Company: BBVXF
Filing Date: 2025-01-08
Form Type: 424B5
Source: 0001193125-25-003393
Chunk: 8

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-01-08
Form: 424B5
Chunk 8
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Notwithstanding anything to the contrary in the Preferred Securities, the Indenture or any other agreements, arrangements, or understandings
between BBVA and any holder of the Preferred Securities, by its acquisition of any Preferred Security, each holder and beneficial owner of a Preferred Security shall be deemed to have (i) agreed to all the terms and conditions of the Preferred
Securities, including, without limitation, those related to (y) Conversion (as defined in the accompanying prospectus) following a Trigger Event or Capital Reduction, as the case may be, and (z) the appointment of the Conversion Shares
Depository, the issuance of the Common Shares to the Conversion Shares Depository, and acknowledged that such events in (y) and (z) may occur without any further action on the part of the holders or beneficial owners of the Preferred
Securities or the trustee; (ii) agreed that effective upon, and following, a Conversion Event, no amount shall be due and payable to the holders of the Preferred Securities (other than any accrued and unpaid Distributions to be paid upon a
Capital Reduction Conversion in accordance with the provisions described in “Certain Terms of the Preferred Securities—Conversion—Conversion Upon Capital Reduction” herein (where not cancelled or deemed cancelled pursuant
to, or otherwise subject to the limitations on payment set out under, “Certain Terms of the Preferred Securities—Distributions—Restrictions on Payments” and “Certain Terms of the Preferred Securities—Distributions—Distributions Discretionary” herein), and except as noted in the Indenture with respect to certain Spanish stamp and similar taxes payable by BBVA in respect of the issue and delivery of the Common
Shares), and BBVA’s liability to pay any amounts (including the Liquidation Preference of, or any Distribution in respect of the Preferred Securities (other than any accrued and unpaid Distributions to be paid upon a Capital Reduction
Conversion in accordance with the provisions described in “Certain Terms of the Preferred Securities—Conversion—Conversion Upon Capital Reduction” herein (where not cancelled or deemed cancelled pursuant to, or otherwise
subject to the limitations on payment set out under, “Certain Terms of the Preferred Securities—Distributions—Restrictions on Payments” and “Certain Terms of the Preferred Securities—Distributions—Distributions Discretionary” herein), and except as noted in the Indenture with respect to certain Spanish stamp and similar taxes payable by BBVA in respect of the issue and delivery of the Common
Shares)) shall be automatically released, and the holders of