Obligation Crédit Agricole SA 3.875% ( US22532LAM63 ) en USD

Crédit Agricole SA

99.9785 % ▼

France

US22532LAM63 ( en USD )

3.875% par an ( paiement semestriel )

14/04/2024 - Obligation échue

Prospectus brochure de l'obligation Crédit Agricole US22532LAM63 en USD 3.875%, échue

250 000 USD

1 250 000 000 USD

22532LAM6

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 USD, avec le code ISIN US22532LAM63, paye un coupon de 3.875% par an.
Le paiement des coupons est semestriel et la maturité de l'Obligation est le 14/04/2024

Pricing Term Sheet dated April 9, 2014

Crédit Agricole S.A.
acting through its London Branch

U.S. $20,000,000,000
Senior Medium-Term Note Program

Series No: 10
Tranche No: 1
U.S. $1,250,000,000
Senior Unsecured 3.875% Fixed Rate Notes due 2024

Terms used herein shall be deemed to be defined as such for the purposes of the Conditions set
forth in the Base Offering Memorandum dated April 8, 2014 (the "Offering Memorandum"). This
document constitutes the Pricing Term Sheet of the Notes described herein and must be read in
conjunction with the Offering Memorandum. Full information on the Issuer and the offer of the
Notes is only available on the basis of the combination of this Pricing Term Sheet and the
Offering Memorandum. The Offering Memorandum is available from the dealers referred to
herein.

Issuer:
Crédit Agricole S.A., acting through its London Branch
Expected Security Ratings*:
Moody's Investors Service Inc.: A2
Standard & Poor's Ratings Services: A
Fitch Ratings Ltd.: A
Security:
Senior Unsecured 3.875% Fixed Rate Notes due 2024
(referred to herein as the "Notes")
The Notes constitute obligations under French Law and
are issued or deemed to be issued outside of France
Principal Amount and Currency:

U.S. $1,250,000,000
Offering Date:
April 9, 2014
Original Issue Date:
April 15, 2014 (T+4)
Maturity Date:
April 15, 2024
Issue Price:
99.035%
Interest Basis:
3.875% Fixed Rate, accruing from and including the
Original Issue Date to and excluding the Maturity Date
Treasury Benchmark:
UST 2.75% due February 2024
Treasury Price:
100-15+

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Treasury Yield:
2.693%
Re-offer Spread to Benchmark:
+130 bp
Re-offer Yield:
3.993%
Rate of Interest and Interest Payment
3.875% per annum, payable semi-annually in arrears on
Dates:
each April 15 and October 15, commencing on October
15, 2014 and ending on the Maturity Date
Business Day Convention:
Following Business Day Convention, Unadjusted
Day Count Fraction:
30/360
Business Days:
Any day, not being a Saturday or a Sunday, on which
exchange markets and commercial banks are open for
business in New York
Optional Redemption:
Only for tax purposes
Form of Issuance:
Rule 144A / Regulation S

Form of Notes:
Registered book-entry form through DTC, Euroclear and
Clearstream
Denominations:
U.S. $250,000 and integral multiples of U.S. $1,000 in
excess thereof
Method of Distribution:
Syndicated
Dealers:
Credit Agricole Securities (USA) Inc.
Citigroup Global Markets Inc.
Merrill Lynch, Pierce, Fenner & Smith Incorporated
Morgan Stanley & Co. LLC
RBC Capital Markets, LLC

Rule 144A CUSIP / ISIN:
22532LAM6 / US22532LAM63
Regulation S CUSIP/ISIN:
22532MAM4 / US22532MAM47

*A securities rating is not a recommendation to buy, sell or hold securities and may be subject to
revision or withdrawal at any time.

Use of Proceeds
The gross proceeds of the Offering are expected to be U.S. $1,237,937,500 and will be used for
general funding purposes.
Settlement
It is expected that delivery of the Notes will be made against payment therefor on or about April
15, 2014 which will be 4 business days following the date of pricing of the Notes hereof (this
settlement cycle being referred to as "T+4"). Under Rule 15c6-1 of the Securities Exchange Act
of 1934, trades in the secondary market generally are required to settle in three business days,
unless the parties to any such trade expressly agree otherwise. Accordingly, purchasers who wish
to trade at the commencement of trading will be required, by virtue of the fact that the Notes
initially will settle in T+4, to specify an alternate settlement cycle at the time of any such trade to
prevent a failed settlement and should consult their own advisor.

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Important Information
The Notes have not been and will not be registered under the U.S. Securities Act of 1933, as
amended (the "Securities Act"), or with any securities regulatory authority of any state or
other jurisdiction of the United States, and may not be offered, sold or delivered within the
United States or to, or for the account or benefit of, U.S. persons (as defined in Regulation S
("Regulation S") under the Securities Act), except pursuant to an exemption from, or in a
transaction not subject to, the registration requirements of the Securities Act. Accordingly,
the Notes are being offered and sold only (i) outside the United States to non-U.S. persons in
reliance on Regulation S and (ii) within the United States to persons who are "qualified
institutional buyers" (each, a "QIB") within the meaning of Rule 144A ("Rule 144A") under
the Securities Act and the rules and regulations thereunder, acting for their own account or
for the account of one of more QIBs in reliance on Rule 144A. Prospective purchasers are
hereby notified that sellers of the Notes may be relying on the exemption from the
provisions of Section 5 of the Securities Act provided by Rule 144A. See "Plan of
Distribution" and "Notice to Purchasers" in the Offering Memorandum for information
about eligible offerees and transfer restrictions.
The distribution of this Pricing Term Sheet and the offering of the Notes in certain
jurisdictions may be restricted by law and therefore persons into whose possession this
Pricing Term Sheet comes should inform themselves about and observe any such
restrictions. Any failure to comply with these restrictions could result in a violation of the
laws of such jurisdiction.
The Notes are not bank deposits and are not insured or guaranteed by the Federal Deposit
Insurance Corporation or any other governmental or deposit insurance agency or entity.
You may obtain a copy of the Offering Memorandum for this transaction from the Dealers
referred to herein.

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