Company: BBVXF
Filing Date: 2025-01-08
Form Type: 424B5
Source: 0001193125-25-003393
Chunk: 184

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-01-08
Form: 424B5
Chunk 184
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 in Section 4A of the SFA (an “Institutional Investor”) pursuant to Section 274
of the SFA, (ii) to an accredited investor as defined in Section 4A of the SFA (an “Accredited Investor”) or other relevant person as defined in Section 275(2) of the SFA (a “Relevant Person”) and
pursuant to Section 275(1) of the SFA, or to any person pursuant to an offer referred to in Section 275(1A) of the SFA, and in accordance with the conditions specified in Section 275 of the SFA and (where applicable) Regulation 3 of
the Securities and Futures (Classes of Investors) Regulations 2018, or (iii) otherwise pursuant to, and in accordance with, the conditions of any other applicable exemption or provision of the SFA.

S-114

It is a condition of the offer that where the Preferred Securities are subscribed for or acquired pursuant to an offer made in reliance on Section 275 of the SFA by a Relevant Person which is:

| (a) | a corporation (which is not an Accredited Investor), the sole business of which is to hold investments and the 
 entire share capital of which is owned by one or more individuals, each of whom is an Accredited Investor; or  |

| (b) | a trust (where the trustee is not an Accredited Investor), the sole purpose of which is to hold investments and 
 each beneficiary of the trust is an individual who is an Accredited Investor, then                              |

the securities or securities-based derivatives contracts (each term as defined in Section 2(1) of the SFA) of that corporation and the beneficiaries’ rights and interest (howsoever described) in that trust shall not be transferred within six months after that corporation or that trust has subscribed for or acquired the Preferred Securities except:

| (i) | to an Institutional Investor, an Accredited Investor, a Relevant Person or which arises from an offer referred                      
 to in Section 275(1A) of the SFA (in the case of that corporation) or Section 276(4)(c)(ii) of the SFA (in the case of that trust); |

| (ii) | where no consideration is or will be given for the transfer; |

| (iii) | where the transfer is by operation of law; |

| (iv) | as specified in Section 276(7) of the