NATIXIS // 2021 Universal Registration Document

6 INDIVIDUAL FINANCIAL STATEMENTS AT DECEMBER 31, 2021 Individual financial statements and notes

Subordinated debt Note 19

(in millions of euros)

2020

2021

4,076

3,676

Dated subordinated debt

Subordinated notes Subordinated loans

226

726

3,850 2,344

2,950 2,108

Perpetual subordinated debt

Participating loans Subordinated notes Subordinated loans Accrued interest

1,466

2,108

878

23

26

6,443

5,810

Debt representing 10% of the total amount of subordinated debt

Rate and duration

Condition of subor dination (next higher rank)

Rate after first redemption date

before first redemption date

Liabilities convertible into equity Non convertible Non convertible

Date of issuance

Maturity

Amount of issuance

Frequency of coupon

2020

date Currency

2021

€STR + 133 bp €STR + 156 bp

€STR + 133 bp 900,000,000.00 €STR + 156 bp 900,000,000.00

14/06/2021 14/06/2031 EUR 900,000,000 Quarterly

0.00

SNP

13/12/2021 14/03/2033 EUR 900,000,000 Quarterly

0.00

SNP

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 compensationand 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 2021