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

Company: Banco Santander, S.A.
Filing Date: 2025-01-08
Form: 424B5
Chunk 25
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 interests in the Notes will be held through DTC and its direct and indirect participants, including Euroclear 
 and Clearstream Luxembourg, and DTC and its direct and indirect participants will record the beneficial interest on their books. We will not issue definitive notes other than in the limited circumstances described in the accompanying prospectus.  
 Settlement of the Notes will occur through DTC in same-day funds. For information on DTC’s book-entry system, see “Description of Certain Provisions Relating to Debt Securities and Contingent                                                        
 Convertible Capital Securities—Form of Securities; Book-Entry System” in the accompanying prospectus.                                                                                                                                                  |

| CUSIP | 2030 Fixed Rate Notes: 05964H BJ3. |

| 2035 Fixed Rate Notes: 05964H BK0. |

| ISIN | 2030 Fixed Rate Notes: US05964HBJ32. |

| 2035 Fixed Rate Notes: US05964HBK05. |

| Listing | We intend to apply to list the Notes on the New York Stock Exchange in accordance with its rules. |

| Trustee, Principal Paying Agent | The Bank of New York Mellon, London Branch, a banking corporation duly organized and existing under the laws of the State of New York, as Trustee, having its Corporate Trust Office at 160 Queen Victoria Street, London EC4V 4LA, United Kingdom, 
 will act as the Trustee and principal paying agent for the Notes.                                                                                                                                                                                   |

S-11

| Use of Proceeds | We intend to use the net proceeds from the sale of the Notes for general corporate purposes. See “Use of Proceeds.” |

| Conflicts of Interest | Santander US Capital Markets LLC is a subsidiary of Banco Santander. Therefore, Santander US Capital Markets LLC is deemed to have a “conflict of interest” under FINRA Rule 5121 and, accordingly, the offering of the notes will comply 
 with the applicable requirements of FINRA Rule 5121.                                                                                                                                                                                      |

| For further information, see “Underwriting (Conflicts of Interest).” |

| Governing Law | The Base Indenture, the Second Supplemental Indenture and the Notes will be governed by and construed in accordance with the laws of the State of New York, except that the authorization and execution by Banco Santander of the Base Indenture, the 
 Second Supplemental Indenture and the Notes, and certain provisions of the Notes, the Base Indenture and