Company: BBVXF
Filing Date: 2025-01-08
Form Type: 424B5
Source: 0001193125-25-003393
Chunk: 152

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-01-08
Form: 424B5
Chunk 152
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 withholding or deduction of such taxes,
duties, assessments or governmental charges is required by law. In that event, BBVA shall (to the extent such payment can be made out of Distributable Items of BBVA on the same basis as for payment of any Distribution) pay, in respect of any
withholding or deduction imposed on payments of Distributions only (and not Liquidation Preference or other amount), such additional amounts (“Additional Amounts”) as will result in holders of Preferred Securities receiving such
amounts as they would have received in respect of such Distributions had no such withholding or deduction been required.

BBVA shall not
be required to pay any Additional Amounts in relation to any payment in respect of any Preferred Security:

(i) to, or to a third party on
behalf of, a holder of Preferred Securities if the holder or the beneficial owner of such Preferred Securities is liable for such Taxes in respect of such Preferred Security by reason of his or her having some connection with Spain other than the
mere holding of such Preferred Security; or

(ii) to, or to a third party on behalf of, a holder of Preferred Securities if the holder or
the beneficial owner has not provided such information as may be necessary to comply with any certification, identification or other requirements concerning the nationality, residence, identity or connection with the taxing jurisdiction of such
holder or beneficial owner, if such claim or compliance is required by statute, regulation or administrative practice of Spain as a condition to relief or exemption from such taxes; or

(iii) to, or to a third party on behalf of, a holder of Preferred Securities in respect of a withholding tax imposed on payments made to
individuals with tax residence in Spain following the criteria held by the Spanish tax authorities under which the withholding regime set out in Royal Decree 439/2007 of March 30 prevails over that set out in RD 1065/2007; or

(iv) to, or to a third party on behalf of, a holder if BBVA does not receive the relevant information as may be required by Spanish tax law,
regulation or binding ruling, including a duly executed and completed Payment Statement from the Paying Agent; or

(v) where the
withholding or deduction is required pursuant to an agreement described in Section 1471(b) of the U.S. Internal Revenue Code of 1986, as amended (the “Code”) or otherwise imposed pursuant to Sections 1471 through 1474 of the
Code (“FAT