Consumer Totta 3 2025: 26 January 2026

The source of funds for the payment of principal and interest on the Notes and, in the case of the Class X Note, the Class X Distribution Amount, will be the right of the Issuer to receive payments in respect of receivables arising under a portfolio of Portuguese law governed Consumer Loans sold to it by, and originated by, Banco Santander Totta SA.

The transaction also features a Revolving Period and, during the Revolving Period, the Revolving Period Principal Target Amortisation Amount will be used to purchase Additional Receivables Portfolios, in accordance with the Pre-Enforcement Principal Priority of Payments.

At the cut-off date (31 December 2025) the pool consisted of 51,269 monthly paid consumer loans, where the average outstanding was Eur8,173 and the largest loan was Eur60,000. The pool is highly granular, with the top 10 obligors only accounting for 0.17% of current balances. Loan Purpose: Personal – 77.9%, Auto – 21.8%, other – 0.3%. Amortisation Type: French – 100.0%, Interest Rate Type: fixed – 99.4%, floating – 0.6%. Regional concentration: Lisboa – 19.4%, Porto – 17.2%, Setubal – 9.5%.

STS: The Notes are intended to be designated as STS.

EU Risk Retention: The Originator (Banco Santander Totta SA) will retain on an ongoing basis during the life of the transaction a material net economic interest of not less than 5% in the securitisation as required by Article 6(1) of the EU Securitisation Regulation.

US Risk Retention: The transaction will not involve the retention by the Originator of at least 5% of the credit risk of the Issuer for the purposes of the US Risk Retention Rules. The Originator intends to rely on the exemption provided for in Section 20 of the US Risk Retention Rules regarding non-US transactions that meet certain requirements.

Compare/contrast: Consumer Totta 2 2024, Consumer Totta 1