Company: BCDRF
Filing Date: 2025-01-08
Form Type: 424B5
Source: 0001193125-25-003514
Chunk: 32

Company: Banco Santander, S.A.
Filing Date: 2025-01-08
Form: 424B5
Chunk 32
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rears on January 17 and
July 17 of each year (each a “2030 Fixed Interest Payment Date”), commencing on July 17, 2025, up to and including January 17, 2030 (the “2030 Fixed Rate Notes Maturity Date”) or any date of earlier redemption. Interest will
be paid to holders of record of the 2030 Fixed Rate Notes in respect of the principal amount thereof outstanding as of the close of business 15 calendar days preceding the relevant 2030 Fixed Interest Payment Date, whether or not a Business
Day.

Interest on the 2030 Fixed Rate Notes will be calculated on the basis of a 360-day year
consisting of twelve 30-day months and, in the case of an incomplete month, on the basis of the actual number of days elapsed in such month. If any scheduled 2030 Fixed Interest Payment Date is not a
Business Day, we will pay interest on the next Business Day, but interest on that payment will not accrue during the period from and after the scheduled 2030 Fixed Interest Payment Date. If the 2030 Fixed Rate Notes Maturity Date or date
of redemption or repayment is not a Business Day, we may pay interest and principal on the next succeeding Business Day, but interest on that payment will not accrue during the period from and after the 2030 Fixed Rate Notes Maturity Date or
date of redemption or repayment.

The 2035 Fixed Rate Notes

The 2035 Fixed Rate Notes will be issued in an initial aggregate principal amount of $1,000,000,000 and will mature on January 17, 2035. From
and including the date of issuance, which is expected to be January 17, 2025, interest will accrue on the 2035 Fixed Rate Notes at a rate of 6.033% per annum. Interest will be payable semi-annually in arrears on January 17 and July 17 of each year
(each a “2035 Fixed Interest Payment Date” and, each of the 2030 Fixed Interest Payment Date and the 2035 Fixed Interest Payment Date, an “Interest Payment Date”), commencing on July 17, 2025, up to and including
January 17, 2035 (the “2035 Fixed Rate Notes Maturity Date”) or any date of earlier redemption. Interest will be paid to holders of record of the 2035 Fixed Rate Notes in respect of the principal