Company: BCDRF
Filing Date: 2025-02-06
Form Type: 6-K
Source: 0000950103-25-001676
Chunk: 4

Company: Banco Santander, S.A.
Filing Date: 2025-02-06
Form: 6-K
Chunk 4
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 for Sale pursuant to the Offers.

Tender Consideration

The consideration (the "Tender Consideration") payable on the Settlement Date to a Qualifying Holder whose Notes are validly Offered for Sale and accepted for
purchase by the Offeror pursuant to the Offer will be an amount in euro equal to the sum of:

| (i) | the product of (x) the Purchase Price and (y) the nominal amount of the relevant 
 Notes; and                                                                       |

| (ii) | the relevant Accrued Interest Amount in respect of such Notes, |

rounded, if necessary, to the nearest
€0.01, with €0.005 being rounded upwards.

Extension, Termination and Amendment

The Offeror reserves the right to extend,
withdraw, terminate or amend the terms and conditions of the Offers at any time following the announcement of the Offers and prior to
the announcement of the result of the Offers, as described in the Tender Offer Memorandum under the heading "Extension, Termination and Amendment".

Expected Timetable of Events

| Events/Dates                                                                                                                             |     | Times and Dates                                                              |
| Launch Date                                                                                                                              
 Offers announced and Tender Offer Memorandum available                                                                                   
 to Qualifying Holders upon request from the Tender Agent                                                                                 |     | 6 February 2025                                                              |
| Pricing of the New Notes                                                                                                                 |     | 6 February 2025                                                              |
| Expiration Time                                                                                                                          
 Deadline for receipt by the Tender Agent of Tender                                                                                       
 Instructions.                                                                                                                            
 Qualifying Holders should note that Tender Instructions                                                                                  
 must be submitted in accordance with the deadlines of the Clearing System, which will be before the Expiration Time.                     |     | 5.00 p.m. (CET) on 12 February 2025                                          |
| Pricing Time                                                                                                                             
 Determination of the EUR 2026 Interpolated Mid-Swap                                                                                      
 Rate, the EUR 2027 Interpolated Mid-Swap Rate, the EUR 2026 Repurchase Yield, the EUR 2027 Repurchase Yield, the EUR 2026 Purchase Price 
 and the EUR 2027 Purchase Price.                                                                                                         |     | At or around 11.00 a.m. (CET) on 13 February 2025                            |
| Announcement of the Results of the Offers                                                                                                
 Announcement                                                                                                                             
 of (i) whether the Offeror will accept any and all of the Notes pursuant to the Offers and, if so accepted, (ii) for any Series