Santander US Quarterly Financial Analysis
SHUSA DEBT & TLAC
SHUSA publicly issued $1.0B of 3.450% senior notes due June 2025
Privately placed $0.45B of 3.50% senior unsecured notes due April 2023; and $0.25B of other unsecured debt
As of 2Q20, SHUSA met the Federal Reserve total loss-absorbing capacity ("TLAC") and long-term debt
("LTD") requirements, with 22.7% TLAC, 8.3% LTD1 and a CET1 ratio² of 14.4%
DEBT MATURITY SCHEDULE ($ in Billions)
$3.1
$0.5
Sr. Debt
5.827%
$2.1
$1.6
Sr. L+100
$1.8
$0.8
$1.2
$0.9
$0.2
CP 2.0%
Sr. L+100
$0.4
Sr. Debt
2.875%
$1.1
Sr. Debt
4.0%
$0.9
Sr. Debt
$0.1
Sr. L+100
2020
4.45%
$0.8
Sr. Debt
3.70%
$1.0
Sr. Debt
3.40%
$1.0
Sr. Debt
3.50%
Sr. Debt
3.244%
Sr. Debt
4.40%
2021
2022
2023
2024
2025
2026
2027
■Public issuance
Private placement
■Internal TLAC
16
1 SHUSA's requirement is 20.5% for TLAC and 6.0% for LTD as a percentage of risk-weighted assets
2
Our regulatory capital ratios for the period ended June 30, 2020 are preliminary, based on information available as of the date of this presentation, and subject to
completion of management's final reviews and financial closing procedures. These preliminary capital ratios may differ from our actual capital ratios, which will be
included in our Form 10-Q for the quarter ended June 30, 2020, which we expect to file on or about August 7, 2020.
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