Obligation Banque Fédérale du Crédit Mutuel 0% ( XS1205753681 ) en EUR

Société émettrice Banque Fédérale du Crédit Mutuel
Prix sur le marché 100 %  ⇌ 
Pays  France
Code ISIN  XS1205753681 ( en EUR )
Coupon 0%
Echéance 19/09/2016 - Obligation échue



Prospectus brochure de l'obligation BANQUE FEDERATIVE DU CREDIT MUTUEL XS1205753681 en EUR 0%, échue


Montant Minimal 100 000 EUR
Montant de l'émission 250 000 000 EUR
Description détaillée La Banque Fédérative du Crédit Mutuel est l'établissement central du groupe Crédit Mutuel, assurant la cohésion et la gestion du système fédératif des caisses régionales.

L'Obligation émise par Banque Fédérale du Crédit Mutuel ( France ) , en EUR, avec le code ISIN XS1205753681, paye un coupon de 0% par an.
Le paiement des coupons est annuel et la maturité de l'Obligation est le 19/09/2016







FINAL TERMS dated 2 April 2015


BANQUE FÉDÉRATIVE DU CRÉDIT MUTUEL
Euro 45,000,000,000 Euro Medium Term Note Programme
Series No: 409
Tranche No: 2
Issue of EUR 50,000,000 Floating Rate Notes due September 2016 (the "Notes")
to be consolidated and form a single series with the EUR 200,000,000 Floating Rate Notes due September
2016 issued on 19 March 2015 (the "Existing Notes")
under the Programme

Issued by
Banque Fédérative du Crédit Mutuel
Credit Suisse Securities (Europe) Limited

PART A ­ CONTRACTUAL TERMS
Terms used herein shall be deemed to be defined as such for the purposes of the Conditions set forth in the Base
Prospectus dated 5 June 2014 which received visa no. 14-270 from the Autorité des marchés financiers (the "AMF")
on 5 June 2014, the first supplement to the Base Prospectus dated 13 August 2014 which received visa no.14-464
from the AMF on 13 August 2014 and the second supplement to the Base Prospectus dated 11 March 2015 which
received visa no.15-086 from the AMF on 11 March 2015 which together constitute a base prospectus for the
purposes of Directive 2003/71/EC as amended by Directive 2010/73/EC (to the extent that such amending directive
has been implemented in the Relevant Member State) (the "Prospectus Directive"). This document constitutes the
Final Terms of the Notes described herein for the purposes of Article 5.4 of the Prospectus Directive and must be
read in conjunction with such Base Prospectus as so supplemented. 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 as so
supplemented. The Base Prospectus and the supplements to the Base Prospectus are available for viewing at Banque
Fédérative du Crédit Mutuel, 34, rue du Wacken 67000 Strasbourg and www.bfcm.creditmutuel.fr and copies may
be obtained from Banque Fédérative du Crédit Mutuel, 34, rue du Wacken 67000 Strasbourg and from BNP Paribas
Security Services Luxembourg Branch (in its capacity as Principal Paying Agent), 33 rue Gasperich, Howald
Hesperange, L-2085 Luxembourg, Grand Duchy of Luxembourg and will be available on the AMF
website www.amf-france.org and on the website of the Luxembourg Stock Exchange www.bourse.lu.
1 Issuer:
Banque Fédérative du Crédit Mutuel
2
(i)
Series Number:
409

(ii)
Tranche Number:
2
1



(iii) Date on which the Notes become
The Notes will be consolidated, form a single series
fungible:
and be interchangeable for trading purposes with the
Existing Notes immediately upon their issue and will
be consolidated, on or about the exchange date of the
Temporary Global Notes for interest in the Permanent
Global Notes as referred to in paragraph 26 (ii) below
which is expected to occur on or about the date being
40 days after the Issue Date (the "Exchange Date").
3
Specified Currency:
Euro ("EUR")
4
Aggregate Nominal Amount:


(i)
Series:
EUR 250,000,000

(ii)
Tranche:
EUR 50,000,000
5
Issue Price:
100.00 per cent. of the Aggregate Nominal Amount
of this Tranche plus an amount equal to EUR
3,826.39 corresponding to accrued interest on such
Aggregate Nominal Amount for the period from, and
including, the Interest Commencement Date to, but
excluding, the Issue Date.
6
(i)
Specified Denominations:
EUR 100,000

(ii)
Calculation Amount:
EUR 100,000
7
(i)
Issue Date:
7 April 2015

(ii)
Interest Commencement Date:
19 March 2015
8
Maturity Date:
19 September 2016
9
Interest Basis:
3-month EURIBOR + 0.12 per cent. per annum
Floating Rate (further particulars specified below)
10 Redemption Basis:
Subject to any purchase and cancellation or early
redemption the Notes will be redeemed at 100 per
cent. of their nominal amount on the Maturity Date.
11 Change of Interest Basis:
Not Applicable
12 Put/Call Options:
Not Applicable
13 (i)
Status of the Notes:
Unsubordinated Notes

(ii)
Date Board approval for issuance of
Decision of Mr. Christian Klein dated 27 March
Notes obtained:
2015, acting pursuant to the resolution of the Board
of Directors passed on 26 February 2015.
PROVISIONS RELATING TO INTEREST (IF ANY) PAYABLE
14 Fixed Rate Note Provisions:
Not Applicable
15 Floating Rate Note Provisions:
Applicable

(i)
Interest Period(s):
As per the Conditions

(ii)
Specified Interest Payment Dates:
19 March, 19 June, 19 September and 19 December
2


in each year, subject to adjustment in accordance
with the Business Day Convention set out in (v)
below.

(iii)
First Interest Payment Date:
The Specified Interest Payment Date falling on or
nearest to 19 June 2015

(iv)
Interest Period Date:
Not Applicable

(v)
Business Day Convention:
Modified Following Business Day Convention

(vi)
Business Centre(s):
Not Applicable

(vii)
Manner in which the Rate(s) of Interest
Screen Rate Determination
and Interest Amount is/are to be
determined:

(viii) Party responsible for calculating the
Not Applicable
Rate(s) of Interest and/or Interest
Amount(s) (if not the Calculation Agent):

(ix)
Screen Rate Determination:
Applicable

­ Reference Rate:
3-month EURIBOR

­ Interest Determination Date(s):
Two (2) TARGET Business Days prior to the first
day in each Interest Accrual Period

­ Relevant Screen Page:
Reuters Screen page EURIBOR01

(x)
ISDA Determination:
Not Applicable

(xi)
FBF Determination:
Not Applicable

(xii)
Margin(s):
+ 0.12 per cent. per annum

(xiii) Minimum Rate of Interest:
0.00 per cent. per annum

(xiv) Maximum Rate of Interest:
Not Applicable

(xv)
Day Count Fraction:
Actual/360
16 Zero Coupon Note Provisions:
Not Applicable
17 TEC 10 Linked Note Provisions:
Not Applicable
18 Inflation Linked Interest Note Provisions:
Not Applicable
19 Inflation Linked Range Accrual Note
Not Applicable
Provisions:
20 CMS Linked Note Provisions:
Not Applicable
21 Range Accrual Note Provisions:
Not Applicable
PROVISIONS RELATING TO REDEMPTION
22 Issuer Call Option:
Not Applicable
23 Noteholder Put Option:
Not Applicable
24 Final Redemption Amount:
EUR 100,000 per Calculation Amount
3


25 Early Redemption Amount:


(i)
Early Redemption Amount(s) of each Note
EUR 100,000 per Calculation Amount
payable on redemption for taxation reasons
or on Event of Default:

(ii)
Redemption for taxation reasons permitted
No
on days other than Specified Interest
Payment Dates:

(iii)
Unmatured Coupons to become void upon
Yes
early redemption:
GENERAL PROVISIONS APPLICABLE TO THE NOTES
26 Form of Notes:
Bearer Notes

(i)
New Global Note:
Yes

(ii)
Temporary or Permanent Global Note:
Temporary Global Note exchangeable for a
Permanent Global Note which is exchangeable for
Definitive Notes in the limited circumstances
specified in the Permanent Global Note

(iii)
Applicable TEFRA exemptions:
D Rules
27 Financial Centre(s):
Not Applicable
28 Talons for future Coupons or Receipts to be
No
attached to Definitive Notes (and dates on
which such Talons mature):
29 Details relating to Instalment Notes:
Not Applicable
30 Redenomination provisions:
Not Applicable
31 Consolidation provisions:
Not Applicable
32 Purchase in accordance with Article L.213-1 A
Applicable
and D.213-1 A of the French Code monétaire et
financier:
33 Any applicable currency disruption:
Not Applicable











4


RESPONSIBILITY
The Issuer accepts responsibility for the information contained in these Final Terms.

Signed on behalf of the Issuer:


By:
............................................

Duly authorised

5


PART B ­ OTHER INFORMATION
1
LISTING AND ADMISSION TO TRADING APPLICATION
(i)
Listing and admission to trading:
Application has been made by the Issuer (or on its
behalf) for the Notes to be listed on the official list
of, and admitted to trading on the Regulated Market
of the Luxembourg Stock Exchange with effect
from the Issue Date.
The Notes are to be consolidated and form a single
series with the Existing Notes as provided in
paragraph 2(iii) of Part A (which are already
admitted to Regulated Market of the Luxembourg
Stock Exchange).


(ii) Estimate of total expenses related to
EUR 470
admission to trading:
2
RATINGS
Ratings:
The Notes to be issued are expected to be rated:
S&P: A
Moody's: Aa3
Fitch Ratings: A+
S&P, Moody's and Fitch Ratings are established in
the European Union and registered under
Regulation (EC) No 1060/2009.
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 offer of the Notes has an interest material to the issue.
4
REASONS FOR THE OFFER, ESTIMATED NET PROCEEDS AND TOTAL EXPENSES
(i) Reasons for the offer:
See "Use of Proceeds" wording in the Base
Prospectus
(ii) Estimated net proceeds:
EUR 50,005,092.39 (including accrued interest)
(iii) Estimated total expenses:
Not Applicable

5
HISTORIC INTEREST RATES
Details of historic EURIBOR Rate can be obtained from Reuters.
6


6
OPERATIONAL INFORMATION
ISIN Code:
XS1205753681
For the avoidance of doubt, the Notes will be
consolidated, form a single series and be
interchangeable for trading purposes with the
Existing Notes immediately upon their issue and
will be consolidated, on or about the Exchange Date
for interest in the Permanent Global Notes. As a
result, there will be no Temporary ISIN Code in
respect of the Notes and the Temporary Global Note
in respect of the Existing Notes will not be
exchanged for a Permanent Global Note until the
day which is on or after 40 days following the Issue
Date of the Notes.
Common Code:
120575368
Any clearing system(s) other than Euroclear Bank
S.A./N.V. and Clearstream Banking, société
anonyme and the relevant identification number(s):
Not Applicable
Delivery:
Delivery against payment
Names and addresses of additional Paying Agent(s)
(if any):
Not Applicable
Intended to be held in a manner which would allow

Eurosystem eligibility:
Yes
Note that the designation "yes" simply means that
the Notes are intended upon issue to be deposited
with one of the International Central Securities
Depositories (i.e. Euroclear Bank S.A./N.V. and
Clearstream Banking, société anonyme) as common
safekeeper and does not necessarily mean that the
Notes will be recognised as eligible collateral for
Eurosystem monetary policy and intra-day credit
operations by the Eurosystem either upon issue or at
any or all times during their life. Such recognition
will depend upon satisfaction of the Eurosystem
eligibility criteria.
7
DISTRIBUTION
(i)
Method of distribution:
Non-syndicated
(ii)
If syndicated:

(A)
Names of Managers:
Not Applicable
(B)
Stabilising Manager(s) if any:
Not Applicable
7


(iii)
If non-syndicated, name of Dealer:
Credit Suisse Securities (Europe) Limited
(iv)
US Selling Restrictions (Categories of
Reg. S Compliance Category 2 applies to the Notes;
potential investors to which the Notes are
TEFRA D
offered):



8


Document Outline