Bond Santander Bank 3.01% ( XS1716333460 ) in NOK

Santander Bank

100 % ⇌

Spain

XS1716333460 ( in NOK )

3.01% per year ( payment 1 time a year)

17/11/2027

Prospectus brochure of the bond Banco Santander XS1716333460 en NOK 3.01%, maturity 17/11/2027

17/11/2025 ( In 184 days )

Banco Santander is a Spanish multinational banking and financial services company with significant operations in Europe, North America, and South America.

The Bond issued by Santander Bank ( Spain ) , in NOK, with the ISIN code XS1716333460, pays a coupon of 3.01% per year.
The coupons are paid 1 time per year and the Bond maturity is 17/11/2027

Final Terms dated 15 November 2017

Banco Santander, S.A.
Issue of NOK 500,000,000 Fixed Rate Instruments due 17 November 2027
under the 25,000,000,000 Programme for the Issuance of Debt Instruments
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 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 have 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 Terms and Conditions (the
"Terms and Conditions") set forth in the Base Prospectus dated 6 March 2017 and the Supplement to the
Base Prospectus dated 7 July 2017 and the Supplement to the Base Prospectus dated 23 October 2017 which
together constitute a base prospectus 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 and the offer of the Instruments is only available on the basis
of the combination of these Final Terms and the Base Prospectus dated 6 March 2017 as so supplemented.
The Base Prospectus and the Supplement are available for viewing at the head office of the Issuer (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.
Issuer:
Banco Santander, S.A.
2.
(i)
Series Number:
31 Senior Non Preferred

(ii)
Tranche Number:
1
3.
Specified Currency:
Norwegian Krone ("EUR")
4.
Aggregate Principal Amount:
NOK 500,000,000

(i)
Series:
NOK 500,000,000

(ii)
Tranche:
NOK 500,000,000
5.
Issue Price:
100 per cent. of the Aggregate Principal Amount
6.
Specified Denominations:
NOK 1,000,000
7.
Calculation Amount:
NOK 1,000,000
8.
(i)
Issue Date:
17 November 2017

(ii)
Interest
Issue Date
Commencement
Date:
9.
Maturity Date:
17 November 2027
10. Interest Basis:
3.01% Fixed Rate
11. Redemption/Payment Basis:
Redemption at par
12. Put/Call Options:
Call Option TLAC/MREL Disqualification Event (further
particulars specified below)
13. (i)
Status of the
Senior Non Preferred Instruments
Instruments:

14. Method of distribution:
Non-syndicated
PROVISIONS RELATING TO INTEREST (IF ANY) PAYABLE
15. Fixed Rate Instrument
Applicable (Condition 4A of the Terms and Conditions of the
Provisions
Instruments will apply)

(i)
Rate of Interest:
3.01% per annum, payable annually in arrear.

(ii)
Interest Payment
17 November each year, from and including 17 November 2018 to
Date(s):
and including the Maturity Date, adjusted in accordance with the

Modified Following Business Day Convention.

(iii)
Fixed Coupon
NOK 30.100 per NOK 1,000,000 Specified Denominations on each
Amount (s):
Interest Payment Date. No adjustments shall be made to the Fixed
Coupon Amount.

(iv)
30 / 360

Day Count Fraction:

(v)
17 November in each year

Determination Dates:

(vi)
Banco Santander, S.A.

Party responsible for

calculating the Rate

of Interest and/or

Interest Amount (if

not the Issue and

Paying Agent):

(vii)
Step Up Provisions:
Not Applicable

16. Reset Instrument Provisions
Not Applicable

17. Floating Rate and CMS
Not Applicable
Linked Instrument Provisions
18. Zero Coupon Instrument
Not Applicable
Provisions

PROVISIONS RELATING TO REDEMPTION
19. Call Option:
Not Applicable
20. Put Option
Not Applicable

21. Maturity Redemption
NOK 1,000,000 per Instrument of NOK 1,000,000 of Specified
Amount of each Instrument
Denomination
22. Early Redemption Amount, Early Redemption Amount (Tax) and Early Redemption Amount
(TLAC/MREL Disqualification Event)

Early Redemption Amount(s) NOK 1,000,000 per Instrument of EUR 1,000,000 of Specified
of each Instrument payable
Denomination
on redemption for taxation

reasons, and on a
TLAC/MREL
Disqualification Event :
GENERAL PROVISIONS APPLICABLE TO THE INSTRUMENTS
23. 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.
24. New Global Note:
No
25. Talons for future Coupons or
No
Receipts to be attached to
Definitive Instruments (and
dates on which such Talons
mature):
26. Relevant Financial Centre:
TARGET and Oslo
27. Relevant Financial Centre
TARGET and Oslo
Day:
28. Amount of each instalment
Not Applicable
(Instalment Amount), date on
which each payment is to be
made (Instalment Date):
29. Commissioner:
Mr. Luis Coronel de Palma Martínez-Agulló
30. WWaiver of Set-off:
Applicable

31. Substitution and Variation:
Applicable
DISTRIBUTION
32. (i)
If syndicated, names
Not Applicable
of Managers
33. If non-syndicated, name and
Goldman Sachs International
address of Dealer/Manager:
Peterborough Court 133
Fleet Street
London EC4A 2BB
34. Stabilisation Manager:
Not Applicable
35. US Selling Restrictions:
Reg. S Compliance Category 2; TEFRA D
(Categories of potential
investors to which the
Instruments are offered)
36. Prohibition of Sales to EEA
Not Applicable
Retail Investors:

37. Public Offer:
Not Applicable

PURPOSE OF FINAL TERMS
These Final Terms comprise the final terms required for the issue and admission to trading on the Irish Stock
Exchange of the Instruments described herein pursuant to the 25,000,000,000 Programme for the Issuance
of Debt Instruments of Banco Santander, S.A.
RESPONSIBILITY
The Issuer accepts responsibility for the information contained in these Final Terms.
CONFIRMED
BANCO SANTANDER, S.A.
By:

Authorised Signatory
Date 15 November 2017

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 application is expected to be made by the Issuer (or on its behalf) for the
Instruments to be 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 are expected to be rated:
S&P: BBB+
Moody's: Baa1
Fitch: A-
These credit ratings will be 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.
A list of rating agencies registered under the CRA Regulation can be found at
http://www.esma.europa.eu/page/List-registerd-and-certified-CRAs.
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 for any fees payable
to the Manager, so far as the Issuer is aware, no person involved in the offer of the Instruments has an interest
material to the offer. The Manager and its affiliates have engaged, and may in the future engage, in investment
banking and/or commercial banking transactions with, and may perform other services for, the Issuer and its
affiliates in the ordinary course of business.
4
REASONS FOR THE OFFER, ESTIMATED NET PROCEEDS AND TOTAL EXPENSES

Estimated total expenses:
EUR 600 (Listing Fees)

5
YIELD

Indication of yield:
3.01 per cent per annum.
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
OPERATIONAL INFORMATION

ISIN:
XS1716333460

Common Code:
171633346

WKN:
Not applicable

Any other clearing system other
Not applicable
than 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
No. Whilst the designation is specified as "no" at the date of
which would allow Eurosystem
these Final Terms, should the Eurosystem eligibility criteria be
eligibility:
amended in the future such that the Instruments are capable of
meeting them the Instruments may then be deposited with one
of the ICSDs as common safekeeper. Note that this does not
necessarily mean that the Instruments will then be recognised
as eligible collateral for Eurosystem monetary policy and
intraday credit operations by the Eurosystem at any time during
their life. Such recognition will depend upon the ECB being
satisfied that Eurosystem eligibility criteria have been met.