Company: BCDRF
Filing Date: 2025-10-31
Form Type: 424B5
Source: 0001193125-25-260533
Chunk: 159

Company: Banco Santander, S.A.
Filing Date: 2025-10-31
Form: 424B5
Chunk 159
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 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 effect in place thereof, as amended or replaced from time to time.

“CRD IV Implementing Measures” means any
regulatory capital rules implementing the CRD IV Directive or the CRR which may from time to time be introduced, including, but not limited to, delegated or implementing acts (regulatory technical standards) adopted by the European Commission,
national laws and regulations, and regulations and guidelines issued by the Regulator, the European Banking Authority or any other relevant authority, which are applicable to Banco Santander (on a standalone basis) or the Group (on a consolidated
basis) and which prescribe the requirements to be fulfilled by financial instruments for inclusion in the regulatory capital or the minimum requirement for own funds and eligible liabilities, as the case may be, of Banco Santander (on a standalone
basis) or the Group (on a consolidated basis).

“CRR” means Regulation (