SANTAN 3.125% 06Oct2026 Corp (GBP)

Bond Factsheet

Matured/ Called

Banco Santander S.A.

Indicative

Full Lot

Bid Price

99.830

Change in Bid Price

Bid Yield (%)

3.301 %

Change in Bid Yield

remove 2.571

Ask Price

100.064

Change in Ask Price

Ask Yield (%)

3.059 %

Change in Ask Yield

remove 2.565

Indicative price as of 06 Oct 2025, 12:00am

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Bond Information

Banco Santander S.A. attracts deposits and offers retail, commercial and private banking, and asset management services. The Bank offers consumer credit, mortgage loans, lease financing, factoring, mutual funds, pension funds, insurance, commercial credit, investment banking services, structured finance, and advice on mergers and acquisitions.

Bond Issuer

Banco Santander S.A.

Guarantor

Announcement Date

30 Mar 2022

Issue Date

06 Apr 2022

Maturity Date

06 Oct 2026

Years to Maturity / Next Call

0.005 / -

Modified Duration

Issue / Reoffer Price

99.717

Issue / Reoffer Yield

3.215

Coupon Type

Variable

Annual Coupon Rate

3.125

Coupon Frequency

Annually

Seniority

Senior Non Preferred

Capital Structure

Senior Non Preferred

Reference Rate

Reset Date: 6 Oct 2025
Reset Rate: Reset Rate: 1 Year UKT Gilts + Initial Margin (1.800%)

ISIN

XS2450068379

CUSIP

BV6298087

Bond Currency

GBP

Total Issue Size

500,000,000

Min. Investment Quantity (Nominal)

GBP 100,000

Incremental Quantity (Nominal)

GBP 100,000

Bond Type

Corporate

Bond Sector

Financials

Bond Sub Sector

Banks

Issuer Credit Rating (S&P/ Fitch)

***/ A

Bond Credit Rating (S&P/ Fitch)

***/ A

Shariah Compliant

Exchange Listed

Others

Bond Feature(s)

Loss Absorption

Bail-in

The “Spanish Bail-in Power” is any write-down, conversion, transfer, modification, or suspension power existing from time to time under, and exercised in compliance with any laws, regulations, rules or requirements in effect in Spain, relating to the transposition of the BRRD (including BRRD II), as amended from time to time, including, but not limited to (i) Law 11/2015, as amended from time to time, (ii) Royal Decree 1012/2015, as amended from time to time, (iii) the SRM Regulation, as amended from time to time (including SRM II), and (iv) any other instruments, rules or standards made in connection with either (i), (ii) or (iii), pursuant to which any obligations of an institution can be reduced, cancelled, modified, or converted into shares, other securities, or other obligations of such institution or any other person (or suspended for a temporary period).

Issuer Call

If Call Option is specified in the relevant Final Terms as being applicable, then the Issuer may, having given not less than 15 calendar days’ notice (or such lesser period as may be specified in the relevant Final Terms) to the Registrar (in the case of Registered Instruments), the Issue and Paying Agent and, in accordance with Condition 15, the Holders of the Instruments (which notice shall be signed by two duly Authorised Signatories, shall be irrevocable and shall specify the date for redemption) and subject to such conditions as may be specified in the relevant Final Terms, redeem all (but not, unless and to the extent that the relevant Final Terms specifies otherwise, some only) of the Instruments of the relevant Series, on the Early Redemption Date(s) specified in the relevant Final Terms, at their call early redemption amount (the “Early Redemption Amount (Call)”) (which shall be their principal amount or such other Early Redemption Amount (Call) as may be specified in or determined in accordance with the relevant Final Terms) less, in the case of any Instalment Instrument, the aggregate amount of all instalments that shall have become due and payable under any other Condition (which amount, if and to the extent not then paid, remains due and payable), together with interest accrued to (but excluding) the date of redemption.

Call Option: Applicable

Early Redemption Date(s): 6 October 2025

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