Amundi : Communique AMF CP. CP24944293

PROHIBITION OF SALES TO UK RETAIL INVESTORS - 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). 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 Commission Delegated Regulation (EU) No 2017/565 (as amended) as it forms part of domestic law by virtue of the European Union (Withdrawal) Act 2018 (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 (as amended), 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 amended) 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 amended) as it forms part of domestic law by virtue of the EUWA. Consequently no key information document required by Regulation (EU) No 1286/2014 (as amended) as it forms part of domestic law by virtue of the EUWA (the UK PRIIPs Regulation) for offering or selling the Securities or otherwise making them available to retail investors in the UK has been prepared and therefore offering or selling the Securities or otherwise making them available to any retail investor in the UK may be unlawful under the UK PRIIPs Regulation.

MiFID II Product Governance / Retail investors, professional investors and eligible counterparties 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 categories referred to in item 18 of the Guidelines published by ESMA has led to the conclusion that: (i) the target market for the Securities is eligible counterparties, professional clients and retail clients, each as defined in MiFID II; (ii) all channels for distribution to eligible counterparties and professional clients are appropriate; and (iii) the following channels for distribution of the Securities to retail clients are appropriate - investment advice, portfolio management,and pure execution services, subject to the distributor's suitability and appropriateness obligations under MiFID II, as applicable.

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, subject to the distributor's suitability and appropriateness obligations under MiFID II, as applicable.

UK MIFIR product governance / Retail investors, professional investors and eligible counterparties 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 categories referred to in item 18 of the Guidelines published by the ESMA on 5 February 2018 (in accordance with the FCA's policy statement entitled "Brexit our approach to EU non-legislative materials"), has led to the conclusion that: (i) the target market for the Securities is retail clients, as defined in point (8) of Article 2 of Commission Delegated Regulation (EU) No 2017/565 (as amended) 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); (ii) all channels for distribution to eligible counterparties and professional clients are appropriate; and (iii) the following channels for distribution of the Securities to retail clients are appropriate - investment advice, portfolio management,and pure execution services, subject to the distributor's suitability and appropriateness obligations under COBS, as applicable.

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, subject to the distributor's suitability and appropriateness obligations under COBS, as applicable

FINAL TERMS DATED 22 DECEMBER 2023

Amundi

Legal Entity Identifier (LEI): 96950010FL2T1TJKR531

Issue of EUR 30,000,000 of Certificates Express Aktienanleihe Voestalpine AG 2024-2029 Anlageprodukt

ohne Kapitalschutz

by Amundi

under the Euro 10,000,000,000 Notes and Certificates Programme

The Base Prospectus referred to below (as supplemented by these Final Terms) has been prepared on the assumption that, other than as provided in sub-paragraph (ii) above, any offering of Certificates in any member state of the European Economic Area (each a Member State) shall be made pursuant to an exemption from the requirement to publish a prospectus for offers of Certificates, in accordance with the Prospectus Regulation. Accordingly, any person offering or intending to offer Certificates may only do so:

1. in circumstances under which neither the Issuer nor any Dealer is under any obligation to publish a prospectus pursuant to article 3 of the Prospectus Regulation or a supplemental prospectus in accordance with article 23 of the Prospectus Regulation; or
2. in a Non-Exempt Offer Jurisdiction as referred to in paragraph 32 of Part A below, provided that such person is one of the persons referred to in paragraph 32 of Part A below and that such offer is made during the Offer Period specified for such purpose in such same paragraph.

Neither the Issuer nor any Dealer has authorised or authorises the offering of any Certificates in any other circumstances.

The expression Prospectus Regulation means the Regulation (EU) 2017/1129 of the European Parliament and the Council dated 14 June 2017 as amended.

PART A - CONTRACTUAL TERMS

Terms used in these Final Terms shall have the meaning given to them in the chapter headed "Terms and Conditions of the Certificates" of the base prospectus dated 11 July 2023 and the first supplement to the Base Prospectus dated 4 August 2023, the second supplement to the Base Prospectus dated 26 September 2023 and the third supplement to the Base Prospectus dated 13 November 2023 which together constitute a base prospectus (the Base Prospectus) as defined in the Regulation (EU) 2017/1129 of the European Parliament and the Council dated 14 June 2017 as amended (the Prospectus Regulation).

This document constitutes the Final Terms of the Certificates described herein for the purposes of the Prospectus Regulation and must be read in conjunction with the Base Prospectus, as supplemented, in order to obtain all the relevant information. Copies of the Base Prospectus, as supplemented, shall be published, in accordance with article 21 of the Prospectus Regulation and are available on the websites of (a) the AMF (www.amf-france.org)and (b) the Issuer (www.amundi.com). A summary of the issue is appended to these Final Terms and includes the information contained in the summary of the Base Prospectus and relevant information on the Final Terms.

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1.	(i)	Issuer:
2.	(i)	Series N°:

1. 1. Tranche N°:
   2. Date on which the Certificates become fungible:
2. Specified Currency: Replacement Currency:
3. Aggregate Nominal Amount:
4. Issue Price:
5. (i) Calculation Amount:
6. (i) Issue Date:
7. 1. Trade Date:
   2. Interest Period Commencement Date:
8. Maturity Date:
9. Interest Basis:
10. Coupon Switch Option:
11. Redemption/Payment Basis:
12. Issuer/Holders redemption option:
13. Authorised Issue Date:
14. Placement method:
15. Hybrid Certificates:
16. Exercise of Certificates:

Amundi 43 1

Not Applicable

Euro ("EUR")

U.S. dollar

EUR 30,000,000

EUR 1,000 per Certificate

EUR 1,000

5 January 2024

5 December 2023

13 February 2024

13 February 2029

Share Linked Coupon

Not Applicable

Share Linked Redemption

Not Applicable

Issuer Board of Directors Resolution dated 27 April 2023

Non-syndicated

Not Applicable

Not Applicable

TERMS RELATING TO INTEREST (IF ANY) PAYABLE

17.	Fixed Rate Certificates:	Not Applicable
18.	Floating Rate Certificates and Rate Linked	Not Applicable
	Certificates:
19.	Change of Interest Basis:	Not Applicable
20.	Zero Coupon Certificates	Not Applicable

21. Underlying Reference Linked Interest Applicable Certificates other than Rate Linked Certificates

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1. TERMS RELATING TO THE UNDERLYING REFERENCE

(1)	Share Linked Interest	Applicable
	Certificates
(i)	Type of Certificates:	Single Share Linked Interest Certificates
(ii)	Share Company:	Voestalpine AG
(iii)	Share:	Voestalpine AG
		ISIN Code: AT0000937503
		(Code Reuters : VOES.VI)
(iv)	Exchange:	Vienna Stock Exchange
(v)	Related Exchanges:	All Exchanges
(vi)	Party responsible for calculation	Calculation Agent
	of the Interest Amount:
(vii)	Valuation Time:	In accordance with Section 1.1.VI of Part 3
(viii)	Specified Maximum Days of	Eight (8)
	Disruption:
(ix)	Exchange Business Day:	Single Share Basis
(x)	Scheduled Trading Day:	Single Share Basis
(xi)	Additional Disruption Event:	Change in Law / Hedging Disruption / Increased
		Cost of Hedging apply
(xii)	Extraordinary Events:	Change in Listing/Listing Suspension apply
(xiii)	Correction Deadline:	within a Settlement Cycle following the original
		publication and before the relevant Interest
		Determination Date
(xiv)	Weighting for each Share	Not Applicable
	comprised in the Basket:
(2)	Index Linked Interest	Not Applicable
	Certificates
(3)	Fund Linked Interest	Not Applicable
	Certificates
(4)	Inflation Linked Interest	Not Applicable
	Certificates
(5)	Foreign Exchange Linked	Not Applicable
	Interest Certificates

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(6)	Commodity Linked Interest	Not Applicable
	Certificates

1. DETERMINATION OF THE INITIAL VALUE OF THE UNDERLYING REFERENCE

(i)	Initial Determination Date:	13 February 2024
∙	Observation Dates in respect of	13 February 2024
	the Initial Determination Date:
(ii)	Initial Value:	Determined in accordance with Value Determination
		Terms set forth below
(iii)	Value Determination Terms for	Reference Value
	the Initial Value:

(Section 2.2 of Part 3 of the Conditions)

1. DETERMINATION OF THE FINAL VALUE OF THE UNDERLYING REFERENCE

(i)	Value Determination Terms for	Reference Value
	the Final Value on each Interest
	Determination Date:
(Section 2.2 of Part 3 of the Conditions)
∙	Observation Date(s) in respect of	See table below
	each Interest Determination Date:

1. DETERMINATION OF PERFORMANCE

(i)	Performance:	Not Applicable
(ii)	Cap:	Not Applicable
(iii)	Floor:	Not Applicable

1. INTEREST TERMS:

I	Fixed Coupon:			Not Applicable
II	Participation Linked Interest:		Not Applicable
III	Provisions	relating	to	Barrier	Applicable
	Conditional Interest:
	(1)	Barrier Conditional Coupon:		Applicable
	(i)	Performance Condition:		Not Applicable
	(ii)	Final Value Condition:		Applicable
	∙	The Coupon Amount is payable if	greater than or equal to the Coupon Barrier
		the Final Value of the Underlying

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Reference on the relevant Interest

Determination Date is:

• Coupon Barrier:

		Interest
		Determination Date
		/
		Observation Date in	Coupon Barrier
		respect of each
		Interest
		Determination Date
		28 January 2025	100% of the Initial Value
		28 January 2026	90% of the Initial Value
		28 January 2027	80% of the Initial Value
		27 January 2028	70% of the Initial Value
		26 January 2029	60 % of the Initial Value
∙
Coupon Amount:	Coupon Rate x Calculation Amount

• Coupon Rate:

Interest	Coupon Rate
Determination Date
28 January 2025	8%
28 January 2026	16%
28 January 2027	24%
27 January 2028	32%
26 January 2029	40%

∙		Additional Barrier Conditional	Not Applicable
		Coupon:
(iii)	Interest Determination Dates:	See table above
(iv)		Interest Payment Dates:	13 February 2025, 13 February 2026, 15 February
			2027, 14 February 2028 and 13 February 2029
(v)		Business Day Convention:	Following Business Day Convention
(2)	Memory Barrier Conditional Coupon:	Not Applicable
(3)	Lock-In Barrier Conditional Coupon:	Not Applicable
(4)		Memory Lock-In Barrier Conditional	Not Applicable

Coupon:

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	(5)	Single	Final	Barrier Conditional	Not Applicable
	Coupon:
	(6)	Single	Final	Memory Barrier	Not Applicable
	Conditional Coupon:
	(7)	Single Final Lock-In Barrier	Not Applicable
	Conditional Coupon:
	(8)	Single Final Memory Lock-In Barrier	Not Applicable
	Conditional Coupon:
	(9) Single Final Double Barrier Conditional	Not Applicable
	Coupon:
TERMS RELATING TO REDEMPTION
22.	Redemption at the Option of the Issuer	Not Applicable
23.	Redemption at the Option of the Holders	Not Applicable

24. Final Redemption Amount on each Underlying Reference Linked Final Redemption

	Certificate	Amount if no Automatic Early Redemption Event
		has occurred on the Automatic Early Redemption
		Determination Date.
		Physical Settlement
25.	Underlying Reference Linked Redemption	Applicable
	Amount Certificates

1. TERMS RELATING TO THE UNDERLYING REFERENCE

(1)	Share Linked Redemption Amount:	Applicable
	(i)	Type of Certificates:	Single Share Linked Certificates
	(ii)	Share Company:	Voestalpine AG
	(iii)	Share:	Voestalpine AG
			ISIN Code: AT0000937503
			(Code Reuters : VOES.VI)
	(iv)	Exchange:	Vienna Stock Exchange
	(v)	Related Exchanges:	All Exchanges Applicable
	(vi)	Physical Settlement:	- Physical Settlement Condition: is deemed to occur
			if the Final Value of the Underlying Reference is less

than the Final Redemption Barrier Value on the Final Redemption Amount Determination Date.

- Entitlement in relation to each Certificate: A number of deliverable shares (Number of

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					Deliverable Shares) equal to the Calculation
					Amount divided by the Initial Value.
					The Number of Deliverable Shares will be rounded
					to the next lower integer number of the Relevant
					Share and an amount in Euros (Fractional Share
					Amount) equal to the non-deliverable fraction of the
					Calculation Amount multiplied by the Final Value.
					Certificates will not be aggregated for the purpose of
					physical settlement.
					- Relevant Share: Voestalpine AG - ISIN Code:
					AT0000937503
					- Settlement Business Day: Maturity Date
					- Share Amount: Number of Deliverable Shares
	(vii)	Party responsible for calculation	Calculation Agent
		of the Redemption Amount:
	(viii)	Valuation Time:			In accordance with Section 1.1.VI of Part 3
	(ix)	Specified Maximum Days of	Eight (8)
		Disruption:
	(x)	Exchange Business Day		Single Share Basis
	(xi)	Scheduled Trading Day		Single Share Basis
	(xii)	Additional Disruption Events:	Change in Law, Hedging Disruption and Increased
					Cost of Hedging apply
	(xiii)	Extraordinary Events		Change in Listing/Listing Suspension apply
	(xiv)	Correction Deadline:		within a Settlement Cycle following the original
					publication and before the Maturity Date, or if
					applicable before the Automatic Early Redemption
					Date
	(xv)	Weighting for each Share		Not Applicable
		comprised in the Basket:
(2)	Index Linked Redemption Amount:		Not Applicable
(3)	Fund Linked Redemption Amount:		Not Applicable
(4)	Inflation Linked Redemption Amount:	Not Applicable
(5)	Foreign	Exchange	Rate	Linked	Not Applicable
	Redemption Amount:
(6)	Commodity Linked Redemption Amount:	Not Applicable
	(7) Credit Linked Certificates:		Not Applicable

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1. Dynamic Linked Redemption Certificates: Not Applicable

1. TERMS RELATING TO FINAL REDEMPTION

DETERMINATION OF THE INITIAL VALUE OF THE UNDERLYING REFERENCE

(i)	Initial Determination Date:	13 February 2024
∙	Observation Dates for Initial	13 February 2024
	Determination Date:
(ii)	Initial Value:	Determined in accordance with Value Determination
		Terms set forth below
(iii)	Value Determination Terms for	Reference Value
	the Initial Value:

(Section 2.2 of Part 3 of the Conditions)

DETERMINATION OF THE FINAL VALUE OF THE UNDERLYING REFERENCE

(i)	Value Determination Terms for	Reference Value
	the Final Value in respect of any
	Redemption Amount
	Determination Date:

(Section 2.2 of Part 3 of the Conditions)

• Observation Dates for any 26 January 2029
  RedemptionAmount Determination Date:

DETERMINATION OF THE PERFORMANCE:

(i)	Performance:	Not Applicable
(ii)	Cap:	Not Applicable
(iii)	Floor:	Not Applicable

DETERMINATION OF THE FINAL REDEMPTION AMOUNT:

1. Terms relating to Indexed Final Not Applicable
   Redemption Amount

1. Terms relating to Barrier Final Applicable
   Redemption Amount

(1)	Barrier Final Redemption:	Applicable
(i)	Performance Condition:	Not Applicable

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(ii)	Final Value Condition:	Applicable
∙	The	Final	Redemption
	Amount shall be:
	-	if the Final Value of the	less than the Final Redemption Barrier Value:
		Underlying	Reference
		is:
				Number of Deliverable Shares + Fractional Share
				Amount
	-	In all other cases:	Redemption Rate x Calculation Amount
∙	Final Redemption Barrier Value:	60% of the Initial Value
(iii)	Participation Rate:		Not Applicable
(iv)	Redemption Rate:		100%
(v)	Final Redemption Amount	26 January 2029
	Determination Date:
(vi)	Business Day Convention:	Following Business Day Convention
(2)	Barrier Final Redemption 2:	Not Applicable
(3)	Amortizing Barrier Final		Not Applicable
	Redemption:
(4)	Airbag Barrier Final Redemption:	Not Applicable
(5)	Dual Barrier Final Redemption 1:	Not Applicable
(6)	Dual Barrier Final Redemption 2:	Not Applicable
(7)	Dual Barrier Final Redemption 3:	Not Applicable

1. Twin Win Barrier Final Redemption: Not Applicable

26.	Redemption Amount Switch Option	Not Applicable
27.	Automatic Early Redemption Event:	Applicable
	DETERMINATION OF THE INITIAL VALUE OF THE UNDERLYING REFERENCE:
	(i)	Initial Determination Date:	13 Februrary 2024
	∙	Observation Dates for Initial	13 Februrary 2024
		Determination Dates:
	(ii)	Initial Value:	Determined in accordance with Value Determination
			Terms set forth below
	(iii)	Value Determination Terms for	Reference Value
		the Initial Value:

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