Banco Santander (SAN) withdraws Series 106 notes from NYSE listing

Rhea-AI Filing Summary

Banco Santander, S.A. filed a Form 25 to remove its Series 106 1.849% Senior Non Preferred Fixed Rate Notes due 2026 from listing and registration on the New York Stock Exchange. The exchange states it and the issuer complied with the procedural rules governing voluntary withdrawal.

Insights

Exchange Compliance Analyst

Form 25 records a voluntary withdrawal of a specific note series from NYSE listing.

The filing identifies the security as Series 106 1.849% Senior Non Preferred Fixed Rate Notes due 2026 and states both the Exchange and the issuer complied with the procedural rules for withdrawal under 17 CFR 240.12d2-2.

Operationally, this is an administrative delisting of a debt series; the filing does not disclose cash flows, purchaser actions, or impacts on outstanding holders. Subsequent filings or notices to holders would provide transfer, trading, or redemption details if applicable.

UNITED STATES

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SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 25

NOTIFICATION OF REMOVAL FROM LISTING AND/OR REGISTRATION
UNDER SECTION 12(b) OF THE SECURITIES EXCHANGE ACT OF 1934.

Commission File Number

001-12518

Issuer:	Banco Santander, S.A.
Exchange:	NEW YORK STOCK EXCHANGE LLC

(Exact name of Issuer as specified in its charter, and name of Exchange where security is listed and/or registered)

Address:	BOADILLA DEL MONTE
	Madrid		28660
Telephone number:					+34 (91) 289 0000

(Address, including zip code, and telephone number, including area code, of Issuer's principal executive offices)

Series 106 1.849% Senior Non Preferred Fixed Rate Notes due 2026

(Description of class of securities)

Please place an X in the box to designate the rule provision relied upon to strike the class of securities from listing and registration:

17 CFR 240.12d2-2(a)(1)

17 CFR 240.12d2-2(a)(2)

17 CFR 240.12d2-2(a)(3)

17 CFR 240.12d2-2(a)(4)

Pursuant to 17 CFR 240.12d2-2(b), the Exchange has complied with its rules to strike the class of securities from listing and/or withdraw registration on the Exchange. ¹

Pursuant to 17 CFR 240.12d2-2(c), the Issuer has complied with its rules of the Exchange and the requirements of 17 CFR 240.12d-2(c) governing the voluntary withdrawal of the class of securities from listing and registration on the Exchange.

Pursuant to the requirements fo the Securities Exchange Act of 1934, NEW YORK STOCK EXCHANGE LLC certifies that it has reasonable grounds to believe that it meets all of the requirements for filing the Form 25 and has caused this notification to be signed on its behalf by the undersigned duly authorized person.

2026-03-25	By	Victoria Paper		Manager, Market Watch
Date		Name		Title

¹ Form 25 and attached Notice will be considered compliance with the provisions of 17 CFR 240.19d-1 as applicable. See General Instructions.

Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

Why did Banco Santander (SAN) file Form 25?

The company filed Form 25 to remove the Series 106 1.849% Senior Non Preferred Fixed Rate Notes due 2026 from NYSE listing. The filing states the Exchange and issuer complied with the procedural rules governing voluntary withdrawal.

Which security was removed from the NYSE for SAN?

The removed security is the Series 106 1.849% Senior Non Preferred Fixed Rate Notes due 2026. The Form 25 identifies that specific note series as the class of securities being withdrawn from listing and registration.

Does the Form 25 state whether holders will be paid or redeemed?

The Form 25 does not describe payments, redemptions, or proceeds. It only certifies compliance with withdrawal procedures; any holder-level actions or cash‑flow treatment are not disclosed in the provided excerpt.

Did the NYSE confirm procedural compliance in the SAN filing?

Yes. The filing states the New York Stock Exchange complied with its rules under 17 CFR 240.12d2-2 and that the issuer complied with the Exchange's rules governing voluntary withdrawal of the securities.