Company: BBVXF
Filing Date: 2025-09-09
Form Type: 424B3
Source: 0001193125-25-198517
Chunk: 199

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-09-09
Form: 424B3
Chunk 199
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 received by U.S. Holders pursuant to the exchange offer (or of BBVA ADSs that a U.S. Holder may own following an exchange of BBVA shares received in the exchange offer), but it does not purport to be a comprehensive description of all of the tax considerations that may be relevant to a particular person’s decision to participate in the exchange offer. For the avoidance of doubt, BBVA ADSs are not being offered as consideration pursuant to the exchange offer. The discussion applies only to U.S. Holders that hold Banco Sabadell shares, and will hold BBVA shares or BBVA ADSs, as capital assets for U.S. federal income tax purposes. In addition, it does not describe all of the tax consequences that may be relevant in light of a U.S. Holder’s particular circumstances or tax consequences applicable to U.S. Holders subject to special rules, such as:

| • |     | financial institutions; |

| • |     | insurance companies; |

| • |     | dealers or electing traders in securities that use a mark-to-market method of tax accounting; |

| • |     | persons that hold Banco Sabadell shares, or that will hold BBVA shares or BBVA ADSs, as part of a 
 “straddle”, conversion transaction or integrated transaction;                                     |

| • |     | persons whose “functional currency” is not the U.S. dollar; |

| • |     | tax exempt entities, “individual retirement accounts” or “Roth IRAs”; |

| • |     | partnerships or other entities classified as partnerships for U.S. federal income tax purposes or partners 
 therein;                                                                                                   |

| • |     | persons that own or are deemed to own, by vote or value, 5% or more of the shares of Banco Sabadell or BBVA; |

| • |     | persons that acquired Banco Sabadell shares pursuant to the exercise of an employee stock option or otherwise as                                                        
 compensation; or persons that hold Banco Sabadell shares, or that will hold BBVA shares or BBVA ADSs, in connection with a trade or business outside the United States. |

If an entity that is classified as a partnership for U.S. federal income tax purposes owns Banco Sabadell shares or BBVA shares or BBVA ADSs, the U.S. federal income tax treatment of a partner in the partnership will generally depend on the status of the partner and the activities of the partnership. Entities classified as partnerships for U.S.