Company: BBVXF
Filing Date: 2025-07-31
Form Type: F-3ASR
Source: 0001193125-25-170429
Chunk: 93

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-07-31
Form: F-3ASR
Chunk 93
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 ordinary shares given the contingent convertible preferred securities mandatorily convert into BBVA’s ordinary shares upon the occurrence of certain events, as described herein. See “ Description of BBVA Ordinary Shares” for a discussion of BBVA’s ordinary shares. General The contingent convertible preferred securities indenture does not limit the aggregate liquidation preference of contingent convertible preferred securities that BBVA may issue under it. Neither the contingent convertible preferred securities indenture nor the contingent convertible preferred securities will limit or otherwise restrict the amount of other indebtedness or other securities which BBVA or any of its subsidiaries may incur or issue, including the issuance of further contingent convertible preferred securities. BBVA can issue contingent convertible preferred securities from time to time in one or more series, up to any aggregate liquidation preference that BBVA may authorize. Unless previously converted into Common Shares (as defined below), the contingent convertible preferred securities will constitute direct, unconditional and unsecured obligations of BBVA. The contingent convertible preferred securities indenture provides that there may be more than one trustee under such indenture, each with respect to one or more series of notes. Any trustee may resign or be removed with respect to any series of contingent convertible preferred securities issued under the contingent convertible preferred securities indenture and a successor trustee may be appointed. The holders of any series of contingent convertible preferred securities are not entitled to receive notice of or to attend any extraordinary or ordinary meetings of Shareholders of BBVA and will have no voting rights with respect thereto. The contingent convertible preferred securities are BBVA’s subordinated non-step-up non-cumulativeconvertible preferred securities mandatorily convertible into Common Shares upon the occurrence of certain events. The contingent convertible preferred securities are not deposits and are not insured or guaranteed by the U.S. Federal Deposit Insurance Corporation or any other government agency of the United States or Spain. Terms of the Contingent Convertible Preferred Securities Specified in the Applicable Prospectus Supplement The applicable prospectus supplement will describe the terms of the offered contingent convertible preferred securities, including, where applicable, some or all of the following:

| • |     | the specific designation and Liquidation Preference (as defined below) of the contingent convertible preferred 
 securities;                                                                                                    |

| • |     | how to calculate Distributions (as defined below), if any, and the terms or circumstances under which any such 
 Distributions may be cancelled in whole or in part, if any;                                                    |

| • |     | the date or dates from which Distributions, if any, will accrue or the method or methods