Company: BCDRF
Filing Date: 2025-02-14
Form Type: 6-K/A
Source: 0000950103-25-002014
Chunk: 1

Company: Banco Santander, S.A.
Filing Date: 2025-02-14
Form: 6-K/A
Chunk 1
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Notes" and each a “Series”) to tender any and all of such Notes for purchase
by the Offeror for cash, in accordance with the terms of the tender offer memorandum dated 6 February 2025 (the "Tender Offer Memorandum") (the "Offers"), the Offeror now announces the results of the Offers.

Capitalised terms used but not otherwise
defined in this announcement shall have the meaning given to them in the Tender Offer Memorandum.

The Expiration Time for the Offers was
5.00 p.m. (CET) on 12 February 2025.

The Offeror hereby announces that it
will accept for purchase in accordance with the terms and subject to the conditions set out in the Tender Offer Memorandum and at the
relevant Purchase Price: (i) €600,800,000 in aggregate principal amount of the EUR 2026 Notes; and (ii) €563,600,000 in aggregate
principal amount of the EUR 2027 Notes, as set out in the table below.

| Description of Notes                                                     | ISIN         | Maturity Date   | Aggregate principal amount accepted | Reference Benchmark                 | Reference Benchmark Yield | Purchase Spread | Purchase Yield | Purchase Price (expressed as a percentage) |
| €1,500,000,000 3.250 per cent. Subordinated Instruments due April 2026   | XS1384064587 | 4 April 2026    | €600,800,000                        | EUR 2026 Interpolated Mid-Swap Rate | 2.356%                    | +25 bps.        | 2.606%         | 100.701%                                   |
| €1,000,000,000 3.125 per cent. Subordinated Instruments due January 2026 | XS1548444816 | 19 January 2027 | €563,600,000                        | EUR 2027 Interpolated Mid-Swap Rate | 2.284%                    | +35 bps.        | 2.634%         | 100.905%                                   |

Notes purchased by the Offeror pursuant
to the Offer will be cancelled by the Offeror and will not be re-issued or re-sold. Notes which have not been validly submitted or validly
submitted but not accepted for purchase pursuant to the Offer will remain outstanding. Following the Settlement Date, there will be an
outstanding nominal amount of (i) €899,200,000 of EUR