Company: BBVXF
Filing Date: 2025-01-08
Form Type: 424B5
Source: 0001193125-25-003393
Chunk: 15

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-01-08
Form: 424B5
Chunk 15
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us supplement, the accompanying prospectus, any related free writing prospectus and such other documents and/or materials are directed only at relevant persons and shall not be acted on or relied on by persons who are not relevant persons.
Any investment or investment activity to which this prospectus supplement, the accompanying prospectus, any related free writing prospectus and such other documents and/or materials relates will be engaged in only with relevant persons. Any person
in the United Kingdom that is not a relevant person shall not act or rely on this prospectus supplement, the accompanying prospectus, any related free writing prospectus or any other documents and/or materials relating to the issue of the Preferred
Securities offered hereby.

Prohibition on Marketing and Sales to Retail Investors

The Preferred Securities are complex financial instruments with high risk. They are not a suitable or appropriate investment for all investors,
especially retail investors. See “Risk Factors—The Preferred Securities are not a suitable investment for all investors”.In some jurisdictions, regulatory authorities have adopted or published laws, regulations or
guidance with respect to the offer or sale of securities such as the Preferred Securities. Each of the underwriters has represented and agreed that offers of the Preferred Securities in the EEA and in the United Kingdom shall only be directed
specifically at or made to professional clients as defined in point (10) of Article 4(1) of MiFID II or as defined in point (8) of Article 2(1) of UK MiFIR.

In particular, in the United Kingdom, the Financial Conduct Authority’s (“FCA”) Conduct of Business Sourcebook
(“COBS”) requires, in summary, that the Preferred Securities shall not be offered or sold to retail clients (as defined in COBS 3.4) in the United Kingdom. In addition, (i) on January 1, 2018, the PRIIPs Regulation became
directly applicable in all EEA member states, including in the case of the United Kingdom, under the UK PRIIPs Regulation from January 1, 2021, and (ii) MiFID II was required to be implemented in EEA member states, including the United
Kingdom, by January 3, 2018, and was implemented in Spain through Royal Decree-Law 14/2018 of September 28, amending the revised text of the Spanish Securities Markets Act, approved by Royal
Legislative Decree 4/2015 of October 23, and Royal Decree