Obligation Banco Santander 3.381% ( XS0713861127 ) en EUR

Banco Santander

100 % ▲

Espagne

XS0713861127 ( en EUR )

3.381% par an ( paiement annuel )

01/12/2015 - Obligation échue

Prospectus brochure de l'obligation Banco Santander XS0713861127 en EUR 3.381%, échue

100 000 EUR

1 197 500 000 EUR

L'Obligation émise par Banco Santander ( Espagne ) , en EUR, avec le code ISIN XS0713861127, paye un coupon de 3.381% par an.
Le paiement des coupons est annuel et la maturité de l'Obligation est le 01/12/2015

Final Terms dated 22 December 2011
Santander International Debt, S.A. Unipersonal
Issue of EUR 33,800,000 New Euro Denominated Fixed Rate Senior Instruments due December 2015 (to
be consolidated and form a single series with the existing EUR 1,116,200,000 New Euro denominated
Fixed Rate Senior Instruments due December 2015 issued on December 1, 2011 as Tranche 1 of Series
187 (the "Existing Instruments"))
Guaranteed by Banco Santander, S.A.
under the 32,000,000,000 Programme for the Issuance of Debt Instruments
guaranteed by Banco Santander, S.A.

The Base Prospectus referred to below (as completed by these Final Terms) has been prepared on the
basis that any offer of Instruments in any Member State of the European Economic Area which has
implemented the Prospectus Directive (2003/71/EC), as amended, (each, a Relevant Member State) will
be made pursuant to an exemption under the Prospectus Directive, as implemented in that Relevant
Member State, from the requirement to publish a prospectus for offers of the Instruments. Accordingly
any person making or intending to make an offer in that Relevant Member State of the Instruments may
only do so in circumstances in which no obligation arises for the Issuer or any Dealer to publish a
prospectus pursuant to Article 3 of the Prospectus Directive or supplement a prospectus pursuant to
Article 16 of the Prospectus Directive, in each case, in relation to such offer. Neither the Issuer nor any
Dealer has authorised, nor do they authorise, the making of any offer of Instruments in any other
circumstances.

PART A -- CONTRACTUAL TERMS
Terms used herein shall be deemed to be defined as such for the purposes of the Conditions set forth in
the Base Prospectus dated 8 November 2011 which constitutes a base prospectus for the purposes of the
Prospectus Directive (Directive 2003/71/EC, as amended) (the Prospectus Directive). This document
constitutes the Final Terms of the Instruments described herein for the purposes of Article 5.4 of the
Prospectus Directive and must be read in conjunction with such Base Prospectus. Full information on the
Issuer, the Guarantor and the offer of the Instruments is only available on the basis of the combination of
these Final Terms and the Base Prospectus dated 8 November 2011. The Base Prospectus is available for
viewing at the registered office of each of the Issuers and the head office of the Guarantor (being Ciudad
Grupo Santander, Avenida de Cantabria s/n, 28660 Boadilla del Monte, Madrid, Spain), the offices of the
Issue and Paying Agent, Citibank, N.A., London Branch, at Citigroup Centre, Canada Square, London
E14 5LB and at the offices of the Paying Agent and Listing Agent of Dexia Banque Internationale à
Luxembourg, société anonyme, 69 route d'Esch, L-2953 Luxembourg, and on the website www.bourse.lu
and copies may be obtained from the addresses specified above.

1.
(i)
Issuer:
Santander International Debt, S.A. Unipersonal

(ii)
Guarantor
:
Banco Santander, S.A.

2. (i)
Series
Number:
187

(ii)
Tranche
Number:

2

The Instruments will be consolidated and form a single
series with the Existing Instruments, such consolidation to
become effective as from the exchange of the Temporary
Global Note for the Permanent Global Note (the "Exchange
Date"), which is expected to be on 6th February, 2011

3. Specified
Currency
or Currencies:
Euro ("EUR")

4. Aggregate
Principal
Amount:

(i)
Series:

EUR
1,150,000,000
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(ii)
Tranche:

EUR
33,800,000

5.
Issue Price:
100 per cent. of the Aggregate Principal Amount (the Issue
Price) plus an amount of EUR 81,180.95 corresponding to
accrued interest for the period from, and including 1
December 2011 to, but excluding, the Issue Date.

6.
Specified Denominations:
EUR 100,000

7. (i) Issue
Date:
27 December 2011

(ii)
Interest
Commencement
1 December 2011
Date:

8. Maturity
Date:
1 December 2015

9.
Interest Basis:
3.381% per cent. Fixed Rate
(further particulars specified below)

10.
Redemption/Payment Basis:
Redemption at par

11.
Change of Interest or
Not applicable
Redemption/Payment Basis :

12.
Put/Call Options:
Not applicable

13.
(i)
Status of the Instruments:
Senior

(ii)
Status of the Guarantee:
Senior

(iii)
Date Board approval for
20 December 2011
issuance of Instruments
obtained:

14.
Method of distribution:
Non Syndicated

PROVISIONS RELATING TO INTEREST (IF ANY) PAYABLE

15.
Fixed Rate Instrument Provisions Applicable

(i)
Rate of Interest:
3.381 per cent. per annum payable annually in arrear

(ii)
Interest Payment Dates:
1 December in each year, from and including 1 December
2012.

(iii)
Fixed Coupon Amount:
EUR 3,381 per EUR 100,000 nominal amount

(iv)
Day Count Fraction:
Actual/Actual (ICMA)

(v)
Determination Dates:
1 December in each year

(vi)
Broken Amount(s):
Not applicable

(vii) Other terms relating to the Not applicable
method of calculating interest
for Fixed Rate Instruments:

16.
Floating Rate Instrument
Not applicable
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Provisions

17.
Index-Linked Interest
Not applicable
Instrument/other Variable -
Linked Interest Instrument
Provisions

18.
Dual Currency Note Provisions
Not applicable

PROVISIONS RELATING TO REDEMPTION

19.
Call Option
Not applicable

20.
Put Option
Not applicable

21.
Maturity Redemption Amount of EUR 100,000 per Instrument of EUR 100,000 Specified
each Instrument
Denomination

22.
Early Redemption Amount (Tax)

Early Redemption Amount(s) of each As per the Conditions
Instrument payable on redemption
for taxation reasons or on event of
default or other early redemption
and/or the method of calculating the
same (if required or if different from
that set out in the Conditions):

GENERAL PROVISIONS APPLICABLE TO THE INSTRUMENTS
23.
Form of Instrument
Bearer

Temporary Global Instrument exchangeable for a
Permanent Global Instrument which is exchangeable for
Definitive Instruments in the limited circumstances
specified in the Permanent Global Instrument

24.
New Global Note:
Yes

25.
Talons for future Coupons or Receipts No
to be attached to Definitive Instruments
(and dates on which such Talons
mature):

26.
Details relating to Partly Paid
Not applicable
Instruments: amount of each payment
comprising the Issue Price and date on
which each payment is to be made and
consequences (if any) of failure to pay,
including any right of the Issuer to
forfeit the Instruments and interest due
on late payment:

27.
Business Day: TARGET
Business
Day

28.
Relevant Financial Centre:
Not applicable

29.
Relevant Financial Centre Day: Not
applicable

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30.
Details relating to Instalment
Not applicable
Instruments: amount of each Instalment
date on which each payment is made:

31.
Temporary Commissioner:
Mr. Jesús Merino

32.
Other final terms:
Not applicable

DISTRIBUTION

33.
(i)
If syndicated, names and
Not Applicable
addresses of Managers and
underwriting commitments:

(ii)
Date of Subscription Agreement Not applicable

(iii)
Stabilising Manager:
Not applicable

34.
If non-syndicated, name and address of Banco Santander, S.A.
Dealer/Manager:
Avenida de Cantabria, s/n, .
28660 Boadilla del Monte (Madrid)

35.
US Selling Restrictions:
Reg. S Compliance Category 2; TEFRA D

36.
Non-exempt Offer:
Not applicable

37.
Additional Selling Restrictions:
Not applicable

CREDIT LINKED INSTRUMENTS:
Not applicable

PURPOSE OF FINAL TERMS
These Final Terms comprise the final terms required for issue and admission to trading on the Regulated
Market of the Luxembourg Stock Exchange of the Instruments described herein pursuant to the
32,000,000,000 Programme for the Issuance of Debt Instruments of Santander International Debt, S.A.
Unipersonal and Santander Issuances, S.A. Unipersonal guaranteed by Banco Santander, S.A.

RESPONSIBILITY
The Issuer and the Guarantor accept responsibility for the information contained in these Final Terms.

CONFIRMED
SANTANDER INTERNATIONAL DEBT, S.A. UNIPERSONAL
By:

Authorised Signatory

Date: 22 December 2011

BANCO SANTANDER, S.A.

By:

Authorised Signatory

Date: 22 December 2011

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PART B -- OTHER INFORMATION
1.
LISTING AND ADMISSION TO TRADING

Application has been made by the Issuer (or on its behalf) for the Instruments to be listed on the
Official List of the Luxembourg Stock Exchange and admitted to trading on the Regulated Market
of the Luxembourg Stock Exchange with effect from the Issue Date.
The Existing Instruments are already admitted to trading on the Luxembourg Regulated Market
2. RATINGS

The Instruments to be issued have been rated:
S&P:
AA-
Moody's:
Aa3
Fitch:
AA-

These credit ratings have been issued by Standard & Poor's Credit Market Services Europe
Limited, Moody's Investors Service España, S.A. and Fitch Ratings Ltd. which are established in
the EEA and registered under Regulation (EU) No 1060/2009, as amended.
3.
INTERESTS OF NATURAL AND LEGAL PERSONS INVOLVED IN THE ISSUE

Save as discussed in paragraph 5.4 ("Placing and Underwriting") of the Base Prospectus, so far as
the Issuer is aware, no person involved in the offer of the Instruments has an interest material to
the offer.
4.
ESTIMATED TOTAL EXPENSES

Estimated total expenses:
EUR 1,660 (Listing Fees)

5.
Fixed Rate Instruments only
YIELD

Indication of yield:
3.381 per cent.

Calculated as the rate of return anticipated on the
Instruments on the Issue Date if they will be held until the
Maturity Date.

As set out above, the yield is calculated at the Issue Date on
the basis of the Issue Price. It is not an indication of future
yield.

6.
Floating Rate Instruments only -- HISTORIC INTEREST RATES

Not applicable

7.
Index-Linked or other viable-linked Instruments only -- PERFORMANCE OF
INDEX/FORMULA/other variable, EXPLANATION OF EFFECT ON VALUE OF
INVESTMENT AND ASSOCIATED RISKS and other information concerning the
underlying

Not applicable

8. Dual Currency Instruments only -- PERFORMANCE OF RATE[S] OF EXCHANGE AND
EXPLANATION OF EFFECT ON VALUE OF INVESTMENT

Not applicable

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9.
OPERATIONAL INFORMATION

ISIN:
XS0713861127 (from the Exchange Date)

Temporary ISIN:
XS0723611561

Common Code:
071386112 (from the Exchange Date)

Any Clearing System other than
Not applicable
Euroclear and Clearstream Banking,
société anonyme and the relevant
identification numbers:

Delivery:
Delivery against payment

Names and addresses of additional Not applicable
Paying Agent(s) (if any):

Intended to be held in a manner
Yes
which would allow Eurosystem
Note that the designation "yes" simply means that the
eligibility:
Instruments are intended upon issue to be deposited with one
of the ICSDs as common safekeeper and does not
necessarily mean that the Instruments will be recognised as
eligible collateral for Eurosystem monetary policy and intra
day credit operations by the Eurosystem either upon issue or
at any or all times during their life. Such recognition will
depend upon the ECB being satisfied that Eurosystem
eligibility criteria have been met.

10.
TERMS AND CONDITIONS OF THE OFFER

Not applicable

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