Company: BCDRF
Filing Date: 2025-01-08
Form Type: 424B5
Source: 0001193125-25-003514
Chunk: 186

Company: Banco Santander, S.A.
Filing Date: 2025-01-08
Form: 424B5
Chunk 186
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 occurrence of certain events. The contingent convertible capital securities are not deposits and are not insured or guaranteed by the U.S. Federal Deposit Insurance Corporation or any other government agency of the United States or the Kingdom of Spain. Banco Santander may issue contingent convertible capital securities in one or more series. The relevant prospectus supplement for any particular series of contingent convertible capital securities will describe the terms of the offered contingent convertible capital securities, including, but not limited to, some or all of the following terms, to the extent such terms differ from or are in addition to those set forth in this prospectus:

| • |     | the specific designation and Liquidation Preference of the contingent convertible capital securities; |

| • |     | how to calculate Distributions; |

| • |     | the date or dates from which Distributions, if any, will accrue or the method, if any, by which such date or 
 dates will be determined;                                                                                    |

| • |     | the price or prices at which they will be issued; |

| • |     | the terms on which the contingent convertible capital securities may or are required to convert into ordinary                                                                         
 shares of Banco Santander and any specific terms relating to the conversion or exchange feature, including upon the occurrence of certain events relating to our financial condition; |

| • |     | whether payments are subject to certain conditions that relate to our financial condition, including our capital 
 ratios;                                                                                                          |

| • |     | the times and places at which any Distributions are payable; |

| • |     | the terms and conditions of any mandatory redemption; |

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| • |     | the terms and conditions, if any, under which Banco Santander may elect to substitute or vary the terms of the 
 contingent convertible capital securities;                                                                     |

| • |     | the currency or currencies in which Liquidation Preference and Distributions are denominated and in which Banco 
 Santander will make any payments;                                                                               |

| • |     | any index used to determine the amount of any payments on the contingent convertible capital securities; |

| • |     | any restrictions that apply to the offer, sale and delivery of the contingent convertible capital securities; |

| • |     | whether and under what circumstances, if other than those described in this prospectus, Banco Santander will pay                                                                                                                                         
 additional amounts on the contingent convertible capital securities following certain developments with respect to withholding tax or information reporting laws and whether, and on what terms, if other than those described in this prospectus, Banco 
 Sant