Company: BBVXF
Filing Date: 2025-01-08
Form Type: 424B5
Source: 0001193125-25-003393
Chunk: 153

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-01-08
Form: 424B5
Chunk 153
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CA”), any regulations or agreements thereunder, any official interpretations thereof, any intergovernmental agreements with respect thereto (including the intergovernmental agreement between the United States and Spain on
the implementation of FATCA), or any law, regulation or other official guidance enacted or issued in any jurisdiction implementing, or relating to, FATCA or any intergovernmental agreement relating thereto.

In addition, Additional Amounts will not be payable with respect to any Taxes that are imposed in respect of any combination of the items
listed in (i) through (v) set forth above.

Additional Amounts will also not be paid with respect to any payment to a holder who is a
fiduciary, a partnership, a limited liability company or person other than the sole beneficial owner of that payment, to the extent that payment would be required by the laws of Spain (or any political subdivision thereof) to be included in the
income, for tax purposes, of a beneficiary or settlor with respect to the fiduciary, a member of that partnership, an interest holder in that limited liability company or a beneficial owner who would not have been entitled to the Additional Amounts
had it been the holder.

Except where the context requires otherwise, any reference in this prospectus supplement to Distributions in
respect of the Preferred Securities shall be deemed to include any Additional Amounts payable with respect thereto.

S-95

The payment of any Additional Amounts in respect of the Preferred Securities pursuant to the
Indenture is also subject to the same conditions and limitations as the payment of any Distribution, including the conditions and limitations described under “—Distributions—Distributions Discretionary”.

Undertakings

So long as any Preferred
Security remains outstanding, BBVA shall, unless approved by a majority in aggregate Liquidation Preference of the Preferred Securities:

(i) not make any issue, grant or distribution or take or omit to take any other action if the effect thereof would be that, on Conversion,
Common Shares could not, under any applicable law then in effect, be legally issued as fully paid;

(ii) if any offer is to be made to all
(or as nearly as may be practicable all) Shareholders (or all (or as nearly as may be practicable all) such Shareholders other than the offeror and/or any associates of the offeror) to acquire all or a majority of the issued Common Shares, or if a
scheme is proposed with regard to such acquisition (other than a Newco Scheme), give notice of