Company: BBVXF
Filing Date: 2025-01-08
Form Type: 424B5
Source: 0001193125-25-003393
Chunk: 60

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-01-08
Form: 424B5
Chunk 60
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 Preferred                                                                                                   
 Securities and the information contained or incorporated by reference in this prospectus supplement, taking into account that the target market for the Preferred Securities is eligible counterparties and professional clients only (each as defined in 
 MiFID II, COBS and UK MiFIR, as applicable);                                                                                                                                                                                                              |

| · |     | has access to, and knowledge of, appropriate analytical tools to evaluate, in the context of its particular financial situation, an investment in the Preferred 
 Securities and the impact the Preferred Securities will have on its overall investment portfolio;                                                               |

| · |     | has sufficient risk tolerance and financial resources and liquidity to bear losses as well as all of the risks of an investment in the Preferred Securities, 
 including where the currency for payments in respect of the Preferred Securities is different from the potential investor’s currency;                        |

| · |     | understands thoroughly the terms of the Preferred Securities, including the provisions relating to the payment and cancellation of Distributions and any 
 Conversion of the Preferred Securities into Common Shares, and is familiar with the behavior of financial markets; and                                   |

| · |     | is able to evaluate possible scenarios for economic, interest rate and other factors that may affect its investment and its ability to bear the applicable 
 risks.                                                                                                                                                     |

A potential investor should not invest in the Preferred Securities unless it has the knowledge and expertise (either alone or with its financial and other professional advisers) to evaluate how the Preferred Securities will perform under changing conditions, the resulting effects on the value of the Preferred Securities and the impact this investment will have on the potential investor’s overall investment portfolio. Prior to making an investment S-41

decision, potential investors should consider carefully, in light of their own financial circumstances and investment objectives, all the information contained in this prospectus supplement and the accompanying prospectus or incorporated by reference herein. Additionally, the investment activities of certain investors may be subject to legal restrictions or review or regulation by certain authorities. Each potential investors should determine for itself, on the basis of professional advice where appropriate, whether and to what extent (i) the Preferred Securities are lawful investments for it, (ii) the Preferred Securities can be used as collateral for various types of borrowing and (iii) other restrictions apply to its purchase or any pledge of the Preferred Securities. Financial institutions should consult their legal advisers or the appropriate regulators to determine the appropriate treatment of the Preferred Securities under any applicable risk-based capital or similar rules. The Preferred Securities are complex financial instruments and may be materially affected by any change in the provisions of