Company: BCDRF
Filing Date: 2025-01-08
Form Type: 424B5
Source: 0001193125-25-003514
Chunk: 57

Company: Banco Santander, S.A.
Filing Date: 2025-01-08
Form: 424B5
Chunk 57
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 excluding the underwriting discount, will be approximately $1.2 million. The Underwriters have agreed to reimburse us for approximately $0.2 million of such expenses. Matters Relating to the Initial Offering and Market-Making Resales After the initial offering, the public offering prices or any other term of the offering may be changed. S-33

The Notes will be offered in the United States through those Underwriters who are registered
to offer the Notes for sale in the United States either directly or indirectly through their U.S. broker-dealer affiliates, or such other registered dealers as may be designated by the Underwriters. We intend to apply for the listing of the Notes on
the New York Stock Exchange in accordance with its rules. The Notes are a new issue of securities with no established trading market. We have been advised by the Underwriters that the Underwriters, with the exception of Santander US Capital Markets
LLC, intend to make a market in the Notes, but they are not obligated to do so and may discontinue market-making at any time without notice. No assurance can be given as to the liquidity of the trading market for the Notes. If an active trading
market for the Notes does not develop, the market price and liquidity of the Notes may be adversely affected. If the Notes are traded, they may trade at a discount from their initial offering price, depending on prevailing interest rates, the market
for similar securities, Banco Santander’s operating performance and financial condition, general economic conditions and other factors.

In this prospectus supplement, the term “the offering” means the initial offering of the Notes made in connection with their
original issuance and not any subsequent resales of Notes in market-making transactions.

Settlement

The Notes will settle through the facilities of DTC and its direct and indirect participants (including Euroclear and Clearstream Luxembourg).
The initial CUSIP number for the 2030 Fixed Rate Notes is 05964H BJ3 and the ISIN is US05964HBJ32. The initial CUSIP number for the 2035 Fixed Rate Notes is 05964H BK0 and the ISIN is US05964HBK05.

It is expected that delivery of the Notes will be made against payment on or about January 17, 2025, which will be the eighth New York
business day following the date of pricing of the Notes (such settlement cycle being referred to as “T+8”). Trades in the secondary market generally are required to settle in one business day