Company: BBVXF
Filing Date: 2025-01-08
Form Type: 424B5
Source: 0001193125-25-003393
Chunk: 12

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-01-08
Form: 424B5
Chunk 12
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 to purchase, any Preferred Securities from BBVA and/or the underwriters, the foregoing representations, warranties, agreements and undertakings will be given by and
be binding upon both the agent and its underlying client.

Notice to Prospective Investors in the EEA

None of this prospectus supplement, the accompanying prospectus or any related free writing prospectus is a prospectus for the purposes of
Regulation (EU) 2017/1129, as amended. Prospective investors are also referred to the section headed “—Prohibition on Marketing and Sales to Retail Investors” below in this prospectus supplement for further information.

PROHIBITION OF SALES TO EEA RETAIL INVESTORS—The Preferred Securities are not intended to be offered, sold or otherwise
made available to, and shall not be offered, sold or otherwise made available to, any retail investor in the EEA. For these purposes, a “retail investor” means a person who is one (or more) of: (i) a retail client as defined in
point (11) of Article 4(1) of Directive 2014/65/EU, as amended (“MiFID II”); or (ii) a customer within the meaning of Directive (EU) 2016/97, as amended (the “Insurance Distribution Directive”), where that
customer would not qualify as a professional client as defined in point (10) of Article 4(1) of MiFID II. Consequently, no key information document required by Regulation (EU) No 1286/2014, as amended (the “PRIIPs Regulation”) for offering or selling the Preferred Securities or otherwise making them available to retail investors in the EEA has been prepared and therefore offering or selling the Preferred Securities or otherwise making them available
to any retail investor in the EEA may be unlawful under the PRIIPs Regulation.

MiFID II product governance/Professional investors and ECPs only target market—Solely for the purposes of each manufacturer’s product approval process, the target market assessment in respect of the Preferred Securities has led to the conclusion that: (i) the target
market for the Preferred Securities is eligible counterparties (“ECPs”) and professional clients only, each as defined in MiFID II; (ii) the Preferred Securities are incompatible with the knowledge, experience, needs,
characteristics and objectives of clients which are retail clients, as defined in MiFID II, and accordingly the Preferred Securities shall not