Company: BBVXF
Filing Date: 2025-02-27
Form Type: F-4/A
Source: 0001193125-25-037317
Chunk: 50

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-02-27
Form: F-4/A
Chunk 50
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 under “The Exchange Offer—Tax Consequences—Material
U.S. Federal Income Tax Considerations for U.S. Holders”. The discussion of the material U.S. federal income tax consequences contained in this offer to exchange/prospectus is intended to provide only a general discussion and is not a complete
analysis or description of all potential U.S. federal income tax consequences that are applicable to you in respect of the exchange offer, nor does it address any tax considerations arising under U.S. state or local or
non-U.S. tax laws. You are urged to consult your tax adviser regarding the tax consequences of the exchange offer.

For more information about certain material Spanish and U.S. federal income tax consequences of the exchange offer with respect to the Banco
Sabadell shares and of the ownership and disposition of the BBVA shares, see “The Exchange Offer—Material U.S. Federal Income Tax Considerations for U.S. Holders” in this offer to exchange/prospectus beginning on page 115.

Comparison of Rights of Holders of BBVA Shares and Banco Sabadell Shares (page 150)

If you tender into, and do not withdraw, your Banco Sabadell shares from the exchange offer and the exchange offer is completed, you will
become a holder of BBVA shares. The rights of a holder of BBVA shares will be governed by BBVA’s bylaws, its general shareholders’ meeting’s regulations and the Spanish Corporation Law. See “Comparison of Rights of Holders of
BBVA Shares and Banco Sabadell Shares” in this offer to exchange/prospectus beginning on page 150.

BBVA shares are traded
on the Spanish Stock Exchanges, as well as on the LSE and Mexican Stock Exchange. BBVA ADSs are listed on the NYSE under the symbol “BBVA”.

BBVA ADSs (page 111)

If the
exchange offer is completed, holders of Banco Sabadell shares who tender their Banco Sabadell shares into, and do not withdraw them from, the exchange offer, will receive BBVA shares. BBVA shares trade in the form of American Depositary Shares
(“ADSs”) in the United States on the NYSE. Tendering Banco Sabadell shareholders who receive BBVA shares in the exchange offer may, subject to the provisions of the amended and restated deposit agreement dated June 29, 2007, among
BBVA, the Bank of New York Mellon and the holders from time to time of BBVA ADS