Obligation Intesa Sanpaolo 18.791% ( XS2240054317 ) en EUR

Intesa Sanpaolo

100 % ⇌

Italie

XS2240054317 ( en EUR )

18.791% par an ( paiement annuel )

28/10/2024 - Obligation échue

Prospectus brochure de l'obligation Intesa Sanpaolo XS2240054317 en EUR 18.791%, échue

1 000 EUR

75 000 EUR

Intesa Sanpaolo est une banque italienne multinationale, l'une des plus grandes d'Europe, offrant une large gamme de services financiers aux particuliers, entreprises et institutions.

L'Obligation émise par Intesa Sanpaolo ( Italie ) , en EUR, avec le code ISIN XS2240054317, paye un coupon de 18.791% par an.
Le paiement des coupons est annuel et la maturité de l'Obligation est le 28/10/2024

FINAL TERMS
29 September 2020
Intesa Sanpaolo S.P.A.
Legal entity identifier (LEI): 2W8N8UU78PMDQKZENC08
STANDARD LONG BARRIER PLUS CERTIFICATES on EURO STOXX® BANKS Index
due 28.10.2024
under the Warrants and Certificates Programme IMI CIB
PART A CONTRACTUAL TERMS
Terms used herein shall be deemed to be defined as such for the purposes of the Terms and Conditions set forth
in the Base Prospectus dated 12 June 2020 and the supplement to the Base Prospectus dated 11 August 2020
which together constitute a base prospectus for the purposes of the Prospectus Regulation as amended. This
document constitutes the Final Terms of the Securities described herein for the purposes of Article 8(1) of the
Prospectus Regulation and must be read in conjunction with the Base Prospectus as supplemented. Full
information on the Issuer and the offer of the Securities is only available on the basis of the combination of
these Final Terms and the Base Prospectus. The Base Prospectus is available for viewing during normal
business hours at the registered office of the Issuer and the specified offices of the Principal Security Agent. The
Base Prospectus and the supplement to the Base Prospectus have been published on the websites of the
Luxembourg Stock Exchange (www.bourse.lu) and the Issuer (www.intesasanpaolo.prodottiequotazioni.com).
An issue specific summary of the Securities is annexed to these Final Terms. In the case of the Securities
admitted to trading on the regulated market of the Luxembourg Stock Exchange, the Final Terms will be
published on the website of the Luxembourg Stock Exchange and of the Issuer.
References herein to numbered Conditions are to the terms and conditions of the relevant series of Securities
and words and expressions defined in such terms and conditions shall bear the same meaning in these Final
Terms insofar as they relate to such series of Securities, save as where otherwise expressly provided.
These Final Terms relate to the series of Securities as set out in "Specific Provisions for each Series" below.
References herein to "Securities" shall be deemed to be references to the relevant Certificates that are the subject
of these Final Terms and references to "Securities" and "Security" shall be construed accordingly.
1.
Specific provisions for each Series:
Series Number
No. of Securities issued
Issue Price per Security
167
Up to 75,000
EUR 1,000

2.
Tranche Number:
Not applicable
3.
Minimum Exercise Amount:
1 (one) Certificate
4.
Minimum Trading Amount:
1 (one) Certificate
5.
Consolidation:
Not applicable
6.
Type of Securities and underlying (a)
The Securities are Certificates. The Certificates are
asset:
Index Securities.
(b)
The item to which the Securities relate is the EURO
STOXX® BANKS index (ISIN Code: EU0009658426,
Bloomberg Code: SX7E <Index>) (the "Underlying"
1

or the "Index").
Information about the Index may be found on the website of the
Index Sponsor www.stoxx.com
The EURO STOXX® BANKS Index is provided by STOXX
Limited. As at the date of these Final Terms, STOXX Limited
appears in the register of administrators and benchmarks
established and maintained by ESMA pursuant to Article 36 of
the Benchmark Regulation.
DISCLAIMER - EURO STOXX® BANKS Index
The EURO STOXX® BANKS index is the intellectual property
(including registered trademarks) of STOXX Limited, Zug,
Switzerland ("STOXX"), Deutsche Börse Group or their
licensors, which is used under license. The securities based on
the index are neither sponsored nor promoted, distributed or in
any other manner supported by STOXX, Deutsche Börse Group
or their licensors, research partners or data providers and
STOXX, Deutsche Börse Group and their licensors, research
partners or data providers do not give any warranty, and
exclude any liability (whether in negligence or otherwise) with
respect thereto generally or specifically in relation to any
errors, omissions or interruptions in the EURO STOXX®
BANKS index or its data.
7.
Typology:
Standard Long Certificates
8.
(i) Exercise Date:
The Exercise Date of the Securities is 28 October 2024.

(ii) Renouncement Notice Cut-off Equal to the last Valuation Date.
Time:
9.
Settlement Date:
The Settlement Date for the Securities is 28 October 2024.
If, on a Valuation Date a Market Disruption Event occurs, the
Settlement Date will be postponed accordingly. Such Settlement
Date shall not, in any case, be postponed beyond the tenth
Business Day following the last Valuation Date.
10.
Delivery Date:
The Delivery Date for the Securities is the Issue Date.
11.
Issue Date:
The Issue Date is 28 October 2020, or, in case of postponement,
such other date specified in a notice published on the website of
the Issuer and the Manager.
The Issue Date shall not, in any case, be postponed beyond the
fifth Business Day following 28 October 2020.
12.
Issue Currency:
The Issue Currency is Euro ("EUR").
13.
Discount Price
Not applicable.
14.
Purchase Price:
Not applicable.
15.
Business Day Centre(s):
The applicable Business Day Centre is Milan.
2

16. Business Day:
Following Unadjusted Business Day Convention
17.
Exchange Business Day:
Following Unadjusted Business Day Convention
18.
Settlement Business Day:
Not applicable.
19.
Settlement:
Settlement will be by way of cash payment (Cash Settled
Securities).
20.
Exchange Rate:
Not applicable.
21.
Settlement Currency:
The Settlement Currency for the payment of the Cash Settlement
Amount and any other remuneration amount payable under the
Securities is EUR.
22.
Name and address of Calculation The Calculation Agent is Intesa Sanpaolo S.p.A., with registered
Agent:
office at Piazza San Carlo, 156 10121 Turin.
23.
Exchange(s):
The relevant Exchange is, in respect of each component security
of the Index (each an "Index Constituent"), the principal stock
exchange on which such Index Constituent is principally traded,
as determined by the Calculation Agent.
24.
Index Sponsor:
The Index Sponsor is STOXX Limited.
25.
Related Exchange(s):
The relevant Related Exchange is EUREX.
26.
Rollover Date:
Not applicable
27.
Open End Feature:
Not applicable
28.
Put Option:
Not applicable
29.
Call Option:
Not applicable
30.
Maximum Level:
Not applicable
31.
Minimum Level:
Not applicable
32.
Settlement Amount:
On the Settlement Date each Certificate will entitle its holder to
receive a Cash Settlement Amount in the Settlement Currency
calculated by the Calculation Agent in accordance with the
following formula and rounding the resultant figure to nearest
EUR cent, 0.005 EUR being rounded upwards:
A. If the Final Reference Value is higher than, or equal to,
the Barrier Level (i.e. the Barrier Event has not occurred):
(Initial Percentage x Initial Reference Value x Multiplier) x
Minimum Exercise Amount
B. If the Final Reference Value is lower than the Barrier
Level (i.e. the Barrier Event has occurred):
(Final Reference Value x Multiplier) x Minimum Exercise
Amount
3

33. Multiplier:
The Multiplier to be applied is equal to the Issue Price divided
by the Initial Reference Value.
34.
Relevant Asset(s):
Not applicable
35.
Entitlement:
Not applicable
36.
AMF Percentage:
Not applicable
37.
VMF Percentage:
Not applicable
38.
Strike Price:
Not applicable
39.
Conversion Rate:
Not applicable
40.
Underlying Reference Currency:
The Underlying Reference Currency is EUR.
41.
Quanto Option:
Not applicable
42.
Determination Date(s):
27 October 2020, 28 October 2020 and 29 October 2020
43.
Valuation Date(s):
22 October 2024, 23 October 2024 and 24 October 2024
44.
Intraday Value:
Not applicable
45.
Reference Value:
For the purposes of the determination of the Barrier Event the
Reference Value will be the Final Reference Value.
46.
Initial Reference Value:
The Initial Reference Value will be calculated on 29 October
2020 and is equal to the arithmetic mean of the closing levels of
the Underlying, determined by the Calculation Agent on the
Determination Dates, and calculated pursuant to the following
formula:
=1×
Where:
"IRV" is the Initial Reference Value,
"x" is the number of Determination Dates (x = 3), and
"Underlyingt" is the closing level of the Underlying on the
Determination Date "t" (t = 1,2,3).
Initial Reference Value
Not applicable
Determination Period(s):
47.
Final Reference Value:
The Final Reference Value will be calculated on 24 October
2024 and is equal to the arithmetic mean of the closing levels of
the Underlying, determined by the Calculation Agent on the
Valuation Dates, and calculated pursuant to the following
formula:
=1×
4

Where
"FRV" is the Final Reference Value,
"x" is the number of Valuation Dates (x = 3), and
"Underlyingj" is the closing level of the Underlying on the
Valuation Date "j" (j = 1,2,3).
Final Reference Value
Not applicable
Determination Period(s):
48.
Best Of Feature:
Not applicable
49.
Worst Of Feature:
Not applicable
50.
Rainbow Feature:
Not applicable
PROVISIONS RELATING TO CERTIFICATES
Applicable
51.
Performance Cap:
Not applicable

Performance Floor:
Not applicable

Performance Participation Factor:
Not applicable
52.
Initial Percentage:
104.25%
53.
Participation Factor:
Not applicable
54.
Down Participation Factor:
Not applicable
55.
Up Participation Factor:
Not applicable
56.
Initial Leverage:
Not applicable
57.
Barrier Event:
Applicable.
The Barrier Event will occur when the Calculation Agent
determines that, on the Barrier Event Determination Period, the
Final Reference Value is lower than the Barrier Level.
Barrier Event Determination
24 October 2024
Period(s):
Barrier Level:
The Barrier Level is equal to 50% of the Initial Reference Value
Lower Barrier Level:
Not applicable
Upper Barrier Level:
Not applicable
Barrier Selection Period:
Not applicable
Strike Observation Period:
Not applicable
5

Air Bag Factor:
Not applicable
Protection Level:
Not applicable
Protection Percentage:
Not applicable
Spread Protection:
Not applicable
Protection Amount:
Not applicable
Dropdown Protection Level:
Not applicable
Dropdown Protection Amount:
Not applicable
Dynamic Protection Level:
Not applicable
Step Up Amount:
Not applicable
Sigma Amount:
Not applicable
Predetermined Loss Percentage:
Not applicable
Short Protection:
Not applicable
58.
Barrier Gap Event:
Not applicable
59.
Cap Level(s):
Not applicable
60.
Consolidation Floor Event:
Not applicable
61.
Cap Barrier Amount:
Not applicable
62.
Cap Down Amount:
Not applicable
63.
Strike Percentage:
Not applicable
64.
Calendar Cap Percentage:
Not applicable
65.
Calendar Floor Percentage:
Not applicable
66.
Gearing Factor:
Not applicable
67.
Switch Event:
Not applicable
68.
Spread:
Not applicable
69.
Gearing Event:
Not applicable
70.
Buffer Event:
Not applicable
71.
Global Performance:
Not applicable
72.
Failure to Deliver due to Illiquidity: Not applicable
73.
Digital Percentage:
Not applicable
6

74. Settlement Level:
Not applicable
75.
Combined Amount:
Not applicable
76.
Darwin Feature:
Not applicable
PROVISIONS RELATING TO REMUNERATION AMOUNTS AND EARLY REDEMPTION
AMOUNTS
77.
Knock-out Feature:
Not applicable
78.
Knock-in Feature:
Not applicable
79.
Digital Amount(s):
Not applicable
80.
Restrike Feature:
Not applicable
81.
Plus Amount(s):
Applicable. The Securityholders are entitled to receive the
unconditional payment of the Plus Amounts, equal to EUR
42.50 on each Plus Payment Date.

Plus Payment Date(s):
28 October 2021 (the "First Plus Payment Date")
28 October 2022 (the "Second Plus Payment Date")
30 October 2023 (the "Third Plus Payment Date")
82.
Accumulated Amount(s):
Not applicable
83.
Early Redemption Amount(s):
Not applicable
84.
Early Partial Capital Payment
Not applicable
Amount:
85.
Coupon Event:
Not applicable
86.
Internal Return Amount:
Not applicable
87.
Participation Remuneration
Not applicable
Amount:
88.
Participation Rebate Feature:
Not applicable
89.
Floating Amount:
Not applicable
90.
Premium Gap Amount:
Not applicable
PROVISIONS RELATING TO WARRANTS
Not applicable.
91.
Type of Warrants:
Not applicable
92.
Notional Amount:
Not applicable
7

93. Exercise Price:
Not applicable
94.
Premium:
Not applicable
95.
Barrier Event:
Not applicable

Barrier Event Determination
Not applicable
Period(s):

Lower Barrier Level:
Not applicable

Upper Barrier Level:
Not applicable

Corridor Early Amount:
Not applicable

Corridor Early Payment Date:
Not applicable
96.
Strike Percentage:
Not applicable
97.
Exercise Period:
Not applicable
98.
Maximum Exercise Number:
Not applicable
99.
Settlement Determination Period:
Not applicable
100.
Settlement Determination Date:
Not applicable
GENERAL
101.
Form of Securities:
Bearer Securities.
Temporary Global Security exchangeable for a Permanent
Global Security which is exchangeable for Definitive Securities
only in the limited circumstances specified in the Permanent
Global Security.
102.
Prohibition of Sales to Retail
Not applicable
Investors:
DISTRIBUTION
103.
Syndication:
The Securities will be distributed on a non-syndicated basis.

(i)
If syndicated, names and Not applicable.
addresses of Managers and
underwriting
commitments:

(ii)
Date
of
Subscription Not applicable.
Agreement:

(iii)
Stabilising Manager (if Not applicable
any):

If non-syndicated, name and address Intesa Sanpaolo Private Banking S.p.A., with registered
of Manager (if not the Issuer):
office at Via Montebello, 18 20121 Milano, Italy (the
"Manager").
8

Total commission, concession and The Offer Price embeds:
other costs:
- placement commissions payable by the Issuer to the
Manager equal to 2.55 per cent. of the Issue Price in
respect of Securities placed up to an aggregate of no.
40,000 Securities and in excess determined so that the
aggregate commission will be no higher than 3.00 per
cent. of the Issue Price in respect of the aggregate
Securities placed; and
- other structuring costs payable to the Issuer equal to
0.05 per cent. of the Issue Price.
Notice of the definitive amount of the placement commissions
will be published on the website of the Issuer within 5 (five)
days following the Issue Date.

ADDITIONAL INFORMATION
Example(s) of complex derivatives securities:
Not applicable
Signed on behalf of the Issuer:

By:
.................................................
Duly authorised

9

PART B OTHER INFORMATION
1. LISTING AND ADMISSION TO TRADING

(i)
Listing:
Luxembourg Official List of the Luxembourg Stock
Exchange

(ii)
Admission to trading:
Application will be made for the Securities to be admitted to
trading on the regulated market of the Luxembourg Stock
Exchange with effect from the Issue Date or a date around the
Issue Date.
Application will also be made for the Securities to be admitted
to trading on the Italian multilateral trading facility Securitised
Derivatives Market (the "SeDeX"), organised and managed by
Borsa Italiana S.p.A., which is not a regulated market for the
purposes of Directive 2014/65/EU as amended, with effect
from the Issue Date or a date around the Issue Date.
After the Issue Date, application may be made to list the
Securities on other stock exchanges or regulated markets or to
admit to trading on other trading venues as the Issuer may
decide.
2.
NOTIFICATION
The CSSF has provided the Commissione Nazionale per le Società e la Borsa (CONSOB) with a
certificate of approval attesting that the Prospectus has been drawn up in accordance with the
Prospectus Regulation.
3.
INTERESTS OF NATURAL AND LEGAL PERSONS INVOLVED IN THE ISSUE
Intesa Sanpaolo S.p.A., the issuer of the Securities, is part of the Intesa Sanpaolo group, to which the
Manager belongs, therefore participation relationships of the Manager with the Issuer result in a
conflict of interest.
The Issuer is expected to enter into hedging arrangements with market counterparties in connection
with the issue of the Securities in order to hedge its exposure.
The Issuer will act as Calculation Agent under the Securities. See the risk factor "Potential Conflicts of
Interest" of the Base Prospectus.
Save as discussed above and save for any commission payable to the Manager and costs payable to the
Issuer referred to in item 103 of Part A above, so far as the Issuer is aware, no person involved in the
issue of the Securities has an interest material to the Offer.
4.
REASONS FOR THE OFFER, ESTIMATED NET PROCEEDS AND TOTAL EXPENSES

(i) Reasons for the offer:
See "Use of Proceeds" wording in Base Prospectus.

(ii) Estimated net proceeds:
The net proceeds (resulting from subtracting the commissions
and the costs referred to in item 103 of Part A, from the
aggregate Issue Price paid by the Securityholders) of the issue
of the Securities will be equal to EUR 72,712,500 (assuming
10