Obligation Amadues 1.875% ( XS2236363573 ) en EUR

Amadues

100 % ▲

Espagne

XS2236363573 ( en EUR )

1.875% par an ( paiement annuel )

24/09/2028 - Obligation échue

Prospectus brochure de l'obligation Amadeus XS2236363573 en EUR 1.875%, échue

Amadeus est une société multinationale fournissant des solutions technologiques pour l'industrie du voyage, incluant des systèmes de réservation, de gestion et de distribution pour les compagnies aériennes, les hôtels et les autres acteurs du secteur.

L'Obligation émise par Amadues ( Espagne ) , en EUR, avec le code ISIN XS2236363573, paye un coupon de 1.875% par an.
Le paiement des coupons est annuel et la maturité de l'Obligation est le 24/09/2028

BASE PROSPECTUS

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EUR 5,0 ,0 ,0
Euro Medium Term Note Program e
_ _ _ _ _ _ _ _ _ _ _ _ _
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ThEueunr Iosapteu rdLi h. maWitshe bdr,e Fnr Trancteh dBesraonf c2h Nao(ntSde saB arde ar- adtees&d, pcsPotucoivhr 'eslat)yi. ,nbTyg ra Mwinlco hbeds yo'pfse FNrcifotaendsc ie n sStuAhed r (uMelndovearn dtyhe'Fi s)Pnaralon gdr TeaSm&Ps. e Gmloaby aleRratiendg sor
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This Base Prospectus iavilabe for inspection athe website ofthe Luxembourg Stock Exchange (w w.bourse.lu)

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4 Augst 20

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TABLE OF CONTENTS
Page
IMPORTANT NOTICES . . . . . . . . . . . . . . . . . . . . . . 4
OVERVIEW OF THE PROGRAM E . . . . . . . . . . . . . . . . . . 10
RISK FACTORS . . . . . . . . . . . . . . . . . . . . . . . . 15
GLOSARY . . . . . . . . . . . . . . . . . . . . . . . . . 37
INFORMATION I CORPORATED BY REFRENCE . . . . . . . . . . . . . 40
FINAL TERMS AND RAWDOWN PROSPECTUSE . . . . . . . . . . . . . 43
FORMS OF THE NOTES . . . . . . . . . . . . . . . . . . . . . 4
TERMS AND CONDITONS OF THE NOTES . . . . . . . . . . . . . . . . 48
FORM OF INAL TERMS . . . . . . . . . . . . . . . . . . . . . 80
USE OF PROCEDS . . . . . . . . . . . . . . . . . . . . . . . 91
SUM ARY OF PROVISONS RELATING TO THE NOTES WHILE INGLOBAL FORM . . . 92
DESCRIPTION OF THE ISUER . . . . . . . . . . . . . . . . . . . 94
DESCRIPTION OF THE GROUP . . . . . . . . . . . . . . . . . . . 97
TAXATION . . . . . . . . . . . . . . . . . . . . . . . . . 10
SUBSCRIPTION AND SALE . . . . . . . . . . . . . . . . . . . . 15
G ENRAL INFORMATION . . . . . . . . . . . . . . . . . . . . 12

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IMPORTANT NOTICES
Responsiblty for this Base Prospectus
TFhaien aIBdoa lsf sTuse neyr uPcr maFho isiscn.enpaTpfeloc ortts uehrmsa remstiaso bpnc eoi. ostn m sinplfbatletcheydo rkfobdnrya t nwhtclehe e diwgnapitfpholi rctmhaaehtbl feieaoIncs Fitcn uoaenl nr,td aTiethnre dmnisBf) ao msrthemia askPer Bs oasnnpso ece ooPtnurmis ao(isinpeo dcnrtleiuisnskp aehlcy tind toBao fnasyfne feyac PprtNol tsichtpaeeb si,tlemuhpis ort
Final Terms/Drawdown Prospectus
EaCctohearn dTsmi dste ras(oncchsrieb hoeeFf dit(a nhsuaenl dNedToferti rnse"m"dFi n)a(thloe rrT iiCnenr o) ams osdeifaptNnaod rntaDtsere)a apwrswocildso bopmewencp tlPuirstso usdp eebdcy tifouascne d ttohsce" u tsmbelcrmohn wTs . rpaencti hfoeu c(tt hoheesr uDcinrha uTwrndadeocr wh"n TceParrlomssd pefacintdusl )
Other elvant iformation
TihnFfsio NnrBboamaientl sTtotfnsogeie hr wroPnmrshempisiorawitec,sich cpsoifmee.nisurct e bdtsehou rsioeba nr egsm iurdudbessejabtpnedetc y ciftabrfineoiefdf ed rd acea i ondnDor trsc ihatearndewuhde rdeneor ectilwtioonfeivna gastd nPeitrtnrhduonFse,r e tipidnnewhae lcrtrtoteuhlgTsel, aeerthithoevma nascrrnt he s lowhreaitDaevnhrlfy al erbta Tnwed nFryorci enswa acuiln dn hp TePatholrnirfeodsm mNs spcB.eoaonctns Itesusent r P hweurheoerndl s ictpahoeaes s ctateia uontdhrse fh ftae oceor wsiTuitenrbhntfaj econeaxerchnt mroaye t oqsif ouicnrhe s
TPhtreiho nesIm pNscuannoiedyterscehs es ausam)h caosvesnae, adr tmneoyabef trait ceaeioeonr i lrnn moasnmgatel fi;ara k sptlmhemdaeen ieandsc tdoulte; f so scaturtmvahel dhcreiaai ntfofg ihey fo ano t rinfnDntm yhe arwemhaf tnoiypailo itcrnhoNnmio sroet,ge aniotosi)pen irsnni,(a imtniag.olpr tnruehdesd m,i siaucnpcnodsplretecidado ater di; nctscxnth "iaouSgot in rotafuit nshneb ioshscarn eien riniBtPpynaiat tsololen grnmn sma atP ieoremntoxedrinsprasl i(eaericsl, Snes tsrtahtueelphse ds pi"c dhsbtcoec; ortueanst esni ,laownedxo tt f ad hor eteiafmsrh ant ihg htale ol tntP e thnimdsprsotalis ogtypre lBaeea hd ser mnlioynfem gnqefo,uaritcrh ies
Unauthorised information
Noro pIrnes aotr ssmycouani ierdn, etfs ohsrtoer mnhe ucaAhtr iasw aionibnf tehgoserunphr mi aoar tlsiutBheaodony srbeoy isDre Petdarho lep tr.Ip esegceuivenetrsa aotirno ys n uinschfo otrmulhead r tindoinonc t furobrmte eoran eltimoeaenkd taeusr p anidosny i rna tesophiena spreviunltnbag iicob ned etnonm atuih ctneh oaPnonrtairids,gne iredfd m ingbimyv etnh
Ntohtoinh se Bocsihrs eaf stehucBc subuaPapsmsurAeldpavtelqste oasreuaPcpaenr,smcryeno cg ettn ehcsote,prueheo e sr, ad cdntrtoathneagoheumdte ,r eas t pl Dneuithd oernp aottatoeeaenanlnht ye eh ysorewphri fs tohrFermio pifocshfln eantmh pa iahclteschi o ymoirtsb iTnafoefk t etnrooeh mehsmairBra nesf tsh indantn iyee noa at oPnaercdtrshoisavuet pcplep horcete roi ntsivneosctre foaeofinr aeutsrcwmridtf ahhdaian iolainctsnghigna gbe o, t toe,ep tnh shairs heoiclswe nsr i soBars ntiaBtomonarsauonys si enthndPyet o er odrfvP liorvsipsae etechnrieetonn s rcdytIrpt t uthlsehysac utiosfspou . e waNahseurnsp a Bnenoaysplibhs ityh lrenlaeysec NeoPoem ltibkertsroetp nhes hanete lnyd ps syehdi caebpatmtlotore u,latisnt vr iety hvrinros f saet roe aoelctnfveryaonfey nu oalery ot, hifer

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inwfohrcm aitosn uplied ori,n fcodniferctino, whei thdae inPdrocagtedm inteh isdcoruemct nacontya inmeg tshub seaqmue. nto the date on
Restrictons ondistrbution
TahnisTyjh udoirejBiuartsdrtIehrisseise bctdrPspr uiiPcrbtooruortousenofoenrfsrefep sqdiu,spobi .ino erePsecrdruiolidstn t iro tcoltier Tuuhtmthfas ndy gostpi r ei ehefnaottyhDnrienms er s Iioebc utaotuotelaf aspss inuBr nodnlanec yriso mi, yriaeatr seslno rpao ldj inNa cotyfai iuwa orameihistnPedrnsus ntyhi cacsinc owttshphieytdcgsN lihyb t hmeouia ja cmetsnu oweBtaei o yrse hdi niryi Du si nsbesiatudeatn matnweci la socPranrdihnhoybred tlenfiarduss ueredow tnepcatceope din spdlat,fdhlra tecmltues i y,cor uo t ioloebr woof yipupnusoleocar aoenrtiuorfts e rteo mbpd maulufoinnsed t bilnhnaiertsi ureroaeprm taefwht rndr thpo,esahh orsea dfmartuft keiel efonfe ni be ntplirat stocohlritdh hucinnerair otf eichNtspogemaen of.xptgmgyBsf el ofaiteieImahsro asneu dljaeus rn vasetri pni n nptialsos sgaics mrasfPr roed neasireot b.coqfin Byoa c waais lbinc of t uisuaupinlvteah ooeryNtPn,o e,ctar td ri Prtf,lae anosieseu.Nnb enoxss.d ncolyt e tr rpnAea taectopti osencschpe pobitsnrc toie etuarrludbeis suycbc ay nduam hrov nihnbdynsewe gtadlalnajyu e, hr alrsi r yaocdyb,nsiv, uewrNeb isoogey eres cnterinuputo is ndteicoms ntatlcsraesi asawronhs eNokutiftaouoftmreasnet emnl.etnnsh estricoet ib ny sm yao nrBty hcnsti otrah yeohniao s st bhewoBirnal ts eh
Itnh p"eSarSuUtiSestcbncausoRltrcueirelaedg stidpoaest r,ulr n iSothandAatie olac erirts,nve n atr e odsfS ru heeb1S udn j9aUse3lentdwceri t3"ir tht,).echion a dsioKne U Tt.ahs oShSmeec .t gnduUanNthrinxdometi letead, s ds dw(Si thpsASratcteaq vrnbe) tuS ,utRi(esi rencoeoutoe rmr pnu " teiSontbu, ielfsitbo.ssr cnch iosAafrfSioucn BIprt btij)d talseoheowynec tr ia, Pcoh Fronc enasc onpd oestSurante celtacb,e iue tu"onr)r iJs. etra iep bxgnecsn idslt, thepaeBrfitwe osn dl o gifofs, ouer fnmNadU.oe oaStyr.e s n sp stdhalemaeSersat i noeoyn UgfiaNns o i(tatpeohdrtsbe d e sS(Utinaeeofninei teresd d i,n
Notes may not bea suitable investment for alinvestors
Ecairhcu pmosteanciaels .inIv esptaori cnular, yeaNcoh teps mnutisal dientvrsmoin eshtouel ds:uitabilty oftha investment inlight ofits own
(a) htavbey smurefrfeitesc inaecnedti nrkntsowhi leBfdaigsneev aPsnrtoid epgexipcnt eurshi onr ceal ntyvo anmp aklNeicoat ablsem neaudp ntiphleg fumnel oet;rv maltuion contfa ihne drole ivnacotr Nportaes,d
(b) hpavwreilt cauhalcevre sfointo a,it sca inovld eskriatnluo awitnlevndes, gtaemneoifn, t vapeposrtrmofoeplint; iane tahnrlyeticval ntoNlst eoaenvda ltuhet i,mnp atches ucohn tiexv sotfmietsn
(c) hratevlh e scauunrtficeNnoectny sf, ofrin pcarliucndicainl pgalre wsoohur irnect psreiasnt cpd alyiqmouern dtintsye s rodisftbieesr aeprnt ylfa rbooefm titnhh eeonrpiot skoent oimfal iraennvc uisrtvoens'sct imeur,n toernincw tyh; er
(d) urnedlrvsatn idnthcoers uagnhd lfyintahec italrmsa rokfetsh; earnd levant Notes and befamilar with e bhaviour ofany
(e) bec aoabpnlploe imcaitobcl,ee ivrntaslkruse. t r(aeti haenr dalotnher ofractwirsh taet hmealpy of eactfinsa icnvaels tdmveinst era)n dpoits ibale itscyenoa rbioesa rftohre
Sroiosmkve eroNaloet nphsoa rtnrfceoli cyo.o mldpA ewxpiot hfeinnati uclniaidle vrnstorur dms,ehnotsula d unnrde ot suiacnhvde saintpsitnru ompNtieanetss amwdahicythi b oeanrpeo fucrocishmkap lteeodx fasipnoat ewnciaayl itonstvrerdustumocere'ns t

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upnielnrfsvoe itstmhaeusn tdth ewri elcx hpaenrvgte isneog (tcihote nhpdeort iaeolntsna,l etoihrn vwesitthou rl'sie n oghvelrfpa leo cfitsan voienstanmhcen iatvlpdouvrtef isoelifr)o. t uochevaNloutes hanodw the iNmopteasc wtihls
NpetuihrthNeceriomntve a estsths.hit asi tn BgEayatasNeicyohn ort P reacrndiopas ainpedepenrt c thuoaifs sf atlnlhdo iosrf a tBtnayhesb eFc cino Pnroadlitos ipiTdeopenc trm(fudsiusn aca oronc naisanrteilny cuoeor Fims otinanahler no Tedwirftsmieesr ) noof shbtoyahau e ltnhiI desbs Ivseuu tbstaraucei. kroei,nb nt ehot eof s oDuhra eboavrelscpriu bmaroecdhfe aoisnr teys aonfw
Legal investment considerations may restrict ertain vestments
Tahuept iasponN rvcaoptptepelrsrso.aim tape. Fr,enriaEtanlwa c tafhe noetcrri ttihpveaveoalt airn eansotmestudi nits u aootloffiy cne opwvrtnehshte asasotNhf ione obxtuelotssdrehv rnoeot us(ucwnodiltdo)esn rts r ughealt natmtnNrayyhd eai opr(ti bp ienlsie) ecga orfsouablte h lbaeaijtesce dr wrvfl iseuskt-r ,tbsiolnaa cotv wsriete oshdtneo hsm rcea abnaaptsepipivtpalrl yf oowoptrr fsii iatpot,s remi (ilrpfr)eeu sgargrtchiu ruleolala ntNietsoeoos.r t na soedbtro svpciydla enecetd regbwtrem haioueinnfs et dhe
Change oflaw
Tghioev tmChproisan cBted aoitsfboe yanPnEs,ryo spgaolinesdch tublasny.ew j uinodecif-calo ndtreacsi ctiuoalnh eoorb dcalhtige anotigfen hst o arEBisngnlei gsPhroluast pow ecforuasrd. inNmioncasntrueatrciatvnioe npr cwatiithcb e agftie vNer notthaees d, oatarehe of
N(OCTSHIFAF) PCTAETR I2O8N9) UOFN DSIENRG ASPEOCRTEI,O NAS 3M09OBD IFOFE DTOHR EASMECNUDREIDT FERS OAMNTDI MFEUTOU RTIESM (ATCTHE
U(naCsl edsSM FinPfoAg itnhaReAp-odrNrg w1e6 ui:(ln tashte Neiho otanSetMs dicA2c uie S0rno)n 18tN)hReoect s riaeocnlem dS vaEFnmFxuteAnd c lFa0riti4deno-sa lNdns1(TCe 2Io:narn vpm NeitInosasvtl, aleimM cste nNmot rkoen Pettr hosPed Phr uoScrdaultoalsd ect ub(csoa)f. steI )"ndprveReefissngcteurmdlibe anitedtno ncPtsarhpoed 2i0ta1luM8 ctom naaentfdark rSetyith nsg" e AapurMtohdAeS ri ut(cNytohs etiocf e
Program e limt
Tnhtoerpa mornsxauwitvlctsiateimhaiod tn uhdeisiE n nUagotrgel fR aete5rv huaenr,e0goD atnty eapot,ernl 0 poetrh0iv itrse,n cAd0pimgaoen rt aesu(lonm nmfofd te dhr ntofueth h)eeD . rntePa hogalrTrifsoheNergpou r mrteamepsAmanxt grmi ouemo, u tsiamenamsnty a yau dibgeNns edgirsogute aenecsficghtranet deneaeNyd s epoudrt on iemndfnsrc ieeoi( pcatr m"Saitlmui cdauel numabsec otedrtudneiop ntit orit nhmoonef e ,ac Pa Nursnuod btSjerogdeesac anacmltwye "th)oiec seh wcho iatlwmpa iliytbla he bnec
Certain defintions
Inm atethC mistohb ueBn rscitalas retR Peorgfo utfslhpateei otcthEun irs(d, E ousCtpn)ae glNso E 9f7 cotth4hne/erw9 m8Euiofrcs e oA3perpMaeany ,cerif1ceod9nr,9o nr8 mceonif tsha rteenon dci EesU ntmroRton,odeutaca tiroMyron uemonfirb otn ehe,ar enSturdo oa,ate sh a sda ecreafui mnednfed eicryd. inAcrtesio cldtoeu c2ea d of
RseufPbrosriednpceaecrtis us.t oAh eglGosroauyp ,reAgamrdinegu tsh, ewaec,t iuvst eor ofutrh eareG otup ihse Istuoert ong eptahrs w3i7t hoits3 9cofn stohild aBteds

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Tchiatep ldaplnigca ubtalhge ier aofw. ithge nBalsea nPgruoaspge citnuso ridEe ntghliast h. eCcrotaienc tlegicshlanticvel rmfearnicge samndy tbec hansicrabl etdrmo sthaevm buendr
Ratings
TsruaTcnnrha roatnret caseiehtEgnaei orEigc nfst hogeAEggi eafNrgc wostoerNieoltieAsR n erdndr nroeicite suyteninbeoarugtRte u l dili,i sr o nutdeaitheswgsasE tnrhiu tsuhd tutanrneadhbgcleiureUeloeo randh tid pUtK i tc uesadsnh Chp, deptaeeKsouba nrnc sely n ebRdlhriueortdsa bCtA ie l tyh idnR aei s ruetRwf(b cg Aw(ri2ye)d 1eu ta) dlh iletfpb opPlghrltiahchtiR uecebl irctohgnae ehgeauen rerd adrdt iu tE biurl asear tiain leoresmatit nvctnolarnrign eid, ptsrooeihgae tgi atnriCsnigof s aoe wnas g erioe(nserd2 gt(sn d Rp prarcaAogoyr()Eoil 3bic )t u)ysoa hbe vev eRinin dsrdisnwriuoelrsaedcete eme atbienddastrgeyudl de b uC ivebclabsbiteRy a g ns(ohdctiytysteo a h A Atb ar pe)ruCybaedan. l ic csrfR wceTcarheirA hrariano cie afsrrcd(nieatneddii mRehiEcdgeh ndt tih ed turernaa tt sgirEei.tsaA iu tiEnlrei)o n ftW heohihnEga tnegg AistgoN errNa r Ea onbornggoaaEegAn t lgiteiasen lo etasiwnighen cnoy glcry tect vasThwnry ndfbc e ilt alninhoeyiwUFcnoeo tt r n hrdwtinbiehnacite d Ueishhe(lgc heesKs ta ulie id1 yofs )Ti esNtUbalohE Kinas lnteiEosruometaKbli isdodsah r Atnsrysne in guede.d s idWrnohde rgp iutrs ensig trhe to ambhn itepesib tnhroFa lyi( eattaheesibtsU edctseh denlherE suaieKils d)r ,a eEnf hUi eodrnaiEd Ad TesdKEu eur i nttnahAnor d cmoeith s e r nit er.tdt a htnhCiIe n et Rg UAhCe RK UAK
Roundig
Cfieragtruatihens mfeigtniuc trheaisg nrBcealgsutei doPnr oisnf ptethchi usfi g,Barnsecesl uPwdrhionscgph efcpitrnueasc ehdiae lvt,e hsetbame.i snt cualbjecntd opreuatnidg infadorjumsatmioen, ts;macy onrdt inbgelya,n
Forward-loking staemnts
Tchluiirsq n eBin"owdtatw hse"bierxlhi ylic,xPepi"sh progre,t eo otc"paev"rhrieftsapc oericotersewaGmnuRPrirdssaokti",o olu rns egi s"foaspFneca t sdau e"chotcter, tpcain. eco, duth k" plut"soe r Gh,sTerpd hroreaoeasfuren"d,toi"u u pe"rpnlstsoejsed se cfa"elsD.' sen,aotoe g" nrsir ,wwsFpacort,i "de i naasnhreiev"xotseape rdi-hncblowesrpe tan.ieirt mcdiod "tr, spaun t-laT ,fttkoe ionhodhisf e"r dnohg kBtifsoiwpge nebuhnt jtaersteroGaaegs ufendawrsroce Gtetd-lteoei"o.a wv,Prtbae hum ,pkFs'noeur""osumsd,pei- eiotr tsnratfusnl"tgi wehe"c,nt teogmsagatriuisoadertn skias. manlte-ls, roepf" tanghyd ,molsl ,ekaue sbt"ndehasatinco fetco rnstat gmic,s hceiasotpfeuengpnanvnmedn itrtya t eoGrprs"tbmteono ,e " s nar"ieuunadtismeienc t"estpactoinbrpn 'osrot agrtieonsn ,pnisetjfiv ieot"osnr d ,ctdlrtefen" vneoatfwo",b daioye thndi c c"of asnl tcssb hnuh na,mdl utieuyBtmnr a btce ahrseuewtholie re"of Gu ,oe r ndfsmsd "sePrrseo aptat hriornonsuacpsde t"akntem ea,nceusitxmitrs iyamnu spt ethcil",into s tsi nrtBl oeads
Tahnepdstehr ffoor tfrhrewGmwraoa arunfrd-pcdl eos,t-l ooeprkrsiv knetihngs pagesoc star tisct,oaen uetalmmendeti ntdcns. iatpusto earsdr teh sgvrubeoGj, wtreoco h,ut d ispft'ofrseakrtn ecgmitouwaeats,lnr ipraaelsdu lny ltsnfokro ofmpw tnhore trsuaitse nkioetxn,e psur,ne fsaicsee artwnd eciilnn, atleso csrto a hnsdusiget g aosesfnt ,uehlmdei qptbmioy,ad rntksyhet, s
Apddrioistcpouenscasl,d foaupctnodrers ut"nhRias kec sFouarlct daocrhas"iu.es v tmhen Gsrou pi'nsd uactruy alersults ,ofidnaecr ialn counde,i tboun ,alriqe undoti yl, mpiterfdo tm, atnhcoes,
InP rloisgphet coufsthmeasy nriostk o,c unrc. ertAadinteso naldri sakutmhap tiohne s,Grthoeu pformway rdc-ulorekntilyg devmn tismdemsatcribael dorint hais rBeasneot

7

pnrerosetpg neuovbltlueayitrncc knectlouliesyart, nsroo .wnacicrenhanE tarnxtedoynv con igibetnesyphdehe ae pnsGsrceiuyrb or nstclata uiphuctimlepne syl cmft iwcoaaosuernbelcynwe l drts.a rsfea osd-rtqlsoulrwcior o akecaoar dknduiy-n lxbsocyeh tg oaShstkhaeinpega ftre genr iomesrsrwteheag, anstuLrdtoelau-s,nmt eixlpanoeomkrfotnsespr, bi tonwhugecther eie vv tGahed iaernntodte u sv aposeo duhisstf anecrortrd ushea ispseasr utlaeB kldi ec aocsfsanae bnlthut noee iso eBiPorwn besilcadpniu efgrsoaiencotrt Portum s.anoo t ls itapowen pGlai,uct paucvfdnseu nt u utntredh ue
MiFID Iproduct governace /target market
Thwethi dei cFnasMaitNwrdFiooIbtil eTpDuti ts oerunIog rai)tmlosr eiss n e rharesopthrfipupnolredo tsin stpapgiareigc bkattlehe t e fi.ofn matoartArnr ogunkycyeeno t Nat dnpsoemrsatiedrtrakeeseiro wanmtnt gi as oseilsitnunes bt s tsnsohecw qrlmentueun asdpetrn)agt relcaagtyne tloedtmf a gmrtehndeakrtreti dre nNemtagi s,on tiasniesnsl leadlin g smaeg"Mmn wpetr;oohirFp h cIriorhDe ina wcItreeoa svmnPrdpeir,meostc riald ns ubodfcuft iisothtnrrg Goeidion btsuhvrcNtehoar ebnune Ntans el(uoibcs.yjene sc "oeit(f tahoer
A GdoeDevtAraMlriaenmFn ainIgscaDeuet rPb irnsrocunodr il ewutbhsilnu cte g nbGDfdeoeovalrm aEdrenasnUea y inDncoN e rolrateRngaulyse tisoieos. f dn ttah Doiemreair acrnteuihsfv paeecst2uu0eir1 aver7 /bai5ofn9ufi 3tlr wie(ashetpes c ttMwiloir,l fF f IobsDreu c thPa he opmNduantruecfstoa,c seG tbouretvf tr orhftneoha Mre tnciwheieF s IDpeRu urnpelPoirtsosh),de u racont f tyhe
EA and UK Retail Investors
If nthoafv e4rs 2(erF1toin0)adrnio1 il,sant6o "bv /filo q9 nltThevdDyot eu7sRtahfUeol/ierergriErso metrNs fUcoyKrwua inls ,tsaairo tihenavmsmgeta id eoe rraef a2aws0nyomn rba ipmnre1sip s esk(eo euliEdfn4aenclnU ed/ otm 6pnigl )use5eaiosagt nidNdo /rdnfEseao now hfteoenrUnay rhm1a tlsu( vd waeNaule 2hca8elpshiluNv6 ie oaotera binodtaei/Pl2rnsmsl esrsa0ot ed eobti tb1sapeno nohrle e4,e d ot cate(ec aflPtoh sRIeruftd(nuedih,as ne oyr rsee Mmt, IRdIretmwaPs ie niFoaaslRe ngisnuIrielD) ol idunel rpa iegndIov onaemvdguae tolks(inIfatitonc):ehntoinre. e; ogs ( (sroitd o)D 10ir ena hn .tPC)s(iRo tiiti hne tInorirnhIsf)e rl twehdPe baAu ies lm easqE urtc E"PmrReiucoslEaocvaEenilAgtlntieAlea uy onmt dhoeiDbloerl,4 a (iear brtitn1nio)e sat ivndoo o cwottnkfietinah)ne e vtfhla ohieey fyM)n bfo Uri,neUeS dt Kta nFwhi.oreKofIhen ta foDr lesFn poiwl emIrmelrnia; nt tirdtan ovbgiohtEes orn atpr(ti h(ei n1suAor dicg1eir eso)u ) ld eiplc sopRntfouneo frotpDA ainal triuonmtm eghd eaatneirrsblhtq etcieEne uwcEd realol,v NqiuAt houfoetle drere s if don treh
Benchmarks
A(mEoMUuthoRnens3t eIts6adyB p baolt OaMRyfie s hoaRefr) b koldg tehreulais an tuIhnnetdi Bs deatomsiLrn (aieto utnthEntPedeUar ) io(o nnsENIo2epMnte0de1 c6btMsu/y1 sIr 0t,h )bm aIn1e. Ckyd bE u OraICfe onpdEce ralaEBde unMnRac SMhtedecI m uaripr(bLytipke I BresaA rdOfnomRrdn i)etnh ncMaeswer trhai kettoetghsio nt ahreAerLut i Eaomhf idurtmoraeitdi nym (i(IIstnCerEiSstEbr)Ma,dat nAork) esy p pOuaethfrncsdeu i revEdabenlut ny tc.oR paohAet msAra n traiktclse
Suplemnts othe Base Prospectus
If2 a3Btaosdsfe numyhsupitPetpltr imeoPldsrem po etesthomnet cpet t rucI as(sd tsuo iw er nhRregcq ic souohghntin,rae uatilndhne e t ibbroeend yLs,ri up tqxehun Aarecentm iIroseyi clbfddeo u to uaoc2rnrpgu3 ywr Ssielmoeftu ant obp tcsreihkne e qpac EuoPxersurcnpoht posaainlrpnsdeateg mecdteu' usb anoktrfe e oay RgNvtreufgloheuatirlelseasa Bntid bcotaoem s e nt.abnreheSk Prtlaroeaitips,sne teecd)mh sea phnlortiuatlls nasl, c tep tcohurone s sttiOpahateiuf nlniet eexd cmoit aeei lnAtpnt rLoiroas ipnptclhepyli ea cnscstdaubs lhe,

8

bien acdsB oarepmpsoe lmadyP frot eoodlsifpbmoeycdwit ordeiuonsg ftiysr eonh unretpcs heerx s uippenivderetrshy ndotf,i de ocB tfoash ntes igte1nPm2 iurftoemiec snptoan stc hauo-nrpetn .taewoAinri foedaty choi dfos rtianvsB etha,l asmiimedia s nBtPye rtaoiosfao ltp emPehmcoristd suisBa.fpak ecseTd sh tuoePorrs o obrsmlpeaipictgentea ruitsaesaod rlnoei cfntuosmea hrcaeeculpn td rtapwoclo ie,haem iecbso xnwveit .l eis ltp hniso t
Alternative prfomance measures
Tihnmfe ocerioamnPnsIesrtuapsfapruoirtecoinserrsm nae lfe'nsacsort ntecrandbcamda rea ilotinsrp nfdM hicoite,r eaernaldac fst toauebercpcasuirydphrlen pitsa ,floy tihbaveyos A eaPItenrdpt efbws gMere orfsre) fnry mtoa fipehrtnriceofmnrnaaots nrnvci,ina clhe ncdalialeFc ndu inepgjdma o usesit n),iacnEsitnedBuaivoe Irlte hiRas n spTsatrD ed(pBos rtfAaoh it, sortaisewapdoen y ineatdrhe rfgPai trtnSo uahie satpnds eig nheebrd e idna ctunbtc rtoye rtdshso rme,eAus n(avwsep, E nhmnonSatidcoadeneMn prdtus ti fAn taelrefdagwn aG hdeirnacubirnentiyn gad ols e altcmao.dihenf enei b aElnc Ttsh UplaagAeso n(euinmeg a dIrfdFoes eARmafitdmilse untSbsaer-nyEcu's sdu ninfrbaUe tieyenssa i)v,e hs.na crie l
Spunrcehtop ot amrmeeocdano sigiuntorreas sc tehd ohrmduunealdndesc ruenlrotyew isn ibgohe fpIceiFonrnRsfaSiornc-dmiEeraUln .cpdI e rnaofso trd smihe atubbnosucntsei ,inoueres lc s,ihf qorouA piPthoderiMtay seuh ronasdvq earnuIniroedFt fR dbinSa-ye nEncUIFia aRlbucdSoti -EnaedrdUi tioaurosnned dofvhia bevtywh emdn Ga,rnot oabugdepe. manre nt
Tphcrestodhni escvtAaedPvl euarMs atnosidn tfhmgseita imsa ci yolf naourm tobr epm banieramisny'supud rooelps tcsa.a tirantTvtehei s nsuogepIf epspnlther eueftmr or eGbnrmetaoa lsnu upcsmr'se de a ahseinwunsd irtldeoisdrql iuyiotcadifhl e tnytsrhe.te h suAle GPts,sreoM cuntpoor'ir si aptn eheri wfsouhirBccmahh s einmt cPeeo raospeur prealtisceqt sum iadsea tbnyta ,c obumescba enuis teof
HtohwneIasFm veRemr,Ss-. EannsoUdut. r teahslcymo samhyo punalod tienbso t cableou mcpantsrei sdbelurcehdt oAaPsmM aessu ibsrnteit heutes afdmo erbfiyn moaatnnhciearl cor meapnsaurei cs ocnousimdtpeurnt hbdeai sni. amAceos roadransecimue lwtia,tr h
Acordingly, undue rliance should not beplaced onsuch APMs contained inthis Base Prospectus.
AnDi irexncfetpoolrrasnm'at tii'RooennRp ) oortff otehe)a , cth 2we01hA9iI csPMhC uoie'nsrs oicnlcormdoepatsopeond rceaDt tieosrdef actbnhdoyr es' ycfeaRlerp uneaorcntt diof enohr mr3mei1on ethr.eDod iScne cfeo marsbnemc atribeo2 on0fn. 1o39u n(Ptdh reisn2n0tht1ea9i Coon nsofo lfiidnaatnecdi al
Stabilsation
InSat copbmstalinarcsekacwbahniecltbtdaTt,hs lioeSre taiap n wfatirF dociMitnwanobene itbcf q ahol n ahi lhtgumfieas huaenla to ,tTgaifo r eytee hr (impnemsepnNlauo tN )u(ep ovylMtea bcl icasneinomo can. tblaa etarcssde yf paTee gAr isaoenaclearnt(wsyn lat vrys orasial oTs) cnuy a(shteyr l-nraeoa teovlsannrd bpioi ceool tc thlfmfrei e usN,trhNieh. igon tgoulra esotobeit. noeu hefAs (nsts) ienr Non atry m tr otshbeacnmsctido u taenfs,6sotng 0 fb h eat ietltcihlh odnhsa fe orn adeaoy tnoi troDafeabevs ofownhra fnal-fle hislanrfatar le acycheoolrf ft t i ti ooSomnt tnhh isaDg beameaen n mhwiy nd rat latsSt atehly ohrt tis em vbhaeaeabuoilstfangs rtltir o(nivwifai nTieMnosweabhetieo rn a yt) poanonca olfnol cr gno3h esemMdt0 eavur famdotip(seaunceafelatny r.p)dgetdr sN otr at oaohHisn t(sbft)y e) ts ogw hithr dnheiaete e tsh tvh em ero, a recl iancesolvdue readvnant ce

9

OVERVIEW OF THE PROGRAM E
Tfhirios tnmhc,e rvearrpnelordiva etwes indt qsuabFiy n lgrifealen dTr reiarnlmc dsei tesoacr nrdiDr, tpaineow tndry olbfaywnt i,thoePn Pr otrsop otegrmaehct uimnse. rdemr s wohafnicdt c dsooenBsda itnoot nPps ruofsp oaerncyt upsoaribtnec luodmaiprnl geTtra nycdh eoi csfuta mkNeonts ,
WPo rdsp eacntdu sexhparve sthioe nsadmef inmeda nitghs ei"nTtheirsm ovaerndi eCwo.nditons ofthe Notes" below orelswher inthis Base
Isuer:
Amadeus ITGroup, S.A
LEI Code:
95804A3FTY3TEH N09
Website ofthe Isuer: w w.amdeus.com
Froewf BrthabeCsn SeiS tceaFP . rvionofsetdpr ancetchtduiess oo Bfaina d sdtehiousPba rt,sB as npuoten cPtlebrseos, npi enpscfetocrurifusmti danotlseoyesd n cinort faotoarpripnmp eopdava teerodtd n bbfayytn h tis e
Descripton:
Euro Medium Term Note Progam e
Size:
Udpant eoatcyh ofe rn 5sdei,eas0tctnume,icoen )0. wag,0eniTthritl eeIg sa(d e"totueSer urpt hiemn bsc acyriopfiqput aitnlihc vaoerlen emnaaDsotneda u ltihnSearl oseAiftz he" geNrbr o elftc uomshrweoe).n t nP(rtcsaoieassg rn ddaitemnghfim eneda itn
Risk Factors:
IrnIivsek"Ru.tie insrgkT thiFoa encfpNtuolrforintsl ce"istp asb aliorsvbeu.iekd g atfiuocntdnos reu nthdaeer Pmrthaoe ygaNfmotecs tea rhine vdaoiblscieutss eced orftuaninh der
Aranger:
BNP aribas
Dealrs:
BanPacoMrikInab ar,BndksiGvueFesrntSl .baANaotrsi Ciot, VBemlansrntc LgenW,eyNs e teiraiozpootetsJech.s tmiuclatpCe ysc P.haBod,Gfst eMtaml BAobarsnmrio an faDrobkkra,techag eCngrol kenItacimMaceo ltsakrPr n, Dl alreridr NSFaoa.erZngpVca Skn,.zed Abtcrp.,uneao riSikt mntofB.,asS P.AL nkEC,uewimecthdisrAC ur Bopa t é tNroftpélaKéher cm, dAeit k rncloiAa yeMoGaAnGiméDne arnUiletiérFnGg,maG r,sSie aBncsCoera tielAo Ht,SDliteltegnr oetUcB skgcr dPerhoL, eotnuCu iriCt tCasmmae eriBconp eahrfutp,pC S.GBAlN,st.aed rit net(k oratCoih E upceBurl arlocZe,np rbP éadnailagkr e eHtrnt )nA SaNBl- TreaGnl .CVclayn, h deiof
Fiscal Agent:
BNP aribas Securites Services, Luxembourg Branch
LuAgxemnt:b ourg Listng and Paying BNP aribas Securites Services, Luxembourg Branch

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