TIDM94YB
RNS Number : 2895Q
Credit Agricole Corp & Inv Bank
08 September 2017
NOTICE TO HOLDERS OF NOTES
8 September 2017
USD 20,000,000 Callable Rate Linked Interest Credit Linked Notes
on The Wharf Holdings Ltd. due June 2027
issued by Crédit Agricole Corporate and Investment Bank (the
"Issuer")
pursuant to the EUR50,000,000,000 Structured Euro Medium Term
Note Programme
ISIN: XS1566936347
Series: 4013
(the "Notes")
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 original final terms in respect of the Notes dated 3 July
2017 (the "Original Final Terms" and, together with the Base
Prospectus, the "Notes Documentation"); and
3. the noteholder written resolution dated 8 September 2017 (the
"Noteholder Written Resolution").
Notice is hereby given to the holders of all outstanding Notes
that, pursuant to the provisions of the Base Prospectus and in
accordance with the instructions given to the Issuer by the sole
Noteholder by way of the Noteholder Written Resolution, the
Original Final Terms is replaced in its entirety with amended and
restated final terms dated 8 September 2017 attached in the
Appendix to this Notice (showing marked up changes).
Capitalised terms used in this Notice and not defined have the
meanings given to them in the Securities Documentation.
CRÉDIT AGRICOLE CIB FINANCIAL SOLUTIONS
3 July 2017
APPIX
FINAL TERMS
Issue of USD 20,000,000 Callable Rate Linked Interest Credit
Linked Notes on The Wharf Industrial & Commercial Bank of China
Holdings Ltd. due June 2027
As amended and restated on 8 September 2017
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: 4013
(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:
4 Issue Price: 100 per cent. of the Aggregate Nominal Amount
5 (a) Specified Denominations: USD 1,000,000
(b) Minimum Trading Not Applicable
Size:
(c) Calculation Amount: USD 1,000,000
6 (a) Issue Date: 3 July 2017
(b) Trade Date(s): 19 June
2017
(c) Interest Commencement
Date:
Issue Date
7 Redemption Date: 30 June 2027 (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 Guarantee obtained:
Deed of Guarantee executed by the Guarantor on 10 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 Applicable subject to Annex
Security: 2 (Credit Linked Conditions)
and paragraph 21 of these
Final Terms
(a) Applicable to: All Interest Accrual Periods
(b) Interest Payment Quarterly on 30 March, 30
Date(s): June, 30 September and 30
December in each year from
and including 30
September 2017 to and including
the Redemption Date
(c) Interest Period Quarterly on 30 March, 30
Dates: June, 30 September and 30
December in each year from
and including 30 June 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 adjustment of
"Interest Accrual Periods" in accordance sub-paragraph (h)
below):
Not Applicable
(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 Linked
Interest Rate and the Interest Amount:
Crédit Agricole Corporate and Investment Bank
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
- Basket: i
- Applicable for the purposes of: Standard Interest Payoff :
- 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:
ISDA Determination
--------------------------------------------- -------------------------------
Benchmark Rate Floating Rate Designated Reset Date
Option Maturity
----------------------- -------------------- ----------- ------------------
3 months USD-LIBOR-ICE USD-LIBOR-ICE Three (3) The first day
(formerly known months of the relevant
as USD- LIBOR-BBA) Interest Accrual
Period
----------------------- -------------------- ----------- ------------------
For the purposes of Underlyingi:
ISDA Determination Screen Rate Determination
--------------------------- ---------------------------- -----------------------------------------
Underly Benchm Determi Floating Designat Reset Relevan Relevan Relevan Referen
ingi: ark nation Rate ed Date: t Screen t Screen t Inter- ce
-------- ------
Rate: of Option: Maturit Page: Page Bank Banks:
-------- ------- --------- ------ --------- --------
Benchm y: Time: Market:
------- --------- --------- --------- --------- --------- --------
ark
--------- --------- ---------
Rate
Level:
-------- ------- -------- --------- --------- ------ --------- --------- --------- --------
1x Screen
Rate
USD- Determi
CMS nation
30
years
--- ---------- ---------- ---------- --------- ---------- --------- --------- --------- ----------
1y Screen 11.00
Rate Reuters a.m.,
USD- Determi Screen New
CMS nation Not Not Not page: York New
2 Applica Applica Applica ICESW City York
years ble ble ble AP1 time City
--- ---------- ---------- ---------- --------- ---------- --------- --------- ---------
2 3 ISDA USD- Three The Not Not Not
months Determi LIBOR- (3) first Applica Applica Applica
USD- nation ICE months day ble ble ble
LIBOR- (formerl of the
ICE y known relevant
(formerl as USD- Interest
y known LIBOR- Accrual
as 3M BBA) Period
USD- Not
LIBOR- Applicab
BBA) le
--- ---------- ---------- ---------- --------- ---------- --------- --------- --------- ----------
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 Applicable in accordance
Accrual Interest: 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 +
Margin1)
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 Valuei is within the Underlying Valuei Range
divided by the total number of Range Accrual Days in the relevant
Interest Observation Period.
- Applicable Interest Accrual Period:
- Applicable for the purposes of the Combination Interest Payoff:
- Relevant Combination Interest Payoff:
- Applicable for the purposes of a Payoff Feature:
The following Interest Accrual Periods: each Interest Accrual
Period from and including 30 June 2018 up to and excluding the
Scheduled Redemption Date
Not Applicable
Not Applicable Not Applicable
- Cap: 7.00% per annum
- Floor: 0.00% per annum
- Interest Observation Date(s): Each date falling two (2) London
Business Days
immediately preceding the relevant Interest Payment Date
- Interest Observation Period(s): Period from and including each
date falling two (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
- Interest Observation Period Cut-Off Date:
Not Applicable
- Leverage: 1.00
- Margin1: 2.00%
- Margin2: Not Applicable
- Range Accrual Day(s): Each calendar day falling within the
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 Value1
shall be deemed to be the value ascribed to the Underlying1 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 Value2 shall be deemed to be the value ascribed
to the Underlying2 on the immediately preceding London Business
Day.
- Accrual Factor IN: Not Applicable
- Accrual Factor OUT: Applicable
- a: Not Applicable
- b: Not Applicable
- Global Underlying: Benchmark Rate: 3 months USD-LIBOR-ICE
(with further information set out in paragraph 15E of these
Final Terms)
- Relevant Observation: Not Applicable
i Underlyingi, Underlyingix Lower Upper Limiti: Underlying
and Underlyingiy Limiti: Valuei Range:
---------------------------- ------------ -------------- -------------------
1 Combination of Underlying1x Range 1
and Underlying1y:
Subtraction Underlying1x Range 1 means
: USD-CMS 30 years 0.00 that on the
Underlying1y : USD-CMS per cent. Infinity relevant Range
2 years Accrual Day
(with further information each Underlying
set out in paragraph Valuei is greater
15E of these Final than or equal
Terms) to the Lower
Limiti and
lower than
or equal to
the Upper Limiti
---------------------------- ------------ -------------- -------------------
2 Underlyingi : 3
months USD- LIBOR-ICE
(with further information - (minus) 7.00 per
set out in paragraph Infinity cent.
15E of these Final
Terms)
---------------------------- ------------ -------------- -------------------
(g) Standard Power Interest: Not Applicable
(h) Standard Dual Range Accrual Interest:
Not Applicable
(i) Standard Multi Fixed Digital Interest:
(j) Standard Digital to Participation Interest:
(k) Standard Multi Fixed Basket Interest:
(l) Standard Fixed Range Accrual Interest:
Not Applicable Not Applicable Not Applicable
Applicable in accordance with 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
- Applicable Interest Accrual Period: The following Interest
Accrual Periods: each Interest
Accrual Period from and including the Interest Commencement Date
to but excluding 30 June 2018
- Applicable for the purposes of the Combination Interest Payoff:
- Applicable for the purposes of a Payoff Feature:
Not Applicable Not Applicable
- Fixed Rate: 6.30 per cent. per annum
- Fixed Rate (n): Not Applicable
- Interest Observation Period(s): Period from and including each
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
- Interest Observation Period Cut-Off Date:
Not Applicable
- Range Accrual Day(s): Each calendar day within the 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 Value1
shall be deemed to be the value ascribed to the Underlying1 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 Value2 shall be deemed to be
the value ascribed to the Underlying2 on the immediately preceding
London Business Day.
- a: Not Applicable
- b: Not Applicable
i Underlyingi and Lower Upper Underlying Relevant
Underlyingix and Limiti: Limiti: Valuei Range: Observation
Underlyingiy
-------------------------- ------------ ----------- --------------------- ---------------
1 Combination of Range1 Range1 Not Applicable
Underlying1x and means that
Underlying1y: on the relevant
Subtraction Underlying1x Range Accrual
: USD-CMS 30 Day each Underlying
years Underlying1y 0.00 Infinity Valuei is
: USD-CMS per cent. greater than
2 years or equal to
(with further the Lower
information set Limiti and
out in paragraph lower than
15E of these Final or equal to
Terms) the Upper
Limiti
-------------------------- ------------ ----------- --------------------- ---------------
2 Underlyingi :
3 months USD-
LIBOR-ICE - (minus) 7.00 per
(with further Infinity cent.
information set
out in paragraph
15E of these Final
Terms)
-------------------------- ------------ ----------- --------------------- ---------------
(m) Standard ABF Interest: Not Applicable
(n) Standard Annualised Performance Interest:
(o) Standard Rainbow Performance Interest:
(p) Standard Fixed Range Accrual Basket Performance Interest:
(q) Standard Multi Fixed Digital Basket Performance Interest:
(r) Standard Participation Basket Performance Interest:
Not Applicable Not Applicable Not Applicable Not Applicable Not
Applicable
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 the purposes of General
Condition 6.2 (Early Redemption Trigger Events) determined in
accordance with:
Standard Redemption, in accordance with Annex 9, Paragraph 2,
subject 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 for the purposes of General
Condition 6.1 (Redemption by Instalments and Final Redemption)
determined in accordance with:
Standard Redemption, in accordance with Annex 9, Paragraph 2,
subject to Annex 2 (Credit Linked 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 Amount:
- Fair Market Value Redemption Amount Percentage:
(d) Instalment Redemption Amount determined in accordance with:
Applicable Not Applicable
Not Applicable
(e) Physical Settlement: Not Applicable
(f) Clean-up Call Option (General Condition 6.7 (Clean-up Call Option)):
Not Applicable
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: The Wharf Industrial & Commercial Bank
of China Holdings 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: Industrial & Commercial Bank of China
Wharf Finance Limited
- Maturity: 11 June 12 September 20172017
- Coupon: 2.756.125%
- CUSIP/ISIN: XS0754769577XS0329230469
- Original Issue Amount: USD 400300,000,000
(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 Non- Standard Reference Obligation(s):
Not Applicable
(h) Scheduled Redemption Date: 30 June 2027, 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
(i) Calculation Agent responsible for making calculations and
determinations pursuant to Annex 2 (Credit Linked Conditions):
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
Crédit Agricole Corporate and Investment Bank
(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 to Pay):
- Default Requirement (Obligation Acceleration, Obligation
Default, Repudiation/Moratorium, Restructuring):
- Restructuring (Additional provisions (if any) where
Restructuring is specified as applicable in paragraph 21(m)
above):
$1,000,000 or its equivalent in the Obligation Currency as of
the occurrence of the relevant Failure to Pay
$10,000,000 or its equivalent in the Obligation Currency as of
the occurrence of the relevant Credit Event
Not Applicable
(n) Financial Reference Entity Terms Applicable
(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
- Fallback Settlement Method: Not Applicable
- Terms relating to Cash Settlement:
Not Applicable
- Partial Cash Settlement: Applicable
Partial Cash Settlement Date: As determined in accordance with
the Credit Linked Conditions
- Physical Settlement Procedure (Credit Linked Condition 4.7(a)):
Securityholder shall deliver 10 Business Days prior to the
Physical Settlement Date the documents specified in Credit Linked
Condition 4.7(a) (Procedure by Securityholders)
- Physical Settlement Period: As determined in accordance with
the definition of
Physical Settlement Period in Part 10 (Definitions) of Annex 2
(Credit Linked Conditions)
- Notice Cut-Off Date: Five (5) Business Days
- Escrow: Not Applicable
- Escrow Agent: Not Applicable
(r) Deliverable Obligation Category: Bond or Loan
(s) Deliverable Obligation Characteristic(s):
(t) Subordinated European Insurance Terms
Not Subordinated Specified Currency Not Sovereign Lender Not
Domestic Law Not Domestic Issuance Assignable Loan Transferable
Maximum Maturity: 30 years Not Bearer
Not Applicable
(w) Floating Rate Payer Calculation Amount:
As per the Credit Linked 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 (Credit Linked Condition
3.1):
CIA Type 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 Information:
Applicable
(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 Accrued Interest:
Not Specified - 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 of sub- paragraph (b) in the
definition of "Grace Period" in Credit Linked Condition 10):
Not Applicable
(qq) Grace Period Extension: Not Applicable
(rr) Limitation Date Adjustment: Not Applicable
(ss) Redemption following a Merger Event (Credit Linked
Condition 2.8):
Applicable
(tt) Additional Disruption Event: Change of Law is applicable
Hedging Disruption is applicable
Increased Cost of Hedging is not applicable
(uu) Qualifying Participation Seller requirements:
None
(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 Trigger: Applicable in
accordance with Annex 8, Chapter 1
- Maximum Call Nominal Amount: Not Applicable
- Early Redemption Date(s): Any Interest Payment Date from and
including 30
September 2017 up to and including 30 March 2027
- Maximum Call Notice Period: Not Applicable
- Minimum Call Nominal Amount: Nominal Amount
- Minimum Call Notice Period: Five (5) London and New York City
Business Days
prior to the relevant Early Redemption Date
(b) Investor Put Early Redemption Trigger: Not Applicable
(c) Knock-out Early Redemption Trigger: Not Applicable
(d) Callable Knock-out Early Redemption Trigger:
(e) Puttable Knock-out Early Redemption Trigger:
Not Applicable Not Applicable
(f) Target Early Redemption Trigger: Not Applicable
(g) Knock-out Multi Underlying Early Redemption Trigger:
(a) Knock-out Basket Performance Early Redemption Trigger:
Not Applicable Not Applicable
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 New Global Certificate (NGC):
(c) Transfer of interest in Regulation S Global Securities:
28 "Payment Business Day for the purposes of "Payment Business
Day" election in accordance with General Condition 5.6 (Payment
Business Day):
NGN
Transfers of Securities to IAIs: Not Applicable Modified
Following 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 Receipts to be attached to
Definitive Bearer Securities and dates on which such Talons
mature:
32 Redenomination (for the purposes of General Condition 3.1):
33 (a) Redemption for tax reasons (General Condition 6.3 (Redemption for tax reasons)):
(b) Special Tax Redemption (General Condition 6.4 (Special Tax
Yes
Not Applicable Not Applicable
Not Applicable
Redemption)):
(c) Redemption for FATCA Withholding (General Condition 6.5
(Redemption for FATCA Withholding)):
(d) Regulatory Redemption or Compulsory Resales (General
Condition 6.6 (Regulatory Redemption or Compulsory Resales)):
(e) Events of Default (General Condition 10 (Events of Default)):
(f) Illegality and Force Majeure (General Condition 19 (Illegality and Force Majeure)):
34 Gross Up (General Condition 8.2 (Gross Up)):
Applicable
Applicable
Applicable Applicable
Not Applicable
35 Calculation Agent: Crédit Agricole Corporate and Investment
Bank
36 Delivery Agent (Credit Linked Securities, Bond Linked
Securities, ETF Linked Securities subject to physical delivery or
Share Linked Securities subject to physical delivery):
37 Business Day Convention (Credit Linked Conditions and Bond Linked Conditions):
CACEIS Bank, Luxembourg Branch
Not Applicable
OPERATIONAL INFORMATION
38 Branch of Account for the purposes of General Condition 5.5
(General provisions applicable to payments):
Not Applicable
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 to trading:
2 RATINGS
GBP 300 + (plus) EUR 500
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
(further information set out in paragraph 15E of these Final
Terms)
USD-LIBOR-ICE (formerly known as USD- LIBOR-BBA)
(further information set out in paragraph 15E of these Final
Terms)
Reference Obligation: Wharf Industrial & Commercial Bank of
ChinaFinance Limited (ISIN: XS0754769577XS0329230469)
Reuters Screen ICESWAP1 page
Details of historic LIBOR rates can be obtained from Reuters
Bloomberg Ticker EJ0510879EG9868571 Corp
(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] EXCHANGE AND OTHER INFORMATION
OF CONCERNING THE UNDERLYING
Not Applicable
9 DISTRIBUTION
(i) Method of distribution: Non-syndicated
(ii) If syndicated: Not Applicable
(iii) If non-syndicated, name of Dealer
(iv) Indication of the overall amount of the underwriting
commission and of the placing commission:
(v) U.S. Selling Restrictions
(Categories of potential investors to which the Securities are offered):
10 OPERATIONAL INFORMATION
The following Dealer is procuring subscribers for the
Securities:
Crédit Agricole Corporate and Investment Bank Not Applicable
Reg. S Compliance Category 2 Securities in Bearer Form - TEFRA
D
(i) ISIN Code: XS1566936347
(ii) Temporary ISIN: Not Applicable
(iii) Common Code: 156693634
(iv) VALOREN Code: Not Applicable
(v) Other applicable security identification number:
(vi) Relevant clearing system(s) other than Euroclear Bank
S.A./N.V. and Clearstream Banking, société anonyme and the relevant
identification number(s):
Not Applicable Not Applicable
(vii) Delivery: Delivery against payment
(viii) Names and addresses of additional Paying Agent(s) (if any):
(ix) Securities intended to be held in a manner which would
allow Eurosystem eligibility:
Not Applicable No
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 company news service from the London Stock Exchange
END
IODSSEFMAFWSEEU
(END) Dow Jones Newswires
September 08, 2017 12:26 ET (16:26 GMT)
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