Obligation Telefónica S.A. 3.661% ( XS0540187894 ) en EUR

Telefónica S.A.

100 % ⇌

Espagne

XS0540187894 ( en EUR )

3.661% par an ( paiement annuel )

18/09/2017 - Obligation échue

Prospectus brochure de l'obligation Telefonica SA XS0540187894 en EUR 3.661%, échue

50 000 EUR

1 000 000 000 EUR

Telefonica SA est une multinationale espagnole des télécommunications offrant des services fixes, mobiles et à large bande dans plusieurs pays d'Europe et d'Amérique latine.

L'Obligation émise par Telefónica S.A. ( Espagne ) , en EUR, avec le code ISIN XS0540187894, paye un coupon de 3.661% par an.
Le paiement des coupons est annuel et la maturité de l'Obligation est le 18/09/2017

Final Terms dated 8 September 2010

TELEFÓNICA EMISIONES S.A.U.
Issue of EUR 1,000,000,000 3.661% Instruments due 18 September 2017
Guaranteed by TELEFÓNICA, S.A.
under the EUR 40,000,000,000 Debt Issuance Programme
PART A CONTRACTUAL TERMS
Terms used herein shall be deemed to be defined as such for the purposes of the Conditions
(the "Conditions") set forth on pages 22 to 50, inclusive, of the Base Prospectus dated 23
June 2010 and the supplemental Base Prospectus dated 26 August 2010 which together
constitute a base prospectus (the "Base Prospectus") for the purposes of the Prospectus
Directive (Directive 2003/71/EC) (the "Prospectus Directive"). This document constitutes
the Final Terms of the Instruments described herein for the purposes of Article 5.4 of the
Prospectus Directive. These Final Terms contain the final terms of the Instruments and must
be read in conjunction with such Base Prospectus as so supplemented.
Full information on the Issuer, the Guarantor and the offer of the Instruments described
herein is only available on the basis of the combination of these Final Terms and the Base
Prospectus as so supplemented. The Base Prospectus and the supplemental Base Prospectus
are available for viewing at www.telefonica.es 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 (Luxembourg), S.A. 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:
24

(ii)
Tranche Number:
1
3.
Specified Currency or Currencies:
Euro ("EUR")
4.
Aggregate Nominal Amount:
EUR 1,000,000,000

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

(ii)
Tranche:
EUR 1,000,000,000
5.
Issue Price:
100 per cent. of the Aggregate Nominal Amount
6.
(i)
Specified Denominations:
EUR 50,000 and integral multiples of EUR
50,000 thereafter
1

(ii)
Calculation Amount:
EUR 50,000
7.
(i)
Issue Date:
16 September 2010

(ii)
Interest Commencement Date:
Issue Date
8.
Maturity Date:
18 September 2017
9.
Interest Basis:
3.661 per cent. Fixed Rate

(further particulars specified below)
10. Redemption/Payment Basis:
Redemption at par
11. Change of Interest or
Not Applicable
Redemption/Payment Basis:
12. Put/Call Options:
Not Applicable
13. (i)
Status of the Instruments:
Senior

(ii)
Status of the Guarantee:
Senior
14. Method of distribution:
Syndicated
PROVISIONS RELATING TO INTEREST (IF ANY) PAYABLE
15. Fixed Rate Instrument Provisions
Applicable

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

(ii)
Interest Payment Dates:
18 September in each year from and including
18 September 2011 to and including the Maturity
Date. There will be a long first coupon from (and
including) the Issue Date to the Interest Payment
Date falling on 18 September 2011

(iii)
Fixed Coupon Amount:
EUR 1,830.50 per Calculation Amount payable
on each Interest Payment Date except the first
Interest Payment Date falling on 18 September
2011

(iv)
Broken Amount:
EUR 1,840.53 per Calculation Amount, payable
on the Interest Payment Date falling on 18
September 2011

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

(vi)
Other terms relating to the method Not Applicable
of calculating interest for Fixed
Rate Instruments:
2

16. Floating Rate Instrument Provisions
Not Applicable
17. Index-Linked Interest
Not Applicable
Instrument/other variable-linked
interest Instrument Provisions
18. Dual Currency Instrument Provisions
Not Applicable
PROVISIONS RELATING TO REDEMPTION
19. Call Option
Not Applicable
20. Put Option
Not Applicable
21. Final Redemption Amount of each
EUR 50,000 per Calculation Amount
Instrument
22. Early Redemption Amount
Not Applicable

Early
Redemption
Amount(s)
per
Calculation
Amount
payable
on
redemption for taxation reasons or on
event of default or other early redemption
and/or the method of calculating the same
(if required or if different from that set
out in the Conditions):
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. Additional Financial Centre(s) or other
Not Applicable
special provisions relating to payment
dates:
26. Talons for future Coupons or Receipts to No
be attached to Definitive Instruments (and
dates on which such Talons mature):
27. Details
relating
to
Partly
Paid Not Applicable
Instruments: amount of each payment
comprising the Issue Price and date on
which each payment is to be made:
3

28. Details relating to Instalment Instruments: Not Applicable
amount of each instalment, date on which
each payment is to be made:
29. Redenomination, renominalisation and
Not Applicable
reconventioning provisions:
30. Consolidation provisions:
The provisions in Condition 15 ( Further Issues)
apply
31. Other final terms:
Not Applicable
DISTRIBUTION
32. (i)
If syndicated, names of Managers: Joint Lead Managers

BNP Paribas
Banco Santander, S.A.
Citigroup Global Markets Limited
Mitsubishi UFJ Securities International plc

Co-Lead Managers
Banco Español de Crédito, S.A.
Bayerische Landesbank
Caja de Ahorros y Pensiones de Barcelona
Mediobanca Banca di Credito Finanziario
S.p.A.
Mizuho International plc
SMBC Capital Markets Limited
UniCredit Bank AG

(ii)
Stabilising Manager(s) (if any):
BNP Paribas
33. If non-syndicated, name of Dealer:
Not Applicable
34. U.S. Selling Restrictions:
Reg. S Compliance Category 2, TEFRA D
35. Additional selling restrictions:
Not Applicable
36. Commissioner:
Eduardo Álvarez Gómez
4

PURPOSE OF FINAL TERMS
These Final Terms comprise the final terms required for issue and admission to trading on the
Regulated Market of the London Stock Exchange of the Instruments described herein
pursuant to the EUR 40,000,000,000 Debt Issuance Programme of Telefónica Emisiones
S.A.U.
RESPONSIBILITY
The Issuer and the Guarantor accept responsibility for the information contained in these
Final Terms.
Signed on behalf of Telefónica Emisiones S.A.U.:

By:
................................................
Duly authorised
Signed on behalf of Telefónica, S.A.:

By:
................................................
Duly authorised
5

PART B OTHER INFORMATION
1.
LISTING

(i)
Admission to trading
Application will be made by the Issuer
(or on its behalf) for the Instruments to
be admitted to trading on the Regulated
Market of the London Stock Exchange
with effect from 16 September 2010

(ii)
Estimate of total expenses related GBP 4,000
to admission to trading:
2.
RATINGS

Ratings:
The Instruments to be issued have been
rated:

S & P: A- (Negative)

Moody's: Baa1 (Stable)

Fitch: A- (Stable)
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

The net proceeds of the issue of each Tranche of Instruments will be applied by the
Issuer to meet part of its general financing requirements.
5.
Fixed Rate Instruments only YIELD

Indication of yield:
3.661 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.
PERFORMANCE OF INDEX/FORMULA/OTHER VARIABLE AND OTHER
INFORMATION CONCERNING THE UNDERLYING

Not Applicable
7.
PERFORMANCE OF RATE[S] OF EXCHANGE

Not Applicable
8.
OPERATIONAL INFORMATION
6

ISIN Code:
XS0540187894

Common Code:
054018789
Any clearing system(s) other than Euroclear Bank Not Applicable
S.A./N.V. and Clearstream Banking, société
anonyme and the relevant identification
number(s):
Delivery:
Delivery against payment
Names and addresses of initial Paying Agent(s):
The Bank of New York Mellon
Names and addresses of additional Paying
Not Applicable
Agent(s) (if any):
Intended to be held in a manner which would
Yes
allow Eurosystem eligibility:

Note that the designation "yes" simply
means that the Instruments are intended
upon issue to be deposited with one of
the ICSDs as common safekeeper and
does not necessarily mean that the
Instruments will be recognized 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.

7