Company: BBVXF
Filing Date: 2025-01-08
Form Type: 424B5
Source: 0001193125-25-003393
Chunk: 328

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-01-08
Form: 424B5
Chunk 328
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 stock exchange or other relevant authority and (ii) in accordance with “— Notices” below (together, the “Capital Reduction Notice”). Any failure by BBVA to give a Capital Reduction Notice or otherwise notify the holders of a Capital Reduction, will have no impact on the effectiveness of, or otherwise invalidate, any Capital Reduction, will not constitute an Enforcement Event with respect to such series of contingent convertible preferred securities, or give the holders or beneficial owners of the contingent convertible preferred securities of such series any rights as a result of such failure. A Conversion Notice shall be a written notice specifying the following:

| · |     | that a Trigger Event or a Capital Reduction has occurred, as the case may be; |

| · |     | in the case of a Capital Reduction Notice, the Conversion Price; |

| · |     | in the case of a Capital Reduction Notice, the Election Period and the procedures holders must follow with respect to timely submission of Election Notices; |

| · |     | in the case of a Capital Reduction Notice, the expected Conversion Settlement Date, which shall be as soon as practicable and in any event not later than one 
 month following (or such other period as Applicable Banking Regulations may require) the Conversion Notice Date;                                              |

| · |     | the contact details of the Conversion Shares Depository and Paying and Conversion Agent and the procedures holders of the contingent convertible preferred 
 securities must follow to obtain delivery of the Common Shares;                                                                                            |

| · |     | that the contingent convertible preferred securities (other than, in the case of a Capital Reduction, contingent convertible preferred securities which holders                                                                                   
 elect not to convert in accordance with the provisions described under “—Conversion Upon Capital Reduction”) shall remain in existence for the sole purposes of evidencing the holder’s right to receive Common Shares from or                    
 on behalf of the Conversion Shares Depository and, in the case of a Capital Reduction, of evidencing the holder’s right to receive payment of accrued and unpaid Distributions for the then current Distribution Period up to (but excluding) the 
 Conversion Settlement Date as provided under “—Conversion Upon Capital Reduction”, where not cancelled or deemed cancelled pursuant to, or otherwise subject to the limitations on payment set out in,                                            
 “—Payments—Distributions”; and                                                                                                                                                                                                                    |

| · |     | a request that holders and beneficial owners (or the custodian, broker, nominee or other representative thereof) of such contingent convertible preferred                                              
 securities complete a Delivery Notice to be delivered, together with the relevant contingent convertible preferred securities