Company: BBVXF
Filing Date: 2025-01-08
Form Type: 424B5
Source: 0001193125-25-003393
Chunk: 325

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-01-08
Form: 424B5
Chunk 325
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 upon the exercise of such rights of subscription attached to, such     
 Securities or, as the case may be, upon the exercise of such options, warrants or rights shall be the aggregate consideration or price referred to in (A) or (B) above (as the case may be) divided by the number of Common Shares to be issued        
 upon such conversion or exchange or exercise at the initial conversion, exchange or subscription price or rate;                                                                                                                                        |

| · |     | if the consideration or price determined pursuant to the two provisions immediately above (or any component thereof) shall be expressed in a currency other                                                                                            
 than the Share Currency, it shall be converted into the Share Currency at the Prevailing Rate on the relevant Effective Date (in the case of the second provision immediately above) or the relevant date of first public announcement (in the case of 
 the first provision immediately above);                                                                                                                                                                                                                |

| · |     | in determining the consideration or price pursuant to the above, no deduction shall be made for any commissions or fees (howsoever described) or any expenses                                   
 paid or incurred for any underwriting, placing or management of the issue of the relevant Common Shares or Securities or options, warrants or rights, or otherwise in connection therewith; and |

| · |     | the consideration or price shall be determined as provided above on the basis of the consideration or price received, receivable, paid or payable regardless of 
 whether all or part thereof is received, receivable, paid or payable by or to BBVA or another entity.                                                           |

If the Conversion Settlement Date in relation to the Conversion of any contingent convertible preferred security of any series shall be after the record date in respect of any consolidation, reclassification, redesignation or sub-divisionas is mentioned in sub-paragraph(a) above, or after the record date or other due date for the establishment of entitlement for any such issue, distribution, grant or offer (as the case may be) as is mentioned in sub-paragraphs(b), (c), (d), (e) or (i) above, or after the date of the first public announcement of the terms of any such issue or grant as is mentioned in sub-paragraphs(f) or (g) above or of the terms of any such modification as is mentioned in sub-paragraph(h) above, but before the relevant adjustment to the Floor Price (if applicable) becomes effective pursuant to the provisions described in this section “— Anti-Dilution Adjustment of the Floor Price” (such adjustment, a “