Crédit Agricole S.A. (the “Issuer”) announced the redemption (the “Redemption”) of all of its outstanding EUR 1,000,000,000 Senior Non-Preferred Callable Fixed to Floating Rate Social Notes issued on October 12, 2022 (ISIN: FR001400D0Y0) (the “Notes”) pursuant to Condition 7(e) (Redemption at the Option of the Issuer) of the terms and conditions of the Notes (the “Terms and Conditions”) included in the base prospectus dated April 8, 2022, which was granted the visa n°22-090 by the Autorité des marchés financiers on April 8, 2022 (as further amended and supplemented, the “Base Prospectus”), and the Final Terms of the Notes dated October 10, 2022 (the “Final Terms”), at the outstanding nominal amount thereof, together with any accrued interest thereon (the “Redemption Amount”). Capitalized terms not otherwise defined herein shall have the meanings ascribed thereto in the Base Prospectus.
In accordance with Condition 7(e) (Redemption at the Option of the Issuer) of the Terms and Conditions and the Final Terms, the Redemption Amount shall become due and payable on October 12, 2025 and, in accordance with Condition 5(h) (Accrual of Interest) of the Terms and Conditions, unless the Redemption Amount is improperly withheld or refused, each Note shall cease to bear interest on October 12, 2025. As October 12, 2025 is not a business day, in accordance with Condition 8(h) (Non-Business Days) of the Terms and Conditions, the Redemption Amount will be paid to the Noteholders on the following business day, i.e October 13, 2025 and the Noteholders will not be entitled to payment of any interest or other sum in respect of such postponed payment.
The terms and modalities of the Redemption are set out in the notice to the holders of the Notes appended to this press release. For further information on Crédit Agricole S.A., please see Crédit Agricole S.A.’s website: https://www.credit-agricole.com/en/finance.
