Other CC Document - Banco Santander

Pricing Supplement dated 15 March 2005
SANTANDER INTERNATIONAL DEBT, S.A. UNIPERSONAL
SANTANDER ISSUANCES, S.A. UNIPERSONAL
Euro 25,000,000,000
Programme for the Issuance of Debt Instruments
Guaranteed by
BANCO SANTANDER CENTRAL HISPANO, S.A.
Issue of
GBP55,000,000 Floating Rate Notes due 2006
This Pricing Supplement (as referred to in the Information Memorandum dated 19 November
2004) relates to the Tranche of Instruments referred to above and must be read in conjunction
with the aforementioned Information Memorandum. Terms used herein shall be deemed to be
defined as such for the purposes of the Conditions set forth in the Information Memorandum.
The particulars to be specified in relation to such Tranche are as follows:
1. (i) Issuer: Santander International Debt, S.A. Unipersonal
(ii) Guarantor: Banco Santander Central Hispano, S.A.
2. Series Number: 8
3. Specified Currency or Currencies: Pounds Sterling (“GBP”)
4. Aggregate Principal Amount: GBP55,000,000
5. (i) Issue Price: 100.00 per cent. of the Aggregate Principal
Amount
(ii) Net proceeds: GBP55,000,000
6. Specified Denominations: GBP100,000
7. Issue Date: 18 March 2005
8. Maturity Date: The Interest Payment Date falling in September
2006
9. Interest Basis: Interest-bearing Condition 5B (Floating Rate) is
applicable
10. Redemption/Payment Basis: Redemption at par

11. Change of Interest or
Redemption/Payment Basis:
Not Applicable
12. Put/Call Options: Not Applicable
13. (i) Status of the Instruments: Senior
(ii) Status of the Guarantee: Senior
14. Listing: Luxembourg
15. Method of distribution: Non-syndicated
16. Commission Payable: Not Applicable
17. Rating(s): Aa3 Moody’s Investors Services
A+ Standard & Poor’s
AA- Fitch Ratings Ltd
PROVISIONS RELATING TO INTEREST (IF ANY) PAYABLE
18. Fixed Rate Instrument Provisions Not Applicable
Floating Rate Instrument Provisions Applicable
(i) Interest Period(s): Quarterly
(ii) Interest Payment Dates: Interest will be payable quarterly in arrear on
each of 18 March, 18 June, 18 September and 18
December, from and including 18 June 2005, up
to and including the Maturity Date.
(iii) Interest Commencement
Date:
The Issue Date
(iv) Business Day Convention: Modified Following Business Day Convention
(v) Manner in which the Rate(s)
of Interest is/are to be
determined:
(vi) Screen Rate Determination Applicable
Screen Rate Determination
- Reference Rate: 3 month GBP-LIBOR-BBA
- Interest Determination
Date:
The first day of each Interest Period
- Relevant Screen Page: Moneyline Telerate page 3750
(vii) ISDA Determination: Not Applicable
(viii) Margin(s): -0.0125 per cent. per annum
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(ix) Minimum Rate of Interest: Not Applicable
(x) Maximum Rate of Interest: Not Applicable
(xi) Day Count Fraction: Actual/365(Fixed)
(xii) Fall back provisions,
rounding provisions
denominator and any other
terms relating to the method
of calculating interest on
Floating Rate Instruments if
different from those set out
in the Conditions:
Index-Linked Interest Instrument
Provisions
Not Applicable
Not Applicable
Condition 5C (Other Rates): Not Applicable
19. Default Interest: Condition 5D.05 is applicable
20. Determination Agent: JPMorgan Chase Bank N.A., London Branch
21. If non-interest bearing:
- Amortisation Yield:
- Rate of interest on overdue
amounts:
Not Applicable
Not Applicable
- Day count fraction: Not Applicable
PROVISIONS IN RELATION TO REDEMPTION
22. Maturity Redemption Amount: Principal Amount of the Instruments
23. Early Redemption Amount (Tax): Principal Amount of the Instruments
24. Optional Early Redemption (Call): Not Applicable
25. Optional Early Redemption (Put): Not Applicable
GENERAL PROVISIONS APPLICABLE TO THE INSTRUMENTS
26. Form of Instruments: Bearer.
Temporary Global Instrument is exchangeable
for a Permanent Global Instrument on or after
the Exchange Date, which is exchangeable for
Definitive Instruments only in the limited
circumstances specified in Condition 1.04.
Definitive Instruments (if issued) will have
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Coupons attached.
27. Events of Default: Condition 7.01 applies
28. Business Day: London, Madrid and TARGET
29. Relevant Financial Centre: London
30. Relevant Financial Centre Day: London, Madrid and TARGET Business Day.
Condition 9C.03 (iv) applies
31. Local banking day: Condition 9C.03 (ii) applies
32. Replacement of Instruments: Issue and Paying Agent’s office.
33. Notices: In accordance with Condition 14.01
34. Temporary Commissioner: Mr. Jesús Merino
DISTRIBUTION
35. Arrangers: Not Applicable
36. (i) Relevant Dealer/Lead
Manager:
(ii) Stabilising Manager: Not Applicable
Citigroup Global Markets Limited
37. Dealer(s)/Managers: Citigroup Global Markets Limited
38. Stabilisation: Not Applicable
39. Selling Restrictions: As stated in the Information Memorandum
OPERATIONAL INFORMATION
40. ISIN: XS0214267337
41. Common Code: 021426733
42. Common Depositary: JPMorgan Chase Bank N.A., London Branch
43. Any Clearing System other than
Euroclear and Clearstream,
Luxembourg:
Not Applicable
44. Settlement Procedures: Customary medium term note settlement and
payment procedures apply.
45. If issued in Registered Form:
- Registrar: Not Applicable
46. Governing Law and Jurisdiction: English Law for the terms and condition of the
Notes and all matters arising in connection with
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47. Other Relevant Terms and
Conditions:
the Notes. Spanish Law for the issue of the
Notes, including their legal nature
(“obligaciones”), the status of the Notes and the
status of the Guarantee.
Not Applicable
48. Rule 144A Eligible: Not Applicable
RESPONSIBILITY
The Issuer and the Guarantor accept responsibility for the information contained in this Pricing
Supplement.
CONFIRMED
SANTANDER INTERNATIONAL DEBT, S.A. UNIPERSONAL
By: ______________________________
Authorised Signatory
Date 15 March 2005
BANCO SANTANDER CENTRAL HISPANO, S.A.
By: ________________________________________
Authorised Signatory
Date 15 March 2005
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