TELEFÓNICA, S.A., through its wholly-owned subsidiary TELEFÓNICA EMISIONES, S.A.U., has launched in the Euro market under its Guaranteed Euro Programme for the Issuance of Debt Instruments (EMTN Programme) an issuance of Notes guaranteed by TELEFÓNICA, S.A. amounting to EUR 1,000 million. These Notes are due on February 3, 2030 pay an annual coupon of 0.664% and are issued at par (100%). The settlement and closing date is scheduled for February 3, 2020.