Santander Global Banks Reducing Autocall February 2026 GBP

INVESTMENT DESCRIPTION

CURRENCY GBP

STRIKE DATE 17/02/2026

ISIN XS3242404039

COUNTERPARTY Santander

TYPE Note

RETURN & BARRIERS
Maximum Term: 3 years
Investment Structure: Reducing Autocall
Autocall Opportunities: Annual (First Observation at 12 months)
Autocall Trigger: 100% of initial level (Reducing to 75% then 50%)
Coupon Rate: GBP: 22.85% p.a.
Capital Risk: Not capital protected
Capital Protection Barrier: 50% of its initial level (European style)

MATURITY DATE
17/02/2027

FINAL MATURITY DATE
26/02/2029