Bond BBVA Banco 1.375% ( XS1820037270 ) in EUR

BBVA Banco

100 % ▲

Spain

XS1820037270 ( in EUR )

1.375% per year ( payment 1 time a year)

14/05/2025

Prospectus brochure of the bond BBVA XS1820037270 en EUR 1.375%, maturity 14/05/2025

100 000 EUR

1 000 000 000 EUR

14/05/2025 ( In 4 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 XS1820037270, pays a coupon of 1.375% per year.
The coupons are paid 1 time per year and the Bond maturity is 14/05/2025

EXECUTION VERSION
FINAL TERMS
MIFID II product governance / Professional investors and ECPs only target market
Solely for the purposes of each manufacturer's product approval process, the target market
assessment in respect of the Notes has led to the conclusion that: (i) the target market for the
Notes is eligible counterparties and professional clients only, each as defined in Directive
2014/65/EU (as amended, MiFID II); and (ii) all channels for distribution of the Notes to
eligible counterparties and professional clients are appropriate. Any person subsequently
offering, selling or recommending the Notes (a distributor) should take into consideration the
manufacturers' target market assessment; however, a distributor subject to MiFID II is
responsible for undertaking its own target market assessment in respect of the Notes (by either
adopting or refining the manufacturers' target market assessment) and determining appropriate
distribution channels.
PROHIBITION OF SALES TO EEA RETAIL INVESTORS - The Notes are not intended
to be offered, sold or otherwise made available to, and, with effect from such date, should not
be offered, sold or otherwise made available to any retail investor in the European Economic
Area (the EEA). For these purposes, a retail investor means a person who is one (or more) of:
(i) a retail client as defined in point (11) of Article 4(1) of MiFID II; (ii) a customer within the
meaning of Directive 2002/92/EC (IMD), where that customer would not qualify as a
professional client as defined in point (10) of Article 4(1) of MiFID II; or (iii) not a qualified
investor as defined in Directive 2003/71/EC (as amended, the Prospectus Directive).
Consequently no key information document required by Regulation (EU) No 1286/2014 (the
PRIIPs Regulation) for offering or selling the Notes or otherwise making them available to
retail investors in the EEA has been prepared and therefore offering or selling the Notes (or
beneficial interests therein) or otherwise making them available to any retail investor in the
EEA may be unlawful under the PRIIPs Regulation.
8 May 2018
Banco Bilbao Vizcaya Argentaria, S.A.
Issue of
EUR 1,000,000,000 1.375 per cent. Senior Non-Preferred Green Notes due May 2025
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 17 July 2017 and the
supplements to it dated 31 July 2017, 27 October 2017, 28 December 2017, 14 February 2018,
25 April 2018 and 30 April 2018 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.
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2.
(a)
Series Number:
156
(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:
99.451 per cent. of the Aggregate
Nominal Amount
6.
(a)
Specified Denomination:
EUR 100,000
(b)
Calculation Amount (in relation EUR 100,000
to calculation of interest in
global form see Conditions):
7.
(a)
Issue Date:
14 May 2018
(b)
Interest Commencement Date:
Issue Date
8.
Maturity Date:
14 May 2025, subject to adjustment, for
the purposes of making payment only and
not for interest accrual purposes, in
accordance with the Following Business
Day Convention
9.
Interest Basis:
1.375 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.
Status of the Notes:
Senior
(a)
Status of Senior Notes:
Senior Non-Preferred
(b)
Status of Subordinated Notes:
Not Applicable
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(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(s) of Interest:
1.375 per cent. per annum payable in
arrear on each Interest Payment Date
(b)
Interest Payment Date(s):
14 May in each year, commencing on 14
May 2019, up to and including 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 1,375 per annum per Calculation
Notes in definitive form (and in Amount
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)
(f)
Determination Date(s):
14 May 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.
Tax Redemption

If redeemable in part:

(a)
Minimum Redemption Amount: EUR 100,000
(b)
Maximum Redemption Amount: EUR 999,900,000
19.
Issuer Call
Not Applicable
20.
Investor Put
Not Applicable
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21.
Final Redemption Amount:
EUR 100,000 per Calculation Amount
22.
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
23.
Form of Notes:
Bearer Notes:

Temporary
Bearer
Global
Note
exchangeable for a Permanent Bearer
Global Note which is exchangeable for
Definitive Notes upon an Exchange Event
excluding the Exchange Event described
in paragraph (iii) of the definition in the
Permanent Global Note
24.
New Global Note (NGN):
Applicable
25.
Additional Financial Centre(s):
Not Applicable
26.
Talons for future Coupons to be attached No
to Definitive Bearer Notes:
27.
Condition 16 applies:
Yes
28.
Eligible Liabilities Event:
Applicable in accordance with the
Conditions
29.
Additional Events of Default (Senior Not Applicable
Preferred Notes):
30.
RMB Currency Event:
Not Applicable
31.
Spot Rate (if different from that set out Not Applicable
in Condition 5(h)):
32.
Party responsible for calculating the Not Applicable
Spot Rate:
33.
Relevant Currency (if different from that Not Applicable
in Condition 5(h)):
34.
RMB Settlement Centre(s)

Not Applicable

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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
trading:
on 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 14
May 2018.
(b)
Estimate of total expenses GBP 4,070
related
to
admission
to
trading:
2.
RATINGS

The Notes to be issued are expected to be
rated:
Standard & Poor's Credit Market Services
Europe Limited (S&P): BBB+
Moody's Investors Services España, S.A.
(Moody's): Baa3
Fitch Ratings España, S.A.U. (Fitch): A-
Each of S&P, Moody's and Fitch is
established in the EEA and registered under
Regulation (EU) No 1060/2009, as amended.

3.
INTERESTS OF NATURAL AND LEGAL PERSONS INVOLVED IN THE
ISSUE
Save for any fees payable to Banco Bilbao Vizcaya Argentaria, S.A., Bankinter, S.A.,
Commerzbank Aktiengesellschaft, Crédit Agricole Corporate and Investment Bank,
HSBC Bank plc, Société Générale and UniCredit Bank AG (the Managers), so far
as the Issuer is aware, no person involved in the issue of the Notes has an interest
material to the offer. The 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
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4.
REASONS FOR THE OFFER

The net proceeds of the issue of the Notes are for green purposes (as described in the
Offering Circular (in particular, in the supplement dated 25 April 2018)) and
therefore the Notes shall be considered as Green Notes as this term is defined in the
Offering Circular.
5.
YIELD

Indication of yield:
1.458 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.

6.
OPERATIONAL

INFORMATION
(a)
ISIN:
XS1820037270
(b)
Common Code:
182003727
(c)
CUSIP:
Not Applicable
(d)
Any clearing system(s) other Not Applicable
than Euroclear Bank SA/NV,
Clearstream Banking, S.A.
and 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):
7.
PROHIBITION OF SALES TO

EEA RETAIL INVESTORS

Prohibition of sales to EEA Retail
Applicable
Investors:

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