Company: BBVXF
Filing Date: 2025-01-08
Form Type: 424B5
Source: 0001193125-25-003393
Chunk: 155

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-01-08
Form: 424B5
Chunk 155
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(vii) where the provisions described under “Description of the Contingent Convertible Preferred Securities of BBVA—Conversion” in the accompanying prospectus (as amended hereby) require or provide for a determination by an Independent Financial Adviser or a role to be performed by a Conversion Shares Depository or a Paying and Conversion
Agent, use all reasonable endeavors promptly to appoint such persons for such purposes.

Governing Law

The Preferred Securities and the Indenture (except as set forth therein) shall be governed by and construed in accordance with the laws of the
State of New York applicable to agreements made or instruments entered into

S-96

and, in each case, performed in said state, except that the authorization and execution by BBVA of the Indenture, the authorization, issuance and execution by BBVA of the Preferred Securities and
provisions thereof relating to the subordination of the Preferred Securities (described under “—Subordination”), the waiver of the right of set-off (described under “Description of the Contingent Convertible Preferred Securities of BBVA—Waiver of Right of Set-off” in the accompanying prospectus) and the agreements and acknowledgments by holders of Preferred Securities
and the trustee, respectively, with respect to the exercise and effects of the Spanish Bail-in Power (described under “—Agreement and Acknowledgment with Respect to the Exercise of the Spanish Bail-inPower”) shall be governed by and construed in accordance with the common laws (derecho común) of Spain.

Submission to Jurisdiction

Except as
provided in the immediately succeeding paragraph, BBVA will submit (for the purposes of any suit or proceeding arising out of or relating to the Preferred Securities or the Indenture) to the non-exclusive
jurisdiction of any U.S. federal or state court in the Borough of Manhattan, the City of New York, New York, in which any such suit or proceeding is so instituted, and will waive, to the extent it may effectively do so, any objection it may have now
or hereafter to the laying of the venue of any such suit or proceeding.

Notwithstanding anything to the contrary in the Preferred
Securities or in the Indenture, the Spanish courts shall have exclusive jurisdiction in respect of any suit or proceeding arising out of or relating to the Preferred Securities or the Indenture arising out of, relating to or in connection with the
exercise of the Spanish Bail-in Power by the Relevant Spanish Resolution Authority (a “Bail-inDis