Company: BBVXF
Filing Date: 2025-01-08
Form Type: 424B5
Source: 0001193125-25-003393
Chunk: 135

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-01-08
Form: 424B5
Chunk 135
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) | such Preferred Securities will no longer be considered outstanding (except, as provided in “Description                                                                                                                      
 of the Contingent Convertible Preferred Securities of BBVA—Redemption and Repurchase” in the accompanying prospectus, as amended hereby, if there is a Trigger Event prior to the redemption date or if the Relevant Spanish 
 Resolution Authority exercises its Spanish Bail-in Power with respect to such Preferred Securities prior to the payment of the Redemption Price to the holders); and                                                         |

| (iii) | the holders of Preferred Securities will no longer have any rights as holders except the right to receive the                                                                                                              
 Redemption Price (except, as provided in “Description of the Contingent Convertible Preferred Securities of BBVA—Redemption and Repurchase” in the accompanying prospectus, as amended hereby, if there is a Trigger Event 
 prior to the redemption date or if the Relevant Spanish Resolution Authority exercises its Spanish Bail-in Power with respect to such Preferred Securities prior to the payment of the Redemption Price to the             
 holders).                                                                                                                                                                                                                  |

Subject to the following paragraph, if in connection with any Preferred Securities BBVA improperly withholds or refuses to pay the Redemption Price of the Preferred Securities, Distributions will continue to accrue, subject as provided in “ —Distributions— Restrictions on Payments” and “ —Distributions—Distributions Discretionary”herein at the rate specified from (and including) the Redemption Date to (but excluding) the date on which the Redemption Price is deposited with the Principal Paying Agent. BBVA may not give a notice of redemption pursuant to this section “— Redemption Procedures” with respect to the Preferred Securities if a Trigger Event has occurred with respect to the Preferred Securities. If any notice of redemption of the Preferred Securities has been given pursuant to this section “— Redemption Procedures” and a Trigger Event with respect to the Preferred Securities occurs prior to the redemption date, the relevant redemption notice shall be automatically rescinded and shall be of no force and effect, there shall be no redemption of the Preferred Securities on such redemption date and, instead, the Trigger Conversion of the Preferred Securities shall take place as provided under “ Description of the Contingent Convertible Preferred Securities of BBVA—Conversion” in the accompanying prospectus (as amended hereby). If a Capital Reduction Notice has been given with respect to the Preferred Securities, BBVA may not give a notice of redemption under this section “— Redemption Procedures” with respect to the Preferred Securities until the end of the Election Period. If a redemption notice is given by BB