Company: BCDRF
Filing Date: 2025-10-31
Form Type: 424B5
Source: 0001193125-25-260533
Chunk: 164

Company: Banco Santander, S.A.
Filing Date: 2025-10-31
Form: 424B5
Chunk 164
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 currencies in which they are denominated and in which Banco Santander will make any payments; |

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| • |     | any index used to determine the amount of any payments on the debt securities; |

| • |     | any restrictions that apply to the offer, sale and delivery of the debt securities and the exchange of debt 
 securities of one form for debt securities of another form;                                                 |

| • |     | whether and under what circumstances, if other than those described in this prospectus, Banco Santander will pay                                                                                         
 additional amounts on the debt securities and whether, and on what terms, if other than those described in this prospectus, Banco Santander may redeem the debt securities following those developments; |

| • |     | the clearing system in which such debt securities will be settled and cleared; and |

| • |     | any listing on a securities exchange. |

Holders of debt securities shall have no voting rights except those described under the heading “ —Modification and Waiver” below. Payments of Interest Banco Santander will make any payments of interest and principal on any particular series of debt securities on the dates and, in the case of payments of interest, at the rate or rates, that Banco Santander sets out in, or that are determined by the method of calculation described in, the relevant prospectus supplement. All payments in respect of the debt securities will be subject in all cases to any fiscal or other laws and regulations applicable thereto in the place of payment (including FATCA, any regulations or agreements thereunder, any official interpretation thereof, any intergovernmental agreements with respect thereto, or any law implementing an intergovernmental agreement or any regulations or official interpretations relating thereto), subject to the provisions under “ —Additional Amounts” below. Status of the Debt Securities Senior preferred debt securities Unless the relevant prospectus supplement provides otherwise, the payment obligations of Banco Santander in respect of principal under the senior preferred debt securities of any series constitute direct, unconditional, unsubordinated and unsecured obligations ( créditos ordinarios) of Banco Santander and, in accordance with Additional Provision 14.2 of Law 11/2015, but subject to any other ranking that may apply as a result of any mandatory provision of law (or otherwise), upon the insolvency of Banco Santander, such payment obligations rank (i) pari passuamong themselves and with any other Senior Higher Priority Liabilities (as defined below) and (ii) senior to (x) any Senior Non Preferred Liabilities (as