Company: BBVXF
Filing Date: 2025-01-08
Form Type: 424B5
Source: 0001193125-25-003393
Chunk: 342

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-01-08
Form: 424B5
Chunk 342
---
 be made without the consent of the holder of each contingent convertible preferred security affected that would:

| · |     | change the terms of any contingent convertible preferred security to reduce the Liquidation Preference (or premium, if any) payable upon the redemption of, or                                                                                       
 the Distributions payable on any contingent convertible preferred security (without prejudice to the provisions described herein, including under “—Payments—Distributions” and “—Agreement to Distribution                                          
 Cancelation”), or change the obligation of BBVA (or its successor) to pay Additional Amounts (except as contemplated below under “—Substitution of Issuer”) on the contingent convertible preferred securities, or the                               
 currency in which payments under the contingent convertible preferred securities are to be made, or impair the right to institute suit for the enforcement of any such payment when due and payable on or with respect to any contingent convertible 
 preferred security, or modify the calculation of and any adjustment to, the Conversion Price;                                                                                                                                                        |

| · |     | reduce the percentage in aggregate Liquidation Preference of the outstanding contingent convertible preferred securities of any series, the consent of whose                                                                                              
 holders is required for any such supplemental indenture, or the consent of whose holders is required for any waiver (of compliance with certain provisions of the contingent convertible preferred securities indenture or of certain defaults thereunder 
 and their consequences) provided for in the contingent convertible preferred securities indenture or reduce the requirements for a quorum or voting;                                                                                                      |

| · |     | change in any manner adverse to the interests of the holders of any contingent convertible preferred securities the subordination provisions of the contingent                                                           
 convertible preferred securities or the terms and conditions of the obligations of BBVA in respect of the due and punctual payment of any amounts due and payable on the contingent convertible preferred securities; or |

| · |     | modify the requirements applicable to the modifications and amendments referred to above or to the waiver of past Enforcement Events, except to increase any 
 required percentage or to provide that certain other provisions of the                                                                                       |

85

| contingent convertible preferred securities indenture cannot be modified or waived without the consent of the holder of each outstanding contingent convertible preferred security affected 
 thereby;                                                                                                                                                                                    |

except in each case with respect to any modification or amendment of the contingent convertible preferred securities indenture pursuant to a supplemental indenture which is entered into as a result of, and to the extent required by, the exercise of the Spanish Bail-inPower by the Relevant Spanish Resolution Authority or Applicable Banking Regulations, as the case may be (