Company: BCDRF
Filing Date: 2025-01-08
Form Type: 424B5
Source: 0001193125-25-003514
Chunk: 229

Company: Banco Santander, S.A.
Filing Date: 2025-01-08
Form: 424B5
Chunk 229
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 a number of more decimal places than the initial Floor Price, shall be rounded down to such decimal place. No adjustment shall be made to the Floor Price where such adjustment (rounded down if applicable) would be less than 1 percent of the Floor Price then in effect. Any adjustment not required to be made and/or any amount by which the Floor Price has been rounded down, shall be carried forward and taken into account in any subsequent adjustment, and such subsequent adjustment shall be made on the basis that the adjustment not required to be made had been made at the relevant time and/or, as the case may be, that the relevant rounding down had not been made. Notice of any adjustments to the Floor Price shall be given by Banco Santander to holders of the contingent convertible capital securities of any series through the filing of an inside information/other relevant information ( información privilegiada/ otra información relevante) announcement with the CNMV and its publication in accordance with the rules and regulations of any applicable stock exchange or other relevant authority and in accordance with “ —Notices” below promptly after the determination thereof. Conversion Procedures If the Trigger Event occurs at any time on or after the issue date of any series of contingent convertible capital securities, then Banco Santander will: notify the Regulator and holders of such series of contingent convertible capital securities immediately through (i) the filing of an inside information/other relevant information ( información privilegiada/ otra información relevante) announcement with the CNMV and its publication in accordance with the rules and regulations of any applicable stock exchange or other relevant authority and (ii) to the Regulator, holders and the Trustee in accordance with “ —Notices” below (the “Trigger Event Notice”); A Trigger Event Notice shall be a written notice specifying the following information:

| • |     | that a Trigger Event has occurred; |

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| • |     | the then-prevailing Conversion Price (which Conversion Price shall remain subject to any subsequent adjustment as 
 set forth under “—Anti-Dilution Adjustment of the Floor Price”);                                                  |

| • |     | the Conversion Settlement Date; |

| • |     | the date on which Banco Santander expects DTC to suspend all clearance and settlement of transactions in the 
 Securities in accordance with its rules and procedures (the “Suspension Date”);                              |

| • |     | the contact details of the Settlement Shares Depository (if one has been appointed) and Paying and Conversion                                              
 Agent and the procedures holders of the contingent convertible capital securities must