Santander Global Banks 55-55 Memory Income Autocall December 2025

INVESTMENT DESCRIPTION

CURRENCY USD

STRIKE DATE 17/12/2025

ISIN XS3231271829

COUNTERPARTY Santander

TYPE Note

RETURN & BARRIERS
Maximum Term: 3 Years
Investment Structure: Memory Income Autocall
Autocall Opportunities: Quarterly(First Observation at 12 months)
Autocall Trigger: 95% of initial level
Memory Income Rate: USD: 3.90% Quarterly(15.60% p.a.)
Income Trigger: 55% of initial level
Capital Risk: Not capital protected
Capital Protection Barrier: 55% Final level (European style)

MATURITY DATE
17/12/2026

FINAL MATURITY DATE
27/12/2028