REG - Santander Int. Prod. - Notice to Noteholders

Banco Santander SAAnnouncement

26/06/2020 10:20

RNS Number : 2137R
  
Santander International Prods. PLC
  
26 June 2020
  
 

26 June 2020
NOTICE TO NOTEHOLDERS
 
Santander International Products plc
Legal entity identifier (LEI): 549300EBI9IZCEJIF589
Issue of EUR 8,500,000 Fixed Rate Notes due June 2025
Guaranteed by
BANCO SANTANDER, S.A.
under the
EUR 10,000,000,000 Euro Medium Term Note Programme
This Notice is supplemental to and should be read in conjunction with the Final Terms dated 25 November 2019 (the "Final Terms") relating to the EUR 8,500,000 Fixed Rate Notes due June 2025 (the "Notes") issued by Santander International Products plc (the "Issuer") under their EUR 10,000,000,000 Euro Medium Term Note Programme. Terms used but not defined herein shall be as defined in the Final Terms.
Pursuant to Condition 6(k) (Redemption, Purchase and Option - Specific Basis Buy-Back Notes) of the Notes, the Issuer hereby provides the following information relating to the Underlying Transactions:
Change of Underlying Transactions:
As set out in Condition 6(k), "Underlying Transactions" means any type of hedging and/or funding arrangement and/or interest rate swap as selected by the Calculation Agent from time to time.
The Calculation Agent has changed the Underlying Transactions. From and including the 26th of June 2020 the Underlying Transactions shall comprise an Index-Components Arbitrage for which purpose:
(i)         the Credit Index CDS transaction is as follows:




Trade Date


Credit Index


Direction


Notional Amount


Currency




18 June 2020


Markit CDX North America HY S34 5Y


Short


85,000,000


USD




 


 


 


 


 




(ii)        the notional amount of the Underlying Transactions may not be higher than 30 times the aggregate principal amount of the Notes; and
(iii)       "Credit Index" includes and is limited to each of the following: iTraxx Europe, iTraxx Crossover, iTraxx Sr Financial, iTraxx Sub Financial, iTraxx SOVX CEEMEA, CDX IG, CDX HY, CDX Latin America, iTraxx Japan, iTraxx Asia Ex Japan IG, iTraxx Australia, CDX EM.
 
The Issuer accepts responsibility for the information contained in this Notice. Copies of the Final Terms and this Notice are published on the website of Euronext Dublin (www.ise.ie).
 
SANTANDER INTERNATIONAL PRODUCTS PLC
 
 
 
 
 
This announcement has been issued through the Companies Announcement Service of Euronext Dublin.
 
 
 


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