Company: BCDRF
Filing Date: 2025-01-08
Form Type: 424B5
Source: 0001193125-25-003514
Chunk: 148

Company: Banco Santander, S.A.
Filing Date: 2025-01-08
Form: 424B5
Chunk 148
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Banking Regulations as at the issue date of the relevant securities or (ii) is as a result of the relevant securities (as applicable) being bought back by or on behalf of Banco Santander or a buy back of the relevant securities which is funded by or on behalf of Banco Santander. “TLAC/MREL Eligible Instrument” means an instrument that is eligible to be counted towards the TLAC and/or MREL and, for the avoidance of doubt, irrespective of the quantum limitation that may be applicable to certain types of instruments by the Applicable Banking Regulations. General The debt 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, Spain or any other jurisdiction. The debt securities will be direct, unconditional and unsecured debt obligations of Banco Santander. The indentures do not limit the amount of debt securities that Banco Santander may issue. Banco Santander may issue debt securities in one or more series. The relevant prospectus supplement and any related issuer free writing prospectus for any particular series of debt securities will describe the terms of the offered debt securities, including but not limited to, some or all of the following terms:

| • |     | whether they are senior preferred debt securities, senior non preferred debt securities or subordinated debt 
 securities;                                                                                                  |

| • |     | the rank of such senior preferred debt securities, senior non preferred debt securities or subordinated debt 
 securities if different from that set forth in this prospectus;                                              |

| • |     | with respect to the subordinated debt securities, whether the payment of interest can be deferred, whether the                                                                                                                                           
 payment of principal can be deferred, the subordination terms, if different from those set forth in this prospectus, and the redemption terms and the events of default applicable to each series of the subordinated debt securities, if different from 
 those set forth in this prospectus;                                                                                                                                                                                                                      |

| • |     | with respect to the senior non preferred debt securities, the redemption terms and the events of default                     
 applicable to each series of the senior non preferred debt securities, if different from those set forth in this prospectus; |

| • |     | their specific designation, authorized denomination and aggregate principal amount (and any limitations of such 
 aggregated principal amount);                                                                                   |

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

| • |     | the date or maturity of the debt securities; |

| • |     |