Banco Santander moves to sell senior fixed-to-fixed rate notes

Chicago, Sept. 7 – Banco Santander, SA is marketing a fixed-rate senior non-preferred fixed-to-fixed rate notes offering, according to a 424B5 filing with the Securities and Exchange Commission.

At some point the notes will reset to a revised fixed rate based on the relevant U.S. Treasuries plus a margin.

The notes can be redeemed early, at par, on the reset date. Alternatively, they can be redeemed early for a tax event or a triggering event. Otherwise, they are generally non-callable.

The notes will be listed on the New York Stock Exchange.

BNP Paribas Securities Corp., Goldman Sachs Bank Europe SE, HSBC Securities (USA) Inc., RBC Capital Markets, LLC, Santander Investment Securities Inc., TD Securities (USA) LLC and Wells Fargo Securities, LLC are listed as bookrunners.

Bank of New York Mellon, London Branch is the trustee.

Davis Polk & Wardwell LLP is advising the issuer regarding U.S. law. Uría Menendez Abogados, SLP is working as counsel to the issuer for Spanish law. Linklaters LLP is working for the underwriters for both U.S. and Spanish law.

Proceeds will be used for general corporate purposes.

Madrid-based Santander provides bank services.

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