Company: BBVXF
Filing Date: 2025-01-08
Form Type: 424B5
Source: 0001193125-25-003393
Chunk: 54

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-01-08
Form: 424B5
Chunk 54
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| Denomination and Form; Clearing and Settlement | The Preferred Securities will be represented by one or more fully registered global security certificates (each a “Global Preferred Security”) which will be deposited with a custodian for DTC, and Preferred Securities 
 represented thereby will be registered in the name of Cede & Co., as nominee for DTC.                                                                                                                                     |

| Beneficial interests in the Preferred Securities will be shown on, and transfers thereof will be effected only through, the book-entry records maintained by DTC and its participants. You will not receive definitive 
 Preferred Securities except as described in the Indenture.                                                                                                                                                             |

| Listing | We intend to apply 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. If such listing is approved, we will 
 endeavor to maintain such listing as long as the Preferred Securities remain outstanding. Notwithstanding the above, if listing on the New York Stock Exchange is not approved or if such listing is approved and the Preferred Securities are   
 subsequently removed from listing, we will endeavor to list the Preferred Securities on another organized market in an OECD country as soon as practicable and to maintain such listing.                                                         |

| ISIN | US05946KAS06 |

| CUSIP | 05946K AS0 |

| Governing Law | The Preferred Securities and the Indenture (except as set forth herein and therein) shall be governed by and construed in accordance with the                                                                                                          
 laws of the State of New York applicable to agreements made or instruments entered into and, in each case, performed in said state, except that the authorization and execution by BBVA of the Indenture, the authorization, issuance and execution by 
 BBVA of the                                                                                                                                                                                                                                            |

S-36

| Preferred Securities and provisions thereof relating to the subordination of the Preferred Securities, the waiver of the right of set-off and the                                                            
 agreements and acknowledgments by holders of Preferred Securities and the trustee, respectively, with respect to the exercise and effects of the Spanish Bail-in Power shall be governed by and construed in 
 accordance with the common laws (derecho común) of Spain.                                                                                                                                                    |

| Submission to Jurisdiction | Except as provided in the immediately succeeding paragraph, BBVA will submit (for the purposes of any suit or proceeding arising out of or relating to the Preferred Securities or the Indenture) to the        
 non-exclusive jurisdiction of any U.S. federal or state