Obbligazione Telefonica Emisiones S.A.U 3.987% ( XS0874864860 ) in EUR

Emittente	Telefonica Emisiones S.A.U
Prezzo di mercato	100 EUR ▼
Paese	Spagna
Codice isin	XS0874864860 ( in EUR )
Tasso d'interesse	3.987% per anno ( pagato 1 volta l'anno)
Scadenza	22/01/2023 - Obbligazione è scaduto
La brochure del prospetto in formato PDF
Importo minimo	100 000 EUR
Importo totale	1 500 000 000 EUR
Descrizione dettagliata	Telefonica Emisiones S.A.U. è una società spagnola che gestisce infrastrutture di trasmissione televisiva e radiofonica. The Obbligazione issued by Telefonica Emisiones S.A.U ( Spain ) , in EUR, with the ISIN code XS0874864860, pays a coupon of 3.987% per year. The coupons are paid 1 time per year and the Obbligazione maturity is 22/01/2023

FINAL TERMS
MIFID II PRODUCT GOVERNANCE / PROFESSIONAL INVESTORS AND ELIGIBLE
COUNTERPARTIES ONLY TARGET MARKET Solely for the purposes of each manufacturer's product
approval process, the target market assessment in respect of the Instruments has led to the conclusion that: (i) the
target market for the Instruments is eligible counterparties and professional clients only, each defined in Directive
2014/65/EU (as amended, "MiFID II") and (ii) all channels for distribution of the Instruments to eligible
counterparties and professional clients are appropriate. Any person subsequently offering, selling or
recommending the Instruments (a "distributor") should take into consideration the manufacturers' target market
assessment; however, a distributor subject to MiFID II is responsible for undertaking its own target market
assessment in respect of the Instruments (by either adopting or refining the manufacturers' target market
assessment) and determining appropriate distribution channels.
Final Terms dated 9 November 2018
TELEFÓNICA EMISIONES, S.A.U.
Issue of EUR 1,500,000,000 3.987 per cent. Instruments due January 2023
Unconditionally and Irrevocably Guaranteed by TELEFÓNICA, S.A.
under the EUR 40,000,000,000 Programme for the Issuance of Debt Instruments
PART A CONTRACTUAL TERMS
Terms used herein shall be deemed to be defined as such for the purposes of the 2012 Conditions (the
"Conditions") incorporated by reference in the Base Prospectus dated 19 June 2018. This document constitutes
the Final Terms relating to the issue of Instruments described herein for the purposes of the Prospectus Directive
and must be read in conjunction with the Base Prospectus dated 19 June 2018 and supplements to it dated 26 July
2018 and 31 October 2018 which together constitute a base prospectus (the "Base Prospectus") for the purposes
the Prospectus Directive, save in respect of the Conditions which are set forth in the base prospectus dated 12
June 2012 and are incorporated by reference in the Base Prospectus.
The expression "Prospectus Directive" means Directive 2003/71/EC (and amendments thereto, including the
2010 PD Amending Directive and the expression "2010 PD Amending Directive" means Directive 2010/73/EU
provided, however, that all references in this document to the "Prospectus Directive" in relation to any Member
State of the European Economic Area refer to Directive 2003/71/EC (and amendments thereto, including the 2010
PD Amending Directive), and include any relevant implementing measure in the relevant Member State.
Full information on the Issuer, the Guarantor and the offer of the Instruments is only available on the basis of the
combination of these Final Terms and the Base Prospectus dated 19 June 2018 and supplements to it dated 26
July 2018 and 31 October 2018. The Base Prospectus and the supplements to it are available for viewing at
www.telefonica.com and copies may be obtained from Gran Vía, 28, 28013 Madrid (being the registered office
of the Issuer), at the offices of The Bank of New York Mellon, London Branch at One Canada Square, London
E14 5AL and at the offices of The Bank of New York Mellon SA/NV, Luxembourg Branch at Vertigo Building
Polaris, 2-4 rue Eugène Ruppert, L-2453 Luxembourg.

1.
(i)
Issuer:
Telefónica Emisiones, S.A.U.

(ii)
Guarantor:
Telefónica, S.A.
2.
(i)
Series Number:
37

(ii)
Tranche Number:
1

(iii)
Date on which the Instruments Not Applicable
become fungible:
3.
Specified Currency or Currencies:
Euro ("EUR")

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4.
Aggregate Nominal Amount:

(i)
Series:
EUR 1,500,000,000

(ii)
Tranche:
EUR 1,500,000,000
5.
Issue Price:
100 per cent. of the Aggregate Nominal Amount
6.
(i)
Specified Denominations:
EUR 100,000 and integral multiples of EUR 100,000
thereafter

(ii)
Calculation Amount:
EUR 100,000
7.
(i)
Issue Date:
22 January 2013

(ii)
Interest Commencement Date:
Issue Date
8.
Maturity Date:
23 January 2023
9.
Interest Basis:
3.987 per cent. Fixed Rate

(See paragraph 14 below)
10.
Redemption/Payment Basis:
Redemption at par
11.
Change of Interest or Redemption/Payment
Not Applicable
Basis:
12.
Put/Call Options:
Put Option: Not Applicable

Call Option: Not Applicable
13.
(i)
Status of the Instruments:
Senior

(ii)
Status of the Guarantee:
Senior

(iii)
Date Board approval for issuance of Not Applicable
Instruments obtained:
PROVISIONS RELATING TO INTEREST (IF ANY) PAYABLE
14.
Fixed Rate Instrument Provisions
Applicable

(i)
Rate of Interest:
3.987 per cent. per annum payable annually in arrear

(ii)
Interest Payment Date(s):
23 January in each year. There will be a long first
Interest Period from and including, the Interest
Commencement Date to, but excluding, 23 January
2014

(iii)
Fixed Coupon Amount:
EUR 3,987 per Calculation Amount

(iv)
Broken Amount:
EUR 3,998 per Calculation Amount, payable on the
Interest Payment Date falling on 23 January 2014

(v)
Day Count Fraction:
Actual/Actual (ICMA)

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15.
Floating Rate Instrument Provisions
Not Applicable
PROVISIONS RELATING TO REDEMPTION
16.
Call Option
Not Applicable
17.
Put Option
Not Applicable
18.
Final Redemption Amount of each
EUR 100,000 per Calculation Amount
Instrument
19.
Early Redemption Amount

Early Redemption Amount(s) per
Not Applicable
Calculation Amount payable on redemption
for taxation reasons or on event of default or
other early redemption:
20.
Early Termination Amount
Not Applicable
21.
Substantial Purchase Event
Not Applicable
22.
Residual Maturity Call Option
Not Applicable
GENERAL PROVISIONS APPLICABLE TO THE INSTRUMENTS
23.
Form of Instruments:
Bearer Instruments:

Temporary Global Instrument exchangeable for a
Permanent Global Instrument which is exchangeable
for Definitive Instruments in the limited
circumstances specified in the Permanent Global
Instrument
24.
New Global Instrument:
Yes
25.
Relevant Financial Centre(s) or other
Not Applicable
special provisions relating to payment dates:
26.
Talons for future Coupons or Receipts to be
No
attached to Definitive Instruments (and
dates on which such Talons mature):
27.
Details relating to Instalment Instruments:
Not Applicable
amount of each instalment, date on which
each payment is to be made:
28.
Redenomination, renominalisation and
Not Applicable
reconventioning provisions:
29.
Instruments where the Specified Currency is
Not Applicable
Renminbi: Party responsible for calculating
the Spot Rate:
30.
Commissioner:
Javier Campillo Diaz

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SIGNED on behalf of
TELEFÓNICA EMISIONES, S.A.U.:

By: ...........................................................................
Duly authorised
SIGNED on behalf of
TELEFÓNICA, S.A.:

By: ...........................................................................
Duly authorised

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PART B OTHER INFORMATION
1.
LISTING

(i)
Admission to trading
Application has been made by the issuer (or on its behalf)
for the instruments to be admitted to trading on Euronext
Dublin's Main Securities Market with effect from the
business day following date of Final Terms.

(ii)
Estimate of total expenses related EUR 1,000
to admission to trading:
2.
RATINGS

Ratings:
The Instruments to be issued have been rated:

Standard & Poor's Credit Market Services France SAS:
BBB (Negative Outlook)

Moody's Investors Service España, S.A.: Baa2
(Negative Outlook)

Fitch Ratings Limited: BBB+ (Negative Outlook)

Each of S&P, Moody's and Fitch is established in the
EEA and registered under Regulation (EU) No
1060/2009, as amended.
3.
INTERESTS OF NATURAL AND LEGAL PERSONS INVOLVED IN THE ISSUE/OFFER

Save as discussed in "Subscription and Sale", so far as the Issuer is aware, no person involved in the
offer of the Instruments has an interest material to the offer.
4.
REASONS FOR THE OFFER

Not Applicable
5.
YIELD

Indication of yield:
3.987 per cent. per annum
The yield is calculated at the Issue Date on the
basis of the Issue Price. It is not an indication of
future yield.
6.
OPERATIONAL INFORMATION

ISIN:
XS0874864860

Common Code:
087486486

CFI:
Not Applicable

FISN:
Not Applicable

Any clearing system(s) other than Euroclear Bank Not Applicable
SA/NV and Clearstream Banking, S.A. and the
relevant identification number(s):

Delivery:
Delivery against payment

Names and addresses of initial Paying Agent:
The Bank of New York Mellon

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Names and addresses of additional Paying Agent: Not Applicable
7.
DISTRIBUTION

(i)
US Selling Restrictions
Reg. S Compliance Category 2; TEFRA D

(ii)
Prohibition of Sales to EEA Retail
Not Applicable

Investors

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