Company: BBVXF
Filing Date: 2025-01-08
Form Type: 424B5
Source: 0001193125-25-003393
Chunk: 244

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-01-08
Form: 424B5
Chunk 244
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 of such indenture 
 cannot be modified or waived without the consent of each holder of notes affected thereby; or                                                                                                                                                             |

| · |     | change in any manner adverse to the interests of the holders of outstanding notes of any series the terms and conditions of the obligations of BBVA in respect                                                  
 of the due and punctual payment of principal, premium or interest, if any, thereon or, with respect to the senior notes and subordinated notes, any sinking fund payments, if any, provided in respect thereof; |

except in each case with respect to any modification or amendment of the applicable indenture which is entered into as a result of, and to the extent required by, the exercise of the Spanish Bail-inPower by the Relevant Spanish Resolution Authority or, with respect to the senior non-preferrednotes, a substitution or modification of such notes pursuant to the provisions summarized in “— Substitution and Modification of Senior Non-PreferredNotes” below (in which case neither the consent nor the affirmative vote of any holder of any note affected will be required). Subject to payment of the trustee’s fees and expenses and other amounts due to the trustee, the holders of not less than a majority in principal amount of the outstanding notes of any series on behalf of the holders of all the notes of such series may, by Act, waive any past default under the indenture and its consequences with respect to that series, except a default in the payment of the principal of or any premium or interest on or any additional amounts with respect to, any notes of such series or in respect of a covenant or provision of the relevant indenture that cannot be modified or amended without the consent of the holder of each outstanding note of such series. Modification of the Indenture without Consent of Holders BBVA and the applicable trustee may modify and amend the applicable indenture without the consent of the holders to:

| · |     | evidence the succession of another entity to BBVA, and the assumption by any such successor of the covenants of BBVA in such indenture and in the notes; |

| · |     | add to the covenants of BBVA for the benefit of the holders of all or any series of notes or to surrender any right or power conferred upon BBVA, provided                                                      
 that, in the case of a series of senior non-preferred notes, the notes do not cease to be fully eligible for inclusion in the Eligible Liabilities Amount as a result thereof and subject further to compliance 
 with the Applicable Banking Regulations;