Company: BBVXF
Filing Date: 2025-01-08
Form Type: 424B5
Source: 0001193125-25-003393
Chunk: 113

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-01-08
Form: 424B5
Chunk 113
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 Includes all outstanding promissory notes and bonds, debentures and subordinated debt (including preferred 
 securities) with a remaining maturity of up to one year as of September 30, 2024.                          |

| (3) | Approximately 11.4% of the BBVA Group’s indebtedness was secured as of September 30, 2024. |

The following are the principal events affecting the capitalization and indebtedness of the BBVA Group after September 30, 2024:

| · |     | On October 2, 2024, €1,000,000,000 in principal amount of senior non-preferred notes issued under BBVA’s €40,000,000,000 Global Medium Term Note 
 Program matured;                                                                                                                                 |

| · |     | On October 7, 2024, Garanti BBVA effected the early redemption of Tier 2 subordinated notes in an aggregate principal amount of 253,000,000 Turkish lira; |

| · |     | On October 10, 2024, BBVA paid a gross dividend per share of €0.29, charged to reserves, in an aggregate amount of €1,671,352,785; and |

| · |     | On November 12, 2024, BBVA México S.A. effected the early redemption of Tier 2 subordinated notes in an aggregate principal amount of $200,000,000. |

In addition, the future capitalization and indebtedness of the BBVA Group may be significantly affected if the Exchange Offer is completed. See “ Recent Developments—Exchange Offer to exchange 100% of the shares of Banco de Sabadell, S.A. for shares of Banco Bilbao Vizcaya Argentaria, S.A.”. S-74

CERTAIN TERMS OF THE PREFERRED SECURITIES

The following is a summary of certain terms of the Preferred Securities. It amends and supplements in certain material respects the description of the general terms of any series of contingent convertible preferred securities we may issue contained in the accompanying prospectus under the heading “Description of the Contingent Convertible Preferred Securities of BBVA”.If there is any inconsistency between the following summary and the description in the accompanying prospectus, the following summary governs. The summary set forth below does not purport to be complete and is subject to, and qualified in its entirety by reference to, the Indenture (as defined herein).

The Preferred Securities will be issued under the