Obligation BBVA Banco 3.5% ( XS1055241373 ) en EUR

BBVA Banco

100 % ⇌

Espagne

XS1055241373 ( en EUR )

3.5% par an ( paiement annuel )

11/04/2024 - Obligation échue

Prospectus brochure de l'obligation BBVA XS1055241373 en EUR 3.5%, échue

100 000 EUR

1 500 000 000 EUR

BBVA est une banque multinationale espagnole offrant une large gamme de services financiers, notamment la banque de détail, la gestion d'actifs et l'investissement bancaire, opérant principalement en Espagne, en Amérique latine et aux États-Unis.

L'Obligation émise par BBVA Banco ( Espagne ) , en EUR, avec le code ISIN XS1055241373, paye un coupon de 3.5% par an.
Le paiement des coupons est annuel et la maturité de l'Obligation est le 11/04/2024

FINAL TERMS DATED 3 APRIL 2014
BBVA Subordinated Capital, S.A. Unipersonal
Issue of EUR 1,500,000,000 Fixed Reset Notes due April 2024
Guaranteed by Banco Bilbao Vizcaya Argentaria, S.A.
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 Conditions set forth in
the Offering Circular dated 1 July 2013 and the supplements to it dated 31 July 2013, 25 October 2013,
28 October 2013, 31 January 2014 and 14 March 2014 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.
(a)
Issuer:
BBVA Subordinated Capital, S.A. Unipersonal

(b)
Guarantor:
Banco Bilbao Vizcaya Argentaria, S.A.
2.
(a)
Series Number:
137

(b)
Tranche Number:
1

(c)
Date on which the Notes will Not applicable
be consolidated and form a
single Series:
3.
Specified Currency or Currencies:
Euro ("EUR")
4.
Aggregate Nominal Amount:

(a)
Series:
1,500,000,000

(b)
Tranche:
1,500,000,000
5.
Issue Price:
99.694 per cent. of the Aggregate Nominal Amount
6.
(a)
Specified Denomination:
EUR 100,000 and integral multiples of EUR 100,000
thereafter

(b)
Calculation Amount
EUR 100,000
7.
(a)
Issue Date:
11 April 2014

(b)
Interest
Commencement Issue Date
Date:
8.
Maturity Date:
11 April 2024, subject to adjustment, for the purposes of
making payment only and not for interest accrual
purposes, in accordance with the Business Day
Convention specified below
9.
Interest Basis:
Fixed Reset Notes (see paragraph 15 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

- 1-

11.
Change of Interest Basis:
Not applicable
12.
Put/Call Options:
Issuer Call

(see paragraph 18 below)
13.
(a)
Status of the Notes:
Subordinated

(b)
Status of the Guarantee:
Subordinated

(c)
Date Board approval for Not applicable
issuance
of
Notes
and
Guarantee obtained:

PROVISIONS RELATING TO INTEREST (IF ANY) PAYABLE
14.
Fixed Rate Note Provisions
Not applicable
15.
Fixed Reset Provisions:
Applicable

(a)
Initial Interest Rate:
3.5 per cent. per annum payable annually in arrear on
each Interest Payment Date from and including the first
Interest Payment Date up to, and including, the First
Reset Date

(b)
Interest Payment Date(s):
11 April in each year beginning with the first Interest
Payment Date on 11 April 2015 and ending on the Final
Interest Payment Date on the Maturity Date, subject to
adjustments 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 to (but EUR 3,500 per Calculation Amount
excluding) the First Reset
Date:

(d)
Broken Amount(s):
Not applicable

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

(f)
Determination Date(s):
11 April in each year

(g)
First Reset Date:
11 April 2019

(h)
Second Reset Date:
Not applicable

(i)
Subsequent Reset Date(s):
Not applicable

(j)
Reset Margin:
+ 2.55 per cent. per annum

(k)
Relevant Screen Page:
Bloomberg BGCS2 or ICAP (Relevant Screen Page for
5-year EUR Mid Swap Rate as at the First Reset Date)

(l)
Floating Leg Reference Rate:
6 month Euribor Rate

(m)
Floating Leg Screen Page:
EUR006M Index

(n)
Initial Mid-Swap Rate:
1.018 per cent. per annum
16.
Floating Rate Note Provisions
Not applicable
17.
Zero Coupon Note Provisions
Not applicable

- 2-

PROVISIONS RELATING TO REDEMPTION
18.
Issuer Call
Applicable

(a)
Optional Redemption Date(s): 11 April 2019, subject to applicable Spanish capital
adequacy requirements then in force and subject to the
prior consent of the Bank of Spain

(b)
Optional
Redemption EUR 100,000 per Calculation Amount
Amount:

(c)
If redeemable in part:

(i)
Minimum
Not applicable
Redemption Amount:

(ii)
Maximum
Not applicable
Redemption Amount:

(d)
Notice periods:
Minimum period: 30 days

Maximum period: 60 days
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 or upon the
occurrence of a Capital Event:
GENERAL PROVISIONS APPLICABLE TO THE NOTES
22.
Form of Notes:
Temporary Bearer Global Note exchangeable for a
Permanent Bearer Global Note which is exchangeable
for Definitive Notes on 60 days' notice given at any
time/only upon an Exchange Event including 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 No
attached to Definitive Bearer Notes:
26.
Condition 16 applies:
Yes
27.
RMB Currency Event:
Not applicable
28.
Spot Rate (if different from that set Not applicable
out in Condition 5(h)):
29.
Party responsible for calculating the Not applicable
Spot Rate:
30.
Relevant Currency (if different from Not applicable
that in Condition 5(h)):
31.
RMB Settlement Centre(s)
Not applicable

- 3-

Signed on behalf of the Issuer:
Signed on behalf of the Guarantor:

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

- 4-

PART B - OTHER INFORMATION
1.
LISTING AND ADMISSION TO TRADING

(a)
Listing and Admission to Application has been made by the Issuer (or on its
trading:
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 11 April 2014.

(b)
Estimate of total expenses £4,050
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: BB+
Moody's Investors Service España, S.A.: Baa3
Fitch Ratings España, S.A.U.: BBB
3.
INTERESTS OF NATURAL AND LEGAL PERSONS INVOLVED IN THE ISSUE

Save for any fees payable to the Joint Lead Managers, so far as the Issuer is aware, no person
involved in the issue of the Notes has an interest material to the offer.
4.
YIELD

Indication of yield:
3.568 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)
Intended to be held in a Applicable
manner which would allow
Eurosystem eligibility:

(b)
ISIN Code:
XS1055241373

(c)
Common Code:
105524137

(d)
CUSIP:
Not applicable

(e)
Any clearing system(s) other Not applicable
than
Euroclear
Bank
S.A./N.V.,
Clearstream
Banking, société anonyme
and the Depository Trust
Company and the relevant
identification number(s):

(f)
Delivery:
Delivery against payment

(g)
Names and addresses of Not applicable
additional Paying Agent(s) (if
any):

- 5-

6.
THIRD PARTY INFORMATION
Not applicable

- 6-