"Santander Vencimiento 29" Insurance Policy

The "Santander Vencimiento 29" is an insurance policy with a single premium, in which the Policyholder assumes the risk of the investment.

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Single-premium unit-linked policy

The insurance starts on May 7, 2025 and the policy term ends on May 3, 2028. You may fully surrender the policy before it expires in monthly windows at market value, which may be higher or lower than the investment initially made.

The policy includes cover for death at the market value of the investment, plus additional capital of €505. This amount may be more than or less than the initial premium paid.

Who can take out "Santander Vencimiento 29"?

If you are a Banco Santander customer, you can take it out if:

You are between 18-75 years old.
You are tax residents in Spain.

You can take it out from an initial single premium of €10,000 and up to €50,000.

How does the "Santander Vencimiento 29" insurance policy work?

During the lifespan of the product, the objective is to make annual payments through pre-arranged partial surrender, as follows:

	Pre-Arranged Partial Surrender
April 2026	1,58%
April 2027	1,58%
April 2028	1,58%

All percentages will be applied to the amount of the initial premium paid.

All the percentages indicated will be subject to withholding tax in accordance with the regulations in force at the time of payment.

For the purposes of payment and return of the premium as indicated, the Insurance Company (Santander Seguros y Reaseguros S.A.) invests the premium in a State Bond (ISIN code ES0000012B39) issued by the Kingdom of Spain, maturing on April 30, 2028.

Main Risks

Market risk: the risk that the value of the assets in which the customer's premium is invested will fall due to changes in market conditions, such as interest rates, or the risk premium of the issuer of the bond. The longer the time to maturity for an asset, the greater the impact of changes to interest rates and the risk premium on its price. This policy has a medium/long term maturity, and therefore the value of the assets is sensitive to changes in market conditions. This insurance policy is also intended to be kept until the maturity date and surrendering it early may result in significant losses and may mean that the customer will not recoup the entire premium that they paid.
Credit risk: the risk that the Policyholder or the Beneficiaries of the Insurance Policy do not receive the amounts and/or surrender values due to them in the event of non-compliance or insolvency of the Bond issuer and/or Santander Seguros y Reaseguros Compañia Aseguradora S.A.
Liquidity risk: the risk that the valuation of account units will be suspended. Under exceptional circumstances, the calculation of the value of account units may be suspended when, for any reason, the valuation and/or pricing of the assets is suspended or restricted, in which case no operations may be carried out on the affected assets.

As this is an Insurance Policy whereby the Policyholder undertakes the investment risk, the Insurance Company does not under any circumstances guarantee, using its own assets, the recovery of the amount invested by the Policyholder or the achievement of any returns.

If you require more information about the "Santander Vencimiento 29" Insurance Policy and how to take it out, go to any Banco Santander branch or contact your Personal Santander Manager.

Shall we discuss it?

If you would like more information, visit any of our branch offices.

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