Company: BCDRF
Filing Date: 2025-01-08
Form Type: 424B5
Source: 0001193125-25-003514
Chunk: 163

Company: Banco Santander, S.A.
Filing Date: 2025-01-08
Form: 424B5
Chunk 163
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ure;                 |

| • |     | to evidence and provide for the acceptance of appointment under the relevant indenture by a successor Trustee                                                                                                                                         
 with respect to the debt securities of one or more series and to add to or change any of the provisions of the relevant indenture as shall be necessary to provide for or facilitate the administration of the trusts under the relevant indenture by 
 more than one Trustee, pursuant to the requirements of the relevant indenture;                                                                                                                                                                        |

| • |     | to change or eliminate any provision of the relevant indenture so as to conform with the current provisions or 
 any future provisions of the Trust Indenture Act;                                                              |

| • |     | with respect to any debt security (including a global security), to amend any such debt security to conform to                                                                                                            
 the description of the terms of such debt security in the prospectus, prospectus supplement, product supplement, pricing supplement or any other similar offering document related to the offering of such debt security. |

In addition to the permitted amendments described in the preceding paragraph, Banco Santander and the Trustee may amend or supplement the relevant indenture or the debt securities of any series and the related supplemental indenture without the consent of any holders of the debt securities of such series to conform the provisions of the relevant indenture to this “Description of Debt Securities” section in this registration statement and the applicable prospectus supplement. Banco Santander may make other modifications and amendments with the consent of the holder or holders of not less than a majority in aggregate outstanding principal amount of the debt securities of the series outstanding under the indenture that are affected by the modification or amendment, voting as one class. However, Banco Santander may not make any modification or amendment without the consent of the holder of each debt security affected that would:

| • |     | change the stated maturity of the principal amount of any subordinated debt security; |

| • |     | reduce the principal amount of or the interest rates, or any premium payable upon the redemption of, or any 
 missed payments, with respect to any debt security;                                                         |

| • |     | change our (or any successor’s) obligation to pay Additional Amounts; |

| • |     | change the currency of payment; |

| • |     | impair the right to institute suit for the enforcement of any payment due and payable; |

| • |     | reduce the percentage in aggregate principal amount of outstanding debt securities of the series necessary to 
 modify or amend the indenture or to waive compliance with