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Banco Santander SA | 10.5% Non-Cumulative Guaranteed Series 10 Preferred Securities (SAN.PRE)

This preferred is marked as having been called.
Prospectus excerpt:  Up to 51,448,000 10.5% Non-Cumulative Guaranteed Series 10 Preferred Securities, par value $25 per security, of Santander Finance Preferred, S.A. Unipersonal, which we call the “fixed exchange preferred securities.”

Except as otherwise described in this prospectus, distributions on the fixed exchange preferred securities accrue from the date of original issuance and are payable quarterly in arrears on March 29, June 29, September 29 and December 29 in each year, commencing on December 29, 2009.

Each series of exchange preferred securities are redeemable, at the option of the Issuer, subject to the prior consent of the Bank of Spain, in whole but not in part, at any time on or after the fifth anniversary of the date of issuance of each such series, upon not less than 30 nor more than 60 days’ notice prior to the relevant redemption date by mail to each record holder, at the redemption price of $25 per fixed exchange preferred security and $1,000 per fixed-to-floating exchange preferred security, plus the accrued and unpaid Distribution, if any, for the then-current Distribution Period to the date fixed for redemption.

Full Prospectus PDF », SAN Page »

Alternate symbology:SAN-E, SAN-PE, SANprE
Call Date:9/30/2014 (Now Trading Post Call Date)
Shares Offered:51,448,000
Liquidation Preference:$25
Original Coupon:10.500%
Pay Period:Quarterly
Pay Dates:29-Mar, 29-Jun, 29-Sep, 29-Dec
Banco Santander is a holding company, providing a range of financial products. Co.'s products and services include: retail banking business that covers all customer banking businesses; wholesale banking business; as well as asset management and insurance business. Co.'s principal operations are in Spain, the U.K., Portugal, Germany, Italy and Latin America. As of Dec 31 2014, Co.'s total assets amounted to Euro1,266,296,000,000 and total customer deposits amounted to Euro647,627,000,000.


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Name:  Banco Santander SA
Sector:  Banking & Savings
Number of ETFs Holding SAN:  9 (see which ones)
Total Market Value Held by ETFs:  $1,170,168,979
Total Market Capitalization:  $30,798,000,000
% of Market Cap. Held by ETFs:  3.80%

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