Company: BBVXF
Filing Date: 2025-01-08
Form Type: 424B5
Source: 0001193125-25-003393
Chunk: 52

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-01-08
Form: 424B5
Chunk 52
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 any intergovernmental agreement relating thereto.                                                                                                                                                                                         |

| The payment of any Additional Amounts in respect of the Preferred Securities pursuant to the Indenture is also subject to the same conditions and limitations as the payment of any Distribution, including the conditions 
 and limitations described under “ —Distributions Discretionary” above.                                                                                                                                                     |

S-34

| Additional Issuances | We may, from time to time, without the consent or sanction of the holders of the Preferred Securities: (i) take any action required to issue additional Parity Securities or authorize, create and issue one or more series of Parity Securities 
 ranking equally with the Preferred Securities, as to the participation in our profits and/or assets, without limit as to the amount; or (ii) take any action required to authorize, create and issue one or more classes or series of shares of  
 BBVA, including Common Shares, or securities mandatorily convertible into our Common Shares ranking junior or senior to the Preferred Securities, as to the participation in our profits and/or assets.                                          |

| By acquiring a Preferred Security, holders and beneficial owners of Preferred Securities agree to renounce any rights of seniority or preference that may be conferred upon it (if any) under applicable Spanish law (to 
 the extent permitted under applicable Spanish law) over any holder of such Parity Securities issued by us from time to time.                                                                                             |

| The Preferred Securities do not grant the holders of the Preferred Securities pre-emption rights in respect of any possible future issues of Parity Securities, Common Shares or 
 any other securities by us or any of our subsidiaries.                                                                                                                           |

| We may, from time to time, without the consent of the holders of the Preferred Securities, issue additional Preferred Securities (“Additional Preferred Securities”) of one or more of the series issued                                      
 under the Indenture having the same ranking and same Distribution Rate, redemption terms and other terms as the Preferred Securities except for the price to the public, the initial Accrual Date (as defined herein), Closing Date and first 
 Distribution Payment Date. Any such Additional Preferred Securities, together with the Preferred Securities, will constitute a single series of Preferred Securities under the Indenture.                                                     |

| In addition to the above, we may, from time to time, without the consent or sanction of the holders of the Preferred Securities, take any action required to authorize, create and issue one or more series of securities 
 ranking senior or junior to the Preferred Securities, as to the participation in our profits and