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Download Euro Commercial Paper Programme INFORMATION MEMORANDUM 14 January 2020 INTESA SANPAOLO BANK IRELAND p.l.c. INTESA SANPAOLO BANK LUXEMBOURG, SOCIÉTÉ ANONYME (each an Issuer and together, the Issuers) Name of the Programme Intesa Sanpaolo Bank Ireland p.l.c. and Intesa Sanpaolo Bank Luxembourg, société anonyme Guaranteed Euro-Commercial Paper and Certificate of Deposit Programme Type of the Programme Multi-Issuer Global Guaranteed Euro-Commercial Paper and Certificate of Deposit Programme Maximum Amount of the €30,000,000,000 Programme Guarantor Intesa Sanpaolo S.p.A. Rating(s) Rated Moody's Investors Service Limited (Moody's) S&P Global Ratings Europe Limited (S&P) Fitch Ratings (Fitch) DBRS Ratings GmbH (DBRS) Arrangers Intesa Sanpaolo Bank Ireland p.l.c. Intesa Sanpaolo S.p.A. Issuing and Paying Agent The Bank of New York Mellon Dealers Barclays BofA Securities Citigroup Credit Suisse Goldman Sachs International ING Intesa Sanpaolo S.p.A. NatWest Markets N.V. NatWest Markets Plc UBS Investment Bank Listing: Irish Stock Exchange plc trading as Euronext Dublin (Euronext Dublin) Date of signature of the 14 January 2020 Information Memorandum 0050829-0000280 RM:6500201.14 1 CERTAIN DEFINITIONS The Guarantor is the surviving entity from the merger between Banca Intesa S.p.A. and Sanpaolo IMI S.p.A., which was completed with effect from 1 January 2007. Pursuant to the merger, Sanpaolo IMI S.p.A. merged by incorporation into Banca Intesa S.p.A. which, upon completion of the merger, changed its name to Intesa Sanpaolo S.p.A. Accordingly, in this Information Memorandum: (a) references to the Guarantor and to Intesa Sanpaolo are to Intesa Sanpaolo S.p.A. in respect of the period since 1 January 2007 and references to the Intesa Sanpaolo Group or the Group are to the Guarantor and its subsidiaries in respect of the same period; (b) references to Banca Intesa or Intesa are to Banca Intesa S.p.A. in respect of the period prior to 1 January 2007 and references to the Banca Intesa Group are to Banca Intesa and its subsidiaries in respect of the same period; and (c) references to Sanpaolo IMI are to Sanpaolo IMI S.p.A. in respect of the period from 1 January 2007 and references to Sanpaolo IMI Group are to Sanpaolo IMI and its subsidiaries in respect of the same period. 0050829-0000280 RM:6500201.14 2 TABLE OF CONTENTS CERTAIN DEFINITIONS ................................................................................................................................. 2 IMPORTANT NOTICE ..................................................................................................................................... 4 DOCUMENTS INCORPORATED BY REFERENCE ..................................................................................... 8 DESCRIPTION OF THE PROGRAMME ....................................................................................................... 10 DESCRIPTION OF INTESA SANPAOLO BANK IRELAND P.L.C............................................................ 19 DESCRIPTION OF INTESA SANPAOLO BANK LUXEMBOURG, SOCIÉTÉ ANONYME ................... 23 DESCRIPTION OF THE GUARANTOR ....................................................................................................... 28 REGULATORY SECTION ............................................................................................................................. 45 RISK FACTORS .............................................................................................................................................. 56 GENERAL INFORMATION........................................................................................................................... 71 CERTIFICATION OF INFORMATION OF INTESA SANPAOLO BANK IRELAND P.L.C. ................... 73 CERTIFICATION OF INFORMATION OF INTESA SANPAOLO BANK LUXEMBOURG, SOCIÉTÉ ANONYME ....................................................................................................................... 74 CERTIFICATION OF INFORMATION OF THE GUARANTOR ................................................................ 75 INFORMATION CONCERNING THE ISSUERS' REQUEST FOR THE STEP LABEL ............................ 76 FORM OF MULTI CURRENCY GLOBAL NOTE ....................................................................................... 77 FORM OF MULTI CURRENCY GLOBAL NOTE WHICH IS A NEW GLOBAL NOTE .......................... 97 FORM OF DEFINITIVE MULTI CURRENCY NOTE................................................................................ 117 FORM OF MULTI CURRENCY GLOBAL CERTIFICATE OF DEPOSIT ............................................... 136 FORM OF MULTI CURRENCY GLOBAL CERTIFICATE OF DEPOSIT WHICH IS A NEW GLOBAL NOTE ............................................................................................................................... 155 FORM OF DEFINITIVE MULTI CURRENCY CERTIFICATE OF DEPOSIT ......................................... 175 FORM OF CONTRACTUAL TERMS .......................................................................................................... 195 FORM OF GUARANTEE FOR THE INSTRUMENTS ............................................................................... 199 SELLING RESTRICTIONS .......................................................................................................................... 202 0050829-0000280 RM:6500201.14 3 IMPORTANT NOTICE This Information Memorandum (together with any supplementary information memorandum and information incorporated herein by reference, the Information Memorandum) replaces and supersedes the information memorandum originally dated 3 July 2017. This Information Memorandum contains summary information provided by INTESA SANPAOLO BANK IRELAND p.l.c. and INTESA SANPAOLO BANK LUXEMBOURG, société anonyme (formerly Société Européenne de Banque, société anonyme) (each an Issuer and together, the Issuers) and INTESA SANPAOLO S.p.A. (the Guarantor) in connection with a guaranteed euro-commercial paper and certificate of deposit programme (the Programme) under which the Issuers may issue and have outstanding at any time euro-commercial paper notes (the Notes) and/or certificates of deposit (the Certificates of Deposit or CDs and, together with the Notes, the Instruments) up to a maximum aggregate amount of €30,000,000,000 or its equivalent in alternative currencies. Under the Programme, the Issuers may issue Instruments outside the United States pursuant to Regulation S (Regulation S) of the United States Securities Act of 1933, as amended (the Securities Act). The Issuers and the Guarantor have, pursuant to a dealership agreement (such dealership agreement as modified and/or supplemented and/or restated from time to time, the Dealership Agreement) dated 14 January 2020, appointed Bank of America Merrill Lynch International DAC, Barclays Bank Ireland PLC, Barclays Bank PLC, Citigroup Global Markets Europe AG, Citigroup Global Markets Limited, Credit Suisse Securities (Europe) Limited, Credit Suisse Securities Sociedad de Valores S.A., Goldman Sachs International, ING Bank N.V., Intesa Sanpaolo S.p.A., NatWest Markets N.V., NatWest Markets Plc and UBS AG London Branch as dealers for the Instruments (the Dealers) and authorised and requested the Dealers to circulate the Information Memorandum in connection with the Programme on their behalf to purchasers or potential purchasers of the Instruments. The Instruments will have the benefit of a guarantee by the Guarantor (the Guarantee), the terms of which are contained in the Deed Polls in respect of the Notes and Certificates of Deposit respectively dated 9 March 2011. The text of the Guarantee is reproduced under the section headed "Form of the Guarantee for the Instruments". This Information Memorandum comprises listing particulars for the purposes of the application to The Irish Stock Exchange plc trading as Euronext Dublin (Euronext Dublin) and has been approved by Euronext Dublin. The approval by Euronext Dublin relates only to Instruments that are admitted to the official list of Euronext Dublin (the Official List) and to trading on its regulated market. Application has been made to Euronext Dublin for Instruments to be admitted to the Official List and to trading on Euronext Dublin's regulated market. The Programme provides that Instruments may be listed or admitted to trading, as the case may be, on such other or further stock exchange(s) or markets as may be agreed between the relevant Issuer, the Guarantor and the relevant Dealer. References in this Information Memorandum to the Instruments being listed shall be construed accordingly. Each Issuer may also issue unlisted Instruments and/or Instruments not admitted to trading on any market. This Programme has been submitted to the STEP Secretariat in order to apply for the STEP label. The status of STEP compliance of this Programme can be checked on the STEP Market website (www.stepmarket.org). Each of the Issuers and the Guarantor have confirmed to the Dealers that the information contained or incorporated by reference in the Information Memorandum is true and accurate in all material respects and not misleading and that there are no other facts the omission of which makes the Information Memorandum as a whole or any such information contained or incorporated by reference therein misleading. Neither the Issuers, the Guarantor nor the Dealers accept any responsibility, express or implied, for updating the Information Memorandum and neither the delivery of the Information Memorandum nor any offer or sale made on the basis of the information in
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