Bond Santander Bank 1.6% ( XS2189426872 ) in EUR

Santander Bank

100 % ⇌

Spain

XS2189426872 ( in EUR )

1.6% per year ( payment 1 time a year)

11/06/2032

Prospectus brochure of the bond Banco Santander XS2189426872 en EUR 1.6%, maturity 11/06/2032

100 000 EUR

106 000 000 EUR

12/06/2026 ( In 220 days )

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

Banco Santander, a prominent Spanish multinational financial services company with a significant global presence across Europe, North America, and South America, has issued a new bond identified by the ISIN code XS2189426872. This Euro-denominated debt instrument, originating from Spain, carries a fixed annual interest rate of 1.6% and is scheduled to mature on June 11, 2032. The total size of this bond issuance amounts to EUR 106,000,000, with a minimum investment requirement set at EUR 100,000, and it is currently trading at 100% of its face value on the market.

MiFID II product governance / Professional investors and ECPs only target market Solely for the
purposes of each manufacturer's product approval process, the target market assessment in respect of the
Instruments has led to the conclusion that: (i) the target market for the Instruments is eligible
counterparties and professional clients only, each as defined in Directive 2014/65/EU, as amended
("MiFID II"); and (ii) all channels for distribution of the Instruments to eligible counterparties and
professional clients are appropriate. Any person subsequently offering, selling or recommending the
Instruments (a "distributor") should take into consideration the manufacturers' target market assessment;
however, a distributor subject to MiFID II is responsible for undertaking its own target market assessment
in respect of the Instruments (by either adopting or refining the manufacturers' target market assessment)
and determining appropriate distribution channels.
PRIIPs Regulation / PROHIBITION OF SALES TO EEA AND UK RETAIL INVESTORS The
Instruments are not intended to be offered, sold or otherwise made available to and should not be offered,
sold or otherwise made available to any retail investor in the European Economic Area ("EEA") or in the
United Kingdom ("UK"). For these purposes, a retail investor means a person who is one (or more) of: (i)
a retail client as defined in point (11) of Article 4(1) of MiFID II; (ii) a customer within the meaning of
Directive (EU) 2016/97, as amended, where that customer would not qualify as a professional client as
defined in point (10) of Article 4(1) of MiFID II; or (iii) not a qualified investor as defined in Regulation
(EU) 2017/1129 (as amended, the "Prospectus Regulation"). Consequently no key information document
required by Regulation (EU) No 1286/2014 (the "PRIIPs Regulation") for offering or selling the
Instruments or otherwise making them available to retail investors in the EEA or in the UK has been
prepared and therefore offering or selling the Instruments or otherwise making them available to any retail
investor in the EEA or in the UK may be unlawful under the PRIIPs Regulation.
Final Terms dated 10 June 2020
Banco Santander, S.A.
Issue of EUR 106,000,000 1.60 per cent. Senior Non-Preferred Instruments due June 2032
under the 25,000,000,000 Programme for the Issuance of Debt Instruments
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 16 March 2020 which constitutes a base
prospectus for the purposes of the Prospectus Regulation. This document constitutes the Final Terms of the
Instruments described herein for the purposes of the Prospectus Regulation and must be read in
conjunction with such Base Prospectus in order to obtain all the relevant information. The Base Prospectus
is 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 website of Euronext Dublin (www.ise.ie).
1 Issuer:
Banco Santander, S.A.
2 (i)
Series Number:
97 Senior Non-Preferred
(ii)
Tranche Number:
1
3 Specified Currency:
Euro ("EUR")
4 Aggregate Principal Amount:
EUR 106,000,000
(i)
Series:
EUR 106,000,000
(ii)
Tranche:
EUR 106,000,000
5 Issue Price:
100.00 per cent. of the Aggregate Principal Amount
6 Specified Denominations:
EUR 100,000
7 Calculation Amount:
EUR 100,000
8 (i)
Issue Date:
12 June 2020

(ii)
Interest
Issue Date
Commencement
Date:
9 Maturity Date:
12 June 2032
10 Interest Basis:
1.60 per cent. Fixed Rate
11 Redemption/Payment Basis:
Redemption at par
12 Put/Call Options:
Not Applicable
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
Provisions
(i)
Rate of Interest:
1.60% per cent. per annum payable annually in arrear
(ii)
Interest Payment
12 June in each year adjusted in accordance with the Modified
Date(s):
Following Business Day Convention
(iii)
Fixed Coupon
EUR 1,600.00 per EUR 100,000 Specified Denomination on each
Amount:
Interest Payment Date.
(iv)
Day Count Fraction: Actual/Actual (ICMA) (unadjusted)

(v)
Determ ination
12 June in each year
Dates:
(vi)
Party responsible for Not Applicable
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 Amount EUR 100,000 per Instrument of EUR 100,000 Specified
of each Instrument
Denomination
22 Early Redemption Amount, Early Redemption Amount (Tax), Early Redemption Amount (Capital
Disqualification Event) and Early Redemption Amount (TLAC/MREL Disqualification Event)
TLAC/MREL Disqualification Applicable
Event
Early Redemption Amount(s)
EUR 100,000 per Instrument of EUR 100,000 Specified
of each Instrument payable on Denomination
redemption for (1) taxation
reasons, or (2) on a
TLAC/MREL Disqualification
Event:
GENERAL PROVISIONS APPLICABLE TO THE INSTRUMENTS

23 Form of Instruments:
Bearer Instruments:
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
No
Receipts to be attached to
Definitive Instruments (and
dates on which such Talons
mature):
26 Relevant Financial Centre:
TARGET2
27 Relevant Financial Centre
TARGET2
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 Waiver of Set-off:
Applicable
31 Substitution and Variation:
Applicable
32 Governing law
Spanish law
DISTRIBUTION
33 If syndicated, names of
Not Applicable
Managers:
34 If non-syndicated, name of
Banco Santander, S.A.
Dealer/Manager:
35 Stabilisation Manager(s):
Not Applicable
36 US Selling Restrictions:
Reg. S Compliance Category 2; TEFRA D
(Categories of potential
investors to which the
Instruments are offered)
CONFIRMED
BANCO SANTANDER, S.A.
By:
Authorised Signatory
Date: 10 June 2020

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 Euronext Dublin 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 Euronext Dublin
Estimate of total expenses related to admissions to trading: EUR 1,000.
2 RATINGS
The Instruments to be issued have been rated:
S&P: A-
Moody's: Baa1
Fitch: A-
These credit ratings have been issued by S&P Global Ratings Limited, acting through S&P Global Ratings
Europe Limited (Sucursal en España), Moody's Investors Service España, S.A. and Fitch Ratings
España, S.A.U.
Each of S&P Global Ratings Europe Limited, Moody's Investor Service España, S.A. and Fitch Ratings
España, S.A.U. is established in the European Union or in the United Kingdom and is registered under
Regulation (EC) No. 1060/2009 (as amended) (the "CRA Regulation"). As such each of S&P Global
Ratings Limited, Moody's Investor Service 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 for any fees payable to the Managers, so far as the Issuer is aware, no person involved in the offer
of the Instruments has an interest material to the offer. The Managers and their 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 AND ESTIMATED NET PROCEEDS
Estimated net proceeds:
EUR 106,000,000
5
YIELD
Indication of yield:
1.60%
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.
7
OPERATIONAL INFORMATION
ISIN:
XS2189426872
Common Code:
218942687
CUSIP number:
Not Applicable
WKN:
Not Applicable
Any other 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. Note that the designation "yes" simply means that the
which would allow Eurosystem
Instruments are intended upon issue to be deposited with one of
eligibility:
the ICSDs 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.