Company: BCDRF
Filing Date: 2025-10-31
Form Type: 424B5
Source: 0001193125-25-260533
Chunk: 174

Company: Banco Santander, S.A.
Filing Date: 2025-10-31
Form: 424B5
Chunk 174
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but not, unless and to the extent that the relevant prospectus supplement specifies otherwise, in part) the debt securities of such series at
their call early redemption amount (the “Early Redemption Amount (Call)”) (which shall be their principal amount or such other Early Redemption Amount (Call) as may be specified in or determined in the relevant prospectus supplement),
together with any accrued interest (if any) thereon to (but excluding) the date or dates fixed for redemption.

In the case of senior non
preferred debt securities, subordinated debt securities or senior preferred debt securities constituting TLAC/MREL Eligible Instruments, redemption at the option of Banco Santander will be subject to the prior consent of the Regulator if and as
required under Applicable Banking Regulations and may only take place in accordance with Applicable Banking Regulations in force at the relevant time. In particular, Optional Early Redemption (Call) of subordinated debt securities may be made only
after five years from their date of issuance or any other minimum period permitted by the Applicable Banking Regulations.

Partial Redemption

If the debt securities of any series are to be redeemed in part only on any date in accordance with
“—Optional Early Redemption (Call)” above, the debt securities to be redeemed will be selected not more than 30 days nor less than five (5) days prior to such redemption date by the Trustee pro rata to their
principal amounts, or by lot or by such method as the Trustee deems fair and appropriate, provided that the amount redeemed in respect of the debt securities of such series shall be equal to the minimum authorized denomination or an integral
multiple thereof, subject always to compliance with all applicable laws and the requirements of any clearing system on which the debt securities of such series may be cleared and of any listing authority, stock exchange and/or quotation system on
which the debt securities of such series may be listed and/or quoted. In the case of debt securities issued in global form, DTC shall select Book-Entry Interests in such debt securities as described under “—Form of Securities; Book-Entry System” below. The Trustee shall not be liable for selections made by it in accordance with this paragraph or for selections made by DTC. No debt securities of $2,000 or less can be redeemed in part.

In the case of senior non preferred debt securities and subordinated debt securities partial redemption will be subject to the prior consent
of the Regulator if and as required under Applicable Banking Regulations and may only