Company: BBVXF
Filing Date: 2025-01-08
Form Type: 424B5
Source: 0001193125-25-003393
Chunk: 4

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-01-08
Form: 424B5
Chunk 4
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 | $            | 991,500,000 |   |

| (1) | The underwriters have agreed to reimburse us for certain of the expenses relating to the offering. See 
 “Underwriting (Conflicts of Interest)”.                                                                |

The initial price to the public set forth above does not include accrued Distributions, if any. Distributions on the Preferred Securities will accrue from January 14, 2025 and, to the extent they are not cancelled or deemed cancelled previously or thereafter in accordance with the terms of the Preferred Securities and as further described herein and in the accompanying prospectus (as amended hereby), must be paid by the purchaser if the Preferred Securities are delivered thereafter. Potential investors should review the summaries set forth under “ Spanish Tax Considerations ” and “ U.S. Tax Considerations ” in the accompanying prospectus and “ Spanish Tax Considerations ” and “ Material U.S. Federal Income Tax Considerations ” of this prospectus supplement for information on certain material Spanish and U.S. federal income tax consequences of the acquisition, ownership and disposition of the Preferred Securities. The Preferred Securities are not deposits or savings accounts and are not insured by the Federal Deposit Insurance Corporation or any other governmental agency of the United States, Spain or any other jurisdiction. We intend toapply to list the Preferred Securities on the New York Stock Exchange and, if approved, trading is expected to commence within 30 days after the initial delivery of the Preferred Securities.

The underwriters expect to deliver the Preferred Securities in registered book-entry form through the facilities of The Depository Trust Company (“ DTC”) for credit to accounts of direct or indirect participants in DTC, including Clearstream Banking, S.A. (“ Clearstream Luxembourg”) and Euroclear Bank SA/NV (“ Euroclear”), on or about January 14, 2025, which will be the fifth New York business day following the date of this prospectus supplement (such settlement period being referred to as T+5). Pursuant to Rule 15c6-1under the Securities Exchange Act of 1934, as amended (the “ Exchange Act”), trades in the secondary market are generally required to settle in one business day, unless the parties to any such trade expressly agree otherwise. Accordingly, purchasers who wish to trade the Preferred Securities prior to the delivery of the Preferred Securities hereunder may be required to specify alternative settlement arrangements to prevent a failed settlement. Such purchasers should consult their own advisers. Joint Bookrunners

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