This was a fun little bike. These U-Folders were immensely popular in Europe. I’ve seen similar bicycles dating back to the 60s. This particular one appears be either an 1984 or 1985 model based on the Peugeot catalogs and hub date stamp.
An interesting thing of note: these were most likely not made by Peugeot at all. The bottom bracket on this has a serial number stamped on it that is nothing like any of the other Peugeots of its time and it also had a Made in Italy sticker.