TIDM94YB
RNS Number : 7354O
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 & Commercial Bank of China Ltd. due
June 2027
As amended and restated on 8 September 2017
issued by
CRÉDIT AGRICOLE CORPORATE AND INVESTMENT BANK
(the "Issuer")
pursuant to the EUR50,000,000,000 Structured Debt Instruments
Issuance Programme
ISIN: XS1566936347
Series: 4013
(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 July
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 July 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 & Commercial Bank of China Ltd. due
December 2029
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:
(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 July 2017
(b) Trade Date(s): 19 June 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
Not Applicable
* Commodity Linked Asset Conditions:
Not Applicable
* Index Linked Asset Conditions:
Not Applicable
* FX Linked Asset Conditions:
Not Applicable
* Inflation Linked Asset Conditions:
Applicable
* Rate Linked Asset Conditions:
Not Applicable
* ETF Linked Asset Conditions:
Not Applicable
* Share Linked Asset Conditions
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 September 2017 to and including the Redemption
Date
(c) Interest Period Dates: Quarterly on 30 March, 30 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 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:
* Applicable Interest Accrual Period: each Interest Accrual Period from and
including 30
June 2018 up to and 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:
7.00% per annum
* Cap:
0.00% per annum
* Floor:
Each date falling two (2) London Business
* Interest Observation Date(s): Days immediately preceding the relevant
Interest
Payment Date
Period from and including each date
* Interest Observation Period(s): 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
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
* Range Accrual Day(s): relevant Interest Observation Period.
In respect of the Underlying, 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 Business Day.
In respect of the Underlying, 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) , Underlying(ix) Lower Limit(i) Upper Limit(i) Underlying Value(i)
and Underlying(iy) : : Range:
1 Combination of Underlying(1x) The Lower Limits Infinity Range
and Underlying(1y) applicable to Rangemeans that
: Subtraction the Interest on the relevant
Underlying(1x) : Observation Range Accrual
USD-CMS 30 years Periods which Day each Underlying
Underlying(1y) : fall within Value(i) is greater
USD-CMS 2 years the following than or equal
(with further information periods shall to the Lower
set out in paragraph be as set out Limit(i) and
15E of these Final below: lower than or
Terms) 1. from and equal to the
including the Upper Limit(i)
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) : 3 - (minus) Infinity 7.00 per
months USD-LIBOR-ICE cent.
(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 Not Applicable
to Participation Interest:
(k) Standard Multi Fixed Not Applicable
Basket Interest:
(l) Standard Fixed Range Applicable in accordance
Accrual Interest: 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
The following Interest
* Applicable Interest Accrual Period: Accrual
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:
6.30 per cent. per annum
* Fixed Rate:
Not Applicable
* Fixed Rate (n):
Period from and including
* Interest Observation Period(s): 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
Not Applicable
* Interest Observation Period Cut-Off Date:
Each calendar day within
* Range Accrual Day(s): the
relevant Interest
Observation
Period
In respect of the
Underlying,
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 Business Day.
In respect of the
Underlying,
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 Relevant
and : Limit(i) Value(i) Observation
Underlying(ix) : Range:
and
Underlying(iy)
1 Combination The Lower Limits Infinity Range(1) Not Applicable
of applicable to Range(1) means
Underlying(1x) the Interest that on the
and Observation relevant Range
Underlying(1y) Periods which Accrual Day
: Subtraction fall within each Underlying
Underlying(1x) the following Value(i) is
: USD-CMS 30 periods shall greater than
years be as set out or equal to
Underlying(1y) below: the Lower
: USD-CMS 2 1. from and Limit(i)
years including the and lower than
(with further Interest or equal to
information Commencement the Upper
set out in Date to but Limit(i)
paragraph 15E excluding 30
of these Final September 2019:
Terms) 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) 7.00 per
: 3 months Infinity 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 Not Applicable
Performance 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
Date(s): 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 Standard Redemption, in
for the purposes of General accordance
Condition 6.2 (Early Redemption with Annex 9, Paragraph
Trigger Events) determined 2, 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
by Instalments and Final 2, 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: Not Applicable
- 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
Securities: CLS
(b) Reference Entity: Industrial & Commercial
Bank
of China 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 Limited
- Maturity: 12 September 2017
- Coupon: 2.75%
- CUSIP/ISIN: XS0754769577
USD 300,000,000
* 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,
Date: 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 Corporate
and determinations pursuant and Investment Bank
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
- 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
Not 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
* 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 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: 30
years
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 in accordance
with
the definition of Notice
Delivery
Period in Part 10
(Definitions)
of Annex 2 (Credit Linked
Conditions)
(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 -
Obligation Accrued Interest: Calculation Agent
to determine
(mm) Credit Event Backstop Trade Date
Date:
(nn) Event Determination Including prior to the
Date: 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 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
Event: 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 Applicable
Event(s):
(a) Issuer Call Early Redemption Applicable in accordance
Trigger: with
Annex 8, Chapter 1
Not Applicable
* Maximum Call Nominal Amount:
Any Interest Payment Date
* Early Redemption Date(s): from
and including 30
September 2017
up to and including 30
September
2029
Not Applicable
* Maximum Call Notice Period:
Nominal Amount
* Minimum Call Nominal Amount:
Five (5) London and New
* Minimum Call Notice Period: York
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:
(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) NGN
or New Global Certificate
(NGC):
(c) Transfer of interest Transfers of Securities
in Regulation S Global Securities: to IAIs:
Not Applicable
28 "Payment Business Day for Modified Following
the purposes of "Payment 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 (d) Redemption for tax reasons Not Applicable
(General Condition 6.3 (Redemption
for tax reasons)):
(e) Special Tax Redemption Not Applicable
(General Condition 6.4 (Special
Tax Redemption)):
(f) Redemption for FATCA Applicable
Withholding (General Condition
6.5 (Redemption for FATCA
Withholding)):
(g) Regulatory Redemption Applicable
or Compulsory Resales (General
Condition 6.6 (Regulatory
Redemption or Compulsory
Resales)):
(h) Events of Default (General Applicable
Condition 10 (Events of
Default)):
(i) 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
Securities, Bond Linked Branch
Securities, ETF Linked Securities
subject to physical delivery
or Share Linked Securities
subject to physical delivery):
37 Business Day Convention Not Applicable
(Credit Linked Conditions
and Bond Linked Conditions):
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 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: Industrial & Commercial Bank Bloomberg Ticker EJ0510879
of China Limited (ISIN: XS0754769577)
(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: XS1566936347
(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
IODFSFFMDFUSESS
(END) Dow Jones Newswires
October 03, 2019 12:05 ET (16:05 GMT)
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