Banco Santander-Chile
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Base Prospectus June 26, 2020 Banco Santander-Chile (Santiago, Chile) U.S.$5,500,000,000 Medium Term Notes Program Under this U.S.$5,500,000,000 Medium-Term Notes Program (the “Program”), Banco Santander-Chile (the “Issuer,” the “Bank” or “Santander-Chile”) may from time to time issue medium term notes (“Notes”) which may be issued on a subordinated or unsubordinated basis. The Notes will be denominated in any currency agreed upon between the Issuer and the relevant Dealer (as defined below). This document (the “Base Prospectus”) constitutes a base prospectus for the purposes of Article 8 of the Prospectus Regulation. When used in this Base Prospectus, “Prospectus Regulation” means Regulation (EU) 2017/1129 (as amended or superseded). Factors which may affect the Issuer’s ability to fulfil its obligations under Notes issued under the Program and factors which are material for the purpose of assessing the market risks associated with Notes issued under the Program are set out in “Risk Factors.” The Base Prospectus has been approved by the Central Bank of Ireland, as Irish competent authority under the Prospectus Regulation. The Central Bank of Ireland only approves this Base Prospectus as meeting the standards of completeness, comprehensibility and consistency imposed by the Prospectus Regulation. Such approval should not be considered as an endorsement of the Issuer nor of the quality of the Notes that are the subject of this Base Prospectus. Investors should make their own assessment as to the suitability of investing in the Notes. Such approval relates only to the Notes which are to be admitted to trading on the regulated market of the Irish Stock Exchange plc trading as Euronext Dublin (“Euronext Dublin”), or other regulated markets for the purposes of Directive 2014/65/EU as amended (the “Markets in Financial Instruments Directive II”) or which are to be offered to the public in a Member State of the European Economic Area. Application has been made to Euronext Dublin for Notes issued under the Program to be admitted to the official list (the “Official List”) and to trading on the regulated market. The regulated market of Euronext Dublin is a regulated market for the purposes of the Markets in Financial Instruments Directive. Arrangers Deutsche Bank Santander Dealers BNP PARIBAS BofA Securities Citigroup Crédit Agricole CIB Credit Suisse Daiwa Capital Markets Deutsche Bank Deutsche Bank Securities Goldman Sachs & Co. LLC HSBC J.P. Morgan Mizuho Securities Santander Scotiabank Standard Chartered Bank UBS Investment Bank UniCredit Bank Wells Fargo Securities #93032439v25 RESPONSIBILITY STATEMENT The Issuer with its registered office in Santiago, Chile, is solely responsible for the information given in this Base Prospectus. The Issuer hereby declares that to the best of its knowledge, the information contained in this Base Prospectus is in accordance with the facts and contains no omission likely to affect its import. IMPORTANT NOTICES Copies of Final Terms (as defined below) will be available from the registered office of the Issuer and the specified office set out below of each of the Paying Agents (as defined below). Final Terms will be published on the website of the Issuer at https://santandercl.gcs-web.com/investors/debt-investors. None of the information contained on the Issuer’s website forms part of this Base Prospectus unless that information is incorporated by reference into this Base Prospectus. This Base Prospectus should be read and understood in conjunction with any supplement hereto and with any other documents incorporated herein by reference (see “Documents Incorporated by Reference”). Full information on the Issuer and any Notes issued under the Program is only available on the basis of the combination of this Base Prospectus (including any supplement and any document incorporated by reference herein) and the relevant Final Terms. No person is or has been authorized to give any information or to make any representations, other than those contained in this Base Prospectus, in connection with the Program or the issue and sale of the Notes and, if given or made, such information or representations must not be relied upon as having been authorized by Santander-Chile. Neither the delivery of this Base Prospectus nor any sale made hereunder shall, under any circumstances, create any implication that the information herein is correct as of any time subsequent to the date hereof. Neither this Base Prospectus nor any other information supplied in connection with the Program or any Notes (i) is intended to provide the basis of any credit or other evaluation or (ii) should be considered as a recommendation by the Issuer or any of the Dealers that any recipient of this Base Prospectus or any recipient of any other information supplied in connection with the Program or any Notes should purchase any Notes. Each investor contemplating purchasing any Notes should make its own independent investigation of the financial condition and affairs, and its own appraisal of the creditworthiness, of the Issuer. Neither this Base Prospectus nor any other information supplied in connection with the Program or the issue of any Notes constitutes an offer or invitation by or on behalf of the Issuer or any of the Dealers to subscribe for or to purchase any Notes. Any information sourced from third parties contained in this Base Prospectus has been accurately reproduced (and is clearly sourced where it appears in this Base Prospectus) and, as far as the Issuer is aware and is able to ascertain from information published by that third party, no facts have been omitted which would render the reproduced information inaccurate or misleading. This Base Prospectus is valid for a period of twelve months from the date of approval. The Issuer will, in the event of any significant new factor, material mistake or material inaccuracy relating to information included in this Base Prospectus which is capable of affecting the assessment of any Notes, prepare a supplement to this Base Prospectus or publish a new Base Prospectus for use in connection with any subsequent issue of Notes. The obligation to prepare a supplement to this Base Prospectus in the event of any significant new factor, material mistake or material inaccuracy does not apply when the Base Prospectus is no longer valid. Neither the delivery of this Base Prospectus nor the offering, sale or delivery of any Notes shall in any circumstances imply that the information contained in the related documents is accurate and complete subsequent to the date hereof or that there has been no adverse change in the financial condition of the Issuer since such date or that any other information supplied in connection with the Program is correct at any time subsequent to the date on which it is supplied or, if different, the date indicated in the document containing the same. For so long as any Notes remain outstanding, the Issuer will, in the event of any significant new factor, material mistake or inaccuracy relating to information included in this Base Prospectus which is capable of affecting i #93032439v25 the assessment of any Notes, prepare a supplement to this Base Prospectus or publish a new Prospectus for use in connection with any subsequent issue of Notes. The Notes in bearer form are subject to U.S. tax law requirements and may not be offered, sold or delivered within the United States of America (the “United States”) or its possessions or to United States persons, except in certain transactions permitted by United States Treasury Regulations and other guidance. Terms used in this paragraph have the meanings given to them by the U.S. Internal Revenue Code and the regulations promulgated thereunder. This Base Prospectus does not constitute an offer to sell or the solicitation of an offer to buy any Notes in any jurisdiction to any person to whom it is unlawful to make the offer or solicitation in such jurisdiction. The distribution of this Base Prospectus and the offer or sale of Notes may be restricted by law in certain jurisdictions. The Issuer and the Dealers do not represent that this Base Prospectus may be lawfully distributed, or that any Notes may be lawfully offered, in compliance with any applicable registration or other requirements in any such jurisdiction, or pursuant to an exemption available thereunder, or assume any responsibility for facilitating any such distribution or offering. Accordingly, no Notes may be offered or sold, directly or indirectly, and neither this Base Prospectus nor any advertisement or other offering material may be distributed or published in any jurisdiction, except under circumstances that will result in compliance with any applicable laws and regulations. Persons into whose possession this Base Prospectus or any Notes may come must inform themselves about, and observe, any such restrictions on the distribution of this Base Prospectus and the offering and sale of Notes. In particular, there are restrictions on the distribution of this Base Prospectus and the offer or sale of Notes in the United States, the United Kingdom, the European Economic Area (the “EEA”) (and, in particular, without limitation, in Luxembourg, France, Italy and the Netherlands), Australia, Brazil, Canada, Chile, Dubai, Hong Kong, Japan, Peru, Singapore and Switzerland (see “Transfer and Selling Restrictions” on pages 126 to 135). In making an investment decision, investors must rely on their own examination of the Issuer and the terms of the Notes being offered, including the merits and risks involved. The Notes have not been approved or disapproved by the United States Securities and Exchange Commission (the “SEC”) or any other securities commission or other regulatory authority in the United States, nor have the foregoing authorities approved this Base Prospectus or confirmed the accuracy or the adequacy of the information contained in this Base Prospectus.