Company: BBVXF
Filing Date: 2025-01-08
Form Type: 424B5
Source: 0001193125-25-003393
Chunk: 375

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-01-08
Form: 424B5
Chunk 375
---
 the contingent convertible preferred securities are convertible upon the occurrence of certain events are described under “— Ordinary Shares or ADSs”. 103

U.S. TAX CONSIDERATIONS The following discussion describes material U.S. federal income tax consequences of the ownership and disposition of BBVA ADSs, ordinary shares, contingent convertible preferred securities, senior notes, senior non-preferrednotes and subordinated notes. The material U.S. federal income tax consequences of the acquisition, ownership and disposition of rights to acquire ordinary shares issued by BBVA will be described in the applicable prospectus supplement. This discussion applies only to U.S. Holders described below that hold ordinary shares, ADSs, contingent convertible preferred securities, senior notes, senior non-preferrednotes or subordinated notes as capital assets for U.S. federal income tax purposes. Further, this discussion applies only to U.S. Holders that purchase the ordinary shares, ADSs, contingent convertible preferred securities, senior notes, senior non-preferrednotes or subordinated notes in their initial offering and in the case of senior notes, senior non-preferrednotes or subordinated notes at the “issue price”, which will equal the first price to the public (not including bond houses, brokers or similar persons or organizations acting in the capacity of underwriters, placement agents or wholesalers) at which a substantial amount of the notes of the relevant series is sold for money. This summary does not address all of the tax consequences that may be relevant to a particular investor, including the special tax accounting rules under Section 451(b) of the Internal Revenue Code of 1986, as amended (the “Code”) (which may require accrual method U.S. taxpayers to conform the timing of their income accruals to their financial statements), the provisions of the Code known as the Medicare Contribution tax, any alternative minimum tax considerations and tax consequences that may apply to persons subject to special rules, such as:

| · |     | certain financial institutions; |

| · |     | insurance companies; |

| · |     | dealers and certain traders in securities or foreign currencies; |

| · |     | persons holding ADSs, ordinary shares, contingent convertible preferred securities, senior notes, senior non-preferred         
 notes or subordinated notes as part of a hedge, straddle, constructive sale, conversion transaction or integrated transaction; |

| · |     | persons whose “functional currency” for U.S. federal income tax purposes is not the U.S. dollar; |

| · |     | tax-exempt organizations, “individual