Company: BCDRF
Filing Date: 2025-10-31
Form Type: 424B5
Source: 0001193125-25-260533
Chunk: 55

Company: Banco Santander, S.A.
Filing Date: 2025-10-31
Form: 424B5
Chunk 55
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 in the case of the 2030 Floating Rate Notes, a number of days which is equal to the
aggregate of the number of days falling within the then current Interest Period plus 60 days) to the earliest date on which Banco Santander would be obliged to pay such Additional Amounts were a payment in respect of the Notes of the relevant series
then due and (ii) redemption for taxation reasons may only take place in accordance with Applicable Banking Regulations (including, without limitation, in accordance with Articles 77 and 78a of the CRR) in force at the relevant time and subject
to Banco Santander obtaining Supervisory Permission therefor, if and as required.

Early Redemption for a TLAC/MREL Disqualification Event

See “Description of Debt Securities—Redemption and Repurchase—Early Redemption of Senior Debt Securities for a TLAC/MREL Disqualification Event”in the accompanying prospectus.

S-33

Clean-upRedemption If 75% or more of the initial aggregate principal amount of a series of Notes (which, for the avoidance of doubt, includes any additional issuances issued subsequently and constituting a single series of securities under the Base Indenture, as described under “ Description of Debt Securities—Additional Issuances” in the accompanying prospectus) have been redeemed or purchased by, or on behalf of, Banco Santander and cancelled, Banco Santander may, on any date that is an Interest Payment Date on the Notes of the relevant series, at its option and having given no less than five (5) nor more than 30 days’ notice (ending, in the case of the 2030 Floating Rate Notes, on a Floating Interest Payment Date) to the holders of the Notes of the relevant series in accordance with the terms described under “ Description of Debt Securities—Notices” in the accompanying prospectus (which notice shall be irrevocable and shall specify the date for redemption) and a concurrent copy thereof to the Trustee, elect to redeem in whole but not in part the outstanding Notes of such series (the “Clean-upRedemption”). The Notes of the relevant series will be redeemed at their early clean-upredemption amount, which shall be their principal amount, together with any accrued and unpaid interest thereon to (but excluding) the date fixed for redemption. The Clean-upRedemption is subject to Banco Santander obtaining prior Supervisory Permission, if and as required under Applicable Banking Regulations, and may only take place in accordance with Applicable Banking Regulations (including,