Obbligazione Crédit Agricole 3.25% ( FR001400G5Z3 ) in EUR

Crédit Agricole

100 EUR ⇌

Francia

FR001400G5Z3 ( in EUR )

3.25% per anno ( pagato 1 volta l'anno)

28/09/2032

Prospetto opuscolo dell'obbligazione Crédit Agricole FR001400G5Z3 en EUR 3.25%, scadenza 28/09/2032

100 000 EUR

1 000 000 000 EUR

27/09/2025 ( In 330 giorni )

The Obbligazione issued by Crédit Agricole ( France ) , in EUR, with the ISIN code FR001400G5Z3, pays a coupon of 3.25% per year.
The coupons are paid 1 time per year and the Obbligazione maturity is 28/09/2032

Final Term Sheet dated February 20, 2023

Crédit Agricole Home Loan SFH
EUR 1bn due September 2032 under the Issuer's EUR 40bn Covered Bond Program
(the "Covered Bonds")

PRIVATE AND CONFIDENTIAL FOR CREDIT AGRICOLE ONLY

All terms and conditions related to the forthcoming issuance and contained herein are
subject to and will be superseded by the Covered Bonds Documentation (as defined
hereunder). Any capitalised terms not specifically defined in this Term Sheet shall have the
meanings given to them in the Base Prospectus (as defined hereunder) dated 16 February
2023.

MIFID II product governance / Professional investors and ECPs only target market: Solely for
the purposes of the EEA domiciled manufacturer's product approval process, the target market
assessment in respect of the Covered Bonds, taking into account the five categories referred to in
item 18 of the Guidelines published by ESMA on 5 February 2018, has led to the conclusion that:
(i) the target market for the Covered Bonds is eligible counterparties and professional clients only,
each as defined in Directive (EU) 2014/65 (as amended, "MIFID II"); and (i ) all channels for
distribution of the Covered Bonds to eligible counterparties and professional clients are appropriate,
non-advised sales and pure execution services subject to the distributor's suitability and
appropriateness obligations under MiFID II, as applicable. Any person subsequently offering,
selling or recommending the Covered Bonds (a "distributor") should take into consideration the
manufacturer's target market assessment; however, a distributor subject to MiFID II is responsible
for undertaking its own target market assessment in respect of the Covered Bonds (by either
adopting or refining the manufacturer's target market assessment) and determining appropriate
distribution channels.

UK MIFIR product governance / Professional investors and ECPs only target market Solely
for the purposes of each manufacturer's product approval process, the target market assessment
in respect of the Covered Bonds, taking into account the FCA Handbook Product Intervention and
Product Governance Sourcebook (the "UK MiFIR Product Governance Rules") has led to the
conclusion that: (i) the target market for the Covered Bonds is only eligible counterparties, as
defined in the FCA Handbook Conduct of Business Sourcebook ("COBS"), and professional clients,
as defined in Regulation (EU) No 600/2014 as it forms part of UK domestic law by virtue of the
European Union (Withdrawal) Act 2018 ("UK MiFIR"); and (i ) all channels for distribution of the
Covered Bonds to eligible counterparties and professional clients are appropriate. Any person
subsequently offering, selling or recommending the Covered Bonds (a "distributor") should take
into consideration the manufacturers' target market assessment; however, a distributor subject to
the UK MiFIR Product Governance Rules is responsible for undertaking its own target market
assessment in respect of the Covered Bonds (by either adopting or refining the manufacturers'
target market assessment) and determining appropriate distribution channels.

1
Issuer
Crédit Agricole Home Loan SFH
2
LEI
969500C9913Z7PKUGB44
3
Series Number
85
4
Tranche Number
1

Subject to the Priority Payment Orders, the Covered Bonds, and,
where appropriate, any related coupons and receipts wil constitute
direct, unconditional, unsubordinated and privileged obligations of the
Issuer and wil rank pari passu without any preference among
Status of the Covered themselves. The Covered Bonds are issued under Articles L. 513-28
5
Bonds
to L. 513-32 of the French Monetary and Financial Code. Any holder
of Covered Bonds (a "Bondholder") benefits from the privilège
(priority in right of payment) provided for in Article L. 513-11 of the
French Monetary and Financial Code over all the assets and revenues
of the Issuer.
Form of the Covered
6
Reg S Bearer Dematerialised Covered Bonds
Bonds
7
Governing law
French law
The terms set out in this Term Sheet are subject entirely to the terms
and conditions set forth in the final terms (referred to in this Term
Sheet as the "Final Terms") and the base prospectus dated 16
February 2023 and any supplement thereto, in connection with the
Euro 40,000,000,000 Covered Bonds Program (the "Base
Prospectus", together with the Final Terms, the "Covered Bonds
8
Documentation
Documentation").

Any Covered Bonds, if purchased by you, wil be evidenced solely by
the Covered Bonds Documentation, which supersedes and replaces
the information set out in this Term Sheet. Capitalised terms not
specifically defined in this Term Sheet shall have the meanings given
to them in the Covered Bonds Documentation.
The Covered Bonds are expected to be Eurosystem eligible collateral
ECB Eligibility/ CRR
9
as specified by the European Central Bank (+ CRR compliant & LCR
Eligibility
eligible Level 1)
Expected Issue
Aaa/AAA/AAA (Moody's/Standard & Poor's/Fitch)
10
Rating
Aggregate Nominal
EUR 1,000,000,000
11
Amount
12
Launch Date
20 February 2023
13
Issue Date
28 February 2023
28 September 2032
The Covered Bonds are Soft Bullet Covered Bonds: in accordance
14
Final Maturity Date
with Condition 7(a) of the Terms & Conditions in the Base Prospectus,
the Final Maturity Date may be extended automatical y to the
Extended Final Maturity Date as specified below.
28 September 2033

If a Maturity Extension Trigger Event (as defined in Condition 7(a) of
the Terms and Conditionsin the Base Prospectus) occurs on the Final
Maturity Date, the payment of the Final Redemption Amount shal be
automatically deferred and shal become due and payable on the
Extended Final
Extended Final Maturity Date. However, any amount representing the
15
Maturity Date
Final Redemption Amount remaining unpaid on the Final Maturity
Date may be paid by the Issuer on any Specified Interest Payment
Date thereafter, up to (and including) the relevant Extended Final
Maturity Date. Interest wil continue to accrue on any unpaid amount
during such extended period at the relevant newly applicable Rate of
Interest and be payable on each Specified Interest Payment Date and
on the Extended Final Maturity Date.

A Fixed Rate of 3.250% for the period from and including the Issue
Date to but excluding the Final Maturity Date with a short first Coupon
from the Issue Date to 28 September 2032.

16
Rate of Interest
If applicable, a Floating Rate calculated on the basis of 1mEURIBOR
plus 29 bps for the period from (and including) the Final Maturity Date
to (but excluding) the Extended Final Maturity Date, or, if earlier, the
date on which the Covered Bonds are redeemed in full.
Interest Payment Dates : 28 September in each year, from and
including 28 September 2023 up to and including the Final Maturity
Date
Interest Payment
(adjusted pursuant to the Business Day Convention);
Dates and Specified
17

Interest Payement
Specified Interest Payment Date : 1mEURIBOR plus 29 bps in each
Date
month from (and including 28 October 2032 to (and including) 28
September 2033, subject to adjustment in accordance with the
Business Day Convention.
Screen Rate
18
Determination Page
ICAP
for Floating Rate
Actual/Actual (ICMA) up to (and excluding) the Final Maturity Date.

19
Day Count Fraction
If applicable, Actual/360 after (and including) the Final Maturity Date
up to (and excluding) the Extended Final Maturity Date.
Fol owing (unadjusted) up to (and excluding) the Final Maturity Date.

Business Day
20
If applicable, Modified Fol owing Business Day Convention (Adjusted)
Convention
after (and including) the Final Maturity Date up to (and excluding) the
Extended Final Maturity Date.
Payments: TARGET2
21
Business Days
Calculation: TARGET2
22
Benchmark
DBR 1.7 08/15/32
23
Benchmark Price
94.045%
Re-Offer spread vs
88.1bps
24
Benchmark
25
Mid-swap Yield
3.001%
Reoffer spread vs.
29bps
26
Mid swap
27
Re-Offer Yield
3.291%
28
Re-Offer Price
99.680%
29
Fees
0.315%
30
All-in Price
99.370%
31
Net Proceeds
EUR 993,650,000
Final Redemption
32
100.00% of principal of the Covered Bonds
Amount
33
Denominations
EUR 100,000 plus EUR 100,000
34
Call Option
not applicable

35
Put Option
not applicable
36
ISIN / Common Code
FR001400G5Z3 / 259231574
37
CFI Code
[.]
38
FISN Code
[.]
39
Listing
Euronext Paris
40
Settlement details
Euroclear France
41
Selling restrictions
As per the Covered Bonds Documentation
Professionals clients/ECPs-Only (each as defined according to MIFID
II and/or in the COBS and the UK MiFIR as applicable)
MiFID II / UK MiFIR
Channel of distribution : all channels for distribution of the Covered
42
Target Market
Bonds are appropriate.
No EU PRIIPs or UK PRIIPS (KID) has been prepared as the Covered
Bonds are not available to retail investors in the EEA or in the UK.
Joint Bookrunners
Banco Santander SA, Crédit Agricole CIB (B&D), Deutsche Bank
43
Aktiengesel schaft, DZ BANK AG Deutsche Zentral-
Genossenschaftsbank, Erste Group Bank AG, Natixis
ABANCA Corporación Bancaria, S.A., Banca Monte dei Paschi di
44
Co-leads
Siena, Bayerische Landesbank, Svenska Handelsbanken AB

DISCLAIMER

This document is prepared for professional clients and eligible counterparties and is not intended for retail clients, as defined in the Markets in Financial Instruments
Directive ("MiFID II"), and should not be provided to any such persons. Indicative terms contained in this document have been prepared and supplied to you at
your request for information or discussion purposes and for no other purpose. It is provided to you on a strictly confidential basis and may not be distributed,
summarised, photocopied, reproduced or used, in whole or in part, for any other purpose, nor furnished to any other person without obtaining the prior written
permission of Crédit Agricole Corporate and Investment Bank.

Crédit Agricole Corporate and Investment Bank does not make any representation or warranty (express or implied) nor accepts any responsibility or liability
(whether for negligence, under statute or otherwise) to any of the recipients of this document or to any other person as to the accuracy or completeness or the
validity of the information, and any statements contained, in this document or of any further information, or other communications that may be supplied to you in
the course of your evaluation of the proposed financing for the issuer (the "Issuer") or otherwise, and does not assume any undertaking to supplement such
information as further information becomes available or in light of changing circumstances. The information contained herein does not purport to be all-inclusive
or to contain all information that a prospective investor may desire. It is not intended and should not be used to provide the basis of any credit, legal or
other evaluation and should not be considered as a recommendation by Crédit Agricole Corporate and Investment Bank that any recipient participates in
the proposed financing. This material does not constitute "Investment Recommendations" as defined under the Market Abuse Regulations (MAR). This
material does not constitute research as considered by MiFID II. Recipients of this document must check and observe all applicable legal requirements
and, for the avoidance of doubt, receipt of this document and the information contained herein may not be taken as discharging the regulatory or statutory
responsibilities under applicable legislation (including but not limited to anti-money laundering legislation) of any such recipient.

Crédit Agricole Corporate and Investment Bank is not obliged to assess or keep under review the business, financial condition, prospects, creditworthiness,
status, authority or affairs of the Issuer or of any other party or at any time during the life of the proposed financing or to provide any participant in the
financing with any information relating to the Issuer or any other person or otherwise. Any final pricing with respect to any notes will be dependent on
prevailing market conditions and other commercial factors at the time the sale is actually concluded. Any reference to an issue price is not necessarily an
expression of the market value of the notes and the initial placement of the notes (if issued) may be executed at prices above or below such issue price.
Notwithstanding anything to the contrary, where applicable, Crédit Agricole Corporate and Investment Bank reserves the right to make an assignment or
transfer of all of its rights and obligations as calculation agent or as swap counterparty under the transaction documentation in relation to any notes and /or
new issue swap, and any reference in the transaction documentation to the calculation agent or as swap counterparty shall be construed as a reference to
the successor entity. The transaction documentation shall be binding upon and ensure solely to the benefit of each party and its successors.

By accepting this document and any additional written materials intended as a supplement hereto, you acknowledge that (a) Crédit Agricole Corporate and
Investment Bank is not in the business of providing legal, tax, regulatory or accounting advice, (b) you understand that there may be legal, tax, regulatory
or accounting risks associated with the potential transaction described herein, (c) you should receive legal, tax, regulatory and accounting advice from
advisors with appropriate expertise to assess relevant risks, and (d) you should apprise senior management in your organisation as to the legal, tax,
regulatory and accounting advice and (and, if applicable, risks) associated with the potential transaction and Crédit Agricole Corporate and Investment
Bank's disclaimers as to these matters.

Each recipient should also note that: (a) Crédit Agricole Corporate and Investment Bank may, now and/or in the future, have other investment and
commercial banking, trust and other relationships with the Issuer and with any other persons; (b) as a result of those other relationships Crédit Agricole
Corporate and Investment Bank may receive information about (or otherwise relevant to) members of the Issuer or any other persons and/or the proposed
financing which (or the existence of which) neither they nor the Issuer will have to disclose to any recipient of this document. In addition, Crédit Agricole
Corporate and Investment Bank will not have to use such information in performing any role in connection with the proposed financing. This document is
incomplete without reference to, and should be viewed in conjunction with, if any, oral presentations provided by Crédit Agricole Corporate and Investment
Bank and any additional written materials intended as a supplement hereto or thereto. Each recipient's receipt of this document constitutes its agreement

to the contents of this notice including the limitations of liabilities and conditions of use of such contents, without any need to provide formal approval or
signature of this document and more generally without any need to confirm to us such approval of this document and the limitations of liability contained
hereto.

United States of America: The delivery of this material to any person in the United States shall not be deemed a recommendation to effect any transactions
in any security mentioned herein or an endorsement of any opinion expressed herein. Recipients of this material in the United States wishing to effect a
transaction in any security mentioned herein should do so by contacting Credit Agricole Securities (USA), Inc.

Regulatory Disclosure: Crédit Agricole Corporate and Investment Bank is authorised and regulated by the Autorité de Contrôle Prudentiel et de Résolution
(the "ACPR") and supervised by the European Central Bank (the "ECB"), the ACPR and the Autorité des Marchés Financiers (the "AMF") in France. Crédit
Agricole Corporate and Investment Bank London is authorised by the Prudential Regulation Authority and subject to regulation by the Financial Conduct
Authority (the "FCA") and limited regulation by the Prudential Regulation Authority (the "PRA"). Details about the extent of our regulation by the FCA and
the PRA are available from Crédit Agricole Corporate and Investment Bank London on request.

Crédit Agricole Corporate and Investment Bank is a public limited company ("société anonyme") under French law, incorporated in France under SIREN
number 304187701 at the Nanterre Trade and Companies Registry, with limited liability and its head office address at 12, Place des États-Unis, CS 70052,
92547 Montrouge Cedex, France. It is registered in England and Wales as an overseas company at Companies House under company number FC008194,
with a UK establishment at Broadwalk House, 5 Appold Street, London, EC2A 2DA, United Kingdom (UK establishment number BR001975).

© 2023, CRÉDIT AGRICOLE CORPORATE AND INVESTMENT BANK. All rights reserved.