TIDM94YB

RNS Number : 1560I

Credit Agricole Corp & Inv Bank

12 April 2022

NOTICE TO HOLDERS OF SECURITIES

DATED 12 APRIL 2022

relating to the Final Terms dated 2 February 2022

Issue of up to GBP 10,000,000 Preference Share Linked Notes due April 2029

issued by

CRÉDIT AGRICOLE CORPORATE AND INVESTMENT BANK

Legal entity identifier (LEI): 1VUV7VQFKUOQSJ21A208

(the "Issuer")

under the UK

Structured Debt Instruments Issuance Programme

ISIN: XS2185442154

Series: 5424

(the "Securities")

Reference is made to:

(1) the Base Prospectus of the Issuer dated 7 May 2021 and the supplement dated 15 February 2022 which together constitute a prospectus (the "Base Prospectus") for the purposes of the UK Prospectus Regulation ; and

(2) the final terms in respect of the Securities dated 2 February 2022 (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 the Issuer will, pursuant to General Condition 15 (MEETINGS OF NOTEHOLDERS, MODIFICATION AND WAIVER) amend and restate the Original Final Terms.

Accordingly, 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

MiFID II product governance / Retail investors, professional investors and ECPs target market - Solely for the purposes of the manufacturer's product approval process, the target market assessment in respect of the Securities, taking into account the five (5) categories referred to in item 18 of the Guidelines published by the European Securities and Markets Authority (ESMA) on 5 February 2018, has led to the conclusion that the target market for the Securities is eligible counterparties, professional clients and retail clients, each as defined in Directive 2014/65/EU (as amended, MiFID II). Any person subsequently offering, selling or recommending the Securities (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 Securities (by either adopting or refining the manufacturer's target market assessment) and determining appropriate distribution channels.

UK MIFIR product governance / Retail investors, professional investors and ECPs target market - Solely for the purposes of the manufacturer's product approval process, the target market assessment in respect of the Securities, taking into account the five (5) categories referred to in item 18 of the Guidelines published by the European Securities and Markets Authority (ESMA) on 5 February 2018, has led to the conclusion that the target market for the Securities is retail clients, as defined in point (8) of Article 2 of Regulation (EU) No 2017/565 as it forms part of domestic law by virtue of the European Union (Withdrawal) Act 2018 (EUWA), and 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 domestic law by virtue of the EUWA (UK MiFIR). Any person subsequently offering, selling or recommending the Securities (a Distributor) should take into consideration the manufacturer's target market assessment; however, a Distributor subject to the FCA Handbook Product Intervention and Product Governance Sourcebook (the UK MiFIR Product Governance Rules) is responsible for undertaking its own target market assessment in respect of the Securities (by either adopting or refining the manufacturer's target market assessment) and determining appropriate distribution channels.

UK PRIIPs Regulation - PROHIBITION OF SALES TO UK RETAIL INVESTORS WITHOUT KID - The Securities are not intended to be offered, sold or otherwise made available to and should not be offered, sold or otherwise made available to any retail investor in the United Kingdom (UK) without an updated key information document required by Regulation (EU) No 1286/2014 as it forms part of domestic law by virtue of the European Union (Withdrawal) Act 2018 (EUWA) (the UK PRIIPs Regulation) for offering or selling the Securities or otherwise making them available to retail investors in the UK. For these purposes, a retail investor means a person who is one (or more) of: (i) a retail client, as defined in point (8) of Article 2 of Regulation (EU) No 2017/565 as it forms part of domestic law by virtue of the EUWA; (ii) a customer within the meaning of the provisions of the FSMA and any rules or regulations made under the FSMA to implement Directive (EU) 2016/97, where that customer would not qualify as a professional client, as defined in point (8) of Article 2(1) of Regulation (EU) No 600/2014 as it forms part of domestic law by virtue of the EUWA; or (iii) not a qualified investor as defined in Article 2 of Regulation (EU) 2017/1129 as it forms part of domestic law by virtue of the EUWA (the UK Prospectus Regulation).

PRIIPs Regulation - PROHIBITION OF SALES TO EEA RETAIL INVESTORS WITHOUT KID - The Securities are not intended to be offered, sold or otherwise made available to and should not be offered, sold or otherwise made available to any retail investor in the European Economic Area (EEA) without an updated key information document required by Regulation (EU) No 1286/2014 (as amended, the PRIIPs Regulation) for offering or selling the Securities or otherwise making them available to retail investors in the EEA. For these purposes, a retail investor means a person who is one (or more) of: (i) a retail client as defined in point (11) of Article 4(1) of MiFID II; (ii) a customer within the meaning of Directive (EU) 2016/97, as amended, where that customer would not qualify as a professional client as defined in point (10) of Article 4(1) of MiFID II; or (iii) not a qualified investor as defined in Regulation (EU) 2017/1129, as amended (the Prospectus Regulation).

FINAL TERMS DATED 2 FEBRUARY 2022

Amended and Restated on 12 April 2022, with effect from the Issue Date

Issue of up to GBP 10,000,000 Preference Share Linked Notes due April 2029

under the UK

Structured Debt Instruments Issuance Programme

By

CRÉDIT AGRICOLE CORPORATE AND INVESTMENT BANK

Legal entity identifier (LEI): 1VUV7VQFKUOQSJ21A208

PART A - CONTRACTUAL TERMS

This document constitutes the Final Terms of the Securities described herein for the purposes of the UK Prospectus Regulation and must be read in conjunction with the Base Prospectus dated 7 May 2021 and the supplement dated 15 February 2022 which together constitute a base prospectus for the purposes of the UK Prospectus Regulation (the Base Prospectus) in order to obtain all the relevant information. A summary of the issue of the Securities is annexed to these Final Terms. The Base Prospectus is available for viewing on the London Stock Exchange website (https://www.londonstockexchange.com/ ) and during normal business hours at the registered office of Crédit Agricole CIB and on its website ( www.ca-cib.com ).

 
   1       (a) Series Number:                        5424 
           (b) Type of Securities:                   Notes 
           (c) Tranche Number:                       1 
           (d) Date on which the                     Not Applicable 
            Securities become fungible: 
   2       Specified Currency:                       Pound Sterling (GBP) 
   3       Aggregate Nominal Amount: 
           (a) Series:                               Up to GBP 10,000,000 
           (b) Tranche:                              Up to GBP 10,000,000 
   4       Issue Price:                              100.00 per cent. of the Aggregate 
                                                      Nominal Amount 
   5             (a) Specified Denominations:        GBP 1,000 and integral multiples 
                                                      of GBP 1.00 in excess thereof 
                                                      up to and including GBP 1,999 
                                                      Calculation of Redemption based 
                                                      on the Specified Denomination: 
                                                      Applicable 
           (b) Minimum Trading Size:                 Applicable. The Minimum Trading 
                                                      Size is GBP 1,000 in aggregate 
                                                      nominal amount 
                 (c) Calculation Amount:             GBP 1.00 
   6             (a) Issue Date:                     Ten (10) Business Days following 
                                                      the Preference Share Underlying 
                                                      Initial Observation Date and 
                                                      scheduled to fall on 14 April 
                                                      2022 
                 (b) Trade Date(s):                  24 January 2022 
                 (c) Interest Commencement           Not Applicable 
                  Date: 
   7       Redemption Date:                          Five (5) Business Days following 
                                                      the Preference Share Underlying 
                                                      Final Observation Date and scheduled 
                                                      to fall on 10 April 2029, subject 
                                                      to the provisions of Annex 6 
                                                      (Preference Share Linked Conditions) 
                                                      and paragraph "Preference Share 
                                                      Linked Securities" of these Final 
                                                      Terms and subject to any early 
                                                      redemption date. 
   8       Type of Notes: 
                a) Interest:                         Not Applicable 
                b) Redemption:                       Preference Share Linked Security 
                                                      (Further particulars specified 
                                                      below in "PROVISIONS RELATING 
                                                      TO REDEMPTION") 
                c) U.S. Securities:                  Not Applicable 
                d) Other:                            Not Applicable 
                e) Additional U.S. Regulatory        Not Applicable 
                 Disclosure: 
                f) Partly Paid Securities            Not Applicable 
                 Provisions: 
   9       Date Board approval for                   Authorisation given by the Board 
            issuance of Securities                    of Directors of the Issuer dated 
            obtained:                                 25 March 2021 
   10      Method of distribution:                   Non-syndicated 
   11      Asset Conditions:                         Not Applicable 
 PROVISIONS RELATING TO INTEREST (IF ANY) PAYABLE 
   12        Fixed Rate Security:                    Not Applicable 
   13        Floating Rate Security:                 Not Applicable 
      14   Linked Interest Security:                 Not Applicable 
      15   Zero Coupon Security:                     Not Applicable 
 PAYOFF FEATURES (IF ANY) RELATING TO INTEREST 
      16   Payoff Features:                          Not Applicable 
 PROVISIONS RELATING TO REDEMPTION 
      17   Redemption Determination                  Not Applicable 
            Date(s): 
      18   Redemption Method: 
                a) Early Redemption Amount                 Not Applicable 
                 for the purposes of General                See the provisions of Annex 6 
                 Condition 6.2 (Early Redemption            (Preference Share Linked Conditions) 
                 Trigger Events) determined                 and paragraph "Preference Share 
                 in accordance with:                        Linked Securities" of these Final 
                                                            Terms 
                b) Final Redemption Amount                 Applicable (as specified in Condition 
                 for the purposes of General                6.1(c)) 
                 Condition 6.1 (Redemption 
                 by Instalments and Final 
                 Redemption) determined 
                 in accordance with: 
                c) Fair Market Value Redemption            Applicable, subject to the provisions 
                 Amount:                                    of Annex 6 (Preference Share 
                                                            Linked Conditions) and paragraph 
                                                            20(h) below 
                d) Hedge Amount                            Not Applicable 
                e) Fair Market Value Redemption            Not Applicable 
                 Amount Percentage: 
                f) Instalment Redemption                   Not Applicable 
                 Amount determined in accordance 
                 with: 
                g) Physical Settlement:                    Not Applicable 
                h) Clean-up Call Option                    Not Applicable 
                 (General Condition 6.7 
                 (Clean-up Call Option)): 
      19   Instalment Securities:                          Not Applicable 
        20         Preference Share Linked                 Applicable in accordance with 
                    Securities:                             Annex 6 
                  a) Preference Share:                     Broadwalk Investments Limited 
                                                            Preference Share Class: 139 
                  b) Preference Share Underlying:          EURO STOXX 50(R) Index 
                                                            FTSE 100(R) Index 
                  c) Information:                          The Terms of the Preference Share 
                                                            are available for inspection 
                                                            at the following website and/or 
                                                            address: www.documentation.ca-cib.com 
                                                            and on written request to the 
                                                            Distributor. 
                                                            The Preference Share Value will 
                                                            be published at the following 
                                                            price source: Bloomberg page 
                                                            "IDXS2185442154 <GO>" 
                  d) Redemption Date:                Five (5) Business Days following 
                                                      the Preference Share Underlying 
                                                      Final Observation Date and scheduled 
                                                      to fall on 10 April 2029 
                  e) Preference Share Underlying           3 April 2029 
                   Final Observation Date: 
                  f) Auto-call Redemption                  Five (5) Business Days following 
                   Date:                                    the relevant Preference Share 
                                                            Underlying Early Observation 
                                                            Date on which the Preference 
                                                            Share Early Redemption Event 
                                                            has occurred 
                  g) Preference Share Underlying           2 April 2024 
                   Early Observation Date:                  31 March 2025 
                                                            31 March 2026 
                                                            31 March 2027 
                                                            31 March 2028 
                  h) Fair Market Value Redemption          As specified in Preference Share 
                   Amount:                                  Linked Condition 1.4(b) 
                  i) Extraordinary Events:                 Applicable 
                  j) Additional Disruption                 Applicable 
                   Event: 
        21   Linked Redemption Security:             Not Applicable 
 PAYOFF FEATURES (IF ANY) RELATING TO REDEMPTION 
        22         Payoff Features:                  Not Applicable 
        23   PROVISIONS APPLICABLE TO THE UNDERLYING(S) IF ANY 
                   Not Applicable 
 GENERAL PROVISIONS APPLICABLE TO THE SECURITIES 
        24         (a) Form:                         Registered Form: 
                                                      Regulation S Global Security 
                                                      (GBP 10,000,000 nominal amount) 
                                                      registered in the name of a 
                                                      nominee for a common depositary 
                                                      for Euroclear and Clearstream, 
                                                      Luxembourg 
                                                      Registered Securities: 
                                                      EUI Securities: 
                                                      CREST Depositary Interest (CDI) 
             (b) Notes in New Global                 Not Applicable 
              Note form (NGN Notes) 
              or Certificates in New 
              Global Note form (NGN 
              Certificates): 
        25   Business Day Convention                 Modified Following Payment Business 
              for the purposes of "Payment            Day 
              Business Day" election 
              in accordance with General 
              Condition 5.6 (Payment 
              Business Day): 
        26   Additional Financial Centre(s):         London and New York City 
        27   Additional Business Centre(s):          Not Applicable 
        28   Talons for future Coupons               No 
              or Receipts to be attached 
              to Definitive Bearer Securities 
              and dates on which such 
              Talons mature: 
        29   Redenomination (for the                 Not Applicable 
              purposes of General Condition 
              3.1): 
        30   (a) Redemption for tax                  Not Applicable 
              reasons (General Condition 
              6.3 (Redemption for tax 
              reasons)): 
             (b) Special Tax Redemption              Not Applicable 
              (General Condition 6.4 
              (Special Tax Redemption)): 
             (c) Redemption for FATCA                Applicable 
              Withholding (General Condition 
              6.5 (Redemption for FATCA 
              Withholding)): 
             (d) Regulatory Redemption               Applicable 
              or Compulsory Resales 
              (General Condition 6.6 
              (Regulatory Redemption 
              or Compulsory Resales)): 
             (e) Events of Default                   Applicable 
              (General Condition 10 
              (Events of Default)): 
             (f) Illegality and Force                Applicable 
              Majeure (General Condition 
              19 (Illegality and Force 
              Majeure)): 
        31   Gross Up (General Condition             Not Applicable 
              8.2 (Gross Up)): 
        32   Calculation Agent:                      Crédit Agricole Corporate 
                                                      and Investment Bank 
        33   Delivery Agent (Share                   Not Applicable 
              Linked Securities subject 
              to physical delivery): 
        34   Governing Law:                          English law 
             Governing law for the                   English law 
              Guarantee: 
        35   Essential Trigger:                      Not Applicable 
        36   Business Day Convention:                Modified Following Business 
                                                      Day Convention 
   37        Benchmark Provisions: 
                  a) Relevant Benchmark:             Applicable as per the relevant 
                                                      Additional Conditions applicable 
                                                      to the Securities. 
                  b) Specified Public Source:        As per the definition in the 
                                                      Definitions Condition 
                  c) Impacted Index:                 Not Applicable 
                  d) Close of Business:              Not Applicable 
 OPERATIONAL INFORMATION 
        38   Branch of Account for                   Not Applicable 
              the purposes of General 
              Condition 5.5 (General 
              provisions applicable 
              to payments): 
 
         THIRD PARTY INFORMATION 
       Not Applicable 
 
 

Signed on behalf of the Issuer:

 
  By 
 

Duly authorised

PART B - OTHER INFORMATION

 
      1   LISTING AND ADMISSION TO TRADING 
          Listing and admission to trading:        Application is expected to 
                                                    be made by the Issuer (or on 
                                                    its behalf) for the Securities 
                                                    to be admitted to trading on 
                                                    the London Stock Exchange's 
                                                    main market with effect from 
                                                    or as soon as practicable after 
                                                    the Issue Date and to be admitted 
                                                    to the Official List of the 
                                                    London Stock Exchange. 
      2   RATINGS 
           The Securities to be issued have not been rated 
      3   INTERESTS OF NATURAL AND LEGAL PERSONS INVOLVED IN THE 
           ISSUE 
           "Save as discussed in the Base Prospectus and save for 
           any fees payable to the Dealer, and any distributor in 
           connection with the issue of Securities, 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 AND, ESTIMATED NET PROCEEDS AND TOTAL 
           EXPENSES 
          (a) Reasons for the offer:                     General corporate purposes 
                                                          - See "Use of Proceeds" wording 
                                                          in Base Prospectus 
          (b) Estimated net proceeds:              Issue Price x Aggregate Nominal 
                                                    Amount 
          (c) Estimated total expenses:            GBP 445 plus EUR 500 including 
                                                    listing costs and excluding 
                                                    regulatory fees where applicable 
      5   PERFORMANCE OF PREFERENCE SHARE UNDERLYING AND OTHER INFORMATION 
           CONCERNING THE PREFERENCE SHARE UNDERLYING 
          Preference Share Underlying:             EURO STOXX 50(R) Index 
                                                    FTSE 100(R) Index 
          Where past and future performance        The performance of the Preference 
           and volatility of the Preference         Share, and accordingly the 
           Share Underlying can be found:           Preference Share Linked Securities, 
                                                    is linked to the performance 
                                                    of the Preference Share Underlying, 
                                                    information relating to which 
                                                    can be obtained from, but not 
                                                    free of charge: 
                                                   Bloomberg Ticker: SX5E Index 
                                                    https://www.stoxx.com/index-details?symbol=sx5e 
                                                    Bloomberg Ticker: UKX Index 
                                                    https://www.ftserussell.com/products/indices/uk 
      6   DISTRIBUTION 
          (a) Method of distribution:              Non-syndicated 
          (b) If syndicated:                       Not Applicable 
          (c) If non-syndicated, name              The following Dealer is procuring 
           and address of Dealer:                   subscribers for the Securities: 
                                                    Crédit Agricole Corporate 
                                                    and Investment Bank of 12, 
                                                    Place des États-Unis, 
                                                    CS 70052, 92547 Montrouge Cedex, 
                                                    France 
          (d) Indication of the overall            The Distributor (as defined 
           amount of the underwriting               in paragraph 9 of this Part 
           commission and of the placing            B) will receive a distribution 
           commission:                              commission embedded in the 
                                                    Issue Price of the Notes equal 
                                                    to a maximum amount of 1.15% 
                                                    of the Aggregate Nominal Amount 
          (e) U.S. Selling Restrictions:           To a Permitted Transferee outside 
                                                    the United States in accordance 
                                                    with Regulation S 
 
                                                    TEFRA NOT APPLICABLE 
          (f) Public Offer where there             Applicable 
           is no exemption from the obligation 
           under the FSMA to publish 
           a prospectus: 
               Offer Period:                       From 02 February 2022 until 
                                                    31 March 2022 (included) 
               Financial intermediaries granted    (i) Mariana UFP LLP, 100 Cannon 
                specific consent to use the        Street, London EC4N 6EU (the 
                Base Prospectus in accordance      Distributor or the Initial 
                with the conditions in it:         Authorised Offeror) 
                                                   (ii) any additional financial 
                                                   intermediary appointed by the 
                                                   Issuer and whose name is published 
                                                   on the Issuer's website ( 
                                                   https://www.documentation.ca-cib.com/PublicFinalTerm?region=EU 
                                                   ) and identified as an Authorised 
                                                   Offeror in respect of the relevant 
                                                   Public Offer (each, an Additional 
                                                   Authorised Offeror) 
               General Consent:                    Applicable 
               Other Authorised Offeror Terms:     Not Applicable 
          (g) Prohibition of Sales to              Not Applicable 
           EEA Retail Investors: 
          (h) Prohibition of Sales to              Not Applicable 
           UK Retail Investors: 
          (i) U.S. Dividend Equivalent             The Securities are not subject 
           Withholding:                             to withholding under the Section 
                                                    871(m) Regulations. 
      7   OPERATIONAL INFORMATION 
          (a) ISIN Code:                           XS2185442154 
          (b) Temporary ISIN:                      Not Applicable 
  (c) Common Code:                                 218544215 
  (d) VALOREN Code:                                Not Applicable 
  (e) Other applicable security                    Not Applicable 
   identification number: 
  (f) Relevant clearing system(s)                  Euroclear UK & Ireland Limited, 
   other than Euroclear Bank                        33 Cannon Street, London EC4M 
   S.A./N.V. and Clearstream                        5SB 
   Banking, S.A. and the relevant 
   identification number(s): 
  (g) Delivery:                                    Delivery against payment 
  (h) Names and addresses of                       EUI Agent: Not Applicable 
   additional Paying Agent(s) 
   (if any): 
  (i) Securities intended to                       No 
   be held in a manner which                        Whilst the designation is specified 
   would allow Eurosystem eligibility:              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 
                                                    (and registered in the name 
                                                    of a nominee of one of the 
                                                    ICSDs acting 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. 
      8   UK Benchmarks REGULATION 
        UK Benchmarks Regulation:                        Applicable: Amounts payable 
         Article 29(2) statement on                       under the Securities are calculated 
         benchmarks:                                      by reference to a Preference 
                                                          Share which, in turn, reference 
                                                          the FTSE 100(R) Index which 
                                                          is provided by FTSE International 
                                                          Limited and the EURO STOXX 
                                                          50(R) Index which is provided 
                                                          by STOXX Limited. 
                                                          As at the date of these Final 
                                                          Terms, FTSE International Limited 
                                                          and STOXX Limited are included 
                                                          in the register of administrators 
                                                          and benchmarks established 
                                                          and maintained by the Financial 
                                                          Conduct Authority (FCA) pursuant 
                                                          to article 36 of the Benchmarks 
                                                          Regulation (Regulation (EU) 
                                                          2016/1011) as it forms part 
                                                          of domestic law by virtue of 
                                                          the EUWA (the UK Benchmarks 
                                                          Regulation). 
      9   TERMS AND CONDITIONS OF THE OFFER 
   Offer Price:                                          Issue Price 
  Conditions to which the offer                                The offer of the Notes is 
   is subject:                                                 conditional on their issue. 
                                                               The Issuer reserves the right, 
                                                               in its absolute discretion, 
                                                               to cancel the offer and the 
                                                               issue of the Notes at any 
                                                               time prior to the Issue Date. 
                                                               The Issuer shall publish a 
                                                               notice on its website 
                                                               (http://www.documentation.ca-cib.com/IssuanceProgram) 
                                                               in the event that the offer 
                                                               is cancelled and the Notes 
                                                               are not issued pursuant to 
                                                               the above. 
                                                               For the avoidance of doubt, 
                                                               if any application has been 
                                                               made by a potential investor 
                                                               and the Issuer exercises its 
                                                               right to cancel the offer, 
                                                               such potential investor shall 
                                                               not be entitled to receive 
                                                               any Notes. 
  Description of the application                               Prospective investors may 
   process:                                                    apply to subscribe for Notes 
                                                               during the Offer Period. 
                                                               The Offer Period may be shortened 
                                                               or extended at any time and 
                                                               for any reason. In such case, 
                                                               the Issuer shall give notice 
                                                               to the investors as soon as 
                                                               practicable before the end 
                                                               of the Offer Period by means 
                                                               of a notice published on its 
                                                               website 
                                                               (http://www.documentation.ca-cib.com/IssuanceProgram) 
                                                               . 
                                                               Applications for the Notes 
                                                               can be made during the Offer 
                                                               Period through the Distributor. 
                                                               The applications can be made 
                                                               in accordance with the Distributor's 
                                                               usual procedures. Prospective 
                                                               investors will not be required 
                                                               to enter into any contractual 
                                                               arrangements directly with 
                                                               the Issuer or the Dealer related 
                                                               to the subscription for the 
                                                               Notes. 
                                                               A prospective investor should 
                                                               contact the Distributor prior 
                                                               to the end of the Offer Period. 
                                                               A prospective investor will 
                                                               subscribe for Notes in accordance 
                                                               with the arrangements agreed 
                                                               with the Distributor relating 
                                                               to the subscription of securities 
                                                               generally. 
                                                               There are no pre-identified 
                                                               allotment criteria. The Distributor 
                                                               will adopt allotment criteria 
                                                               that ensure equal treatment 
                                                               of prospective investors. 
                                                               All of the Notes requested 
                                                               through the Distributor during 
                                                               the Offer Period will be as 
                                                               otherwise specified herein. 
                                                               The total amount of the securities 
                                                               offered to the public is up 
                                                               to GBP 10,000,000. 
                                                               The definitive amount of the 
                                                               offer will be published on 
                                                               the website of the Issuer 
                                                               (http://www.documentation.ca-cib.com/IssuanceProgram) 
                                                               on or around the Issue Date. 
  Description of the application                               Prospective investors may 
   process:                                                    apply to subscribe for Notes 
                                                               during the Offer Period. 
                                                               The Offer Period may be shortened 
                                                               or extended at any time and 
                                                               for any reason. In such case, 
                                                               the Issuer shall give notice 
                                                               to the investors as soon as 
                                                               practicable before the end 
                                                               of the Offer Period by means 
                                                               of a notice published on its 
                                                               website 
                                                               (http://www.documentation.ca-cib.com/IssuanceProgram) 
                                                               . 
                                                               Applications for the Notes 
                                                               can be made during the Offer 
                                                               Period through the Distributor. 
                                                               The applications can be made 
                                                               in accordance with the Distributor 
                                                               usual procedures. Prospective 
                                                               investors will not be required 
                                                               to enter into any contractual 
                                                               arrangements directly with 
                                                               the Issuer or the Dealer related 
                                                               to the subscription for the 
                                                               Notes. 
                                                               A prospective investor should 
                                                               contact the Distributor prior 
                                                               to the end of the Offer Period. 
                                                               A prospective investor will 
                                                               subscribe for Notes in accordance 
                                                               with the arrangements agreed 
                                                               with the Distributor relating 
                                                               to the subscription of securities 
                                                               generally. 
                                                               There are no pre-identified 
                                                               allotment criteria. The Distributor 
                                                               will adopt allotment criteria 
                                                               that ensure equal treatment 
                                                               of prospective investors. 
                                                               All of the Notes requested 
                                                               through the Distributor during 
                                                               the Offer Period will be as 
                                                               otherwise specified herein. 
                                                               The total amount of the securities 
                                                               offered to the public is up 
                                                               to GBP 10,000,000. 
                                                               The definitive amount of the 
                                                               offer will be published on 
                                                               the website of the Issuer 
                                                               (http://www.documentation.ca-cib.com/IssuanceProgram) 
                                                               on or around the Issue Date. 
  Details of the minimum and/or                                There is no maximum amount 
   maximum amount of the application:                           of application. 
                                                                Minimum amount of application 
                                                                is GBP 1,000. 
  Description of the possibility                         Not Applicable. 
   to reduce subscriptions and 
   manner for refunding amounts 
   paid in excess by applicants: 
  Details of the method and time                               The Notes will be available 
   limits for paying up and delivering                          on a delivery versus payment 
   the Securities:                                              basis. 
                                                                The Notes offered to investors 
                                                                will be issued on the Issue 
                                                                Date against payment by the 
                                                                Distributor, via the Dealer, 
                                                                to the Issuer of the gross 
                                                                subscription moneys. Each 
                                                                such investor will be notified 
                                                                by the Distributor of the 
                                                                settlement arrangements in 
                                                                respect of the Notes at the 
                                                                time of such investor's application. 
                                                                The Issuer estimates that 
                                                                the Notes will be delivered 
                                                                to the investor's respective 
                                                                book-entry securities account 
                                                                on or around the Issue Date. 
  Whether tranches have been                             Publication on the website 
   reserved for certain countries                        of the Issuer 
   in and date on which results                          (http://www.documentation.ca-cib.com/IssuanceProgram) 
   of the offer are to be made                           on or around the Issue Date 
   public: 
  Procedure for exercise of any                          Not Applicable 
   right of pre-emption, negotiability 
   of subscription rights and 
   treatment of subscription rights 
   not exercised: 
  Whether tranches have been                             Not Applicable 
   reserved for certain countries 
  Process for notifying applicants                       Applicants will be notified 
   of the amount allotted and                             directly by the Distributor 
   an indication whether dealing                          of the success of their application. 
   may begin before notification                          Dealing in the Notes may commence 
   is made:                                               on the Issue Date. 
  Amount of any expenses and                             Responsibility for any tax 
   taxes charged to the subscriber                        implications of investing 
   or purchaser:                                          in these Notes rests entirely 
                                                          with the subscriber or purchaser. 
                                                          For the Offer Price which 
                                                          includes the fees payable 
                                                          upfront to the Distributor 
                                                          see above "Offer Price". 
  Name(s) and address(es), to                            The Authorised Offeror(s) 
   the extent known to the Issuer,                        identified above and identifiable 
   of the placers in the United                           from the Base Prospectus 
   Kingdom: 
  Name and address of the entities                       Not Applicable 
   which have a firm commitment 
   to act as intermediaries in 
   secondary trading, providing 
   liquidity through bid and offer 
   rates and description of the 
   main terms of their commitments: 
 
 

ANNEX A - INDEX SPONSOR DISCLAIMER

FTSE 100(R) Index

The Product has been developed solely by Crédit Agricole CIB. The Product is not in any way connected to or sponsored, endorsed, sold or promoted by the London Stock Exchange Group plc and its group undertakings (collectively, the "LSE Group"). FTSE Russell is a trading name of certain of the LSE Group companies. All rights in the FTSE(R) 100 Index (the "Index") vest in the relevant LSE Group company which owns the Index. "FTSE(R)" is a trade mark of the relevant LSE Group company and is used by any other LSE Group company under license. The Index is calculated by or on behalf of FTSE International Limited or its affiliate, agent or partner. The LSE Group does not accept any liability whatsoever to any person arising out of (a) the use of, reliance on or any error in the Index or (b) investment in or operation of the Product. The LSE Group makes no claim, prediction, warranty or representation either as to the results to be obtained from the Product or the suitability of the Index for the purpose to which it is being put by Crédit Agricole CIB.

EURO STOXX 50 (R) Index

STOXX Limited, Deutsche Börse Group and their licensors, research partners or data providers have no relationship to Crédit Agricole CIB, other than the licensing of the EURO STOXX 50(R) Index and the related trademarks for use in connection with the Product.

STOXX, Deutsche Börse Group and their licensors, research partners or data providers do not:

>> sponsor, endorse, sell or promote the Product.

>> recommend that any person invest in the Product or any other securities.

>> have any responsibility or liability for or make any decisions about the timing, amount or pricing of the Product.

>> have any responsibility or liability for the administration, management or marketing of the Product.

>> consider the needs of the Product or the owners of the Product in determining, composing or calculating the EURO STOXX 50(R) Index or have any obligation to do so.

STOXX, Deutsche Börse Group and their licensors, research partners or data providers give no warranty, and exclude any liability (whether in negligence or otherwise), in connection with the Product or their performance.

STOXX does not assume any contractual relationship with the purchasers of the Product or any other third parties.

Specifically,

>> STOXX, Deutsche Börse Group and their licensors, research partners or data providers do not give any warranty, express or implied, and exclude any liability about:

ü The results to be obtained by the Product, the owner of the Product or any other person in connection with the use of the EURO STOXX 50(R) Index and the data included in the EURO STOXX 50(R) Index;

ü The accuracy, timeliness, and completeness of the EURO STOXX 50(R) Index and its data;

ü The merchantability and the fitness for a particular purpose or use of the EURO STOXX 50(R) Index and its data;

ü The performance of the Product generally.

>> STOXX, Deutsche Börse Group and their licensors, research partners or data providers give no warranty and exclude any liability, for any errors, omissions or interruptions in the EURO STOXX 50(R) Index or its data;

>> Under no circumstances will STOXX, Deutsche Börse Group or their licensors, research partners or data providers be liable (whether in negligence or otherwise) for any lost profits or indirect, punitive, special or consequential damages or losses, arising as a result of such errors, omissions or interruptions in the EURO STOXX 50(R) Index or its data or generally in relation to the Product, even in circumstances where STOXX, Deutsche Börse Group or their licensors, research partners or data providers are aware that such loss or damage may occur.

The licensing Agreement between Crédit Agricole CIB and STOXX is solely for their benefit and not for the benefit of the owners of the Product or any other third parties.

ANNEX B - ISSUE SPECIFIC SUMMARY

   1.            INTRODUCTION AND DISCLAIMERS 

Crédit Agricole Corporate and Investment Bank (Crédit Agricole CIB or the Issuer) is a limited liability company incorporated in France as a "société anonyme" with a board of directors whose registered office is located at 12, place des États-Unis, CS 70052, 92 547 Montrouge Cedex, France. The legal entity identifier (LEI) of the Issuer is 1VUV7VQFKUOQSJ21A208.

The debt securities (the Notes) issued by the Issuer are structured notes whose return depends ultimately on the performance of an index included in a basket of indices. The Notes are identified by the ISIN Code XS2185442154.

This document constitutes the Summary to the Prospectus (as defined below) (the Summary) for the purpose of Regulation (EU) 2017/1129 as it forms part of domestic law by virtue of the European Union (Withdrawal) Act 2018 (EUWA) (the UK Prospectus Regulation) and must be read in conjunction with:

- the base prospectus dated on 7 May 2021 and the supplement dated 15 February 2022 approved by the Financial Conduct Authority (the FCA), as competent authority under the UK Prospectus Regulation (the Base Prospectus) completed by

   -      the Final Terms dated 2 February 2022 (the Final Terms), 

which together constitute a prospectus for the purposes of the UK Prospectus Regulation containing the necessary information concerning the issuer and the securities offered to the public or to be admitted to trading on a regulated market (the Prospectus).

Full information on the Issuer, and the offer of the Notes is only available on the basis of the combination of the Base Prospectus and the Final Terms.

Warning to the reader

This summary should be read as an introduction to the Prospectus. Any decision to invest in the Notes should be based on a thorough review of the Prospectus as a whole, including the Base Prospectus, any documents incorporated by reference thereto, any supplement from time to time and the Final Terms, by the investor.

An investor may lose all or part of the capital invested in the Notes issued by the Issuer. Where an action relating to the information contained in the Prospectus is brought before a court, the plaintiff investor may, under national law, be required to bear the costs of translation of the Prospectus before the commencement of the legal proceedings.

Civil liability will only be sought from the persons who filed the Summary, including any translation thereof, but only if the contents of the Summary are found to be misleading, inaccurate or inconsistent when read together with other parts of the Prospectus or if it does not provide, when read together with the other parts of the Prospectus, key information to assist investors when considering investing in such Notes.

You are about to buy a product that is not simple and can be difficult to understand.

   2.            KEY INFORMATION ABOUT THE ISSUER 
   2.1          Who is the issuer of the securities? 

Crédit Agricole CIB is a limited liability company incorporated in France as a "société anonyme" (joint stock company) with a Board of Directors governed by ordinary company law, in particular the Second Book of the French Code de commerce. Its registered office is located at 12 place des États-Unis, CS 70052, 92 547 Montrouge Cedex, France. Its legal entity identifier (LEI) is 1VUV7VQFKUOQSJ21A208.

Crédit Agricole CIB is a credit institution approved in France and authorised to conduct all banking operations and provide all investment and related services referred to in the French Code monétaire et financier. In this respect, Crédit Agricole CIB is subject to oversight of the European and French responsible supervisory authorities, particularly the European Central Bank and the French Prudential and Resolution Supervisory Authority (ACPR). In its capacity as a credit institution authorised to provide investment services, Crédit Agricole CIB is subject to the French Code monétaire et financier, particularly the provisions relating to the activity and control of credit institutions and investment service providers.

   A.    Principal activities 

The principal activities of Crédit Agricole CIB are mainly:

-- Financing: The financing business combines structured financing and commercial banking in France and abroad. Banking syndication is involved in both of these activities.

-- Capital markets and investment banking: This business includes capital markets, as well as investment banking.

-- Wealth Management: The Wealth Management offers a tailored approach allowing each individual customer to manage, protect and transfer their assets in a manner which best fits their aspirations. Our teams offer expert and first class services for the management of both private and business assets.

   B.    Organisational Structure / Major shareholders 

The Issuer and the companies of the Crédit Agricole CIB Group (the Group) are directly owned by Crédit Agricole S.A., the listed entity of the Crédit Agricole S.A. group (the Crédit Agricole Group). Crédit Agricole S.A is the parent company of the Group. The Group is the corporate and investment banking arm of the Crédit Agricole Group.

   C.    Key executives 

The Chief Executive Officer of the Issuer is Jacques Ripoll.

   D.    Statutory Auditors 

The statutory auditors of Crédit Agricole CIB are PricewaterhouseCoopers Audit, 63 rue de Villiers, 92200 Neuilly sur Seine, France and Ernst & Young et Autres, 1-2, place des Saisons, 92400 Courbevoie, Paris-La-Défense, France, which both are a member of the Compagnie régionale des commissaires aux comptes de Versailles.

   2.2          What is the key financial information concerning the Issuer? 

The following tables show selected key financial information (within the meaning of Delegated Regulation (EU) 2019/979 as it forms part of domestic law by virtue of the EUWA (UK Delegated Regulation) of the Issuer for the financial years ending 31 December 2019 and 31 December 2020 and for the interim periods ended 30 June 2020 and

30 June 2021 (all figures are expressed in millions of   euros): 
   A.    Income statement for credit institutions 
 
                                        31/12/2019   30/06/2020   31/12/2020   30/06/2021 
                                         (audited)                 (audited) 
                                                                 ===========  =========== 
Net interest income (or equivalent)       2,696        1,479        3,182        1,631 
=====================================  ===========  ===========  ===========  =========== 
Net fee and commission income              839          494          939          424 
=====================================  ===========  ===========  ===========  =========== 
Net impairment loss on financial            -            -            -            - 
 assets 
=====================================  ===========  ===========  ===========  =========== 
Net trading income                        1,832        1,067        1,738         903 
=====================================  ===========  ===========  ===========  =========== 
Measure of financial performance 
 used by the issuer in the financial 
 statements such as operating 
 profit                                   2,037        1,223        2,435        1,044 
=====================================  ===========  ===========  ===========  =========== 
Net profit or loss (for consolidated 
 financial statements net profit 
 or loss attributable to equity 
 holders of the parent)                   1,572         676         1,349         793 
=====================================  ===========  ===========  ===========  =========== 
 
   B.   Balance sheet for credit institutions 
 
                                 31/12/2019     30/06/2020     31/12/2020     30/06/2021        Value as outcome 
                                                                                                  from the most 
                                                                                               recent Supervisory 
                                                                                              Review and Evaluation 
                                                                                                Process ('SREP') 
                                  (audited)                     (audited)                          (unaudited) 
                              -------------                                               ------------------------- 
Total assets                     552,743        631,396        593,890        595,835          Not Applicable 
============================  -------------  -------------  -------------  -------------  ------------------------- 
Senior debt                      57,291         51,858         42,229         46,609           Not Applicable 
============================  -------------  -------------  -------------  -------------  ------------------------- 
Subordinated debt                 4,982          4,518          4,351          4,188           Not Applicable 
============================  -------------  -------------  -------------  -------------  ------------------------- 
Loans and receivables 
 from customers 
 (net)                           143,864        153,339        142,000        147,385          Not Applicable 
============================  -------------  -------------  -------------  -------------  ------------------------- 
Deposits from customers          133,352        153,449        149,084        150,356          Not Applicable 
============================  -------------  -------------  -------------  -------------  ------------------------- 
Total equity                     22,147         22,983         22,606         25,534           Not Applicable 
============================  -------------  -------------  -------------  -------------  ------------------------- 
Non performing 
 loans (based on 
 net carrying amount)/Loans 
 and receivables)                 1.11%          1.5%           1.5%           1.4%            Not Applicable 
============================  =============  -------------  -------------  -------------  ------------------------- 
Common Equity Tier 
 1 capital (CET1) 
 ratio or other 
 relevant prudential 
 capital adequacy 
 ratio depending 
 on the issuance                  12.1%         10.99%         11.70%          11.2%                7.89% 
============================  =============  -------------  -------------  -------------  ------------------------- 
Total Capital Ratio               18.6%         17.32%          18.3%          20.1%               12.05% 
============================  =============  =============  =============  =============  ========================= 
Leverage Ratio 
 calculated under 
 applicable regulatory 
 framework                        3.56%          3.26%          3.54%          3.68%           Not Applicable 
============================  =============  =============  =============  =============  ========================= 
 
   C.    Qualifications in the audit report 

The audit reports do not contain any qualifications with respect to Crédit Agricole CIB's historical financial information.

   2.3          What are the issuer's specific risks? 

The following risks have been identified as being significant and specific to the Issuer and of a nature, should they materialise, to have a significant negative impact on its business activity, its financial position and its access to various sources of financing:

1) Credit and counterparty risks, which include the Issuer's credit risk, the Issuer's counterparty risk in connection with its market activities or the Issuer's credit risk in connection with its securitization transactions on behalf of clients;

2) Financial risks, which include liquidity risk, market risk, foreign exchange risk, risk of holding equities, issuer's risk and global interest rate risk; and

3) Operational risks and associated risks, which include fraud, human resource risks, legal and reputational risks, compliance risks, tax risks, information systems risks, providing of inappropriate financial services (conduct risk), risks of failure of business processes including credit processes, or the use of a model (model risk), as well as potential financial consequences related to the management of reputational risk.

   3.     KEY INFORMATION ON THE SECURITIES 

3.1 What are the main characteristics of securities?

   A.    General 

The Notes to be issued by the Issuer are structured Notes whose return depends on the performance of preference share class 139 issued by Broadwalk Investments Limited (the Preference Share). The Preference Share Underlying is an index included in a basket of indices comprising the FTSE 100 Index(R) (Bloomberg Ticker: UKX) and the EURO STOXX 50(R) Index (Bloomberg Ticker: SX5E). The value of the Preference Share will be published at the following price source: Bloomberg page "IDXS2185442154<GO>". The Notes will be identified by the ISIN Code XS2185442154.

The Notes are denominated in Pound Sterling (GBP) (the Specified Currency) and any redemption amount payable will be settled in the Specified Currency.

The nominal amount of the Notes offered is up to GBP 10,000,000 represented by 10,000 Notes with a notional amount of GBP 1,000 and integral multiples of GBP 1.00 in excess thereof up to and including GBP 1,999 (the Notional Amount). The issue price is 100.00% of the aggregate nominal amount of the Notes .

The minimum trading size is GBP 1,000 in aggregate nominal amount.

The Notes will be issued ten (10) Business Days following 31 March 2022 (the Preference Share Underlying Initial Observation Date) and scheduled to fall on 14 April 2022 (the Issue Date) in the form of registered securities. The maturity date of the Notes is scheduled to fall on 10 April 2029 ( the Maturity Date) subject to any early redemption date.

The Notes are governed by English law.

   B.    Ratings 

Not applicable, the Notes have not been rated.

   C.    Description of the rights, ranking and restrictions attached to the Notes 

Ranking: the Notes constitute direct and, unsubordinated obligations of the Issuer and rank and will rank pari passu among themselves and (subject to certain exceptions established by law) equally with all other unsecured obligations (other than subordinated obligations, if any) of the Issuer, present or future.

Substitution: Not Applicable

   D.    Interest: 

No periodic coupons are paid on the Notes.

   E.    Redemption: 

Early Redemption Events: the terms and conditions of the Notes provide for events triggering the early redemption of the Notes. The Notes will become due and payable upon notice to investors following the occurrence of any such early redemption event.

- If a Preference Share Early Redemption Event has occurred:

Upon the occurrence of a Preference Share Early Redemption Event, the Notes shall be redeemed at the Auto-call Redemption Amount (as defined below) five (5) Business Days following the relevant Preference Share Underlying Early Observation Date (as set out in the table below) on which the Preference Share Early Redemption Event has occurred.

 
 Period   Preference Share Underlying          Early Barrier Level 
             Early Observation Date         (expressed as a percentage 
                                         of the Preference Share Initial) 
      1          2 April 2024                        105.00% 
         ----------------------------  ---------------------------------- 
      2          31 March 2025                       100.00% 
         ----------------------------  ---------------------------------- 
      3          31 March 2026                       95.00% 
         ----------------------------  ---------------------------------- 
      4          31 March 2027                       85.00% 
         ----------------------------  ---------------------------------- 
      5          31 March 2028                       75.00% 
         ----------------------------  ---------------------------------- 
 

- If no Preference Share Early Redemption Event has occurred:

Provided that the Notes have not been early redeemed, the Notes will be redeemed at the Final Redemption Amount (as defined below) five (5) Business Days following 3 April 2029 (the Preference Share Underlying Final Observation Date) and scheduled to fall on 10 April 2029 (the Maturity Date).

Where a Preference Share Early Redemption Event will occur on any Preference Share Underlying Early Observation Date (as specified in the table above) if the closing level of each Index is greater than or equal to the relevant Early Barrier Level that corresponds to such date (as also specified in the table above).

Auto-call Redemption Amount / Final Redemption Amount:

The investor will receive a cash settlement amount per Note in the Specified Currency equal to the following Auto-call Redemption Amount / Final Redemption Amount:

Notional Amount x (Preference Share Final / Preference Share Initial)

Where:

Preference Share Final means the value of the Preference Share on either, as the case may be:

- if a Preference Share Early Redemption Event has occurred: two business days following the relevant Preference Share Underlying Early Observation Date;

- otherwise: two business days following the Preference Share Underlying Final Observation Date; and

Preference Share Initial means the value of the Preference Share on the Issue Date, being GBP 1.00.

Other redemption events:

During the life of the Notes, they may also be redeemed at their fair market value:

-- at the hand of the Issuer, following an event of illegality or an event of force majeure or for regulatory or compulsory resales; or

-- in the hand of the holders, in the event of an event of default or in the event of a FATCA withholding tax case.

The Issuer may at any time redeem Notes on the market at any price agreed with the seller(s), subject to applicable laws and regulations.

3.2 Where will the securities be traded?

The Notes are expected to be admitted to trading as soon as practicable following the Issue Date on the London Stock Exchange's main market, a UK regulated market for the purposes of Regulation (EU) No 600/2014 on markets in financial instruments as it forms part of domestic law by virtue of the EUWA.

3.3 Are the securities covered by a guarantee?

Not Applicable

3.4 What are the main risks specific to securities?

There are risk factors which are material for the purpose of assessing the risks related to the Notes, including the following:

1) The trading price of the Notes may fall in value as rapidly as it may rise and Noteholders may sustain a total loss of their investment;

2) The Notes may have no established trading market when issued, and one may never develop. If a market does develop, it may not be very liquid. Although application is expected to be made for the Notes to be admitted to trading on the London Stock Exchange's main market and to be admitted to the Official List of the London Stock Exchange, there is no assurance that the Notes will be so admitted or that an active trading market will develop. Accordingly, there is no assurance as to the development or liquidity of any trading market. Illiquidity may have an adverse effect on the market value of the Notes;

3) The implementation in France of the EU Bank Recovery and Resolution Directive could materially affect the rights of the Noteholders, the price or value of their investment in the Notes;

4) French insolvency law could have an adverse impact on Noteholders seeking repayment in the event that the Issuer, or its subsidiaries were to become insolvent and could have a material adverse effect on the market value of the Notes;

5) The risk relating to the unsecured nature of the Notes, the absence of negative pledge and debt restrictions with respect to the Issuer, all of which could have an adverse effect on the market value of the Notes;

6) The risks associated with the provisions of Regulation (EU) 2016/1011 as it forms part of domestic law by virtue of the EUWA (the UK Benchmarks Regulation), which may have an adverse effect on the performance of the Underlying or lead to its disappearance and as a consequence, could have an adverse effect on the value or liquidity of, and return on, the Notes;

7) The optional redemption feature of the Notes might negatively affect the market value of the Notes. The Noteholders may not receive the total amount of the capital invested;

8) The Auto-call Redemption Amount and the Final Redemption Amount of the Notes are dependent upon changes in the market value of the Preference Share Underlying, which could adversely affect the market value of the Notes. In addition, the Early Redemption Amount and the Final Redemption Amount may be less than the nominal amount of the Notes and the holders of Notes may lose all or part of the amount of the principal invested;

9) An investment in the Notes does not confer any legal or beneficial interest in the Preference Share or any Preference Share Underlying or any voting rights, right to receive dividends or other rights that a holder of the Preference Share or any Preference Share Underlying may have. Potential losses in value of the Notes cannot be compensated by other income; and

10) The Notes are not principal protected and investors are exposed to the performance of the Preference Share which are in turn exposed to the performance of the Preference Share Underlying; accordingly, they risk losing all or a part of their investment if the value of the Preference Share does not move in a positive direction.

4. KEY INFORMATION ON THE PUBLIC OFFER OF SECURITIES AND/OR ADMISSION TO TRADING ON A REGULATED MARKET

4.1 Under what conditions and according to what timetable can I invest in this security?

The Notes are offered for an amount of up to GBP 10,000,000.

The Notes are expected to be admitted to trading on the London Stock Exchange's main market as soon as practicable after the Issue Date and to be admitted to the Official List of the London Stock Exchange.

The Notes will be offered to eligible counterparties, professional clients and retail investors during an open period from 02 February 2022 (included) until 31 March 2022 (included) (the Offer Period) in the United Kingdom, subject to (i) the Notes being admitted to trading, if applicable, and (ii) an early closure of the Offer Period in the Issuer's sole and absolute discretion depending on market conditions, as specified below.

Prospective investors may apply to subscribe for Notes during the Offer Period in the United Kingdom. The Offer Period may be shortened or extended at any time and for any reason. In such case, the Issuer shall give notice to the investors as soon as practicable before the end of the Offer Period by means of a notice published on its website ( http://www.documentation.ca-cib.com/IssuanceProgram ).

Applications for the Notes can be made during the Offer Period through the Distributor (as defined below). The applications can be made in accordance with the Distributor's usual procedures. Prospective investors will not be required to enter into any contractual arrangements directly with the Issuer or the Dealer (as defined below) related to the subscription for the Notes.

A prospective investor will subscribe for Notes in accordance with the arrangements agreed with the Distributor relating to the subscription of securities generally.

The Notes will be available on a delivery versus payment basis. The Notes offered to investors will be issued on the Issue Date against payment by the Distributor, via the Dealer, to the Issuer of the gross subscription moneys. Each such investor will be notified by the Distributor of the settlement arrangements in respect of the Notes at the time of such investor's application.

The Issuer estimates that the Notes will be delivered to the investor's respective book-entry securities account on or around the Issue Date. Applicants will be notified directly by the Distributor of the success of their application. Dealing in the Notes may commence on the Issue Date.

If the subscription for a Note occurs after the closing of the offering, the order will be automatically cancelled and the subscription proceeds will be returned to the relevant investor in accordance with the instructions communicated to Crédit Agricole CIB at the time of the subscription request. Subscription requests for Notes will be received within the limit of the number of Notes available. Subscription orders for Notes may be reduced in the event of oversubscription and any excess proceeds will be returned by Crédit Agricole CIB to the investor.

The minimum subscription amount for the Notes must be at least equal to the Notional Amount of a Note. There is no maximum subscription amount for Notes. Securities are offered at a price corresponding to 100 per cent. of the aggregate nominal amount of the Notes.

The Distributor (as defined below) will be paid aggregate commissions equal to a maximum of 1.15 per cent. of the aggregate nominal amount of the Notes.

There is no pre-emptive right to subscribe the Notes for the benefit of any category of persons.

The final amount of the offering will be notified by the Issuer to each investor via its website ( https://www.documentation.ca-cib.com/IssuanceProgram ) on or around the Issue Date.

Estimate of the total expenses: GBP 445 plus EUR 500 including listing costs and excluding regulatory fees where applicable.

No expenses will be charged to the investors.

4.2 Who is the offeror?

(i) Crédit Agricole CIB (the Dealer) (ii) Mariana UFP LLP, 100 Cannon Street, London EC4N 6EU (the Distributor), (iii) any additional financial intermediary appointed by the Issuer and whose name is published on the Issuer's website (https://www.documentation.ca-cib.com/PublicFinalTerm?region=EU) and identified as an Authorised Offeror in respect of the relevant Public Offer, and (iv) any financial intermediary stating on its website that it uses the prospectus in accordance with the Authorised Offeror Terms set out under "Retail Cascades" in the Base Prospectus may offer the Notes.

4.3 Why is the Prospectus being prepared?

   A.    Net Proceeds and Use of Proceeds 

The estimated net proceeds from the issue of the Notes of up to GBP 10,000,000 will be used for the general financing needs of the Issuer.

   B.    Subscription Agreement : 

Not applicable: the offer is not the subject of a subscription agreement.

   C.    Conflicts of interest: 

The Issuer is also the calculation agent; as a result, conflicts of interest may exist between the calculation agent and the holders of Notes, in particular with respect to certain determinations and determinations that the calculation agent may make pursuant to the Terms and which may affect amounts due under the Notes.

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.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

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April 12, 2022 09:04 ET (13:04 GMT)

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