---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-26-371544"
form_type: "8-K"
ticker: "SNUS-PI"
cik: "0000811830"
company_name: "Santander Holdings USA, Inc."
filed_at: "2026-08-27T21:14:49+00:00"
generated_at: "2026-08-27T21:16:11.924857+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Santander Holdings issues $500M Series J preferred stock to parent BSSA

## Summary
- Issued 500,000 shares of Series J preferred at $1,000 liquidation preference ($500M total) to Banco Santander on Aug 27, 2026.
- Non-cumulative dividend rate 7.271% until Dec 21, 2031, then resets to 5-yr Treasury plus 2.979% quarterly.
- No maturity; redeemable at company's option on/after Dec 21, 2031 or within 90 days of a regulatory capital event, subject to Fed approval.
- Shares sold in private placement exempt under Section 4(a)(2); Articles of Amendment filed in Virginia creating 500,000 authorized Series J shares.
- BSSA has no right to require redemption; proceeds support capital without listing new series on NYSE.

## SEC filing metadata
- accession: 0001193125-26-371544
- form_type: 8-K
- ticker: SNUS-PI
- cik: 0000811830
- company_name: Santander Holdings USA, Inc.
- filed_at: 2026-08-27T21:14:49+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 3.02, 5.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/811830/000119312526371544/0001193125-26-371544-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/811830/000119312526371544/d430633d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-371544
- JSON: https://secwatch.observer/filing/0001193125-26-371544.json
- Plain text: https://secwatch.observer/filing/0001193125-26-371544.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.