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Banco Santander SA (Spain) | Fixed-to-Floating Non-Cumulative Guaranteed Series 11 Preferred Securities (SAN.PRF)
This preferred is marked as having been called.
Prospectus excerpt: Up to 800,000 Fixed-to-Floating Non-Cumulative Guaranteed Series 11 Preferred Securities, par value $1,000 per security, of Santander Finance Preferred, S.A. Unipersonal, which we call the Ùfixed-to-floating exchange preferred securities.ˆ The fixed exchange preferred securities and the fixed-to-floating exchange preferred securities constitute separate series of preferred securities of the Issuer. Except as otherwise described in this prospectus, distributions on the fixed-to-floating exchange preferred securities accrue from the date of original issuance and are payable semi-annually in arrears on March 29 and September 29 in each year, beginning on March 29, 2010 until September 29, 2014 (the ÙReset Dateˆ), and on the Reset Date, and quarterly on March 29, June 29, September 29 and December 29 in each year beginning on December 29, 2014. Full Prospectus PDF », Secondary Prospectus PDF », SAN Page »
Series: | 11 | Alternate symbology: | SAN-F, SAN-PF, SANprF | Redeemable?: | Yes | Call Date: | 9/30/2014 (Now Trading Post Call Date) | Perpetual?: | Yes | Cumulative?: | No | Shares Offered: | 800,000 | Liquidation Preference: | $1,000.00 | Original Coupon: | Fixed rate of 10.5% from and including the date of issuance to but excluding the Reset Date. From and including the Reset Date, the rate of Distributions on the fixed-to-floating exchange preferred securities will be reset quarterly on the first day of each LIBOR Distribution Period to a rate equal to U.S. dollar three month LIBOR, plus a spread to be fixed at the spread-fixing time, which is equal to the difference between 10.5%, and the mid-swaps rate, as displayed on Telerate Page 19901 under the caption ÙSEMI-BONDˆ for swapping fixed rate payments for U.S. dollar three-month LIBOR payments for a 5-year period, at the spread-fixing time. | Pay Period: | Semi-annual | CDx3 Compliance Rating: |
Learn SAN.PRF's Rating
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Banco Santander is engaged in all kinds of activities, operations and services inherent to the banking business in general and permitted by existing legislation, and the acquisition, holding, enjoyment and disposal of all kinds of securities. Co.'s operating areas include: Europe, North America, and South America. Co.'s secondary segments include: Retail Banking, which covers all customer banking businesses; Wealth Management and Insurance, which includes the asset management business; and Santander Global Platform, which is comprised of its global digital services under a single business unit, as well as 50% of the results generated by these services in the commercial network. Preferreds: SAN.PRI, SOV.PRC, SAN.PRA, SAN.PRC, SAN.PRB, SAN.PRE, SAN.PRF Open the SAN Information Page »
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Name: |
Banco Santander SA (Spain) |
Website: |
www.santander.com |
Sector: |
Banking & Savings |
Number of ETFs Holding SAN: |
18 (see which ones) |
Total Market Value Held by ETFs: |
$257,152,216.11 |
Total Market Capitalization: |
$21,293,000,000 |
% of Market Cap. Held by ETFs: |
1.21% |
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