Banco Santander issues EUR 2 million 3-year equity-linked notes - SAN News | RalliesBanco Santander issues EUR 2 million 3-year equity-linked notes
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SAN• Banco Santander launches EUR 2 million equity-linked notes
- Banco Santander launched a EUR 2 million issuance of “Titoli 3Y EUR Express Memory Coupon Legati ad un Paniere di Azioni”.
- Notes carry a 3-year, 1-day tenor with potential monthly automatic early redemption from Apr. 16, 2027.
- Payoff linked to the worst-performing stock in a basket including Banco BPM, Campari, Leonardo, Stellantis.
- Final redemption on Sep. 17, 2029 repays 100% if worst-of performance is at least 50%; otherwise principal tracks performance.
- Issue priced with a EUR 1,000 denomination; securities expected to be admitted to trading on Euro TLX.
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