Company: BCDRF
Filing Date: 2025-02-28
Form Type: 20-F
Source: 0000891478-25-000054
Chunk: 871

Company: Banco Santander, S.A.
Filing Date: 2025-02-28
Form: 20-F
Chunk 871
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petuity    |
| Banco Santander, S.A., August 2024                              |     | US Dollar                       |     |           | 1,495.6 |     | 8.00%                                                           |     | -J |     | Perpetuity    |
| Santander Finance Preferred, S.A. (Unipersonal), September 2004 |     | Euro                            |     |           |   144.0 |     | €CMS 10 +0.05% subject to a maximum distribution of8% per annum |     |    |     | Perpetuity    |

A.From these dates the issuer can redeem the shares, subject to prior authorization by the national supervisor.

B.Payment is subject to certain conditions and to the discretion of the Banco Santander. The 4.75% interest rate is set for the first seven years. After that, it will be reviewed by applying a margin of 409.7basis points on the Mid-Swap Rate.

C. Payment is subject to certain conditions and to the discretion of the Banco Santander. The 4.375% interest rate is set for the first six years. After that, it will be reviewed every 5years by applying a margin of 453.4basis point on the 5-year Mid-Swap Rate.

D.Payment is subject to certain conditions and to the discretion of Banco Santander. The 4.750% interest rate is set for the first six years, revised every 5years thereafter by applying a margin of 375.3basis points over the 5-year UST rate.

E.Payment is subject to certain conditions and to the discretion of Banco Santander. The 4.125% interest rate is set for the first seven years, revised every 5years thereafter by applying a margin of 431.1basis points over the applicable 5-year Euro mid-swap.

F. Payment is subject to certain conditions and to the discretion of Banco Santander. The 3.625% interest rate is set for the first eight years, revised every 5years thereafter by applying a margin of 376basis points over the 5-year Mid-Swap Rate.

G. Payment is subject to certain conditions and to the discretion of Banco Santander. The 9.625% interest rate is set for the first five years and six months, revised every 5years thereafter by applying a margin of 530.6basis points on the five-yearUST rate.

H. Payment is subject to certain conditions