Obligation Santander Bank 2.15% ( XS1336103327 ) en USD

Santander Bank

100 % ⇌

Espagne

XS1336103327 ( en USD )

2.15% par an ( paiement semestriel )

29/12/2020 - Obligation échue

Prospectus brochure de l'obligation Banco Santander XS1336103327 en USD 2.15%, échue

150 000 USD

31 792 500 USD

Banco Santander est une banque multinationale espagnole, l'une des plus grandes institutions financières du monde, opérant dans plusieurs pays d'Europe, d'Amérique et d'Asie.

L'Obligation émise par Santander Bank ( Espagne ) , en USD, avec le code ISIN XS1336103327, paye un coupon de 2.15% par an.
Le paiement des coupons est semestriel et la maturité de l'Obligation est le 29/12/2020

Final Terms dated 22 December 2015
Santander International Debt, S.A. Unipersonal
Issue of USD 31,792,500 Callable Fixed Rate Senior unsecured Instruments due 29 December 2020
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 Ireland, Luxembourg or 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.
The Base Prospectus together with the relevant Final Terms has been published on the websites on the Irish
Stock Exchange (www.ise.ie) and the Central Bank of Ireland (http://www.centralbank.ie) in an agreed
electronic format.
PART A -- CONTRACTUAL TERMS
Terms used herein shall be deemed to be defined as such for the purposes of the General Terms and
Conditions (the "General Terms and Conditions" and together with the applicable Annex(es) the "Terms
and Conditions") set forth in the Base Prospectus dated 15 June 2015 and the Supplement to the Base
Prospectus dated 20 December 2015 for the purposes of the Prospectus Directive (Directive 2003/71/EC, as
amended (which includes the amendments made by Directive 2010/73/EU)) (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 as so supplemented.
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 15 June 2015 as so supplemented. The
Base Prospectus and the Supplement to the Base Prospectus are available for viewing at the registered office
of the Issuer 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, The Bank of New York
Mellon, London Branch at One Canada Square, London E14 5AL and at the offices of each Paying Agent and
copies may be obtained from the addresses specified above. The Base Prospectus has been published on the
websites on the Irish Stock Exchange (www.ise.ie) and the Central Bank of Ireland
(http://www.centralbank.ie).

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

(ii)
Guarantor:
Banco Santander, S.A.
2.
(i)
Series Number:
362

(ii)
Tranche Number:
1

3.
Applicable Annex(es):
Not Applicable
4.
Specified Currency:
USD
5.
Aggregate Principal Amount:

(i)
Series:
USD 31,792,500

(ii)
Tranche:
USD 31,792,500
6.
Issue Price:
98.45 per cent. of the Aggregate Principal Amount
(the "Issue Price")
7.
Specified Denominations:
USD 1,500

For so long as the Instruments trade through the
Clearing Systems and the Clearing Systems so
permit, the Instruments will trade in minimum
amounts of USD 150,000 and incremental amounts
of USD 1,500 thereon

The Instruments will be initially issued and
subsequently traded in aggregate principal amounts
of not less than USD 150,000. Accordingly, any
investor in the Instruments will not be permitted to
acquire or trade Instruments in aggregate principal
amounts of less than USD 150,000
8.
Calculation Amount:
The Specified Denomination
9.
(i)
Issue Date:
29 December 2015

(ii)
Interest Commencement Date:
Issue Date
10.
Maturity Date:
29 December 2020
11.
Interest Basis:
Fixed Rate (further particulars specified below)
12.
Redemption/Payment Basis:
Redemption at par
13.
Put/Call Options:
Issuer Call (further particulars specified below)

14.
(i)
Status of the Instruments:
Senior

(ii)
Status of the Guarantee:
Senior

(iii)
Date Board approval for issuance of
18 December 2015
Instruments obtained:
15.
Method of distribution:
Non-syndicated
PROVISIONS RELATING TO INTEREST (IF ANY) PAYABLE
16.
Fixed Rate Instrument Provisions
Applicable. Condition 4A of the Terms and
Conditions applies

(i)
Rate(s) of Interest:
2.15 per cent. per annum for the first Interest
Period
2.15 per cent. per annum for the second Interest

Period
2.15 per cent. per annum for the third Interest
Period
2.50 per cent. per annum for the fourth Interest
Period, subject to the exercise of the Issuer Call
2.85 per cent. per annum for the fifth Interest
Period, subject to the exercise of the Issuer Call

(ii)
Interest Payment Date(s):
29 December in each year commencing on 29
December 2016, up to and including the Maturity
Date, adjusted in accordance with the Business
Day Convention, which is the Modified Following
Business Day Convention

(iii)
Fixed Coupon Amount(s):
USD 32.25 per Specified Denomination for the
first Interest Period
USD 32,25 per Specified Denomination for the
second Interest Period
USD 32.25 per Specified Denomination for the
third Interest Period
USD 37.50 per Specified Denomination for the
fourth Interest Period
USD 42.75 per Specified Denomination for the
fifth Interest Period

(iv)
Day Count Fraction:
30/360, Unadjusted

(v)
Determination Dates:
Not applicable

(vi)
Party responsible for calculating the
Not Applicable
Rate(s) of Interest and/or Interest
Amount(s)

17.
Reset Instrument Provisions:
Not Applicable
18.
Other Variable Interest Rate Instrument
Not Applicable
Provisions:
19.
Floating Rate and CMS-Linked Instrument
Not Applicable
Provisions:
20.
Equity Index-Linked Interest Instruments
Not Applicable
Provisions:
21.
Additional provisions applicable to Equity Not Applicable
Index-Linked Interest Instruments:
22.
Inflation-Linked
Interest
Instruments Not Applicable
Provisions:
23.
Key Dates relating to Variable Interest Rate Not Applicable
Instruments (and if so specified applicable to
other kind of Instruments):

PROVISIONS RELATING TO REDEMPTION
24.
Call Option:
Applicable
(i)
Optional Early Redemption Date(s)
29 December 2018 and 29 December 2019

(Call):

(ii)
Optional Early Redemption Amount
USD 1,500 per Instrument of specified

(Call) of each Instrument:
denomination
(iii)
If redeemable in part:

(a) Minimum Redemption Amount:
Not Applicable

(b) Maximum Redemption Amount:
Not Applicable
(iv)
Notice period:
Not later than 10 Business Days' notice prior to the
relevant Early Redemption Date (Call)

25.
Put Option:
Not Applicable

26.
Maturity Redemption Amount of each USD 1,500 per Instrument of USD 1,500 specified
Instrument:
denomination
27.
Early Redemption Amount and Early Redemption Amount (Capital Disqualification Event)

Early Redemption Amount(s) of each Instrument USD 1,500 per Instrument of USD 1,500 specified
payable on redemption for taxation reasons, on a
denomination
capital disqualification event (if applicable) or on
event of default:

GENERAL PROVISIONS APPLICABLE TO THE INSTRUMENTS
28.
Form of Instruments:
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
29.
New Global Note:
Yes
30.
Talons for future Coupons or Receipts to be No
attached to Definitive Instruments (and dates
on which such Talons mature):
31.
Details relating to Partly Paid Instruments: No
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:
32.
Business Day:
London and New York
33.
Relevant Financial Centre:
Not Applicable
34.
Relevant Financial Centre Day:
Not Applicable
35.
Amount of each instalment ("Instalment Not Applicable
Amount"), date on which each payment is to be
made ("Instalment Date"):
36.
Commissioner:
Mr. Jesus Merino

DISTRIBUTION

37.
(i) If syndicated, names and addresses of
Not Applicable
Managers and underwriting commitments:

(ii) Date of Subscription Agreement:
Not Applicable
38.
If non-syndicated, name and address of
Banco Santander International
Dealer/Manager:
1401 Brickell Avenue, Suite 1500
Miami, FL 33131
USA
The Dealer shall act on a best effort basis and shall
have no underwritting commitments
39.
Total commission and concession:
Not applicable

40.
US Selling Restrictions:
Reg. S Compliance Category 2; TEFRA D
41.
Public Offer:
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 Irish 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 19 December 2015
BANCO SANTANDER, S.A.
By:

Authorised Signatory
Date 19 December 2015

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 Irish Stock Exchange and admitted to trading on the Regulated Market of the
Irish Stock Exchange with effect from the Issue Date.
2.
RATINGS
The Instruments to be issued have been rated:
S&P: A-
Moody's: A3
Fitch: A-
These credit ratings have been issued by Standard & Poor's Credit Market Services Europe Limited,
Moody's Investor Services España, S.A. and Fitch Ratings España, S.A.U.
Each of Standard & Poor's Credit Market Services Europe Limited, Moody's Investor Services
España, S.A. and Fitch Ratings España, S.A.U. is established in the European Union and is
registered under Regulation (EC) No. 1060/2009 (as amended) (the "CRA Regulation"). As such
each of Standard & Poor's Credit Market Services Europe Limited, Moody's Investor Services
España, S.A. and Fitch Ratings España, S.A.U. is included in the list of credit rating agencies
published by the European Securities and Markets Authority on its website in accordance with the
CRA Regulation.
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.
REASONS FOR THE OFFER, ESTIMATED NET PROCEEDS AND TOTAL EXPENSES
5.

(i)
Reasons for the offer:
See "Use of proceeds" wording in Base
Prospectus

(ii)
Estimated net proceeds
USD 31.299.716,25

(iii)
Estimated total
EUR 600

expenses:

6.
Fixed Rate Instruments only -- YIELD

Not Applicable

.
7.
OPERATIONAL INFORMATION

ISIN:
XS 1336103327

Common Code:
133610332

WKN:
Not Applicable

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

Delivery:
Delivery free of payment

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

Intended to be held in a manner
which would allow Eurosystem Yes. 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 registered in the
name of a nominee of one of the ICSDs acting as common
safekeeper) and does not necessarily mean that the
Instruments will be recognised as eligible collateral for
Eurosystem monetary policy and intraday 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

Offer Price:
100%

Offer Period:
Not Applicable

Conditions to which the offer is
Not Applicable
subject:

Description of the application
Not Applicable
process:

Description of possibility to reduce
Not Applicable
subscriptions and manner for
refunding excess amount paid by
applicants:

Details of the minimum and/or
Minimum Amount of application: USD 150,000
maximum amount of application:
Maximum Amount of application: Not Applicable

Details of the method and time
Not Applicable
limits for paying up and delivering

the Instruments:

Manner in and date on which results
Not Applicable
of the offer are to be made public:

Procedure for exercise of any right
Not Applicable
of pre-emption, negotiability of

subscription rights and treatment of

subscription rights not exercised:

Categories of potential investors to
This is disclosed in the Base Prospectus; US Selling
which the Instruments are offered
Restrictions, Reg. S Compliance Category 2 and TEFRA D
and whether tranche(s) have been
applies
reserved for certain countries:

Process
for
notification
to
Not Applicable
applicants of the amount allotted

and the indication whether dealing
may begin before notification is
made:

Amount of any expenses and taxes
Not Applicable
specifically charged to the

subscriber or purchaser:

Name(s) and address(es), to the
Not Applicable
extent known to the Issuer, of the
placers in the various countries
where the offer takes place.

ISSUE SPECIFIC SUMMARY
Santander International Debt, S.A. Unipersonal
Issue of USD 31,792,500 5 year Callable Fixed Rate Senior Unsecured Instruments due 29 December 2020
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.
SECTION A INTRODUCTION AND WARNINGS
Element
A.1
This summary of the programme should be read as an introduction to the Base Prospectus and the Final Terms
dated 22 December 2015. Any decision to invest in any Instruments should be based on a consideration of the
Base Prospectus as a whole, including any documents incorporated by reference and the Final Terms. Where a
claim relating to information contained in the Base Prospectus and the Final Terms is brought before a court in a
Member State of the European Economic Area, the plaintiff may, under the national legislation of the Member
State where the claim is brought, be required to bear the costs of translating the Base Prospectus and the Final
Terms before the legal proceedings are initiated. No civil liability will attach to the Issuer or the Guarantor in
any such Member State solely on the basis of this summary, including any translation hereof, unless it is
misleading, inaccurate or inconsistent when read together with the other parts of this Base Prospectus and the
Final Terms or, if following the implementation of the relevant provisions of Directive 2010/73/EU in the
relevant Member State, it does not provide, when read together with the other parts of this Base Prospectus and
the Final Terms, key information (as defined in Article 2.1(s) of the Prospectus Directive) in order to aid
investors when considering whether to invest in the instruments.
A.2
Certain Tranches of Instruments with a denomination of less than 100,000 (or its equivalent in any other
currency) may be offered in circumstances where there is no exemption from the obligation under the Prospectus
Directive to publish a prospectus. Any such offer is referred to as a "Public Offer".

SECTION B ISSUERS AND GUARANTOR
Element
B.1
Legal and commercial name of the Issuer
Santander International Debt, S.A.U.
B.2
Domicile / legal form / legislation / country of incorporation
The registered office address of the Issuer is Ciudad Grupo Santander, Avenida de Cantabria s/n, 28660 Boadilla
del Monte, Madrid, Spain.

The Issuer was incorporated in Spain as a limited liability company (sociedad anónima) for an unlimited duration
and is subject to the Consolidated Text of Law on Limited Liability Companies 1/2010 dated 2 July (Texto
Refundido de la Ley de Sociedades de Capital) ("Spanish Corporations Law"). Each of the Issuers is a wholly-
owned subsidiary of Banco Santander, S.A. (the "Guarantor").
Santander International Debt, S.A.U. was incorporated in Spain by a public deed on 21 April 2004 and registered
in the Mercantile Registry of Madrid on 5 May 2004.

B.4
Trend information
b
The global financial services sector is likely to remain competitive with a large number of financial service
providers and alternative distribution channels. Additionally, consolidation in the sector (through mergers,
acquisitions or alliances) is likely to occur as other major banks look to increase their market share, combine
complementary businesses or strengthen their balance sheets. In addition, regulatory changes will take place in the
future that the Group expects will increase the overall level of regulation in the markets.
The following are the most important trends, uncertainties and events that are reasonably likely to have a material
adverse effect on the Santander Group or that would cause the disclosed financial information not to be indicative
of its future operating results or its financial condition: