Banco Santander issues EUR 2 million 3-year equity-linked notes
SAN•Equity-linked notes issuance
Banco Santander announced a EUR 2 million issuance of “Titoli 3Y EUR Express Memory Coupon Legati ad un Paniere di Azioni” securities.
- The 3-year offering includes monthly observations with potential automatic early redemption from Aug. 20, 2027.
- Coupon set at 0.75% of invested capital when the worst-performing basket stock is at least 50% of its initial level.
- Final redemption links principal to the worst-performing stock; investors can lose up to 100% of invested capital.
