-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, VvuAI6GUAlUxE5qN4pcR8CaF5uNQsBqVKMej38cvp/UfxRhehytUePsbdpvwPeZj YFgBPC8QIf0hi40WkdSVgQ== 0000950123-09-016148.txt : 20090623 0000950123-09-016148.hdr.sgml : 20090623 20090623090247 ACCESSION NUMBER: 0000950123-09-016148 CONFORMED SUBMISSION TYPE: FWP PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20090623 DATE AS OF CHANGE: 20090623 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: TELEFONICA S A CENTRAL INDEX KEY: 0000814052 STANDARD INDUSTRIAL CLASSIFICATION: TELEPHONE COMMUNICATIONS (NO RADIO TELEPHONE) [4813] IRS NUMBER: 000000000 STATE OF INCORPORATION: U3 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: FWP SEC ACT: 1934 Act SEC FILE NUMBER: 333-159062 FILM NUMBER: 09904544 BUSINESS ADDRESS: STREET 1: GRAN VIA 28 CITY: 28013 MADRID STATE: U3 ZIP: 00000 BUSINESS PHONE: 00 34 91 584 0640 MAIL ADDRESS: STREET 1: GRAN VIA 28 CITY: 28013 MADRID STATE: U3 ZIP: 00000 FORMER COMPANY: FORMER CONFORMED NAME: NATIONAL TELEPHONE COMPANY OF SPAIN DATE OF NAME CHANGE: 19880708 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: TELEFONICA S A CENTRAL INDEX KEY: 0000814052 STANDARD INDUSTRIAL CLASSIFICATION: TELEPHONE COMMUNICATIONS (NO RADIO TELEPHONE) [4813] IRS NUMBER: 000000000 STATE OF INCORPORATION: U3 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: FWP BUSINESS ADDRESS: STREET 1: GRAN VIA 28 CITY: 28013 MADRID STATE: U3 ZIP: 00000 BUSINESS PHONE: 00 34 91 584 0640 MAIL ADDRESS: STREET 1: GRAN VIA 28 CITY: 28013 MADRID STATE: U3 ZIP: 00000 FORMER COMPANY: FORMER CONFORMED NAME: NATIONAL TELEPHONE COMPANY OF SPAIN DATE OF NAME CHANGE: 19880708 FWP 1 u07139fwp.htm FWP FWP
Filed Pursuant to Rule 433
Registration Statement No. 333-159062
June 22, 2009
FINAL TERM SHEET
TELEFÓNICA EMISIONES, S.A.U.
4.949% FIXED RATE SENIOR NOTES TERMS AND CONDITIONS
This Free Writing Prospectus relates only to the securities described below and should only be read
together with the Preliminary Prospectus Supplement dated June 22, 2009 and the Prospectus dated
May 8, 2009 relating to these securities.
     
Issuer:
  Telefónica Emisiones, S.A.U.
Guarantor:
  Telefónica, S.A.
Expected Ratings:
  Baa1/A-/A-(Moody’s/S&P/Fitch)
Principal Amount:
  $1,250,000,000 
Security Type:
  Senior Notes
Form of Issuance:
  SEC Registered
Issue Price:
  100% of principal amount
Settlement Date:
  July 6, 2009 (T+9)
Maturity Date:
  January 15, 2015
CUSIP/ISIN:
  87938W AJ2/US87938WAJ27
Coupon:
  4.949% 
Benchmark Treasury:
  2.250% due May 5, 2014 
Spread to Benchmark:
  225 basis points (2.25%) 
Treasury Strike:
  97-30 2.699% 
Re-offer Yield:
  4.949% 
Interest Payment Dates:
  January 15 and July 15 of each year, commencing
 
  on January 15, 2010 (long first coupon)
First Interest Payment
    
Date:
  January 15, 2010
Day Count Convention/Business
Day Convention:
  30/360; Following, Unadjusted, Madrid, London, New York
Redemption Provisions:
    
     Tax call:
  Optional redemption for taxation reasons, on January 15, 2010 and each Interest Payment Date thereafter at 100% of principal and accrued interest
     Make-whole call:
  Optional redemption, at any time, at the greater of (x) 100% of principal and accrued interest and (y) sum of the present values of the remaining payments of principal and interest discounted at a discount rate of Treasury plus 35 basis points
     Listing call:
  Optional redemption, if Notes are not listed on an OECD exchange 45 days prior to first Interest Payment Date at 100% of principal and accrued interest

 

 

     
Taxation:
  Exemption from Spanish withholding tax applies subject to compliance with Beneficial Owner identification procedures and satisfaction of all other conditions for exemption from applicable Spanish withholding taxes
Denominations:
  Minimum of $1,000 with increments of $1,000 thereafter.
Minimum Initial
    
Purchase Amount:
  $75,000 
Listing:
  New York Stock Exchange
Underwriters:
  Citigroup Global Markets Inc., Deutsche Bank Securities Inc., Goldman, Sachs & Co. and Morgan Stanley & Co. Incorporated
Other underwriters:
  BNP PARIBAS Securities Corp., Calyon Credit Agricole CIB, Credit Suisse Securities (USA) LLC and Mitsubishi UFJ Securities (USA), Inc.
Any ratings obtained will reflect only the views of the respective rating agency, and should not be considered a recommendation to buy, sell or hold the Notes. The ratings assigned by the rating agencies are subject to revision or withdrawal at any time by such rating agencies in their sole discretion. Each rating should be evaluated independently of any other rating.
The issuer has filed a registration statement (including a prospectus) with the U.S. Securities and Exchange Commission (SEC) for this offering. Before you invest, you should read the prospectus for this offering in that registration statement, and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering. You may get these documents for free by searching the SEC online database (EDGAR®) at www.sec.gov. Alternatively, you may obtain a copy of the prospectus from Citigroup Global Markets Inc. by calling 1-877-858-5407, Deutsche Bank Securities Inc. by calling 1-800-503-4611, Goldman, Sachs & Co. by calling 1-866-471-2526 and Morgan Stanley & Co. Incorporated by calling 1-866-718-1649.

 

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