Banco Santander, S.A., in compliance
with the Securities Market legislation, hereby communicates the
following:
INSIDE INFORMATION
Banco Santander, S.A.
(the "Issuer" or
"Banco Santander")
announces its decision to carry out the optional early redemption
of all outstanding contingent redeemable perpetual bonds
(Obligaciones Perpetuas
contingentemente amortizables (Bonos de Fidelización)), with
ISIN code ES0213900220, for a nominal total value of nine hundred
eighty-one million euros (EUR 981,000,000), which are traded on the
AIAF Fixed Income Market (Mercado
AIAF de Renta Fija) (the "Bonds").
The early redemption of all of the
outstanding Bonds, for which the pertinent regulatory authorization
has already been received, will be carried out on the first
optional early redemption window on the seventh anniversary date of
the issuance, falling on the remuneration payment date on 15
December 2024, pursuant to the provisions of section 4.8 (Maturity
date and redemption assumptions) of the Note on Securities relating
to the public offer for sale of the Bonds approved and registered
with the CNMV on 12 September 2017 (the "Securities Note"). The decision of the
Issuer to exercise the optional early redemption right is
irrevocable, and holders of the Bonds are being informed by means
of this announcement of inside information and other foreseen
notices, in the form, within the required timeframe, and for the
purposes set out in section 4.8 of the Securities Note.
The early redemption price, which
will be equal to 100% of the outstanding nominal value of each Bond
plus any accrued and unpaid remuneration associated to each Bond up
to 15 December 2024, will be paid on such date to the holders of
the Bonds by Banco Santander as the paying agent, in accordance
with the Securities Note.
Boadilla
del Monte (Madrid), 16 October 2024
IMPORTANT
INFORMATION
Not
a securities offer
This document and the information it
contains does not constitute an offer to sell nor the solicitation
of an offer to buy any securities.
Past
performance does not indicate future outcomes
Statements about historical
performance or growth rates must not be construed as suggesting
that future performance, share price or results (including earnings
per share) will necessarily be the same or higher than in a
previous period. Nothing in this document should be taken as a
profit and loss forecast.