Company: BBVXF
Filing Date: 2025-01-08
Form Type: 424B5
Source: 0001193125-25-003393
Chunk: 189

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-01-08
Form: 424B5
Chunk 189
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 represented by ADSs) may also be subject
to the exercise of the Spanish Bail-in Power by the Relevant Spanish Resolution Authority. See “Description of BBVA Ordinary Shares—Exercise of Spanish Bail-inPower andOther Resolution Tools” and “Description of BBVA American Depositary Shares—Exercise of Spanish Bail-inPower and Other Resolution Tools”.

The securities are not deposits or savings accounts and are not insured by the Federal Deposit Insurance Corporation or any other governmental agency of the Kingdom of Spain, the United States or any other jurisdiction.

The date of this
prospectus is July 29, 2022.

You should rely only on the information contained in or incorporated by reference in this prospectus.
Neither we nor any underwriter has authorized anyone to provide you with different information. Neither we nor any underwriter is making an offer of these securities in any jurisdiction where the offer is not permitted. You should not assume that
the information contained in or incorporated by reference in this prospectus is accurate as of any date other than the date on the front cover of this prospectus.

TABLE OF CONTENTS

|                                                                   |     | Page |     |
| About This Prospectus                                             |     |      |   1 |
| Where You Can Find More Information                               |     |      |   2 |
| Incorporation of Documents by Reference                           |     |      |   2 |
| Forward-Looking Statements                                        |     |      |   4 |
| Risk Factors                                                      |     |      |   6 |
| The BBVA Group                                                    |     |      |   7 |
| Use of Proceeds                                                   |     |      |   8 |
| Consolidated Capitalization and Indebtedness of the BBVA Group    |     |      |   9 |
| Description of BBVA Ordinary Shares                               |     |      |  10 |
| Description of BBVA American Depositary Shares                    |     |      |  20 |
| Description of Rights to Subscribe for Ordinary Shares            |     |      |  28 |
| Description of the Notes of BBVA                                  |     |      |  29 |
| Description of the Contingent Convertible Preferred Securities of 
 BBVA                                                              |     |      |  53 |
| Spanish Tax Considerations                                        |     |      |  93 |
| U.S. Tax Considerations                                           |     |      | 104 |
| Benefit Plan Investor Considerations                              |     |      | 112 |
| Plan of Distribution