Credit Agricole Assurances EUR 2030 bullet 2% Tier2 FR0013523602

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- Credit Agricole Assurances EUR BMK 10yr bullet T2 - IPT MS+250

Issuer: Crédit Agricole Assurances SA (ACAFP)
LEI: 969500K2MUPSI57XK083
Issuer rating: A-/Stable outlook (S&P)
Instrument: EUR Subordinated Tier 2 Bullet notes due July 2030
Form of the Notes: RegS dematerialised bearer
Expected Issue Ratings: BBB (S&P)
IPT: MS+250bps area
Amount: EUR benchmark
Settlement Date: [17] July 2020 (T+7)
Scheduled Maturity Date: [17] July 2030 (Redemption subject to Relevant Supervisory Authority approval and other Conditions to Redemption and Purchase)
Status of the Notes: Subordinated, junior to unsubordinated obligations and to subordinated obligations that rank or are expressed by their terms to rank in priority to other subordinated obligations, pari passu with other subordinated obligations of the Issuer, senior to any prêts participatifs, any titres participatifs, deeply subordinated debt and any class of share capital
Interest: Fixed rate of [●]% payable per annum, payable annually in arrears on [17] July in each year, subject to the deferral provisions as described in the Terms and Conditions
Mandatory Interest Deferral: Cash cumulative if (i) Regulatory Deficiency has occurred and is continuing or (ii) the payment of interest would itself cause a Regulatory Deficiency, subject to exceptions as described in the Terms and Conditions
Regulatory Deficiency: (i)The own funds regulatory capital of the Group is not sufficient to cover its capital requirements (including MCR/SCR, or any applicable capital requirements for internationally active insurance groups), or (ii)the Relevant supervisory Authority has determined that the Issuer must take action in relation to payments under the Notes
Arrears of Interest: Arrears of Interest may be paid at any time (in whole or in part) and must be paid (in whole) on the earliest of (i) redemption of the Notes, (ii) winding-up of the Issuer, or (iii) the next Interest Payment Date whereby a discretionary dividend did occur in any forms on any ordinary or preference shares in the preceding 12 months (provided that the Interest Payment Date is not a Mandatory Interest Deferral Date)
Early Redemption Rights: At par upon a Capital Disqualification Event, a Gross-Up Event, a Tax Deductibility Even, in each case subject to the Conditions to redemption and Purchase being met
Conditions to Redemption and Purchase: Redemption or Purchase subject to (i) prior approval of Relevant Supervisory Authority; (ii) no Regulatory Deficiency has occurred and is continuing (subject to exceptions as described in the Terms and Conditions); and (iii) to the extent required under the then Applicable Supervisory Regulations, no Insurance Affiliate Winding-Up has occurred and is continuing. In addition, certain other conditions apply in accordance with the Applicable Supervisory Regulations
Documentation: The Prospectus dated on or about July, 10th 2020 (the “Prospectus”)
Denoms/Listing/Governing Law: EUR 100k + 100k / Euronext Paris / French Law
ISIN/Common Code: FR001352360 / 220276210
Selling restrictions: As per the Prospectus
Target market: Eligible Counterparties and Professional clients only; retail clients excluded (each as defined according to the Directive 2014/65/EU (MiFID II)). All channels for distribution of the Notes are appropriate. No PRIIPs key information document (KID) has been prepared as not available to retail in EEA or in the UK
Global Coordinator, Sole Bookrunner, Sole Structuring Advisor: Credit Agricole CIB (B&D)
Joint Lead Managers (no books): Commerzbank, Erste Group, HSBC, J.P. Morgan, Natwest Markets
 
MS+200/225

book 2,85bn
 
MS+220

book 3.2bn
 
quale vi piace di piu' tra questa e la generali 2031?
 
L'ISIN è sbagliato, manca un numero. A che tasso hanno chiuso il collocamento ?
 
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