Banco Santander issues up to EUR 20 million of 3-year equity-linked notes
SAN•Banco Santander launches 3-year equity-linked notes
Banco Santander launched “Titoli 3Y EUR Express Legati ad un Paniere di Azioni” under Santander International Products’ EUR 15 billion EMTN programme.
- Issue size set at up to EUR 20 million, with a EUR 1,000 denomination.
- Subscription runs Sept. 7-18, 2026; issue date Oct. 7, 2026; maturity Oct. 8, 2029.
- Security carries a fixed 0.75% coupon per coupon date, with potential automatic early redemption from April 2027.
- Final redemption depends on the worst-performing stock in the Enel, Eni, Intesa Sanpaolo basket; capital not protected below 60% performance.
