RED ELÉCTRICA FINANCIACIONES, SOCIEDAD ANÓNIMA UNIPERSONAL. Issue of EUR 300,000, per cent. Notes due 2026

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Transcription:

Final Terms dated 14 April 2016 RED ELÉCTRICA FINANCIACIONES, SOCIEDAD ANÓNIMA UNIPERSONAL Issue of EUR 300,000,000 1.00 per cent. Notes due 2026 under the EUR 4,500,000,000 Euro Medium Term Note Programme Guaranteed by RED ELÉCTRICA CORPORACIÓN, SOCIEDAD ANÓNIMA (incorporated with limited liability in Spain) and RED ELÉCTRICA DE ESPAÑA, SOCIEDAD ANÓNIMA UNIPERSONAL (incorporated with limited liability in Spain) 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 in the base prospectus dated 3 June 2015 and a supplement to the base prospectus dated 9 March 2016 which together constitute a base prospectus (the "Base Prospectus") for the purposes of the Prospectus Directive (Directive 2003/71/EC) and amendments thereto, including Directive 2010/73/EU (the "Prospectus Directive"). This document constitutes the Final Terms of the Notes described herein for the purposes of Article 5.4 of the Prospectus Directive. These Final Terms contain the final terms of the Notes and must be read in conjunction with such Base Prospectus. Full information on the Issuer, the Guarantors and the offer of the Notes described herein is only available on the basis of the combination of these Final Terms and the Base Prospectus. The Base Prospectus is available for viewing on the website of the Luxembourg Stock Exchange (www.bourse.lu) and copies may be obtained from Deutsche Bank Luxembourg, S.A. at 2, Boulevard Konrad Adenauer, L-1115 Luxembourg. 1. (i) Series Number: 10 (ii) Tranche Number: 1 2. Specified Currency or Euro ("EUR") Currencies: 3. Aggregate Nominal Amount: (i) Series: EUR 300,000,000 (ii) Tranche: EUR 300,000,000 4. Issue Price: 99.603 per cent. of the Aggregate Nominal Amount 5. (i) Specified Denominations: EUR 100,000-1

(ii) Calculation Amount: EUR 100,000 6. (i) Issue Date: 21 April 2016 (ii) Interest Commencement Issue Date Date: 7. Maturity Date: 21 April 2026 8. Interest Basis: 1.00 per cent. Fixed Rate 9. Redemption/Payment Basis: Subject to any purchase and cancellation or early redemption, the Notes will be redeemed on the Maturity Date at 100 per cent. of their nominal amount. 10. Change of Interest Basis: 11. Put/Call Options: 12. Date approval for issuance of Resolution of the shareholders dated 19 Notes obtained: November 2015 Resolution of the Joint Administrators dated 19 November 2015 Deed of public issuance dated 14 April 2016 PROVISIONS RELATING TO INTEREST (IF ANY) PAYABLE 13. Fixed Rate Note Provisions Applicable (i) Rate of Interest: 1.00 per cent. per annum payable in arrear on each Interest Payment Date (ii) Interest Payment Date(s): 21 April in each year commencing 21 April 2017 up to and including the Maturity Date (iii) Fixed Coupon Amount: EUR 1,000 per EUR 100,000 Specified Denomination (iv) Broken Amount(s): (v) Day Count Fraction: Actual/Actual (ICMA) 14. Floating Rate Note Provisions PROVISIONS RELATING TO REDEMPTION 15. Call Option 16. Put Option - 2

17. 18. Final Redemption Amount of each Note Early Redemption Amount Early Redemption Amount(s) per Calculation Amount payable on redemption for taxation reasons or on event of default or other early redemption: Subject to any purchase and cancellation or early redemption, the Notes will be redeemed on the Maturity Date at 100 per cent. of their nominal amount. EUR 100,000 per Calculation Amount GENERAL PROVISIONS APPLICABLE TO THE NOTES 19. Form of Notes: Temporary Global Note exchangeable for a Permanent Global Note which 1s exchangeable for Definitive Notes in the limited circumstances specified in the Permanent Global Note 20. New Global Note: Yes 21. Additional Financia! Centre(s): 22. Talons for future Coupons or No Receipts to be attached to Definitive Notes (and dates on which such Talons mature): Signed on behalf of Red Eléctrica Financiaciones, Sociedad Anónima Unipersonal: By:. 9..t:\..:!.(1A->..(Q.... t1.\r. C\ ND A Duly authorised Signed on behalf of the Red Eléctrica Corporación, Sociedad Anónima: By: J.f.R(S.. t\... Q!. 9.$.... Á.t..x' A L Duly authorised Signed on behalf of the Red Eléctrica de España, Sociedad Anónima Unipersonal: By: I 1fJ?f2A... 9.\..r$.S...AL\/AC<f2 Duly authorised - 3-

1. LISTING AND ADMISSION TO TRADING PART B OTHER INFORMATION (i) Listing and Admission to trading Application has been made by the Issuer (or on its behalf) for the Notes to be admitted to trading on the Luxembourg Stock Exchange with effect from 21 April 2016. (ii) Estimate of total expenses related to admission to trading: EUR 5,750 2. RATINGS Ratings: The Notes to be issued have been rated: S&P: A- (stable) Fitch: A- (positive) Each of Standard & Poor's Credit Market Services France SAS ("S&P") and Fitch Ratings Limited ("Fitch") is established in the EEA and registered under Regulation (EU) No 1060/2009, as amended (the "CRA Regulation"). 3. INTERESTS OF NATURAL AND LEGAL PERSONS INVOLVED IN THE ISSUE/OFFER Save for any fees payable to the Dealers, so far as the Issuer is aware, no person involved in the offer of the Notes has an interest material to the offer. The Dealers and its 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 Guarantors and their affiliates in the ordinary course of business. 4. YIELD Indication of yield: 1.042 per cent. per annum 5. HISTORIC INTEREST RATES 6. OPERATIONAL INFORMATION ISIN: XS1395060491-4

Common Code: Any clearing system(s) other than Euroclear Bank S.A./N.V. and Clearstream Banking, société anonyme and the relevant identification number(s): Delivery: Names and addresses of initial Paying Agent(s): Names and addresses of additional Paying Agent(s) (if any): Intended to be held in a manner which would allow Eurosystem eligibility: 139506049 Delivery against payment Deutsche Bank AG, London Branch Winchester House 1 Great Winchester Street London EC2N 2DB United Kingdom Yes Note that the designation "yes" simply means that the Notes are intended upon issue to be deposited with one of the ICSDs as common safekeeper and does not necessarily mean that the Notes will be recognised as eligible collateral for Eurosystem monetary policy and intraday 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. DISTRIBUTION (i) (ii) Method of distribution: If syndicated: Syndicated (A) Names of Managers: Banco Santander, S.A. ING Bank N.V. Mitsubishi UFJ Securities International plc (B) Stabilisation Manager(s) if any: - 5

(iii) If non-syndicated, name of Not applicable Dealer: (iv) US Selling Restrictions Reg. S Compliance Category 2; TEFRA D - 6