Company: BBVXF
Filing Date: 2025-01-08
Form Type: 424B5
Source: 0001193125-25-003393
Chunk: 160

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-01-08
Form: 424B5
Chunk 160
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 country as soon as practicable and
to maintain such listing.

Maintenance of Tax Procedures

The Indenture provides for the timely provision by the Paying Agent of a duly executed and completed Payment Statement in connection with each
payment of income under the Preferred Securities, and set forth certain procedures agreed by BBVA and the Paying Agent which aim to facilitate such process, along with a form of the Payment Statement to be used by the Paying Agent. For these
purposes, “income” means, with respect to a Distribution Payment Date, the aggregate Distribution paid on a Distribution Payment Date or, with respect to a redemption date, the amount of the difference, if any, between the aggregate
Redemption Price paid upon the redemption of the Preferred Securities (or a portion thereof) and the aggregate Liquidation Preference of such Preferred Securities, provided that such difference corresponds to a Distribution paid by BBVA.

If the Paying Agent fails to deliver a duly executed and completed Payment Statement on a timely basis, in respect of a Distribution Payment
Date or in connection with a redemption date, then the related payment will be subject to Spanish withholding tax, currently at the rate of 19%. If this were to occur, BBVA would not pay Additional Amounts and owners of a beneficial interest in the
Preferred Securities would have to follow the procedures set forth under “Spanish Tax Considerations—Spanish Direct Refund from Spanish Tax Authorities” herein in order to apply directly to the Spanish tax authorities for any
refund to which they may be entitled.

Notices

All notices to holders of Preferred Securities shall be validly given if in writing and mailed first-class postage prepaid to them at their
respective addresses in the register maintained by the security registrar. While the Preferred Securities are in global form, any notice given to the holder of a Preferred Security shall be sufficiently given if such notice is given to such holder
through DTC, in accordance with DTC’s applicable procedures from time to time.

S-99

SPANISH TAX CONSIDERATIONS

The following summary supplements, and to the extent inconsistent therewith, supersedes, the discussion in the accompanying prospectus under the caption “Spanish Tax Considerations” with respect to the Preferred Securities and Common Shares.

The following summary refers solely to certain Spanish tax consequences of the acquisition, ownership and disposition of the Preferred Securities and Common Shares. It does not purport to be a complete analysis of all tax consequences relating to the Preferred Securities and Common Shares and does not purport to deal with the tax consequences