TIDM94YB
RNS Number : 7333O
Credit Agricole Corp & Inv Bank
03 October 2019
2 October 2019
NOTICE TO HOLDERS OF SECURITIES
Issue of USD 20,000,000 Callable Rate Linked Interest Credit
Linked Notes on Industrial and Commercial Bank of China Ltd due
December 2027
issued by
CRÉDIT AGRICOLE CORPORATE AND INVESTMENT BANK
(the "Issuer")
pursuant to the EUR50,000,000,000 Structured Debt Instruments
Issuance Programme
ISIN: XS1566944101
Series: 4067
(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 3
November 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
3 November 2017
FINAL TERMS
As amended and restated on 2 October 2019
Issue of USD 20,000,000 Callable Rate Linked Interest Credit
Linked Notes on Industrial and Commercial Bank of China Ltd due
December 2029
under the EUR50,000,000,000
Structured Debt Instruments Issuance 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 the
supplements dated 2 June 2017 and 31 August 2017 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: 4067
(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 20,000,000
(b) Tranche: USD 20,000,000
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: 3 November 2017
(b) Trade Date(s): 20 October 2017
(c) Interest Issue Date
Commencement Date:
7 Redemption Date: 30 December 2029 (the Scheduled Redemption Date),
subject to the provisions of 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 Authorisation given by the Board of Directors of
obtained: Crédit Agricole Corporate and Investment
Bank dated 10 February 2017
10 Method of distribution: Non-syndicated
11 Asset Conditions: Applicable in accordance with Annex 1
Not Applicable
* Commodity Linked Asset Conditions:
- Index Linked Asset Conditions: Not Applicable
- FX Linked Asset Conditions: Not Applicable
Not Applicable
* Inflation Linked Asset Conditions:
- Rate Linked Asset Conditions: Applicable
- ETF Linked Asset Conditions: Not Applicable
- Share Linked Asset Conditions: Not Applicable
Not Applicable
* Multi-Asset Basket Linked Asset Conditions:
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 December 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 December 2017
(c) Interest Period Dates: Quarterly on 30 March, 30 June, 30 September and 30
December in each year from and including
30 December 2017 to and including the Scheduled
Redemption Date.
(d) Interest Determination Date(s): Two (2) London and U.S. Government Securities Business
Days prior to the end of the relevant
Interest Accrual Period
(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 Crédit Agricole Corporate and Investment Bank
calculating the 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 Applicable in accordance with Rate Linked Asset Condition 2
Disruption Event:
(d) Specified USD
Currency:
(e) Observation In respect of each Underlying(i) : each Range Accrual Day
Date(s): 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 Not Applicable
Interest:
(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
* Applicable Interest Accrual Period: Interest Accrual Period from and including 30
September 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 cent. per annum
* Floor:
Each date falling two (2) London Business Days
* Interest Observation Date(s): immediately preceding the relevant Interest
Payment Date
Period from and including each date falling two
* Interest Observation Period(s): (2) London 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
* Range Accrual Day(s): 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
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 Limit(i) Underlying
, Underlying(ix) Limit(i) : Value(i)
and Underlying(iy) : Range:
1 Combination The Lower Infinity Range
of Underlying(1x) Limits Rangemeans
and Underlying(1y) applicable that on
: Subtraction to the the relevant
Underlying(1x) Interest Range
: USD-CMS Observation Accrual
30 years Periods Day each
Underlying(1y) which Underlying
: USD-CMS fall within Value(i)
2 years the following is greater
(with further periods than or
information shall equal
set out in be as to the
paragraph set out Lower
15E of these below: Limit(i)
Final Terms) 1. from and lower
and including than or
the Interest equal
Commencement to the
Date to Upper
but excluding Limit(i)
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) 0.00 per 6.00 per
: 3 months cent. 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 Not Applicable
Accrual Interest:
(i) Standard Multi Fixed Not Applicable
Digital Interest:
(j) Standard Digital to Not Applicable
Participation 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 applies
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 September 2018
Not Applicable
* Applicable for the purposes of the Combination
Interest Payoff:
Not Applicable
* Applicable for the purposes of a Payoff Feature:
5.70 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 a 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 the Range(1) means
and Underlying(1y) Interest Observation that on the
: Subtraction Periods which fall relevant Range
Underlying(1x) within the following Accrual Day
: USD-CMS periods shall be each Underlying
30 years as set out below: Value(i) is
Underlying(1y) 5. from and including greater than
: USD-CMS the Interest Commencement or equal to
2 years Date to but excluding the Lower Limit(i)
(with further 30 September 2019: and lower than
information 0.00 per cent. or equal to
set out per annum the Upper Limit(i)
in paragraph 6. from and including
15E of these 30 September 2019
Final Terms) 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) 0.00 per cent. 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 Not Applicable
Performance 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 For the purposes of determining
Date(s): 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 Standard Redemption, in
for the purposes of General accordance
Condition 6.2 (Early Redemption with Annex 9, Paragraph 2,
Trigger Events) determined subject
in accordance with: to Annex 2 (Credit Linked
Conditions)
and paragraph 21 of these Final
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 Standard Redemption, in
for the purposes of General accordance
Condition 6.1 (Redemption with Annex 9, Paragraph 2,
by Instalments and Final subject
Redemption) determined in to Annex 2 (Credit Linked
accordance with: Conditions)
and paragraph 21 of these Final
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:
- Fair Market Value Redemption
Amount Percentage:
(d) Instalment Redemption Not Applicable
Amount determined in accordance
with:
(e) Physical Settlement: Not Applicable
(f) Clean-up Call Option Not Applicable
(General 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 Single Reference Entity CLS
Securities:
(b) Reference Entity: Industrial and Commercial Bank
of China Ltd
(c) Specified Currency(ies): Standard Specified Currencies
(d) Maximum Maturity: 30 years
(e) Reference Obligation(s): Applicable
The obligation identified
as follows:
- Primary Obligor: Industrial and Commercial Bank
of China Ltd Tokyo
- Maturity: 28 June 2019
- Coupon: 0.32 per cent.
- CUSIP/ISIN: XS1435234890
JPY 15,000,000,000
* 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 Not Applicable
Original Non-Standard Reference
Obligation(s):
(h) Scheduled Redemption 30 December 2029, provided that
Date: 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 Corporate
for making calculations and Investment Bank
and determinations pursuant
to Annex 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
Governmental Intervention
- Payment Requirement (Failure $1,000,000 or its equivalent
to Pay): in the relevant Obligation
Currency
as of the occurrence of the
relevant
Failure to Pay or Potential
Failure
to Pay, as applicable
$10,000,000 or its equivalent
* Default Requirement (Obligation Acceleration, in the relevant Obligation
Obligation Default, Repudiation/Moratorium, Currency
Restructuring): 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 Applicable
Entity 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 deliver
* Physical Settlement Procedure (Credit Linked 10 Business Days prior to the
Condition 4.7(a)): Physical Settlement Date the
documents specified in Credit
Linked Condition 4.7(a)
(Procedure
by Securityholders)
As determined in accordance with
* Physical Settlement Period: 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 Bond or Loan
Category:
(s) Deliverable Obligation Not Subordinated
Characteristic(s): Specified Currency
Not Sovereign Lender
Not Domestic Law
Not Domestic Issuance
Assignable Loan
Transferable
Maximum Maturity
Not Bearer
(t) Subordinated European Not Applicable
Insurance 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 As per the Credit Linked
Calculation 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 Not Applicable
Obligation:
(bb) Domestic Currency: As per Credit Linked Condition
10
(cc) Domestic Law: As per Credit Linked Condition
10
(dd) Cessation of Interest CIA Type 1
Accrual (Credit Linked Condition
3.1):
(ee) Settlement at Maturity: Not Applicable
(ff) Notice Delivery Period: Determined Period in Part 10
(Definitions) of Annex 2 (Credit
Linked Conditions) in accordance
with the definition of Notice
Delivery
(gg) Notice of Publicly Applicable
Available 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 Not Specified - Calculation
Obligation Accrued Interest: Agent
to determine
(mm) Credit Event Backstop Trade Date
Date:
(nn) Event Determination Including prior to the Trade
Date: 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 Not Applicable
purposes 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 Applicable
a Merger Event (Credit Linked
Condition 2.8):
(tt) Additional Disruption Change of Law is applicable
Event: 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 Applicable
Event(s):
(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 December 2017
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 Not Applicable
Redemption Trigger:
(e) Puttable Knock-out Early Not Applicable
Redemption Trigger:
(f) Target Early Redemption Not Applicable
Trigger:
(g) Knock-out Multi Underlying Not Applicable
Early Redemption Trigger:
(h) 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) NGN
or New Global Certificate
(NGC):
(c) Transfer of interest Transfers of Securities to IAIs:
in Regulation S Global Securities: Not Applicable
28 Payment Business Day for Modified Following Payment
the purposes of "Payment Business
Business Day" election in Day
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 Yes
or Receipts to be attached
to Definitive Bearer Securities
and dates on which such
Talons mature:
32 Redenomination (for the Not Applicable
purposes 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 Applicable
Withholding (General Condition
6.5 (Redemption for FATCA
Withholding)):
(d) Regulatory Redemption Applicable
or 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 Applicable
Majeure (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: Not Applicable
OPERATIONAL INFORMATION
38 Branch of Account for the Not Applicable
purposes 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 admission GBP 300 + (plus) EUR 500
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 Dealer 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 from
(further information set out in paragraph 15E Reuters
of these Final Terms)
Reference Obligation: Industrial and Commercial Bank Bloomberg Ticker LW5456642
of China Ltd Tokyo (XS1435234890)
(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 RATES 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: XS1566944101
(ii) Temporary ISIN: Not Applicable
(iii) Common Code: 156694410
(iv) VALOREN Code: Not Applicable
(v) Other applicable security identification number: Not Applicable
(vi) Relevant clearing system(s) other than Euroclear Bank Not Applicable
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 Agent(s) (if Not Applicable
any):
(ix) Securities intended to be held in a manner which would No
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
IODFSFFIDFUSEIS
(END) Dow Jones Newswires
October 03, 2019 12:05 ET (16:05 GMT)
Cred Ag Co.30 (LSE:94YB)
過去 株価チャート
から 12 2024 まで 1 2025
Cred Ag Co.30 (LSE:94YB)
過去 株価チャート
から 1 2024 まで 1 2025
