Company: BBVXF
Filing Date: 2025-01-08
Form Type: 424B5
Source: 0001193125-25-003393
Chunk: 50

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-01-08
Form: 424B5
Chunk 50
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 cancelled by the trustee in accordance with the Indenture) have been purchased by or on behalf of BBVA or any member of the BBVA Group, the Preferred Securities may be redeemed, in whole but not in part, at our                                                                                    
 option at any time at the Redemption Price, subject to such redemption being in compliance with Applicable Banking Regulations then in force and subject to the prior consent of the Regulator, if required pursuant to such regulations (the “Clean-up Call”). See “—Repurchases of the Preferred Securities and Other Securities” below. |

| Repurchases of the Preferred Securities and Other Securities | We or any member of the BBVA Group or any other legal entity acting on behalf of BBVA may purchase or otherwise acquire any of the outstanding Preferred Securities at any price in the open market or otherwise, subject to such purchase being in 
 compliance with Applicable Banking Regulations then in force and subject to the prior consent of the Regulator, if required pursuant to such regulations. Upon their acquisition, such Preferred Securities will immediately cease to be deemed     
 “outstanding” under the Indenture and must be surrendered to the trustee for their cancellation.                                                                                                                                                    |

| Notwithstanding any other provision of the Indenture and subject to compliance with the provisions of any applicable law (including the Spanish Companies Act and the Applicable Banking Regulations), we and/or any member                              
 of the BBVA Group may exercise such rights as we and/or it may from time to time possess to purchase or redeem or buy back any of our shares (including Common Shares) or any depositary or other receipts or certificates representing the same without 
 the consent of the holders.                                                                                                                                                                                                                              |

| Payment of Additional Amounts | All payments of Distributions payable in respect of Preferred Securities by us will be made free and clear of and without withholding or deduction for 
 or on account of any present or future                                                                                                                 |

S-33

| taxes, duties, assessments or governmental charges of whatever nature imposed or levied by or on behalf of Spain or any political subdivision thereof or any authority or agency therein or thereof                                                    
 having power to tax, unless the withholding or deduction of such taxes, duties, assessments or governmental charges is required by law. In that event, we shall (to the extent such payment can be made out of Distributable Items of BBVA on the same 
 basis as for payment of any Distribution) pay, in respect of any withholding or deduction imposed on payments of Distributions only (and not Liquidation Preference or other amount), such Additional Amount