Preferred Stock Investing
Preferred Stock Channel
Market News Video Self Directed Investor The Warren Buffetts Next Door Stock message boards
Banco Santander SA | 10.5% Non-Cumulative Guaranteed Series 10 Preferred Securities (SAN.PRE)

Prospectus exerpt:  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 »

Series:10
Redeemable?:Yes
Call Date:9/30/2014
Perpetual?:Yes
Cumulative?:No
Shares Offered:51,448,000
Liquidation Preference:$25
Recent Market Price:$25.62
Premium to Liquidation Preference:
(More Preferreds Trading at a Premium »)
$0.62 (2.48%)
Annualized Dividend:2.625
Recent Ex-Date:6/12/2014
Current Yield:10.25%
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 2013, Co.'s total assets amounted to Euro1,115,638,000,000 and total customer deposits amounted to Euro607,837,000,000.

Preferreds: SOV.PRC, SAN.PRI, SAN.PRC, SAN.PRB, SAN.PRA, SAN.PRF, SAN.PRE


Open the SAN Information Page »
Name:  Banco Santander SA
Website:  www.gruposantander.com
Sector:  Banking & Savings
Number of ETFs Holding SAN:  26 (see which ones)
Total Market Value Held by ETFs:  $3,838,613,696
Total Market Capitalization:  $47,246,000,000
% of Market Cap. Held by ETFs:  8.12%

Quotes delayed 20 minutes

Banco Santander SA | 10.5% Non-Cumulative Guaranteed Series 10 Preferred Securities (SAN.PRE) Information Page | Preferred Stock Channel | www.PreferredStockChannel.com | Copyright © 2011 - 2014, All Rights Reserved

Nothing in Preferred Stock Channel is intended to be investment advice, nor does it represent the opinion of, counsel from, or recommendations by BNK Invest Inc. or any of its affiliates, subsidiaries or partners. None of the information contained herein constitutes a recommendation that any particular security, portfolio, transaction, or investment strategy is suitable for any specific person. All viewers agree that under no circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held liable for any loss or damage caused by your reliance on information obtained. By visiting, using or viewing this site, you agree to the following Full Disclaimer & Terms of Use and Privacy Policy. Video widget and dividend videos powered by Market News Video. Quote data delayed at least 20 minutes; data powered by Ticker Technologies, and Mergent. Contact Preferred Stock Channel; Meet Our Editorial Staff.