Bond BBVA Banco 1.6% ( XS1615673701 ) in CHF

BBVA Banco

100 % ⇌

Spain

XS1615673701 ( in CHF )

1.6% per year ( payment 1 time a year)

24/05/2027

Prospectus brochure of the bond BBVA XS1615673701 en CHF 1.6%, maturity 24/05/2027

24/05/2026 ( In 332 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 CHF, with the ISIN code XS1615673701, pays a coupon of 1.6% per year.
The coupons are paid 1 time per year and the Bond maturity is 24/05/2027

16 May 2017

Banco Bilbao Vizcaya Argentaria, S.A.
Issue of CHF 20,000,000 1.600 per cent. Tier 2 Subordinated Notes due May 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, 24 February 2017 and 28
April 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:
151
(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:
Swiss Francs ("CHF")
4.
Aggregate Nominal Amount:

(a)
Series:
CHF 20,000,000
(b)
Tranche:
CHF 20,000,000
5.
Issue Price:
100 per cent. of the Aggregate Nominal Amount
6.
(a) Specified Denomination[s]:
CHF 200,000 and integral multiples of CHF
200,000 thereafter
(b)
Calculation Amount (in relation to
CHF 200,000
calculation of interest in global form
see Conditions):

7.
(a) Issue Date:
24 May 2017
(b) Interest Commencement Date:
Issue Date
8.
Maturity Date:
24 May 2027, subject to adjustment, for the
purposes of making payment only and not for
interest accrual purposes, in accordance with the
DMS#5071946 v.1

Business Day Convention specified below
9.
Interest Basis:
1.600 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 Notes Not Applicable
obtained:
PROVISIONS RELATING TO INTEREST (IF ANY) PAYABLE
14.
Fixed Rate Note Provisions
Applicable
(a)
Rate(s) of Interest:
1.600 per cent. per annum payable in arrear on
each Interest Payment Date
(b)
Interest Payment Date(s):
24 May in each year 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 Notes
CHF 3,200 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):
24 May in each year
15.
Fixed Reset Provisions:
Not Applicable
16.
Floating Rate Note Provisions
Not Applicable
17.
Zero Coupon Note Provisions
Not Applicable

DMS#5071946 v.1

PROVISIONS RELATING TO REDEMPTION

18.
Issuer Call
Not Applicable
19.
Investor Put
Not Applicable
20.
Final Redemption Amount:
CHF 200,000 per Calculation Amount
21.
Early Redemption Amount payable on
CHF 200,000 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):
Zurich and TARGET2
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 qualify
Subordinated Notes):
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

DMS#5071946 v.1

PART B - OTHER INFORMATION

1.
LISTING AND ADMISSION TO TRADING
(a)
Listing and Admission to trading:
Application has been made by the Issuer (or 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 24 May 2017
(b)
Estimate of total expenses related GBP 720
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
Save for any fees payable to The Royal Bank of Scotland (trading as NatWest Markets) in its
capacity as Manager, so far as the Issuer is aware, no person involved in the issue of the Notes has
an interest material to the offer. The Manager and its 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:
1.600 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:
XS1615673701
(b)
Common Code:
161567370
(c)
CUSIP:
Not Applicable
(d)
Any clearing system(s) other than
Not applicable
Euroclear Bank S.A./N.V.,
Clearstream Banking, S.A. and the
Depository Trust Company and the
DMS#5071946 v.1

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

DMS#5071946 v.1