100 000 EUR

1 000 000 000 EUR

10/04/2026 ( Dans 279 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 EUR, avec le code ISIN FR001400LA09, paye un coupon de 4.359% par an.
Le paiement des coupons est annuel et la maturité de l'Obligation est le 10/04/2030

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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 19 of the Guidelines
published by ESMA on 3 August 2023 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.

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Final Terms dated 6 October 2023

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

Euro Medium Term Note Programme
Series No: 682
Tranche No: 1

Issue of EUR 1,000,000,000 Senior Preferred Fixed Rate Notes due 10 April
2030
(the "Notes")

Issued by: Crédit Agricole S.A. (the "Issuer")

Lead Manager and Sole Bookrunner
Crédit Agricole CIB

Senior Co-Lead Managers
BayernLB
DekaBank

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.

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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, the first supplement to it dated 22 May 2023 which has received approval no.
23-172 from the AMF on 22 May 2023 and the second supplement to it dated 16 August 2023
which has received approval no. 23-359 from the AMF on 16 August 2023 and 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. Ful 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:
682

(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 1,000,000,000

(i )
Tranche:
EUR 1,000,000,000
5.

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

Specified Denomination:
EUR 100,000
7.

(i)
Issue Date:
10 October 2023

(i )
Interest Commencement

Date:
Issue Date
8.

Maturity Date:
10 April 2030
9.

Interest Basis:
4.359 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 6 October 2023.
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Provisions Relating to Interest (if any) Payable

15.

Fixed Rate Note:
Applicable

(i)
Rate of Interest:
4.359 per cent. per annum payable
annual y in arrears on each Interest
Payment Date

(i )
Interest Payment Dates:
10 April in each year from (and including)
10 April 2024 up to (and including) the
Maturity Date

(i i)
Fixed Coupon Amount:
EUR 4,359 per Note of EUR 100,000
Specified Denomination payable on each
Interest Payment Date, except for the
amount payable in respect of the short first
Interest Accrual Period beginning on (and
including) the Interest Commencement
Date and ending on (but excluding) the
Interest Payment Date falling on 10
April 2024 which shal be the Broken
Amount

(iv)
Broken Amount:
EUR 2,179.50 per Specified Denomination,
payable on the Interest Payment Date
falling on 10 April 2024

(v)
Day Count Fraction:
Actual/Actual-ICMA, not adjusted

(vi)
Determination Dates:
10 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
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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
EUR 100,000 per Note of EUR 100,000
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

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

request identification of a

Noteholder as Provided by

Condition 1(a):
Not Applicable
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 Contractual Masse shal apply
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, wil receive a
remuneration of EUR 300 per year
(excluding taxes), payable as per the
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Conditions.
Responsibility
I hereby accept responsibility for the information contained in these Final Terms.
Signed on behalf of the Issuer on 6 October 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
10 October 2023.
(i ) Estimate of total expenses related

to admission to trading:
EUR 7,200 (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 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 (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.
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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 999,350,000

5. YIELD
Indication of yield:
4.359 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:
FR001400LA09

(i )
Common Code:
270214827

(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

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(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):
Senior Co-Lead Managers
Bayerische Landesbank
DekaBank Deutsche Girozentrale

(i )
Date of Subscription

Agreement (if any):
6 October 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

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Document Outline

Part A „ Contractual Terms