Company: BBVXF
Filing Date: 2025-01-08
Form Type: 424B5
Source: 0001193125-25-003393
Chunk: 145

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-01-08
Form: 424B5
Chunk 145
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 or manner in which any such Common Shares are sold or the inability to sell any such Common Shares. Furthermore, BBVA, the Conversion Shares Depository, the Paying and
Conversion Agent and the Selling Agent shall have no liability to any holder or beneficial owner of the Preferred Securities for any loss resulting from such holder’s or beneficial owner’s failure to receive any Common Shares or ADSs, or
from any delay in the receipt thereof, in each case as a result of such holder or beneficial owner (or custodian, nominee, broker or other representative thereof) failing to duly submit a Delivery Notice and the relevant Preferred Securities on a
timely basis or at all.

If the applicable Preferred Securities and Delivery Notice are not received by the Paying and Conversion Agent on
or before the Notice Cut-off Date and BBVA does not appoint the Selling Agent by the tenth Business Day after the Conversion Settlement Date, or if any Common Shares are not sold by the Selling Agent in
accordance with this section “—Failure to Deliver a Delivery Notice”, the Conversion Shares Depository shall continue to hold any Common Shares not sold by the Selling Agent until a duly completed Delivery Notice and the
relevant Preferred Securities are so delivered. However, any holder of such Preferred Securities delivering a Delivery Notice after the Notice Cut-off Date will have to provide evidence of its entitlement to
the relevant Common Shares, or if the holder so elects, ADSs, satisfactory to the Conversion Shares Depository in its sole and absolute discretion in order to receive delivery of such Common Shares or ADSs (if so elected to be deposited with the ADS
Depositary on its behalf).

Description of Common Shares

See “Item 10. Additional Information—B. Memorandum and Articles of Association” in the 2023 Form 20-F and Exhibit 2.1 thereto for a summary of material terms of BBVA’s bylaws and Spanish corporate law applicable to the Common Shares and the holders thereof. This summary may not contain all of the
information that is important to prospective investors and, accordingly, should be read in conjunction with BBVA’s bylaws, a copy of which was included as Exhibit 1.1 to the 2023 Form 20-F. Such bylaws
have since been amended to reflect a share capital reduction announced on May 24, 2024.

Substitution and Modification of the Preferred Securities

Notwithstanding anything to the contrary in the Preferred Securities, the Indenture or any other agreements, arrangements, or
understandings between