Company: BCDRF
Filing Date: 2025-10-31
Form Type: 424B5
Source: 0001193125-25-260533
Chunk: 13

Company: Banco Santander, S.A.
Filing Date: 2025-10-31
Form: 424B5
Chunk 13
---
 Senior Non Preferred Fixed Rate Notes due 2030. |

| 2035 Fixed Rate Notes | $1,250,000,000 aggregate principal amount of 5.127% Senior Non Preferred Fixed Rate Notes due 2035. |

| Interest Rate | For each Interest Period (as defined herein), the 2030 Floating Rate Notes will bear interest at a rate per annum equal to the Compounded SOFR plus 112 basis points, subject to a minimum interest rate of 0.000% (the “2030 Floating Rate 
 Interest Rate”).                                                                                                                                                                                                                            |

| The 2030 Fixed Rate Notes will bear interest at a rate of 4.551% per annum (the “2030 Fixed Rate Interest Rate”). |

| The 2035 Fixed Rate Notes will bear interest at a rate of 5.127% per annum (the “2035 Fixed Rate Interest Rate”). |

| Compounded SOFR | With respect to the 2030 Floating Rate Notes, “Compounded SOFR” is a compounded average of daily SOFR determined for each quarterly Interest Period in accordance with the specific formula set forth under “Description of the 
 Notes—The 2030 Floating Rate Notes”.                                                                                                                                                                                            |

S-2

| and including the 2030 Fixed Rate Notes Maturity Date or any date of earlier redemption. |

| 2030 Floating Rate Notes Observation Period | In respect of each Interest Period, the period from, and including, the date five (5) U.S. Government Securities Business Days (as defined herein) preceding the first date in such Interest Period to, but excluding, the date five 
 (5) U.S. Government Securities Business Days preceding the Floating Interest Payment Date for such Interest Period.                                                                                                                  |

| “U.S. Government Securities Business Day” means any day except for a Saturday, Sunday or a day on which the Securities Industry and Financial Markets Association (SIFMA) recommends that the fixed income 
 departments of its members be closed for the entire day for purposes of trading in U.S. government securities.                                                                                             |

| 2030 Floating Rate Notes Interest Payment Determination Date | Interest on the 2030 Floating Rate Notes will be determined five (5) U.S. Government Securities Business Days prior to each Floating Interest Payment Date. |

| Regular Record Dates | Interest will be paid to holders of record of the Notes in respect of the principal amount thereof outstanding as of the close of business 15 calendar days preceding the relevant Interest Payment Date (as defined herein), whether or