Obligation Iberdrola Capital S.A. 1.25% ( XS1682538183 ) en EUR

Iberdrola Capital S.A.

100 % ▲

Espagne

XS1682538183 ( en EUR )

1.25% par an ( paiement annuel )

13/09/2027 - Obligation échue

Prospectus brochure de l'obligation Iberdrola Finanzas S.A XS1682538183 en EUR 1.25%, échue

Iberdrola Finanzas S.A. est une filiale d'Iberdrola, principalement dédiée au financement des activités du groupe énergétique espagnol.

L'obligation Iberdrola Finanzas S.A. (XS1682538183), émise en Espagne et libellée en EUR, avec un taux d'intérêt de 1,25% et une maturité initialement fixée au 13/09/2027, a été remboursée à son échéance à 100% de sa valeur nominale.

FINAL TERMS
PROHIBITION OF SALES TO EEA RETAIL INVESTORS The Notes are not intended, from 1
January 2018, to be offered, sold or otherwise made available to and, with effect from such date,
should not be offered, sold or otherwise made available to any retail investor in the European
Economic Area (EEA). For these purposes, a retail investor means a person who is one (or more) of:
(i) a retail client as defined in point (11) of Article 4(1) of Directive 2014/65/EU (MiFID II); (ii) a
customer within the meaning of Directive 2002/92/EC (the Insurance Mediation Directive), where that
customer would not qualify as a professional client as defined in point (10) of Article 4(1) of MiFID II;
or (iii) not a qualified investor as defined in the Prospectus Directive. Consequently, no key
information document required by Regulation (EU) No 1286/2014 (the PRIIPs Regulation) for offering
or selling the Notes or otherwise making them available to retail investors in the EEA has been
prepared and therefore offering or selling the Notes or otherwise making them available to any retail
investor in the EEA may be unlawful under the PRIIPs Regulation.
Final Terms dated 11 September 2017
Iberdrola Finanzas, S.A.U.
(incorporated with limited liability in the Kingdom of Spain)
Issue of
EUR 750,000,000 1.250% Green Bonds due 13 September 2027
Guaranteed by
Iberdrola, S.A.
Under the EUR 20,000,000,000
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 Terms and Conditions of
Notes issued by Iberdrola Finanzas, S.A.U. set forth in the Base Prospectus dated 28 July 2017 (the Base
Prospectus). 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 and the Final Terms have
been published on the website of the Luxembourg Stock Exchange at www.bourse.lu. and are available for
viewing at the registered office of the Issuer at Plaza Euskadi 5, 48009 Bilbao, Spain, and of the Fiscal Agent
at The Bank of New York Mellon, London Branch, One Canada Square, London E14 5AL, United Kingdom
and copies may be obtained from the Fiscal Agent at its aforementioned registered address.

1.
(i)
Series Number:
120
(ii)
Tranche Number:
1
(iii)
Date on which the Notes will be Not Applicable
consolidated and form a single
Series:
2.
Specified Currency or Currencies:
Euro ()

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3.
Aggregate Nominal Amount admitted to 750,000,000
trading:
4.
Issue Price:
99.052 per cent. of the Aggregate Nominal
Amount.
5.
Specified Denominations:
100,000 and integral multiples of 100,000
thereafter
6.
(i)
Issue Date:
13 September 2017
(ii)
Interest Commencement Date:
Issue Date
7.
Maturity Date:
13 September 2027
8.
Interest Basis:
1.250% (see item 12 below)
9.
Change of Interest Basis:
Not Applicable
10.
Put/Call Options:
Issuer Call
(see paragraph 15 below)
Change of Control Put Option

(see paragraph 17 below)

Residual Maturity Call Option
(see paragraph 18 below)
Substantial Purchase Event
(see paragraph 19 below)
11.
Date Board approval for issuance of Notes 5 September 2017
obtained:
PROVISIONS RELATING TO INTEREST (IF ANY) PAYABLE
12.
Fixed Rate Note Provisions
Applicable
(i)
Rate of Interest:
1.250 per cent. per annum

payable in arrear on each Interest Payment Date
(ii)
Interest Payment Date(s):
13 September in each year commencing on 13
September 2018 up to and including the Maturity
Date.
(iii)
Fixed Coupon Amount(s):
1,250 per Specified Denomination
(iv)
Broken Amount(s):
Not Applicable
(Applicable to Notes in definitive
form)

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(v)
Day Count Fraction:
Actual/Actual(ICMA)
(vi)
Determination Dates:
13 September in each year
13.
Floating Rate Note Provisions
Not Applicable
14.
Zero Coupon Note Provisions
Not Applicable
PROVISIONS RELATING TO REDEMPTION
15.
Call Option
Applicable
(i)
Optional Redemption Date(s):
As per Conditions
(ii)
Optional Redemption Amount(s) of Make-Whole Amount
each Note:
(iii)
Make-whole Amount:
Applicable
(a)
Reference Note:
Not Applicable
(b)
Discount Rate:
0.20 per cent.
(c)
Make-whole
Exemption Not Applicable

Period:
(iv)
If redeemable in part:

(a)
Minimum
Redemption Not Applicable

Amount:
(b)
Maximum
Redemption Not Applicable

Amount:
(v)
Notice periods:
As per Conditions
16.
Put Option
Not Applicable
17.
Change of Control Put:
Applicable
(i)
Optional Redemption Amount:
As per Conditions
(ii)
Notice periods:
As per Conditions
18.
Residual Maturity Call Option
Applicable
19.
Substantial Purchase Event
Applicable
20.
Final Redemption Amount
100,000 per 100,000 in nominal amount
21.
Early Redemption Amount

Early Redemption Amount(s) payable on
redemption for taxation reasons or on Event
of Default and/or the method of calculating

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the same (if required or if different from that
set out in Condition 6):
As per Conditions
GENERAL PROVISIONS APPLICABLE TO THE NOTES
22.
(a)
Form of Notes:
Bearer Notes:

Temporary Global Note exchangeable for a
Permanent Global Note exchangeable for
Definitive Notes in the limited circumstances
specified in the Permanent Global Note.
(b)
New Global Note:
Yes
23.
Financial Centre(s) or other special TARGET2 Business Days
provisions relating to Payment Dates:
24.
Talons for future Coupons to be attached to No
Definitive Notes:
25.
Consolidation provisions:
Not Applicable

Signed on behalf of the Issuer:
Signed on behalf of the Guarantor:
By:
................................................................
By:
.................................................................
Duly authorised
Duly authorised

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PART B OTHER INFORMATION

1.
LISTING
AND
ADMISSION
TO
TRADING
(i)
Admission to trading:
Application has been made for the Notes to be
admitted to trading on the Regulated Market of the
Luxembourg Stock Exchange with effect from 13
September 2017.
(ii)
Estimate of total expenses related to 7,200
admission to trading:
2.
RATINGS

Ratings:
The Notes to be issued have been rated:
Standard & Poor's Rating Services, a division of
the McGraw Hill Companies, Inc. (S&P): BBB+
(stable)
Moody's Investor Service Limited
(Moody's): Baa1 (positive)
Fitch Ratings Limited (Fitch): BBB+ (stable)

S&P, Moody's and Fitch are established in the

European Union and are registered under
Regulation (EC) No. 1060/2009 (as amended). As
such, each of S&P, Moody's and Fitch is included
in the list of credit rating agencies published by the
European Securities and Markets Authority on its
website in accordance with such Regulation
(http://www.esma.europa.eu/page/List-registered-
and-certified-CRAs).
3.
INTERESTS OF NATURAL AND LEGAL PERSONS INVOLVED IN THE ISSUE
So far as the Issuer is aware and save for the fees paid to the Managers, no person involved in the
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 and the Guarantor and their
affiliates in the ordinary course of business. For the purpose of this paragraph the term "affiliates"
includes also parent companies.

4.
YIELD

Indication of yield:
1.352% per. cent (annual)
5.
OPERATIONAL INFORMATION

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ISIN Code:
XS1682538183
Common Code:
168253818
Any clearing system(s) other than Euroclear Not Applicable
and Clearstream Luxembourg and the
relevant identification number(s):

Names and addresses of additional Paying Not Applicable
Agent(s) (if any):
Intended to be held in a manner which Yes
would allow Eurosystem eligibility:
Note that the designation "yes" simply means that
the Notes are intended upon issue to be deposited
with one of the International Central Securities
Depositaries (ICSDs), being Euroclear and
Clearstream, Luxembourg, as common safekeeper
and does not necessarily mean that the Notes will
be recognised as eligible collateral 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.
6.
DISTRIBUTION

(a)
Method of distribution:
Syndicated
(b)
If syndicated, names of Managers:
CaixaBank, S.A.

Commerzbank Aktiengesellschaft

J.P. Morgan Securities plc
Merrill Lynch International
Mizuho International plc
Natixis
RBC Europe Limited
(c)
Date of Agreement:
11 September 2017
(d)
Stabilisation Manager(s) (if any):
Not Applicable
(e)
U.S. Selling Restrictions:
Reg. S Compliance Category 2; TEFRA D

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