Information  X 
Enter a valid email address

Santander Int. Prod. (IRSH)

  Print      Mail a friend

Wednesday 27 November, 2019

Santander Int. Prod.

Notice to Noteholders Series 1006

RNS Number : 8812U
Santander International Prods. PLC
27 November 2019

27 November 2019



Santander International Products plc

Legal entity identifier (LEI): 549300EBI9IZCEJIF589

Issue of EUR 8,500,000 Fixed Rate Notes due June 2025

Guaranteed by


under the

EUR 10,000,000,000 Euro Medium Term Note Programme

This Notice is supplemental to and should be read in conjunction with the Final Terms dated 25 November 2019 (the "Final Terms") relating to the EUR 8,500,000 Fixed Rate Notes due June 2025 (the "Notes") issued by Santander International Products plc (the "Issuer") under their EUR 10,000,000,000 Euro Medium Term Note Programme. Terms used but not defined herein shall be as defined in the Final Terms.

Pursuant to Condition 6(k) (Redemption, Purchase and Option - Specific Basis Buy-Back Notes) of the Notes, the Issuer hereby provides the following information relating to the Underlying Transactions and the Extra-Yield:

Underlying Transactions:

As set out in Condition 6(k), "Underlying Transactions" means any type of hedging and/or funding arrangement and/or interest rate swap as selected by the Calculation Agent from time to time.

As at the Issue Date, the Underlying Transactions shall comprise an Index-Components Arbitrage for which purpose:

(i)         the Credit Index CDS transactions are as follows:

Trade Date

Credit Index


Notional Amount


6 Nov 2019

Markit CDX North America HY S33 5Y




18 Nov 2019

Markit CDX North America HY S33 5Y




(ii)        the notional amount of the Underlying Transactions may not be higher than 30 times the aggregate principal amount of the Notes; and

(iii)       "Credit Index" includes and is limited to each of the following: iTraxx Europe, iTraxx Crossover, iTraxx Sr Financial, iTraxx Sub Financial, iTraxx SOVX CEEMEA, CDX IG, CDX HY, CDX Latin America, iTraxx Japan, iTraxx Asia Ex Japan IG, iTraxx Australia, CDX EM.


The Extra Yield in respect of the Notes is 35 basis points.




The Issuer accepts responsibility for the information contained in this Notice. Copies of the Final Terms and this Notice are published on the website of Euronext Dublin (







This announcement has been issued through the Companies Announcement Service of Euronext Dublin.



This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit

a d v e r t i s e m e n t