Company: BCDRF
Filing Date: 2025-10-31
Form Type: 424B5
Source: 0001193125-25-260533
Chunk: 69

Company: Banco Santander, S.A.
Filing Date: 2025-10-31
Form: 424B5
Chunk 69
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 first). For the avoidance of doubt, if the certificate of tax residence refers to a specific tax period it will only deemed to be valid in relation with payments made during the referred tax period.

| 4.2 | Net Wealth Tax (Impuesto sobre el Patrimonio) and Solidarity Tax (Impuesto Temporal de Solidaridad 
 de las Grandes Fortunas)                                                                           |

See “ Taxation—Spanish Taxation—A. Taxation in Spain of debt securities—2. Legal Entities with Tax Residency in Spain— 2.2 Net Wealth Tax (Impuesto sobre el Patrimonio) and Solidarity Tax (Impuesto Temporal de Solidaridad de las Grandes Fortunas)” and “ Taxation—Spanish Taxation—A. Taxation in Spain of debt securities—3. Individuals and Legal Entities with no tax residency in Spain— 3.2 Net Wealth Tax (Impuesto sobre el Patrimonio) and Solidarity Tax (Impuesto Temporal de Solidaridad de las Grandes Fortunas)” above or in the accompanying prospectus (when applicable). 5. Information about the debt securities in connection with payments See “ Taxation—Spanish Taxation—A. Taxation in Spain of debt securities—5. Information about the debt securities in connection with payments”in the accompanying prospectus. 6. Indirect taxation The acquisition and any subsequent transfer of the debt securities will be exempt from indirect taxes in Spain, i.e., exempt from Transfer Tax, Stamp Duty and Value Added Tax, in accordance with Article 338 of Law 6/2023, of 17 March, of the Spanish Securities Markets and Investment Services ( Ley 6/2023, de 17 de marzo, de los Mercados de Valores y de los Servicios de Inversión) and related provisions. E. SPANISH FTT The Spanish tax on financial transactions (the “Spanish FTT”) came into force on January 16, 2021. Spanish FTT charges a 0.2% rate on specific onerous acquisitions of listed shares issued by Spanish companies admitted to trading on a Spanish or other EU-regulatedmarket, or on an equivalent market of a non-EUcountry, with a market capitalization that exceeds €1 billion on December 1 of the year prior to the acquisition, regardless of the jurisdiction of residence of the parties involved in the transaction. The taxpayers ( contribuyentes) are the acquirers of the shares on which the Spanish F