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Santander Finance Preferred, 10.5% FtoF Non-Cumul Guar Series 11 Preferred Stock
Ticker Symbol: SAN-F* CUSIP: 80281R870 Previous CUSIP: 80281RAC6 Exchange: NYSE
* NOTE: This security is no longer trading as of 9/29/2014
Security has been Called for: Monday, September 29, 2014
August 22, 2014 -- Fidelity has informed a QOL user that SAN-F has been subjected to a full call for 9/29/2014 at $1000 per share plus declared and unpaid distributions. ____________ June 25, 2013 -- Banco Santander, S.A. today announced the CUSIP reclassification of Santander Finance Preferred, S.A. Unipersonal's Fixed-to Floating Non=Cumulative Guaranteed Series 11 Preferred Securies, par value $1.000 per security from debt CUSIP Number 80281RAC6 to equity CUSIP Number 80281R870. The terms of the Securities are unchanged.
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QUANTUMONLINE.COM SECURITY DESCRIPTION: Santander Finance Preferred S.A. Unipersonal, 10.5% Fixed-to Floating Non-cumulative Guaranteed Series 11 Preferred Securities, guaranteed by Banco Santander S.A. (NYSE: STD), liquidation preference $1000 per share, redeemable at the issuer's option on or after five years from the date of issue at $1000 per share plus declared and unpaid dividends, and with no stated maturity. Noncumulative distributions of 10.5% ($105.00) per annum are paid semi-annually on 3/29 & 9/29 until 9/29/2014 and at a floating rate paid quarterly on 3/29, 6/29, 9/29 & 12/29 to holders of record on the 15th calendar day prior to the payment date (NOTE: the ex-dividend date is at least 2 business days prior to the record date). The floating rate will be reset quarterly to a rate equal to the U.S. dollar three month LIBOR plus a spread equal to the difference between 10.5% and the mid-swaps rate (see page 47 of the prospectus). The preferred's dividends will not be subject to Spanish taxation or withholding for U.S. holders. Dividends paid by these preferred shares are eligible for the preferential income tax rate of 15% to a maximum of 20% depending on the holder's tax bracket (and under IRS specified holding restrictions) but, since they are issued by a foreign company, are NOT eligible for the dividends received deduction for corporate holders (see page 99 of the prospectus for further information). In regards to payment of dividends and upon liquidation, the preferred shares rank junior to all liabilities of Santander Finance, equally with other preferreds and senior to the common shares of the company. See the IPO prospectus for further information on the preferred stock by clicking on the ‘Link to IPO Prospectus’ provided below.
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Go to Parent Company's Record (SAN)
IPO - 9/30/2009 -
Link to IPO Prospectus
Previous Ticker Symbol: STD-F Changed: 6/13/2012
Market Value $12.0 Million
Company's Online Information Links
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Company's Online SEC EDGAR Filings |
Company's Email Address Links |
Foreign Address and Phone Numbers |
Address: Ciudad Grupo Santander. Av. De Cantabria s/n, Edificio Pereda, 1ª planta. |
Main Phone Number |
+34-91-259-6520 |
Fax Number |
+34-91-558-14-53 |
Inv Rel Phone Number
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+34 91 259 65 14 |
Address and Phone Numbers |
U.S. Representative |
Banco Santander New York |
Address: 45 East 53rd Street, Floors 9&10, New York, NY 10022 |
Main Phone Number |
212-350-3500 |
Fax Number |
212-350-3535 |
Investor Contact
Jaime Cano
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212-350-3903
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Toll Free Phone Number |
Unknown |
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