Bond BBVA Banco 3.5% ( XS1562614831 ) in EUR

BBVA Banco

100 % ▲

Spain

XS1562614831 ( in EUR )

3.5% per year ( payment 1 time a year)

09/02/2027

Prospectus brochure of the bond BBVA XS1562614831 en EUR 3.5%, maturity 09/02/2027

100 000 EUR

1 000 000 000 EUR

10/02/2026 ( In 274 days )

BBVA is a Spanish multinational financial services corporation offering a wide range of banking, investment, and wealth management products and services globally.

The Bond issued by BBVA Banco ( Spain ) , in EUR, with the ISIN code XS1562614831, pays a coupon of 3.5% per year.
The coupons are paid 1 time per year and the Bond maturity is 09/02/2027

FINAL TERMS
7 February 2017

Banco Bilbao Vizcaya Argentaria, S.A.
Issue of EUR 1,000,000,000 3.500 per cent. Tier 2 Subordinated Notes due February 2027
under the 40,000,000,000
Global Medium Term Note Programme
PART A - CONTRACTUAL TERMS
Terms used herein shall be deemed to be defined as such for the purposes of the terms and conditions
(the "Conditions") set forth in the Offering Circular dated 25 November 2016 and the supplements to
it dated 16 December 2016, 23 December 2016 and 1 February 2017 which together constitute a base
prospectus for the purposes of the Prospectus Directive (the "Offering Circular"). This document
constitutes the Final Terms of the Notes described herein for the purposes of Article 5.4 of the
Prospectus Directive and must be read in conjunction with the Offering Circular. Full information on
the Issuer and the offer of the Notes is only available on the basis of the combination of these Final
Terms and the Offering Circular. The Offering Circular has been published on the website of the
London Stock Exchange.

1.
Issuer:
Banco Bilbao Vizcaya Argentaria, S.A.
2.
(a)
Series Number:
145
(b)
Tranche Number:
1
(c)
Date on which the Notes will be Not Applicable
consolidated and form a single
Series:
3.
Specified Currency or Currencies:
Euro ("EUR")
4.
Aggregate Nominal Amount:

(a)
Series:
EUR 1,000,000,000
(b)
Tranche:
EUR 1,000,000,000
5.
Issue Price:
99.992 per cent. of the Aggregate Nominal
Amount
6.
(a)
Specified Denominations:
EUR 100,000 and integral multiples of EUR
100,000 thereafter
(b)
Calculation Amount (in relation to EUR 100,000
calculation of interest in global
form see Conditions):
7.
(a)
Issue Date:
10 February 2017
(b)
Interest Commencement Date:
Issue Date

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10 February 2027, subject to adjustment, for the
8.
Maturity Date:
purposes of making payment only and not for
interest accrual purposes, in accordance with
the Business Day Convention specified below
9.
Interest Basis:
3.500 per cent. Fixed Rate

(see paragraph 14 below)
10.
Redemption/Payment Basis:
Subject to any purchase and cancellation or
early redemption, the Notes will be redeemed
on the Maturity Date at 100 per cent. of their
nominal amount
11.
Change of Interest Basis:
Not Applicable
12.
Put/Call Options:
Not Applicable
13.
(a)
Status of the Notes:
Subordinated
(b)
Status of Subordinated Notes:
Tier 2 Subordinated
(c)
Date approval for issuance of Not Applicable
Notes obtained:
PROVISIONS RELATING TO INTEREST (IF ANY) PAYABLE
14.
Fixed Rate Note Provisions
Applicable
(a)
Rate of Interest:
3.500 per cent. per annum payable in arrear on
each Interest Payment Date
(b)
Interest Payment Date(s):
10 February in each year beginning with the
first Interest Payment Date on 10 February
2018 and ending on the final Interest Payment
Date on the Maturity Date, subject to
adjustment for the purposes of making payment
only and not for interest accrual purposes, in
accordance with the Following Business Day
Convention
(c)
Fixed Coupon Amount(s) for EUR 3,500 per Calculation Amount
Notes in definitive form (and in
relation to Notes in global form see
Conditions):

(d)
Broken Amount(s) for Notes in Not Applicable
definitive form (and in relation to
Notes
in
global
form
see
Conditions):

(e)
Day Count Fraction:
Actual/Actual (ICMA)

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(f)
Determination Date(s):
10 February in each year
15.
Fixed Reset Provisions:
Not Applicable
16.
Floating Rate Note Provisions
Not Applicable
17.
Zero Coupon Note Provisions
Not Applicable
PROVISIONS RELATING TO REDEMPTION
18.
Issuer Call
Not Applicable
19.
Investor Put
Not Applicable
20.
Final Redemption Amount:
EUR 100,000 per Calculation Amount
21.
Early Redemption Amount payable on EUR 100,000 per Calculation Amount
redemption for taxation reasons, on an
event of default, upon the occurrence of a
Capital Event or upon the occurrence of an
Eligible Liabilities Event:
GENERAL PROVISIONS APPLICABLE TO THE NOTES
22.
Form of Notes:
Bearer Notes:

Temporary Bearer Global Note exchangeable
for a Permanent Bearer Global Note which is
exchangeable for Definitive Notes only upon an
Exchange Event excluding the exchange event
described in paragraph (iii) of the definition in
the Permanent Global Note
23.
New Global Note (NGN):
Applicable
24.
Additional Financial Centre(s):
Not Applicable
25.
Talons for future Coupons to be attached to No
Definitive Bearer Notes:
26.
Condition 16 applies:
Yes
27.
Eligible
Liabilities
Event
(Senior Not Applicable (for so long as the Notes
Subordinated Notes):
qualify as Tier 2 Instruments)
28.
RMB Currency Event:
Not Applicable
29.
Spot Rate (if different from that set out in Not Applicable
Condition 5(h)):
30.
Party responsible for calculating the Spot Not Applicable
Rate:
31.
Relevant Currency (if different from that in Not Applicable

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Condition 5(h)):
32.
RMB Settlement Centre(s)

Not Applicable

Signed on behalf of the Issuer:

By: ........................................................................
Duly authorised

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PART B - OTHER INFORMATION

1.
LISTING AND ADMISSION TO TRADING
(a)
Listing
and
Admission
to Application has been made by the Issuer (or on
trading:
its behalf) for the Notes to be admitted to trading
on the London Stock Exchange's regulated
market and to the Official List of the UK Listing
Authority with effect from 10 February 2017.
(b)
Estimate of total expenses related GBP 4,070
to admission to trading:
2.
RATINGS

The Notes to be issued are expected to be rated:
Standard & Poor's Credit Market Services Europe
Limited: BBB-
Moody's Investors Services España, S.A.: Baa3
Fitch Ratings España, S.A.U.: BBB+

3.
INTERESTS OF NATURAL AND LEGAL PERSONS INVOLVED IN THE ISSUE
So far as the Issuer is aware, no person involved in the issue of the Notes has an interest
material to the offer (other than Banco Bilbao Vizcaya Argentaria, S.A. in its capacity as Joint
Lead Manager). The Joint Lead Managers and their affiliates have engaged and may in the
future engage in investment banking and/or commercial banking transactions with, and may
perform other services for, the Issuer and its affiliates in the ordinary course of business.
4.
YIELD (Fixed Rate Notes only)

Indication of yield:
3.501 per cent. per annum

The yield is calculated at the Issue Date on the
basis of the Issue Price. It is not an indication of
future yield.
5.
OPERATIONAL INFORMATION

(a)
ISIN:
XS1562614831
(b)
Common Code:
156261483
(c)
CUSIP:
Not Applicable
(d)
Any clearing system(s) other Not Applicable
than Euroclear Bank S.A./N.V.,
Clearstream Banking, S.A. and

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the Depository Trust Company
and the relevant identification
number(s):
(e)
Delivery:
Delivery against payment
(f)
Names
and
addresses
of Not Applicable
additional Paying Agent(s) (if
any):

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