Obligation Repsol 5.375% ( XS1352121724 ) en EUR

Repsol

100 % ⇌

Espagne

XS1352121724 ( en EUR )

5.375% par an ( paiement annuel )

26/01/2031

Prospectus brochure de l'obligation Repsol XS1352121724 en EUR 5.375%, échéance 26/01/2031

100 000 EUR

100 000 000 EUR

27/01/2025 ( Dans 257 jours )

L'Obligation émise par Repsol ( Espagne ) , en EUR, avec le code ISIN XS1352121724, paye un coupon de 5.375% par an.
Le paiement des coupons est annuel et la maturité de l'Obligation est le 26/01/2031

Final Terms dated 25 January 2016
REPSOL INTERNATIONAL FINANCE B.V.
Issue of 100,000,000 5.375 per cent. Guaranteed Notes due 27 January 2031
Guaranteed by Repsol, S.A.
under the Euro 10,000,000,000 Euro Medium Term Note Programme
PART A CONTRACTUAL TERMS

Terms used herein shall be deemed to be defined as such for the purposes of the Conditions set
forth in the base prospectus dated 22 September 2015 and the Supplement dated 30 November
2015 to the Base Prospectus dated 22 September 2015 which together constitute a base
prospectus (the Base Prospectus) for the purposes of Directive 2003/71/EC, as amended (the
Prospectus Directive). This document constitutes the Final Terms of the Notes described herein
for the purposes of Article 5.4 of the Prospectus Directive and must be read in conjunction with
such Base Prospectus. Full information on the Issuer, the Guarantor and the offer of the Notes is
only available on the basis of the combination of these Final Terms and the Base Prospectus. The
Base Prospectus has been published on http://www.repsol.com/es_en/corporacion/accionistas-
inversores/informacion-financiera/financiacion/repsol-international-finance/programa-emision-
continua.aspx and is available for viewing on the website of the Luxembourg Stock Exchange at
www.bourse.lu.

1.
(a)
Series Number:
16
(b)
Tranche Number:
1
(c)
Date on which Notes Not Applicable
become fungible:
2.
Specified Currency or Currencies:
Euro ()
3.
Aggregate Nominal Amount:

(a)
Series:
100,000,000
(b)
Tranche:
100,000,000
4.
Issue Price:

5.
(a) Specified Denomination:
100,000 and integral multiples of 100,000
(b) Calculation Amount
100,000
6.
(a) Issue Date:
27 January 2016
(b) Interest Commencement Issue Date
Date
7.
Maturity Date:
27 January 2031
8.
Interest Basis:
5.375 per cent. Fixed Rate
9.
Redemption/Payment Basis:
Subject to any purchase and cancellation or early
redemption, the Notes will be redeemed on the

SPA2374644/5 103066-0042
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Maturity Date at 100 per cent. of their nominal
amount
10.
Change of Interest or
Not Applicable
Redemption/Payment Basis:
11.
Put/Call Options:
Change of Control Put Option

(See paragraph 18 below)
12.
Date approval for issuance of Notes 30 April 2015 and 20 January 2016, respectively
obtained:

PROVISIONS RELATING TO INTEREST (IF ANY) PAYABLE
13.
Fixed Rate Note Provisions
Applicable
(a)
Rate of Interest:
5.375 per cent. per annum payable annually in
arrear on each Interest Payment Date
(b)
Interest Payment Date(s):
27 January in each year, commencing on 27
January 2017
(c)
Fixed Coupon Amount:
5,375 per Calculation Amount
(d)
Broken Amount(s):
Not Applicable
(e)
Day Count Fraction:
Actual/Actual (ICMA)
14.
Floating Rate Note Provisions
Not Applicable
15.
Zero Coupon Note Provisions
Not Applicable
PROVISIONS RELATING TO REDEMPTION
16.
Call Option
Not Applicable
17.
Put Option
Not Applicable
18.
Change of Control Put Option
Applicable
(a)
Optional
Redemption 5 business days after expiration of Put Period
Date(s):

19.
Final Redemption Amount of 100,000 per Calculation Amount
each Note
20.
Early Redemption Amount

Early
Redemption
Amount(s) 100,000 per Calculation Amount
payable on redemption for taxation
reasons or on event of default or
other early redemption:
GENERAL PROVISIONS APPLICABLE TO THE NOTES
21.
Form of Notes:
Bearer Notes

SPA2374644/5 103066-0042
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Temporary Global Note exchangeable for a
Permanent Global Note which is exchangeable for
Definitive Notes in the limited circumstances
specified in the Permanent Global Note
22.
New Global Note:
Yes
23.
Financial Centre(s):
TARGET2
24.
Talons for future Coupons or No
Receipts to be attached to Definitive
Notes (and dates on which such
Talons mature):
25.
Details relating to Instalment Notes: Not Applicable

THIRD PARTY INFORMATION

Not Applicable.

Signed on behalf of Repsol International Finance B.V.:

By:

Duly authorised

By:

Duly authorised

Signed on behalf of Repsol, S.A.:

By:

Duly authorised

SPA2374644/5 103066-0042
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PART B OTHER INFORMATION

1.
LISTING AND ADMISSION TO
TRADING

(a)
Admission to trading:
Application is expected to be made by the Issuer
(or on its behalf) for the Notes to be admitted to
trading on the regulated market of the Luxembourg
Stock Exchange with effect from 27 January 2016
or as soon as possible thereafter.
(b)
Estimate of total expenses 7,300
related to admission to
trading:
2.
RATINGS

Ratings:
Not Applicable
3.
INTERESTS OF NATURAL AND LEGAL PERSONS INVOLVED IN THE ISSUE
Save for any fees payable to the Managers, so far as the Issuer is aware, no person
involved in the issue/offer of the Notes has an interest material to the offer. The Managers
and their affiliates have engaged, and may in the future engage, in investment banking
and/or commercial banking transactions with, and may perform other services for, the
Issuer, the Guarantor and any of their affiliates in the ordinary course of business for
which they may receive fees.
4.
YIELD

Indication of yield:
5.750 per cent.
The yield is calculated at the Issue Date on the
basis of the Issue Price. It is not an indication of
future yield.
5.
OPERATIONAL INFORMATION

(a)
ISIN:
XS1352121724
(b)
Common Code:
135212172
(c)
Any
clearing
system(s) Not Applicable
other than Euroclear and
Clearstream, Luxembourg,
the relevant addresses and
the identification number(s):
(d)
Intended to be held in a Yes. Note that the designation "yes" simply means
manner which would al ow that the Notes are intended on issue to be
Eurosystem eligibility:
deposited with one of the ICSDs as common
safekeeper and does not necessarily mean that the
Notes wil be recognised as eligible col ateral for
Eurosystem monetary policy and intra day credit
operations by the Eurosystem either upon issue or
at any or all times during their life. Such recognition
will depend upon the ECB being satisfied that
Eurosystem eligibility criteria have been met.

SPA2374644/5 103066-0042
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(e)
Delivery:
Delivery against payment
(f)
Names and addresses of Not Applicable
additional Paying Agent(s)
(if any):

6.
DISTRIBUTION

(a)
Method of distribution:
Non-Syndicated
(b)
If syndicated:

(A) Names of Managers:
Not Applicable

(B)Stabilisation

Manager(s) (if any)
Not Applicable
(c)
If non-syndicated, name
Banco Bilbao Vizcaya Argentaria, S.A.

of Dealer:
(d)
US Selling Restrictions:
Reg. S Compliance Category 2 / TEFRA D

SPA2374644/5 103066-0042
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