Reoffer: 4NC3: MS+65bp / 100 / 2.956% 8NC7: MS+100bp / 100 / 3.649%
Benchmark: 4NC3: OBL 2.1 12-Apr-29 @ 99.715 / B+76.3bp (HR 94%) 8NC7: DBR 2.3 15-Feb-33 @ 98.185 / B+106.3bp (HR 97%)
Tranche 1 (4NC3): Final Books €1.6bn+ (incl. €50m JLM). Peak book €2.2bn+ (pre-rec).
Tranche 2 (8NC7): Final Books €1.75bn+ (incl. €50m JLM). Peak book €2.5bn+ (pre-rec).
Launched: 4NC3: €1bn @ MS+65bp 8NC7: €750m @ MS+100bp
Guidance: 4NC3: MS+65bp - Book €2.2bn+ (incl. €50m JLM) 8NC7: MS+100bp - Book €2.5bn+ (incl. €50m JLM)
IPTs: 4NC3: MS+90a 8NC7: MS+125/130bp
Issuer: Santander UK Group Holdings plc
LEI: 549300F5XIFGNNW4CF72
Form of Notes: Bearer / NGN Format, RegS, TEFRA D
Format: Senior Unsecured, Unsubordinated Notes
Expected Issue Ratings: Baa1/BBB/A (Moody's/S&P/Fitch)
Size:
4NC3: €1bn
8NC7: €750m
Pricing Date: 9-Feb-26
Settlement Date: 16-Feb-26 (T+5)
Maturity Date:
4NC3: 16-Feb-30 (4 years)
8NC7: 16-Feb-34 (8 years)
Optional Redemption Date:
4NC3: 16-Feb-29 (3 years)
8NC7: 16-Feb-33 (7 years)
Initial Coupon (until Optional Redemption Date):
4NC3: 2.956%, Fixed, Annual, ACT/ACT (ICMA), unadjusted
8NC7: 3.649%, Fixed, Annual, ACT/ACT (ICMA), unadjusted
Reoffer:
4NC3: MS+65bps / 2.956% / 100% / B+76.3bps
8NC7: MS+100bps / 3.649% / 100% / B+106.3bps
Benchmark:
4NC3: OBL 2.1 12-Apr-29 #189 @ 99.715 (HR 94%)
8NC7: DBR 2.3 15-Feb-33 TWIN @ 98.185 (HR 97%)
Coupon Reset:
4NC3: If not redeemed on the Optional Redemption Date, coupon resets to 1 year EUR Mid-Swap Rate +65bps, Annual, ACT/ACT (ICMA), unadjusted
8NC7: If not redeemed on the Optional Redemption Date, coupon resets to 1 year EUR Mid-Swap Rate +100bps, Annual, ACT/ACT (ICMA), unadjusted
Clean-up: Clean-up Redemption Option applies (80%), at par
Loss Absorption: Loss Absorption Disqualification Event Call applies. Disqualification Event at par
Denomination: EUR 100k + 1k
Listing / Governing Law: London Stock Exchange (Main Market) / English
Documentation: Santander UK plc and Santander UK Group Holdings plc €30,000,000,000 Euro Medium Term Note Programme base prospectus dated 4 April 2025 and supplemental prospectuses each dated 30 April 2025, 30 July 2025, 29 August 2025, and 4 February 2026 (together, the “Base Prospectus”) and the Terms and Conditions of the Notes set out therein
Global Coordinator: Santander
Joint Lead Managers: Barclays, Deutsche Bank, Natixis, NatWest, Santander (B&D) and Societe Generale
Fees: The JLMs will be paid a fee by the Issuer in respect of the placement of the securities. Details of the fee may be made available on request to investors participating in the transaction
ISIN:
4NC3: XS3295829140
8NC7: XS3295826559
Timing: Priced. TOE: 15.58 UKT / 16.58 CET. FTT: 16.15 UKT/ 17.15 CET
Target Market: The manufacturer target market (MIFID II / UK MiFIR product governance) is eligible counterparties and professional clients only (all distribution channels). No PRIIPs or UK PRIIPs key information document (KID) has been prepared as not available to retail in EEA or the United Kingdom.
Selling restrictions: The United States (Reg S, TEFRA D), no EEA/ UK Retail Investors, Belgium, United Kingdom, Australia, Japan, Hong Kong, Singapore, Canada, Poland, the United Arab Emirates, the Dubai International Financial Centre, Switzerland, as more fully described in the Base Prospectus.
Advertisement: The Base Prospectus and Supplements are available at https://www.santander.co.uk/about-santander/investor-relations/euro-medium-term-note-programme, and the Final Terms, when published, will be available at http://www.londonstockexchange.com