Company: BBVXF
Filing Date: 2025-01-08
Form Type: 424B5
Source: 0001193125-25-003393
Chunk: 134

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-01-08
Form: 424B5
Chunk 134
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 which the Preferred Securities are listed or other relevant authority and
(ii) in the manner and to the extent required by the provisions described under “Description of the Contingent Convertible Preferred Securities of BBVA—Notices” in the accompanying prospectus (in which case, such notice
may be given at BBVA’s request by the trustee in the name and at the expense of BBVA, provided BBVA has requested the trustee to so give notice in writing accompanied by a copy of the form of notice, and the trustee shall give such notice by
the fifth Business Day following its receipt of such request).

Failure to give notice in the manner above provided to any holder of
Preferred Securities designated for redemption, or any defect in the notice to any such holder, shall not affect the validity of the proceedings for the redemption of any other Preferred Securities.

Any notice of redemption will state: the redemption date; the Redemption Price; that on the redemption date the Redemption Price will, subject
to the satisfaction of the conditions set forth in the Indenture become due and payable upon each Preferred Security being redeemed and that Distributions will cease to accrue on or after that date; the place or places where the Preferred Securities
are to be surrendered for payment of the Redemption Price; and the CUSIP, Common Code and/or ISIN number or numbers, if any, with respect to the Preferred Securities being redeemed.

S-85

If BBVA gives notice of redemption of the Preferred Securities, then on or prior to the relevant redemption date, BBVA will (except as otherwise provided in “ Description of the Contingent Convertible Preferred Securities of BBVA—Redemption and Repurchase”in the accompanying prospectus, as amended hereby):

| (i) | irrevocably deposit with the Principal Paying Agent funds (in the currency in which the Preferred Securities to 
 be redeemed are payable) sufficient to pay the Redemption Price; and                                            |

| (ii) | give the Principal Paying Agent irrevocable instructions and authority to pay the Redemption Price to the 
 holders thereof.                                                                                          |

If the notice of redemption has been given on the Preferred Securities, and the funds deposited and instructions and authority to pay given as required above, then on the date of such deposit:

| (i) | distributions on the Preferred Securities shall cease to accrue (unless such deposit is made prior to the               
 redemption date, in which case Distributions on the Preferred Securities shall cease to accrue on the redemption date); |

| (ii