Company: BBVXF
Filing Date: 2025-07-31
Form Type: F-3ASR
Source: 0001193125-25-170429
Chunk: 105

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-07-31
Form: F-3ASR
Chunk 105
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 with the contingent convertible preferred securities indenture or any supplemental indenture with respect to
such series and includes any successors thereto appointed from time to time in accordance with the contingent convertible preferred securities indenture or any such supplemental indenture;

“Performance Obligation” has the meaning specified in “—Enforcement Events—Enforcement Events and Remedies”;

“Prevailing Rate” means, in respect of any currencies on any day, the spot rate of exchange between the
relevant currencies prevailing as at 12 noon (London time) on that date as appearing on or derived from Reuters page ECB37 or, if not available, from any other Reference Page or, if such a rate cannot be determined at such time, the rate prevailing
as at 12 noon (London time) on the immediately preceding day on which such rate can be so determined or, if such rate cannot be so determined by reference to the Reference Page, the rate determined in such other manner as an Independent Financial
Adviser in good faith shall prescribe;

“Principal Paying Agent”, when used with respect to the contingent convertible preferred
securities of any series, means The Bank of New York Mellon, London Branch (or a successor thereof) except as otherwise specified in the relevant prospectus supplement;

“Recognized Stock Exchange” means an organized regularly operating, recognized stock exchange or securities market in a country that
is a member of the Organization for Economic Co-operation and Development (OECD);

“Redemption Price” means, per contingent convertible preferred security, the Liquidation Preference plus, if applicable, where not
cancelled or deemed cancelled pursuant to, or otherwise subject to the limitations on payment set out in, the provisions described under “—Payments—Distributions”, an amount equal to any accrued and unpaid Distributions
for the then-current Distribution Period to (but excluding) the date fixed for the redemption of the contingent convertible preferred securities of the relevant series;

“Reference Date” means, in relation to a Retroactive Adjustment, the date as of which the relevant Retroactive Adjustment takes
effect or, if that date is not a dealing day, the succeeding dealing day;

“Reference Market Price” means, in respect of a
Common Share at a particular date, the arithmetic mean of the Closing Price per Common Share on each of the five consecutive dealing days on which such Closing Price is available ending on the dealing day immediately preceding such date, rounding
the resulting figure to the nearest cent (with 0.5 cents being rounded upwards);

“Reference Page” means the