Obligation Crédit Agricole SA 3.8% ( XS1989533184 ) en SGD

Crédit Agricole SA

100 % ⇌

France

XS1989533184 ( en SGD )

3.8% par an ( paiement annuel )

29/04/2031

Prospectus brochure de l'obligation Crédit Agricole XS1989533184 en SGD 3.8%, échéance 29/04/2031

30/04/2026 ( Dans 281 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 SGD, avec le code ISIN XS1989533184, paye un coupon de 3.8% par an.
Le paiement des coupons est annuel et la maturité de l'Obligation est le 29/04/2031

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 (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.
IMPORTANT PROHIBITION OF SALES TO EEA RETAIL INVESTORS - 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 retail investor in the European Economic Area ("EEA"). For these purposes, a retail investor means a
person who is one (or more) of: (i) a retail client as defined in point (11) of Article 4(1) of MiFID II; (ii) a customer
within the meaning of Directive 2016/97/EU, as amended, where that customer would not qualify as a
professional client as defined in point (10) of Article 4(1) of MiFID II; or (iii) not a qualified investor as defined
in the Prospectus Directive (as defined below). Consequently no key information document required by
Regulation (EU) No 1286/2014 (as amended, the "PRIIPs Regulation") for offering or selling the Notes or
otherwise making them available to retail investors in the EEA has been prepared and therefore offering or
selling the Notes or otherwise making them available to any retail investor in the EEA may be unlawful under
the PRIIPs Regulation.

Final Terms dated 26 April 2019
Crédit Agricole S.A.
Legal Entity Identifier (LEI): 969500TJ5KRTCJQWXH05
Euro 75,000,000,000
Euro Medium Term Note Programme
Series No: 555
Tranche No: 1
Issue of SGD 325,000,000 Subordinated Fixed Rate Resettable Notes due April 2031
(the "Notes")
Issued by: Crédit Agricole S.A. (the "Issuer")
Joint Lead Managers and Bookrunners
CRÉDIT AGRICOLE CIB
DBS BANK LTD.
OCBC BANK
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
Directive or supplement a prospectus pursuant to Article 16 of the Prospectus Directive, 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 Directive" means Directive 2003/71/EC as amended (including by Directive
2010/73/EU) and includes any relevant implementing measure in the relevant Member State.
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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 English Law Notes" in the base prospectus dated 10 April 2019 which has
received visa no. 19-151 from the Autorité des marchés financiers (the "AMF") on 10 April 2019 which
constitutes a base prospectus for the purposes of the Prospectus Directive (the "Base Prospectus"). 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 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/en/finance/finance) and on the website of the AMF (www.amf-france.org) and copies may be
obtained from Crédit Agricole S.A., 12, place des Etats-Unis, 92127 Montrouge Cedex, France.
1.
Issuer:
Crédit Agricole S.A.
2.
(i)
Series Number:
555
(ii)
Tranche Number:
1
(iii)
Date on which the Notes become
fungible:
Not Applicable
3.
Specified Currency or Currencies:
Singapore Dollar ("SGD")
4.
Aggregate Nominal Amount:
(i)
Series:
SGD 325,000,000
(ii)
Tranche:
SGD 325,000,000
5.
Issue Price:
100.00 per cent. of the Aggregate Nominal Amount
6.
Specified Denominations
(i)
Specified Denomination:
SGD 250,000
(ii)
Calculation Amount:
SGD 250,000
7.
(i)
Issue Date:
30 April 2019
(ii)
Interest Commencement Date:
Issue Date
8.
Maturity Date:
30 April 2031
9.
Interest Basis:
3.80 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 per cent. of their nominal
amount.
11.
Change of Interest Basis:
Not Applicable
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12.
Put/Call Options:
Issuer Call
(further particulars specified in paragraph 20 below)
13.
Status:
Subordinated Notes
14.
Dates of the corporate authorisations for
issuance of the Notes:
Resolution of the Board of Directors of the Issuer
dated 13 February 2019 and the décision d'émission
dated 26 April 2019
Provisions Relating to Interest (if any) Payable
15.
Fixed Rate Note:
Applicable
(i)
Rate of Interest:
Resettable
(ii)
Interest Payment Dates:
30 April and 30 October in each year from, and
including, 30 October 2019 up to, and including, the
Maturity Date, adjusted in accordance with the
Modified Following Business Day Convention
(iii)
Fixed Coupon Amount:
Rate of Interest x Specified Denomination x Day
Count Fraction
(iv)
Broken Amount:
Not Applicable
(v)
Day Count Fraction:
Actual/365 (Fixed)
(vi)
Determination Dates:
Not Applicable
(vii)
Resettable:
Applicable

Initial Rate of Interest:
3.80 per cent. per annum payable semi-annually in
arrear from, and including, the Issue Date, to, but
excluding, the First Reset Date

First Margin:
+ 1.707 per cent. per annum

Subsequent Margin:
Not Applicable

First Reset Date:
30 April 2026

Second Reset Date:
Not Applicable

Subsequent Reset Date(s):
Not Applicable

Relevant Screen Page:
Bloomberg Screen TPIS Page under the caption
"Tullet Prebon Rates Interest Rate Swaps Asia
Pac SGD" and the column headed "ASK" for a
maturity of 5 years (or such other substitute page
thereof or if there is no substitute page, the screen
page which is the generally accepted page used by
market participants at that time)
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Reset Reference Rate:
Mid-Swap, being the rate appearing on the Relevant
Screen Page under the column headed "ASK" for a
term of the Mid-Swap Maturity

Mid-Swap
Floating
Leg 6-month SGD SOR
Benchmark Rate:

Mid-Swap Maturity:
5 years

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

Relevant Time:
11:00 am Singapore time

First Reset Period Fallback:
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 Issuer (Call
Option):
Applicable
(i)
Optional Redemption Date:
30 April 2026
(ii)
Optional Redemption Amount(s) of
each Note and method, if any, of
calculation of such amount(s):
SGD 250,000 per Note of SGD 250,000 Specified
Denomination
(iii)
If redeemable in part:
Not Applicable
(iv)
Notice Period:
As per Conditions
21.
Clean-up Redemption Option:
Not Applicable
22.
Redemption at the Option of Noteholders
(Put Option):
Not Applicable
23.
(i)
MREL/TLAC Disqualification Event
Call Option:
Not Applicable
(ii)
Early Redemption Amount(s) of
each Note and method, if any, of
calculation of such amount(s):
Final Redemption Amount
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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 per cent. of their outstanding
principal amount
25.
Early Redemption Amount of each Note:
Final Redemption Amount
26.
Make-Whole Redemption Amount:
Not Applicable
General Provisions Applicable to the Notes
28.
Form of Notes:
Bearer Notes
Temporary or permanent Global Note
(Bearer Notes):
Temporary Global Note exchangeable for a
Permanent Global Note which is exchangeable for
Definitive Bearer Notes in the limited circumstances
specified in the Permanent Global Note
29.
New Global Note:
Yes
30.
Global Certificate held under NSS:
No
31.
Financial Center:
Singapore
32.
Talons for future Coupons or Receipts to
be attached to Definitive Notes (and dates
on which such Talons mature):
No
33.
Details relating to Instalment Notes: amount
of each Instalment, date on which each
payment is to be made:
Not Applicable
34.
Applicable tax regime:
Condition 9(a) applies
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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
30 April 2019
(ii)
Estimate of total expenses
related to admission to
trading:
Euro 8,175
2.
RATINGS
The Notes to be issued have been rated:
Standard & Poor's: BBB+
Moody's: Baa2
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).
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.
YIELD
Indication of yield:
3.800 per cent. per annum until the First Reset
Date
The yield in respect of this issue of Notes is
calculated on the basis of the Issue Price using the
following formula:
C
P=
(1-(1+r)-n) + A(1+r)-n
r
where:
P
is the Issue Price of the Notes;
C
is the Interest Amount;
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A
is the outstanding principal amount of Notes
due on redemption;
n
is time to 30 April 2026 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.
5.
OPERATIONAL INFORMATION
(i)
Intended to be held in a manner
which would allow Eurosystem
No. Whilst the designation is specified as "no" at the
eligibility:
date of these Final Terms, should the Eurosystem
eligibility criteria be amended in the future such that
the Notes are capable of meeting them the Notes may
then be deposited with one of the ICSDs as common
safekeeper. Note that this does not necessarily mean
that the Notes will then be recognised as eligible
collateral for Eurosystem monetary policy and intra
day credit operations by the Eurosystem at any time
during their life. Such recognition will depend upon
the ECB being satisfied that Eurosystem eligibility
criteria have been met.
(ii)
ISIN:
XS1989533184
(iii)
Common Code:
198953318
(iv)
Any clearing system(s) other
than Euroclear Bank SA/NV and
Clearstream Banking Société
Anonyme and the relevant
identification number(s):
Euroclear France
(v)
Delivery:
Delivery against payment
(vi)
Names and addresses of Paying
Agent(s) (including any
additional Paying Agent(s)):
Citibank, N.A., London Branch
Citigroup Centre
Canada Square
Canary Wharf
London E14 5LB
United Kingdom
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6.
DISTRIBUTION
1.
Method of distribution:
Syndicated
2.
If syndicated,
(i)
Names of Managers:
Joint Lead Managers and Bookrunners
Crédit Agricole Corporate and Investment Bank
DBS Bank Ltd.
Oversea-Chinese Banking Corporation Limited
(ii)
Date of Subscription
Agreement (if any):
26 April 2019
(iii)
Stabilisation Manager(s) (if
any):
DBS Bank Ltd.
3.
If non-syndicated, name of Dealer:
Not Applicable
4.
U.S. Selling Restrictions:
Reg. S Compliance Category 2; TEFRA D
5.
Prohibition of Sales to EEA Retail
Investors:
Applicable
6.
Additional Selling Restrictions:
Not Applicable
7.
Non-exempt Offer:
Not Applicable
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