Company: BBVXF
Filing Date: 2025-01-08
Form Type: 424B5
Source: 0001193125-25-003393
Chunk: 122

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-01-08
Form: 424B5
Chunk 122
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 function ascribed to the
Conversion Shares Depository is required to be performed, to perform such functions and to hold Common Shares in Iberclear or any of its participating entities (entidades participantes) in a designated trust or custody account for the benefit
of the holders of the Preferred Securities and otherwise on terms consistent with the terms of the Preferred Securities and the Indenture;

“Delivery Notice” means a notice to be provided by the relevant holder, in such form as may be acceptable to the relevant
Clearing System from time to time, which contains the relevant account and related details for the delivery of any Common Shares (or ADSs) and such other information as is set forth in the Indenture, and which is required to be delivered in
connection with a Conversion of the Preferred Securities and the delivery of the Common Shares (or ADSs);

“Distribution”
means the non-cumulative cash distribution, if any, in respect of the Preferred Securities in a Distribution Period, determined in accordance with the Indenture;

“Distribution Payment Date” means, with respect to the Preferred Securities, each of January 14, April 14, July 14 and
October 14 in each year, commencing on April 14, 2025;

“Distribution Period” means the period from and including one
Distribution Payment Date (or, in the case of the first Distribution Period, the date of issuance) to but excluding the next Distribution Payment Date;

“First Reset Date” means January 14, 2032;

“Floor Price” means $3.8974, subject to adjustment as described under “Description of the Contingent Convertible Preferred Securities of BBVA—Conversion—Conversion Price—Anti-Dilution Adjustment of the Floor Price” in the accompanying prospectus. On any adjustment, the resultant Floor Price shall be expressed in U.S. dollars;

“H.15” means the daily statistical release designated as such and published by the Board of Governors of the United States
Federal Reserve System under the caption “Treasury constant maturities”, or any successor or replacement publication as reasonably determined by BBVA and notified to the Calculation Agent, that establishes yield on actively traded U.S.
Treasury securities, and “most recent H.15” means the H.15 that includes a yield to maturity for U.S. Treasury securities with a maturity of five years, published closest in time (but prior to) the relevant Reset Determination Date;

“Iberclear” means the Spanish clearing and settlement system (