TIDM94YB
RNS Number : 7335O
Credit Agricole Corp & Inv Bank
03 October 2019
2 October 2019
NOTICE TO HOLDERS OF SECURITIES
Issue of USD 10,000,000 Callable Rate Linked Interest Credit
Linked Notes on Hutchison Whampoa Limited due June 2027
issued by
CRÉDIT AGRICOLE CORPORATE AND INVESTMENT BANK
(the "Issuer")
pursuant to the EUR50,000,000,000 Structured Debt Instruments
Issuance Programme
ISIN: XS1566938046
Series: 4028
(respectively, the "Programme" and the "Securities")
Reference is made to:
(1) the base prospectus relating to the Programme dated 10 May
2017 as supplemented from time to time (the "Base Prospectus");
(2) the final terms in respect of the Securities dated 1 August
2017 (the "Original Final Terms" and, together with the Base
Prospectus, the "Securities Documentation").
Notice is hereby given to the holders of all outstanding
Securities that, at the request of 100 per cent. of the holders of
all outstanding Securities, the Original Final Terms has been
replaced in its entirety with the amended and restated Final Terms,
a draft form of which is attached in the Appendix to this Notice
(showing marked-up changes against the Original Final Terms) (the
"Amended and Restated Final Terms").
Capitalised terms used in this Notice and not defined have the
meanings given to them in the Base Prospectus and the Amended and
Restated Final Terms. Copies of the Securities Documentation and
the Amended and Restated Final Terms are available at the offices
of the Principal Paying Agent, CACEIS Bank Luxembourg, 5 Allée
Scheffer, L-2520, Luxembourg.
CRÉDIT AGRICOLE CORPORATE AND INVESTMENT BANK
APPIX - AMED AND RESTATED FINAL TERMS
1 August 2017
FINAL TERMS
As amended and restated on 2 October 2019
Issue of USD 10,000,000 Callable Rate Linked Interest Credit
Linked Notes on Hutchison Whampoa Limited due December 2029
under the EUR50,000,000,000
Structured Debt Instruments Issuance Programme
(the Programme)
by
CRÉDIT AGRICOLE CORPORATE AND INVESTMENT BANK
PART A - CONTRACTUAL TERMS
This document constitutes the Final Terms of the Securities
described herein for the purposes of Article 5.4 of the Directive
2003/71/EC (and amendments thereto, including the Directive
2010/73/EU, to the extent implemented in the Relevant Member
State), including any relevant implementing measure in the Relevant
Member State (the Prospectus Directive) and must be read in
conjunction with the Base Prospectus dated 10 May 2017 and any
supplement thereto which together constitute a base prospectus for
the purposes of the Prospectus Directive. 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 on the
Luxembourg Stock Exchange website (www.bourse.lu) and during normal
business hours at the registered office of Crédit Agricole CIB
(www.ca-cib.com) and the specified office of the Principal Paying
Agent.
1 (a) Series Number: 4028
(b) Type of Securities: Notes
(c) Tranche Number: 1
(d) Date on which the Securities become fungible: Not Applicable
2 Specified Currency: United States Dollar (USD)
3 Aggregate Nominal Amount:
(a) Series: USD 10,000,000
(b) Tranche: USD 10,000,000
4 Issue Price: 100 per cent. of the Aggregate Nominal Amount
5 (a) Specified Denominations: USD 1,000,000
(b) Minimum Trading Size: Not Applicable
(c) Calculation Amount: USD 1,000,000
6 (a) Issue Date: 1 August 2017
(b) Trade Date(s): 18 July 2017
(c) Interest Issue Date
Commencement Date:
7 Redemption Date: 30 December 2029 (the Scheduled Redemption Date),
subject to Annex 2 (Credit Linked Conditions)
and paragraph 21 of these Final Terms and to any early
redemption date
8 Type of Securities:
(a) Interest: Linked Interest Security: Rate Linked Interest Security
(Further particulars specified below in "PROVISIONS
RELATING TO INTEREST (IF ANY) PAYABLE")
(b) Redemption: Relevant Redemption Method(s):
For the purpose of determining the Early Redemption
Amount: Standard Redemption
For the purpose of determining the Final Redemption
Amount: Standard Redemption
Credit Linked Security
(Further particulars specified below in "PROVISIONS
RELATING TO REDEMPTION")
(c) Other: Not Applicable
9 Date Board approval for issuance of Securities and Deed of Guarantee executed by the Guarantor on 10
Guarantee obtained: February 2017
10 Method of distribution: Non-syndicated
11 Asset Conditions: Applicable in accordance with Annex 1
- Commodity Linked Asset Conditions: Not Applicable
- Index Linked Asset Conditions: Not Applicable
- FX Linked Asset Conditions: Not Applicable
- Inflation Linked Asset Conditions: Not Applicable
- Rate Linked Asset Conditions: Applicable
- ETF Linked Asset Conditions: Not Applicable
- Share Linked Asset Conditions Not Applicable
- Multi-Asset Basket Linked Asset Conditions: Not Applicable
12 Alternative Currency Conditions: Not Applicable
PROVISIONS RELATING TO INTEREST (IF ANY) PAYABLE
13 Fixed Rate Security: Not Applicable
14 Floating Rate Security: Not Applicable
15 Linked Interest Security: Applicable subject to Annex 2 (Credit Linked
Conditions) and paragraph 21 of these Final Terms
(a) Applicable to: All Interest Accrual Periods
(b) Interest Payment Date(s): Quarterly on 30 March, 30 June, 30 September and 30
December in each year from and including
30 September 2017 to and including the Scheduled
Redemption Date.
There will be a short first Interest Accrual Period
from and including the Interest Commencement
Date to but excluding 30 September 2017
(c) Interest Period Dates: Quarterly on 30 March, 30 June, 30 September and 30
December in each year from and including
30 September 2017 to and including the Scheduled
Redemption Date.
(d) Interest Determination Date(s): Two (2) London and U.S. Government Securities Business
Days immediately preceding the relevant
Interest Payment Date
(e) Business Day Convention for the purposes of Not Applicable
adjustment of "Interest Accrual Periods" in
accordance sub-paragraph (h) below):
(f) Additional Business Centres: Not Applicable
(g) Day Count Fraction: 30/360
(h) Interest Accrual Periods: Interest Accrual Periods will be unadjusted
(i) Determination Date(s): Not Applicable
(j) Calculation Agent responsible for calculating the Crédit Agricole Corporate and Investment Bank
Linked Interest Rate and the Interest
Amount:
15A Commodity Linked Interest Security: Not Applicable
15B Index Linked Interest Security: Not Applicable
15C FX Linked Interest Security: Not Applicable
15D Inflation Linked Interest Security: Not Applicable
15E Rate Linked Interest Security: Applicable in accordance with Annex 1, Chapter 5
(a) Single Underlying: Not Applicable
(b) Basket: Applicable
i
* Basket:
Standard Interest Payoff :
* Applicable for the purposes of: * Standard Range Accrual Interest
(see also paragraph 15J(f) of these Final Terms)
* Standard Fixed Range Accrual Interest
(see also paragraph 15J(l) of these Final Terms)
For the purposes of the Global Underlying and Underlying(i) :
Underlying: Benchmark Determination Floating Designated Reset
Rate: of Benchmark Rate Option: Maturity: Date:
Rate Level:
Global 3 months USD-LIBOR-ICE Three (3) The first
Underlying USD-LIBOR-ICE (formerly months day of the
known as relevant
USD-LIBOR-BBA) Interest
Accrual
Period
--------------- -------------- --------------- ----------- -----------
Underlying1x USD-CMS USD - ISDA- Thirty Each Range
30 years Swap Rate (30) Accrual
provided years Day (as
that the defined
definition in
of USD - paragraph
ISDA- Swap 15J(f) of
Rate as this
set out Pricing
in the ISDA Supplement
Definitions
shall be
amended
by the
deletion
of the words
"two U.S.
Government
Securities
Business
Days
preceding".
--------------- --------------- ----------- -----------
Underlying1y USD-CMS Two (two)
2 years years
--------------- --------------- ----------- -----------
Underlying2 3 months USD-LIBOR-ICE Three (3)
USD-LIBOR-ICE (formerly months
(formerly known as
known as USD-LIBOR-BBA)
3M ISDA
USD-LIBOR-BBA) Determination
--------------- -------------- --------------- ----------- -----------
Where the ISDA Definitions state that the determination of the relevant Floating Rate Option
will be pursuant to any requirement for the Calculation Agent to request quotes from Reference
Banks. or Reference Dealers or major banks pursuant to the ISDA Definitions, such requirement
to make requests for quotations for rates from, and the provision of quotations for rates
by, the requisite number of Reference Banks, Reference Dealers or major banks may be effected
by reference to and using quotations or tradable market prices which are made available by
such Reference Banks, Reference Dealers via electronic data providers or electronic trading
platforms. For the purposes of the preceding sentence, the terms "Reference Banks" and "Reference
Dealers" shall have the meanings set out in the ISDA Definitions.
If the fallback as set out in the definition of the Floating Rate Option pursuant to the ISDA
Definitions does not produce a result, the Calculation Agent shall determine the rate acting
in good faith and in a commercially reasonable manner.
(c) Additional Disruption Event: Applicable in accordance with Rate Linked Asset Condition
2
(d) Specified Currency: USD
(e) Observation Date(s): In respect of each Underlying(i) : each Range Accrual Day
In respect of the Global Underlying: each Interest
Observation Date
(as defined in paragraph 15J(f) and 15J(l) of these Final
Terms)
15F ETF Linked Interest Security: Not Applicable
15G Share Linked Interest Security: Not Applicable
15H Multi-Asset Basket Linked Interest Security: Not Applicable
15I Combination Interest Payoff Provisions: Not Applicable
15J Standard Interest Payoff Provisions: Not Applicable
(a) Standard Fixed Interest: Not Applicable
(b) Standard Floating Interest: Not Applicable
(c) Standard Floater Interest: Not Applicable
(d) Standard Inverse Floater Interest: Not Applicable
(e) Standard Participation Interest: Not Applicable
(f) Standard Range Accrual Interest: Applicable in accordance with Annex 5, Part A, Chapter
6
The Linked Interest Rate applicable to an Interest
Accrual Period for Securities for which
Standard Range Accrual Interest is applicable in
respect of such Interest Accrual Period shall
be calculated as follows:
Accrual Factor OUT x Min(Cap,Max(Floor,(Leverage x
Global Underlying Value + Margin(1) )
and expressed as a percentage
The Accrual Factor OUT is calculated as the number of
Range Accrual Days during the relevant
Interest Observation Period on which each Underlying
Value(i) is within the Underlying Value(i)
Range divided by the total number of Range Accrual Days
in the relevant Interest Observation
Period.
The following Interest Accrual Periods: each Interest
* Applicable Interest Accrual Period: Accrual Period from and including 30
June 2018 up to and but excluding the Scheduled Redemption
Date
Not Applicable
* Applicable for the purposes of the Combination
Interest Payoff:
Not Applicable
* Relevant Combination Interest Payoff:
Not Applicable
* Applicable for the purposes of a Payoff Feature:
Infinity
* Cap:
0.00% per annum
* Floor:
Each date falling two (2) London Business Days immediately
* Interest Observation Date(s): preceding the relevant Interest
Payment Date
Period from and including each date falling two (2) London
* Interest Observation Period(s): and U.S. Government Securities
Business Days immediately preceding the relevant Interest
Payment Date to and including the
date falling two (2) London and U.S. Government Securities
Business Days prior to the immediately
succeeding Interest Payment Date
Not Applicable
* Interest Observation Period Cut-Off Date:
* Leverage: 1.00
* Margin(1) : 2.00%
Not Applicable
* Margin(2) :
Each calendar day falling within the relevant Interest Observation Period.
* Range Accrual Day(s): In respect of the Underlying(1) , for any calendar day of the relevant
Interest Observation
Period which is not a U.S. Government Securities Business Day, the Underlying
Value(1) shall
be deemed to be the value ascribed to the Underlying(1) on the immediately
preceding U.S.
Government Securities Business Day.
In respect of the Underlying(2) , for any calendar day of the relevant
Interest Observation
Period which is not London Business Day, the Underlying Value(2) shall be
deemed to be the
value ascribed to the Underlying(2) on the immediately preceding London
Business Day.
Not Applicable
* Accrual Factor IN:
Applicable
* Accrual Factor OUT:
Not Applicable
* a:
Not Applicable
* b:
Benchmark Rate: 3 months USD-LIBOR-ICE
* Global Underlying: (with further information set out in paragraph 15E of these Final Terms)
Not Applicable
* Relevant Observation:
------
i Underlying(i) Lower Upper Underlying Value(i) Range:
, Limit(i) Limit(i)
Underlying(ix) : :
and
Underlying(iy)
1 Combination The Lower Infinity Range
of Limits Rangemeans that on the relevant
Underlying(1x) applicable Range Accrual Day each Underlying
and to the Value(i) is greater than
Underlying(1y) Interest or equal to the Lower Limit(i) and
: Subtraction Observation lower than or equal to the Upper
Underlying(1x) Periods Limit(i)
: USD-CMS 30 which
years fall within
Underlying(1y) the following
: USD-CMS 2 periods
years shall
(with further be as
information set out
set out in below:
paragraph 15E 1. from
of these Final and including
Terms) the Interest
Commencement
Date to
but excluding
30 September
2019:
0.00 per
cent.
per annum
2. from
and including
30 September
2019 to
but excluding
30 September
2020:
- (minus)
0.20 per
cent.
per annum
3. from
and including
30 September
2020 to
but excluding
30 September
2021:
- (minus)
0.10 per
cent.
per annum
4. from
and including
30 September
2021 to
but excluding
the Redemption
Date:
-(minus)
0.05 per
cent.
per annum
---------------- ----------------------------------------------------------------------------- --------- --------------------------------------
2 Underlying(i) - (minus) 6.00 per
: 3 months Infinity cent.
USD-LIBOR-ICE
(with further
information
set out in
paragraph 15E
of these Final
Terms)
---------------- ----------------------------------------------------------------------------- --------- ------------------- ---------- -----
(g) Standard Power Interest: Not Applicable
(h) Standard Dual Range Accrual Not Applicable
Interest:
(i) Standard Multi Fixed Not Applicable
Digital Interest:
(j) Standard Digital to Participation Not Applicable
Interest:
(k) Standard Multi Fixed Not Applicable
Basket Interest:
(l) Standard Fixed Range Applicable in accordance with
Accrual Interest: Annex 5, Part A, Chapter 12
Linear Applicable
The Linked Interest Rate
applicable
to an Interest Accrual Period
for Securities for which
Standard
Fixed Range Accrual Interest
is applicable in respect of
such Interest Accrual Period
shall be calculated as
follows:
Fixed Rate x Accrual Factor
and expressed as a percentage
The following Interest Accrual
* Applicable Interest Accrual Period: Periods: each Interest Accrual
Period from and including the
Interest Commencement Date to
but excluding 30 June 2018
Not Applicable
* Applicable for the purposes of the Combination
Interest Payoff:
Not Applicable
* Applicable for the purposes of a Payoff Feature:
6.20 per cent. per annum
* Fixed Rate:
Not Applicable
* Fixed Rate (n):
Period from and including each
* Interest Observation Period(s): date falling two (2) London and
U.S. Government Securities Business
Days immediately preceding the
first day of the relevant Interest
Accrual Period to and including
the date falling two (2) London
and U.S. Government Securities
Business Days immediately preceding
the last day of that Interest
Accrual Period
Not Applicable
* Interest Observation Period Cut-Off Date:
Each calendar day within the
* Range Accrual Day(s): relevant Interest Observation
Period.
In respect of the Underlying(1)
, for any calendar day of the
relevant Interest Observation
Period which is not a U.S. Government
Securities Business Day, the
Underlying shall be deemed to
be the value ascribed to the
Underlying(1) on the immediately
preceding U.S. Government Securities
Business Day Business Day.
In respect of the Underlying(2)
, for any calendar day of the
relevant Interest Observation
Period which is not London Business
Day, the Underlying Value(2)
shall be deemed to be the value
ascribed to the Underlying(2)
on the immediately preceding
London Business Day.
Not Applicable
* a:
Not Applicable
* b:
i Underlying(i) Lower Limit(i) Upper Underlying Value(i)
and Underlying(ix) : Limit(i) Range:
and Underlying(iy) :
1 Combination The Lower Limits Infinity Range(1)
of Underlying(1x) applicable to Range(1) means
and Underlying(1y) the Interest that on the
: Subtraction Observation Periods relevant Range
Underlying(1x) which fall within Accrual Day
: USD-CMS the following each Underlying
30 years Underlying(1y) periods shall Value(i) is
: USD-CMS be as set out greater than
2 years below: or equal to
(with further 5. from and including the Lower Limit(i)
information the Interest and lower than
set out in Commencement or equal to
paragraph Date to but excluding the Upper Limit(i)
15E of these 30 September
Final Terms) 2019: 0.00 per
cent. per annum
6. from and including
30 September
2019 to but excluding
30 September
2020: - (minus)
0.20 per cent.
per annum
7. from and including
30 September
2020 to but excluding
30 September
2021: - (minus)
0.10 per cent.
per annum
8. from and including
30 September
2021 to but excluding
the Redemption
Date: -(minus)
0.05 per cent.
per annum
------------------------- ----------------------- ---------- --------------------
2 Underlying(i) - (minus) Infinity 6.00 per
: 3 months cent.
USD-LIBOR-ICE
(with further
information
set out in
paragraph
15E of these
Final Terms)
------------------------- ----------------------- ---------- --------------------
(m) Standard ABF Interest: Not Applicable
(n) Standard Annualised Performance Not Applicable
Interest:
(o) Standard Rainbow Performance Not Applicable
Interest:
(p) Standard Fixed Range Not Applicable
Accrual Basket Performance
Interest:
(q) Standard Multi Fixed Not Applicable
Digital Basket Performance
Interest:
(r) Standard Participation Not Applicable
Basket Performance Interest:
16 Zero Coupon Security: Not Applicable
PAYOFF FEATURES (IF ANY) RELATING TO INTEREST
17 Payoff Features: Not Applicable
PROVISIONS RELATING TO REDEMPTION
18 Redemption Determination Date(s): For the purposes of determining
the Final Redemption Amount and
subject to Annex 2 (Credit Linked
Conditions) and paragraph 21 of
these Final Terms: the Redemption
Date
For the purposes of determining
an Early Redemption Amount and
subject to Annex 2 (Credit Linked
Conditions) and paragraph 21 of
these Final Terms: the relevant
Early Redemption Date
(as specified in paragraph 24(a)
of these Final Terms)
19 Redemption Method:
(a) Early Redemption Amount for Standard Redemption, in accordance
the purposes of General Condition with Annex 9, Paragraph 2, subject
6.2 (Early Redemption Trigger to Annex 2 (Credit Linked Conditions)
Events) determined in accordance and paragraph 21 of these Final
with: Terms, the Early Redemption Amount
will be equal to:
Reference Price x Nominal Amount
as determined by the Calculation
Agent on the Redemption Determination
Date.
(See also paragraph 24(a) of these
Final Terms for further information
in relation to the Issuer Call
Early Redemption Trigger)
Any such calculation is without
prejudice to General Condition
6.8 which will apply for the purposes
of any early redemption amount
calculated in accordance with the
conditions referred to in General
Condition 6.8 (Fair Market Value
Redemption Amounts).
- Redemption Payoff: Not Applicable
- Redemption Unwind Costs: Not Applicable
- Reference Price: 100 per cent.
(b) Final Redemption Amount for Standard Redemption, in accordance
the purposes of General Condition with Annex 9, Paragraph 2, subject
6.1 (Redemption by Instalments to Annex 2 (Credit Linked Conditions)
and Final Redemption) determined and paragraph 21 of these Final
in accordance with: Terms, the Final Redemption Amount
will be equal to:
Reference Price x Nominal Amount
as determined by the Calculation
Agent on the Redemption Determination
Date.
- Redemption Payoff: Not Applicable
- Redemption Unwind Costs: Not Applicable
- Payoff Feature Unwind Costs: Not Applicable
- Reference Price: 100 per cent.
(c) Fair Market Value Redemption Applicable
Amount: Not Applicable
- Fair Market Value Redemption
Amount Percentage:
(d) Instalment Redemption Amount Not Applicable
determined in accordance with:
(e) Physical Settlement: Not Applicable
(f) Clean-up Call Option (General Not Applicable
Condition 6.7 (Clean-up Call
Option)):
20 Instalment Securities: Not Applicable
21 Credit Linked Securities: Applicable in accordance with
Annex 2 (Credit Linked
Conditions)
(a) Type of Credit Linked Securities: Single Reference Entity CLS
(b) Reference Entity: Hutchison Whampoa Limited
(c) Specified Currency(ies): Standard Specified Currencies
(d) Maximum Maturity: 30 years
(e) Reference Obligation(s): Applicable
The obligation identified as
follows:
- Primary Obligor: Hutchison Whampoa International
09 Ltd
- Maturity: 9 April 2019
- Coupon: 7.6250 per cent. per annum
- CUSIP/ISIN: USG4672UAA37
USD 1,500,000,000
* Original Issue Amount:
(f) Standard Reference Obligation(s): Applicable - the Reference
Obligation(s) set out at
paragraph
21(e) above shall be the Standard
Reference Obligation unless
and until ISDA publishes a
Standard Reference Obligation
on the SRO List, in which case,
if such Standard Reference
Obligation is different from
the Reference Obligation set
out above, such Standard
Reference
Obligation shall prevail and
replace the Reference Obligation
set out above.
- Seniority Level: Senior Level
(g) Non-Reference Entity Original Not Applicable
Non-Standard Reference Obligation(s):
(h) Scheduled Redemption Date: 30 December 2029, provided
that if a payment or delivery
obligation is specified to
be made on such date and such
date is not a Payment Business
Day, the holder shall instead
be entitled to payment or
delivery
on the next following Payment
Business Day unless such date
would thereby fall into the
next calendar month, in which
event such date for payment
or delivery shall be brought
forward to the immediately
preceding Payment Business
Day
(i) Calculation Agent responsible Crédit Agricole
for making calculations and Corporate
determinations pursuant to Annex and Investment Bank
2 (Credit Linked Conditions):
(j) CLS Business Day: London and New York
City
(k) Relevant Time: Greenwich Mean Time
(l) All Guarantees: Applicable
(m) Credit Event: Bankruptcy
Failure to Pay
Restructuring
- Payment Requirement (Failure $1,000,000 or its
to Pay): equivalent
in the Obligation
Currency
as of the occurrence of
the relevant Failure to
Pay
$10,000,000 or its
* Default Requirement (Obligation Acceleration, equivalent
Obligation Default, Repudiation/Moratorium, in the Obligation
Restructuring): Currency
as of the occurrence of
the relevant Credit
Event
Applicable
* Restructuring (Additional provisions (if any) where
Restructuring is specified as applicable in paragraph
21(m) above):
(n) Financial Reference Entity Not Applicable
Terms
(o) Obligation Category: Bond or Loan
(p) Obligation Characteristic(s): Not Subordinated
Not Sovereign Lender
Not Domestic Currency
Not Domestic Issuance
Not Domestic Law
(q) Settlement Method: Physical Settlement
Not Applicable
* Fallback Settlement Method:
Not Applicable
* Terms relating to Cash Settlement:
Applicable
* Partial Cash Settlement: Partial Cash Settlement
Date: As determined in
accordance
with the Credit Linked
Conditions
Securityholder shall
* Physical Settlement Procedure (Credit Linked deliver
Condition 4.7(a)): 10 Business Days prior
to
the Physical Settlement
Date the documents
specified
in Credit Linked
Condition
4.7(a) (Procedure by
Securityholders)
As determined in
* Physical Settlement Period: accordance
with the definition of
Physical
Settlement Period in
Part
10 (Definitions) of
Annex
2 (Credit Linked
Conditions)
Five (5) Business Days
* Notice Cut-Off Date:
Not Applicable
* Escrow:
Not Applicable
* Escrow Agent:
(r) Deliverable Obligation Category: Bond or Loan
(s) Deliverable Obligation Characteristic(s): Not Subordinated
Specified Currency
Not Sovereign Lender
Not Domestic Law
Not Domestic Issuance
Assignable Loan
Transferable
Maximum Maturity: 30
years
Not Bearer
(t) Subordinated European Insurance Not Applicable
Terms
(u) Capped Reference Entity(ies): Applicable - the
Reference
Entity is a Capped
Reference
Entity
(v) LPN Reference Entity: Not Applicable
(w) Floating Rate Payer Calculation As per the Credit Linked
Amount: Conditions
(x) Excluded Obligation: Not Applicable
(y) Obligation: As per the Credit Linked
Conditions
(z) Deliverable Obligation: As per the Credit Linked
Conditions
(aa) Excluded Deliverable Obligation: Not Applicable
(bb) Domestic Currency: As per Credit Linked
Condition
10
(cc) Domestic Law: As per Credit Linked
Condition
10
(dd) Cessation of Interest Accrual CIA Type 1
(Credit Linked Condition 3.1):
(ee) Settlement at Maturity: Not Applicable
(ff) Notice Delivery Period: Determined in accordance
with
the definition of Notice
Delivery
Period in Part 10
(Definitions)
of Annex 2 (Credit Linked
Conditions)
(gg) Notice of Publicly Available Applicable
Information:
(hh) Public Source: As per Credit Linked
Condition
10
(ii) Settlement Currency: USD
(jj) Hedge Amount: Applicable One-Way
Hedge
Amount
(kk) Quotations: Applicable
- Quotation Amount: As per Credit Linked
Condition
10
- Minimum Quotation Amount: As per Credit Linked
Condition
10
- Valuation Time: As per Credit Linked
Condition
10
- CLS Dealer: As per Credit Linked
Condition
10
(ll) Deliverable/Valuation Obligation Not Specified -
Accrued Interest: Calculation
Agent to determine
(mm) Credit Event Backstop Date: Trade Date
(nn) Event Determination Date: Including prior to the
Trade
Date: Not Applicable
(oo) Extension Date: Scheduled Redemption
Date
(or such later date
determined
in accordance with the
Credit
Linked Conditions)
(pp) Grace Period (for the purposes Not Applicable
of sub-paragraph (b) in the
definition of "Grace Period"
in Credit Linked Condition 10):
(qq) Grace Period Extension: Not Applicable
(rr) Limitation Date Adjustment: Not Applicable
(ss) Redemption following a Applicable
Merger Event (Credit Linked
Condition 2.8):
(tt) Additional Disruption Event: Change of Law is
applicable
Hedging Disruption is
applicable
Increased Cost of
Hedging
is not applicable
(uu) Qualifying Participation None
Seller requirements:
(vv) Additional Provisions: Not Applicable
(ww) Quantum of the Claim: Applicable
22 Bond Linked Securities: Not Applicable
23 Linked Redemption Security: Not Applicable
24 Early Redemption Trigger Event(s): Applicable
(a) Issuer Call Early Redemption Applicable in accordance with
Trigger: Annex 8, Chapter 1
Not Applicable
* Maximum Call Nominal Amount:
Any Interest Payment Date from
* Early Redemption Date(s): and including 30 June 2018 up
to and including 30 September
2029
Not Applicable
* Maximum Call Notice Period:
Nominal Amount
* Minimum Call Nominal Amount:
Ten (10) London and New York
* Minimum Call Notice Period: City Business Days prior to the
relevant Early Redemption Date
(b) Investor Put Early Redemption Not Applicable
Trigger:
(c) Knock-out Early Redemption Not Applicable
Trigger:
(d) Callable Knock-out Early Redemption Not Applicable
Trigger:
(e) Puttable Knock-out Early Redemption Not Applicable
Trigger:
(f) Target Early Redemption Trigger: Not Applicable
(g) Knock-out Multi Underlying Not Applicable
Early Redemption Trigger:
(a) Knock-out Basket Performance Not Applicable
Early Redemption Trigger:
PAYOFF FEATURES (IF ANY) RELATING TO REDEMPTION
25 Payoff Features: Not Applicable
PROVISIONS APPLICABLE TO SECURED SECURITIES
26 Secured Security Provisions: Not Applicable
GENERAL PROVISIONS APPLICABLE TO THE SECURITIES
27 (a) Form: Bearer Form:
Temporary Bearer Global Security
exchangeable for a Permanent Bearer
Global Security which is exchangeable
for Definitive Bearer Securities
only upon an Exchange Event
(b) New Global Note (NGN) or NGN
New Global Certificate (NGC):
(c) Transfer of interest in Transfers of Securities to IAIs:
Regulation S Global Securities: Not Applicable
28 "Payment Business Day for the Modified Following Payment Business
purposes of "Payment Business Day
Day" election in accordance
with General Condition 5.6
(Payment Business Day):
29 Additional Financial Centre(s): London and New York City
30 Additional Business Centre(s): For the purpose of the determination
of "Business Days" under the Credit
Linked Conditions and unless otherwise
specified therein or in paragraph
21 above, the following shall be
Additional Business Centres: London
and New York City
31 Talons for future Coupons or Yes
Receipts to be attached to
Definitive Bearer Securities
and dates on which such Talons
mature:
32 Redenomination (for the purposes Not Applicable
of General Condition 3.1):
33 (a) Redemption for tax reasons Not Applicable
(General Condition 6.3 (Redemption
for tax reasons)):
(b) Special Tax Redemption Not Applicable
(General Condition 6.4 (Special
Tax Redemption)):
(c) Redemption for FATCA Withholding Applicable
(General Condition 6.5 (Redemption
for FATCA Withholding)):
(d) Regulatory Redemption or Applicable
Compulsory Resales (General
Condition 6.6 (Regulatory Redemption
or Compulsory Resales)):
(e) Events of Default (General Applicable
Condition 10 (Events of Default)):
(f) Illegality and Force Majeure Applicable
(General Condition 19 (Illegality
and Force Majeure)):
34 Gross Up (General Condition Not Applicable
8.2 (Gross Up)):
35 Calculation Agent: Crédit Agricole Corporate and
Investment Bank
36 Delivery Agent (Credit Linked CACEIS Bank, Luxembourg Branch
Securities, Bond Linked Securities,
ETF Linked Securities subject
to physical delivery or Share
Linked Securities subject to
physical delivery):
37 Business Day Convention (Credit Not Applicable
Linked Conditions and Bond
Linked Conditions):
OPERATIONAL INFORMATION
38 Branch of Account for the purposes Not Applicable
of General Condition 5.5 (General
provisions applicable to payments):
Signed on behalf of the Issuer:
By:
Duly authorised
PART B - OTHER INFORMATION
1 LISTING AND ADMISSION TO TRADING
(i) Listing and admission to trading: Application has been made by the relevant Issuer
(or on its behalf) for the Securities to
be admitted to trading on London Stock Exchange's
regulated market with effect from or as
soon as practicable after the Issue Date and to be
listed on the Official List of the London
Stock Exchange.
(ii) Estimate of total expenses related to GBP 300 + (plus) EUR 500
admission to trading:
2 RATINGS
Ratings: The Securities to be issued have not been rated
3 INTERESTS OF NATURAL AND LEGAL PERSONS INVOLVED IN THE ISSUE
Save for any fees payable to the Dealers and any distributor, 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
Not Applicable
5 YIELD Not Applicable
6 HISTORIC INTEREST RATES
Not Applicable
7 PERFORMANCE OF UNDERLYING AND OTHER INFORMATION CONCERNING THE UNDERLYING
Underlying: Where past and future performance of the Underlying
can be obtained:
Benchmark Rate: USD-CMS Reuters Screen ICESWAP1 page
(further information set out in paragraph 15E of
these Final Terms)
USD-LIBOR-ICE (formerly known as USD-LIBOR-BBA) Details of historic LIBOR rates can be obtained
(further information set out in paragraph 15E from Reuters
of these Final Terms)
Reference Obligation: Hutchison Whampoa Bloomberg Ticker EH7846270 Corp
International 09 Ltd (USG4672UAA37)
(further information set out in paragraph 21 of
these Final Terms)
Post-issuance information
The Issuer does not intend to publish post-issuance information in relation to any underlying
element to which the Securities are linked.
8 PERFORMANCE OF RATE[S] OF EXCHANGE AND OTHER INFORMATION CONCERNING THE UNDERLYING
Not Applicable
9 DISTRIBUTION
(i) Method of distribution: Non-syndicated
(ii) If syndicated: Not Applicable
(iii) (iii) If non-syndicated, name of Dealer The following Dealer is procuring subscribers
for the Securities:
Crédit Agricole Corporate and Investment
Bank
(iv) (iv) Indication of the overall amount of the Not Applicable
underwriting commission and of the placing
commission:
(v) U.S. Selling Restrictions Reg. S Compliance Category 2
(Categories of potential investors to which the Securities in Bearer Form - TEFRA D
Securities are offered):
10 OPERATIONAL INFORMATION
(i) ISIN Code: XS1566938046
(ii) Temporary ISIN: Not Applicable
(iii) Common Code: 156693634
(iv) VALOREN Code: Not Applicable
(v) Other applicable security identification Not Applicable
number:
(vi) Relevant clearing system(s) other than Not Applicable
Euroclear Bank S.A./N.V. and Clearstream Banking,
société anonyme and the relevant
identification number(s):
(vii) Delivery: Delivery against payment
(viii) Names and addresses of additional Paying Not Applicable
Agent(s) (if any):
(ix) Securities intended to be held in a manner No
which would allow Eurosystem eligibility:
Whilst the designation is specified as "no" at
the date of these Final Terms, should the
Eurosystem
eligibility criteria be amended in the future
such that the Securities are capable of meeting
them, the Securities may then be deposited with
one of the ICSDs as common safekeeper. Note
that this does not necessarily mean that the
Securities will then be recognised as eligible
collateral for Eurosystem monetary policy and
intraday 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.
11 TERMS AND CONDITIONS OF THE OFFER
Not Applicable
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
IODFSDFIDFUSEIS
(END) Dow Jones Newswires
October 03, 2019 12:03 ET (16:03 GMT)
Cred Ag Co.30 (LSE:94YB)
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