Company: BCDRF
Filing Date: 2025-01-08
Form Type: 424B5
Source: 0001193125-25-003514
Chunk: 143

Company: Banco Santander, S.A.
Filing Date: 2025-01-08
Form: 424B5
Chunk 143
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2014/59/EU of 15 May establishing the framework for
the recovery and resolution of credit institutions and investment firms or such other directive as may come into effect in place thereof, as amended from time to time.

“Business Day” means, unless otherwise provided for in the applicable prospectus supplement, any day, other than Saturday or Sunday,
that is not a legal holiday nor a day on which banking institutions are authorized or required by law, regulation or executive order to close in the City of New York or London nor a day when the Trans-European Automated Real-time Gross Settlement
Express Transfer system (the “TARGET2 System”), or any successor thereto, is closed for business.

“Calculation Agent”
means the Trustee or such other person authorized by Banco Santander as the party responsible for calculating the rate(s) of interest and interest amount(s) and/or such other amount(s) from time to time in relation to any series of debt securities
as may be specified in the relevant prospectus supplement.

“Capital Disqualification Event” means a change in Spanish law,
Applicable Banking Regulations or any change in the application or official interpretation thereof that results or is likely to result in the entire outstanding aggregate principal amount of subordinated debt securities of any series ceasing to be
included in, or counting towards, Banco Santander and/or the Group’s Tier 2 Capital.

“CET1 Capital” means at any time, the
common equity tier 1 capital of Banco Santander or the Group, respectively, as calculated in accordance with Chapter 2 (Common Equity Tier 1 Capital) of Title I (Elements of own funds) of Part Two (Own Funds and Eligible Liabilities) of the CRR
and/or Applicable Banking Regulations at such time, including any applicable transitional, phasing in or similar provisions;

“Common
Equity Tier 1 Instruments” means instruments qualifying as CET1 Capital.

“CRD IV” means any or any combination of the CRD
IV Directive, the CRR, and any CRD IV Implementing Measures.

“CRD IV Directive” means Directive 2013/36/EU of the European
Parliament and of the Council of 26 June 2013 on access to the activity of credit institutions and the prudential supervision of credit institutions and investment firms, amending Directive 2002/87/EC and repealing Directives 2006/48/EC and
2006/49/EC or such other directive as may come into