NATIXIS -2020 Universal Registration Document

5 FINANCIAL DATA

Parent company financial statements and notes

Subordinated debt Note 19

(in millions of euros)

2019

2020

Dated subordinated debt

3,676

3,326

726

726

Subordinated notes Subordinated loans

2,950 2,108

2,600 2,201

Undated subordinated debt

Participating loans Subordinated notes Subordinated loans Accrued interest

2,108

2,201

26

27

5,810

5,554

Debt representing 10% of the total amount of subordinated debt

Rate and duration

Rate after first redemption date No redemption

Condition of subordination (next higher rank)

before first redemption date

Liabilities convertible into equity

Amount of issuance

Frequency of coupon

Date of issuance

Maturity date

Cur- rency

2019

2020

Euribor 3M+2%

Non- convertible

Unsecured creditors

27/06/2014 27/06/2026 EUR 900,000,000 Quarterly

clause 900,000,000.00 900,000,000.00

No redemption

Euribor 3M +230 bp

Non- convertible

Unsecured creditors

29/07/2015 29/07/2027 EUR 1,000,000,000 Quarterly

clause 1,000,000,000.00 1,000,000,000.00

Redeemable subordinated debt Redeemable subordinated debt issued by Natixis includes medium- or long-term loans or securities equivalent to ordinary subordinated debt. They are redeemable before the contractual maturity date in the event of liquidation of the issuer, and rank after other creditors but before holders of the super subordinated notes. Following approval by the banking supervisory authority and at the initiative of the issuing company, redeemablesubordinateddebt may be subject to early redemption through repurchasing on the stock market, or over the counter in the case of private debt, as of a date set in the issue notice or purchase agreement or in the event of changes to current tax and regulatory rules. In all cases, these redemptions are subject to the approval of the banking supervisory authorities.

Perpetual deeply subordinated notes Natixis issued perpetual deeply subordinated notes which offer unit-holders fixed rate or variable rate income and which may be redeemed at the end of a set period and then at each coupon anniversary date. In the event of non-redemption at the end of this period, for some of these issues, a variable coupon indexed to the Euribor or Libor will be paid. The contractual conditions of deeply subordinated notes state that the issuer may suspend (in whole or in part) the payment of interest, as non-paid coupons are not deferred. Due to the existence of a loss-absorption clause, the nominal value of the securities may be reduced in the event of regulatory capital inadequacy to serve as a new basis for determining coupon amounts. The original nominal value may however be reconstituted under certain conditions. In the event of the liquidation of Natixis and regardless of any reduction to the securities’ original nominal value, unit-holders will bear their securities at their original nominal value.

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NATIXIS UNIVERSAL REGISTRATION DOCUMENT 2020