Company: BCDRF
Filing Date: 2025-02-06
Form Type: 6-K
Source: 0000950103-25-001676
Chunk: 12

Company: Banco Santander, S.A.
Filing Date: 2025-02-06
Form: 6-K
Chunk 12
---
 sold or otherwise made available to any retail investor in the United Kingdom (“UK”). For these purposes,
a retail investor means a person who is one (or more) of: (i) a retail client, as defined in point (8) of Article 2 of Regulation (EU)
No. 2017/565 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 (the “EUWA”);
or (ii) a customer within the meaning of the provisions of the Financial Services and Markets Act 2000 and any rules or regulations made
under the FSMA to implement Directive (EU) 2016/97, where that customer would not qualify as a professional client, as defined in point
(8) of Article 2(1) of Regulation (EU) No. 600/2014 as it forms part of UK domestic law by virtue of the EUWA; or (iii) not a qualified
investor as defined in Article 2 of the Prospectus Regulation as it forms part of UK domestic law by virtue of the EUWA. Consequently,
no key information document required by Regulation (EU) No. 1286/2014 as it forms part of UK domestic law by virtue of the EUWA (the “UK PRIIPs Regulation”) for offering or selling the New Notes or otherwise making them available to retail investors in the UK has
been prepared and therefore offering or selling the New Notes or otherwise making them available to any retail investor in the UK may
be unlawful under the UK PRIIPs Regulation.

The New Notes are being offered outside the United
States to non-U.S. persons, pursuant to the provisions of Regulation S. The New Notes will not be registered under the Securities Act
or the securities laws of any state or other jurisdiction of the United States and may not be offered or sold in the United States or
delivered, directly or indirectly, within the United States or to, or for the account or benefit of, U.S. persons absent registration
or an applicable exemption from the registration requirements of the Securities Act. Any investment decision to purchase any New Notes
should be made solely on the basis of the information contained in (i) the Base Prospectus and (ii) each of the final terms in respect
of the New Notes (when available).

The New Notes are not being, and will not be, offered
or sold in the United States. Nothing in this announcement constitutes an offer to sell or the