Company: BBVXF
Filing Date: 2025-01-08
Form Type: 424B5
Source: 0001193125-25-003393
Chunk: 41

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-01-08
Form: 424B5
Chunk 41
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 whole number of Common Shares. Fractions of Common Shares will not be issued on Conversion or as 
 otherwise provided in the fifth paragraph from the end under “Description of the Contingent Convertible Preferred Securities of BBVA—Conversion—Conversion Price—Anti-Dilution Adjustment of the Floor Price” in the                                  
 accompanying prospectus, and no cash payment or other adjustment will be made in lieu thereof. Without prejudice to the generality of the foregoing, if one or more Delivery Notices (as defined herein) and the related Preferred Securities are     
 received by or on behalf of a Paying and Conversion Agent such that the Common Shares to be delivered by or on behalf of the Conversion Shares Depository are to be registered in the same name or delivered to the same Clearing System participant  
 account, the number of such Common Shares to be delivered in respect thereof shall be calculated on the basis of the aggregate Liquidation Preference of such Preferred Securities being so converted and rounded down to the nearest whole number of 
 Common Shares.                                                                                                                                                                                                                                        |

| Upon any Trigger Event, holders (and beneficial owners) of any Preferred Securities shall have no claim against us in respect of (i) any Liquidation Preference of the Preferred Securities or (ii) any accrued                                          
 and unpaid Distributions in respect of Preferred Securities, and the Preferred Securities shall cease to represent any right other than the right to receive Common Shares from or on behalf of the Conversion Shares Depository (except as noted in the 
 Indenture with respect to certain Spanish stamp and similar taxes).                                                                                                                                                                                      |

| Upon any Capital Reduction, holders (and beneficial owners) of any Preferred Securities (other than holders of Preferred Securities in respect of which such holders have elected not to convert such Preferred Securities                               
 as described in the third paragraph under “—Capital Reduction” above) shall have no claim against us in respect of any Liquidation Preference of such Preferred Securities, and the Preferred Securities (other than Preferred                           
 Securities in respect of which holders have elected not to convert such Preferred Securities as described under “—Capital Reduction” above) shall cease to represent any right other than the right to receive Common Shares from                        
 or on behalf of the Conversion Shares Depository (except as noted in the Indenture with respect to certain Spanish stamp and similar taxes). However, nothing in this paragraph shall affect our obligation upon any Capital Reduction Conversion to pay 
 to the holders (other than holders of Preferred Securities in respect of which such holders have elected not to convert such Preferred Securities as described in the third paragraph under “—Capital