Company: BBVXF
Filing Date: 2025-01-08
Form Type: 424B5
Source: 0001193125-25-003393
Chunk: 245

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-01-08
Form: 424B5
Chunk 245
---
 or |

| · |     | delete, amend or supplement any provision of such indenture or any indenture supplement thereto as a result of, and to the extent required by, the exercise of 
 the Spanish Bail-in Power by the Relevant Spanish Resolution Authority.                                                                                        |

Substitution and Modification of Senior Non-PreferredNotes Notwithstanding anything set forth in this prospectus or the senior non-preferredindenture to the contrary, if an Eligible Liabilities Event occurs and is continuing in respect of a series of senior non-preferrednotes, BBVA may substitute all (but not only some) of such senior non-preferrednotes or modify the terms of all (but not only some) of such senior non-preferrednotes, without any requirement for the consent or approval of the holders of such senior non-preferrednotes, so that the notes are substituted for, or their terms are modified to, become, or remain, Qualifying Securities (as defined below), subject to: (i) having given not less than 30 nor more than 90 days’ notice to the holders thereof and to the trustee (which notice shall be irrevocable and shall specify the date for substitution or, as applicable, modification); (ii) the prior consent of the Regulator if required pursuant to Applicable Banking Regulations; and (iii) any variation in the terms of such senior non-preferrednotes resulting from such modification or, if such senior non-preferrednotes are substituted, any difference between the terms of such senior non-preferrednotes and those of the Qualifying Securities for which they are substituted, not being materially prejudicial to the interests of holders of such senior non-preferrednotes, and BBVA having delivered an officer’s certificate to the trustee to that effect not less than five business days prior to (i) in the case of a substitution of the senior non-preferrednotes, the issue date of the relevant Qualifying Securities for which such senior non-preferrednotes are substituted; or (ii) in the case of a modification of the terms and conditions of the senior non-preferrednotes, the date such modification becomes effective. For the purposes of the immediately preceding paragraph, in the case of a modification of the terms and conditions of a series of senior non-preferrednotes, any variation in the ranking of such senior non-preferrednotes resulting from any such modification or, if such senior non-preferrednotes are substituted, any difference between their ranking and that of the Qualifying Securities for which such senior non-preferrednotes are substituted,