Bond BBVA Banco 3% ( XS1579039006 ) in EUR

BBVA Banco

100 % ⇌

Spain

XS1579039006 ( in EUR )

3% per year ( payment 1 time a year)

16/03/2027

Prospectus brochure of the bond BBVA XS1579039006 en EUR 3%, maturity 16/03/2027

100 000 EUR

53 400 000 EUR

16/03/2026 ( In 263 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 XS1579039006, pays a coupon of 3% per year.
The coupons are paid 1 time per year and the Bond maturity is 16/03/2027

FINAL TERMS
9th March 2017

Banco Bilbao Vizcaya Argentaria, S.A.
Issue of 53,400,000 Fixed to Floating Tier 2 Subordinated Notes due March 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 25th November, 2016 and
the supplements to it dated 16 December 2016, 23 December 2016, 1 February 2017, 14
February 2017 and 24 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:
147
(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 53,400,000
(b)
Tranche:
EUR 53,400,000
5.
Issue Price:
100 per cent. of the Aggregate Nominal
Amount
6.
(a)
Specified Denomination[s]:
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:
16 March 2017
(b)
Interest Commencement Date:
Issue Date (in respect of the Fixed Rate
Note Provisions)
16 March 2019 (in respect of the
Floating Rate Note Provisions)
8.
Maturity Date:
16 March 2027, 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:
3% per cent. per annum Fixed Rate from
and including the Issue Date to, but
excluding, 16 March 2019.

Thereafter 10 year CMS + 1.30 per cent.
per annum Floating Rate

(see paragraphs 14 and 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
11.
Change of Interest Basis:
From and including the Issue Date, to
but excluding 16 March 2019, the
provisions of paragraph 14 below shall
apply. From and including 16 March
2019 to and including the Maturity Date
the provisions of paragraph 15 shall
apply.
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 Notes Not Applicable
obtained:
PROVISIONS RELATING TO INTEREST (IF ANY) PAYABLE
14.
Fixed Rate Note Provisions
Applicable
(a)
Rate(s) of Interest:
3% per cent. per annum payable in
arrear on each Interest Payment Date
(b)
Interest Payment Date(s):
16 March 2018 and 16 March 2019,
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
(c)
Fixed Coupon Amount(s) for Notes EUR 3,000 per Calculation Amount
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:
30/360
(f)
Determination Date(s):
Not Applicable
15.
Fixed Reset Provisions:
Not Applicable
16.
Floating Rate Note Provisions
Applicable
(a)
Specified
Period(s)/Specified Specified Interest Payment Dates means
Interest Payment Dates:
16 March in each year commencing on
16 March 2020 up to and including the
Maturity Date, subject to adjustment, for
payment purposes only, in accordance
with the Business Day Convention
specified in 16(b) below. For the
avoidance of doubt, Interest Periods
shall not be adjusted.
(b)
Business Day Convention:
Following Business Day Convention
(c)
Additional Business Centre(s):
Not Applicable
(d)
Manner in which the Rate of ISDA Determination
Interest and Interest Amount is to
be determined:
(e)
Party responsible for calculating the Not Applicable
Rate of Interest and Interest
Amount (if not the Principal Paying
Agent):
(f)
Screen Rate Determination:
Not Applicable
(g)
ISDA Determination:
Applicable

Floating Rate Option:
EUR-ISDA-EURIBOR
Swap
Rate-
11:00

Designated Maturity:
10 years

Reset Date:
The first Day of each Interest Period

(h)
Linear Interpolation:
Not Applicable
(i)
Margin(s):
+1.30 per cent. per annum
(j)
Minimum Rate of Interest:
2.00 per cent. per annum
(k)
Maximum Rate of Interest:
Not Applicable
(l)
Day Count Fraction:
30/360
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
Condition 5(h)):
32.
RMB Settlement Centre(s)

Not Applicable

Signed on behalf of the Issuer:

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

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 16
March 2017.
(b)
Estimate of total expenses GBP2,170
related
to
admission
to
trading:
2.
RATINGS
The Notes to be issued are expected to be
rated:
Baa3 by
Moody's
Investors
Services
España, S.A.
BBB- by Standard & Poor's Credit Market
Services Europe Limited
BBB+ by Fitch Ratings España S.A.U
3.
INTERESTS OF NATURAL AND LEGAL PERSONS INVOLVED IN THE
ISSUE
Save for any fees payable to the Dealer, 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 (Fixed Rate Notes only)

Indication of yield:
Not Applicable
5.
OPERATIONAL INFORMATION

(a)
ISIN:
XS1579039006
(b)
Common Code:
157903900
(c)
CUSIP:
Not Applicable
(d)
Any clearing system(s) other Not Applicable
than
Euroclear
Bank
S.A./N.V.,
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):