Bond BBVA Banco 1.125% ( XS1956973967 ) in EUR

BBVA Banco

100 % ▲

Spain

XS1956973967 ( in EUR )

1.125% per year ( payment 1 time a year)

27/02/2024 - Bond has expired

Prospectus brochure of the bond BBVA XS1956973967 in EUR 1.125%, expired

100 000 EUR

1 000 000 000 EUR

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 XS1956973967, pays a coupon of 1.125% per year.
The coupons are paid 1 time per year and the Bond maturity is 27/02/2024

EXECUTION VERSION
FINAL TERMS
PROHIBITION OF SALES TO EEA RETAIL INVESTORS
The Notes are not intended to be offered, sold or otherwise made available to, and 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 Directive 2014/65/EU (as amended, MiFID II); (ii) a
customer within the meaning of the Insurance Mediation Directive, 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 the Prospectus Directive. Consequently no key information document
required by Regulation (EU) No 1286/2014 (as amended, the PRIIPs Regulation) for offering or
selling Notes or otherwise making them available to retail investors in the EEA has been prepared and
therefore offering or selling Notes or otherwise making them available to any retail investor in the
EEA may be unlawful under the PRIIPs Regulation.
MIFID II PRODUCT GOVERNANCE/PROFESSIONAL INVESTORS AND ELIGIBLE
COUNTERPARTIES 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 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.

Notification under Section 309B(1)(c) of the Securities and Futures Act (Chapter 289) of
Singapore (the SFA) In connection with Section 309B of the SFA and the Securities and Futures
(Capital Markets Products) Regulations 2018 (the CMP Regulations 2018), the Issuer has determined
the classification of the Notes to be capital markets products other than prescribed capital markets
products (as defined in the CMP Regulations 2018) and Excluded Investment Products (as defined in
the Singapore Monetary Authority (the MAS) Notice SFA 04-N12: Notice on the Sale of Investment
Products and MAS Notice FAA-N16: Notice on Recommendations on Investment Products).

Banco Bilbao Vizcaya Argentaria, S.A.
Issuer Legal Entity Identifier (LEI): K8MS7FD7N5Z2WQ51AZ71
Issue of EUR 1,000,000,000 Fixed Rate Notes 1.125% due 28 February 2024
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 2 August, 2018 and the supplements to it
dated 9 November 2018 and 13 February 2019 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

1

EXECUTION VERSION
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 Euronext Dublin.

1.
Issuer:
Banco Bilbao Vizcaya Argentaria, S.A.
2.
(a)
Series Number:
159
(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:
99.701 per cent. of the Aggregate Nominal
Amount
6.
(a)
Specified Denomination:
EUR 100,000 and integral multiples of EUR
100,000 thereafter.
(in the case of Registered Notes, this
means the minimum integral amount
in which transfers can be made)
(b)
Calculation Amount (in relation to EUR 100,000
calculation of interest in global form
see Conditions):

7.
(a)
Issue Date:
28 February 2019
(b)
Interest Commencement Date:
Issue Date
8.
Maturity Date:
28 February 2024
9.
Interest Basis:
1.125 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

2

EXECUTION VERSION
13.
(a)
Status of the Notes:
Senior
(b)
Status of Senior Notes:
Senior Non-Preferred
(c)
Status of Subordinated Notes:
Not Applicable
(d)
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:
1.125 per cent. per annum payable in arrear on
each Interest Payment Date
(b)
Interest Payment Date(s):
28 February in each year commencing on 28
February 2020 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 EUR 1,125 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:
Actual/Actual (ICMA)
(f)
Determination Date(s):
28 February in each year
15.
Fixed Reset Note Provisions
Not Applicable
16.
Floating Rate Note Provisions
Not Applicable
17.
Zero Coupon Note Provisions
Not Applicable

PROVISIONS RELATING TO REDEMPTION

18.
Tax Redemption

3

EXECUTION VERSION
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
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 to No
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 in Not Applicable
Condition 5(h)):
32.
Party responsible for calculating the Spot Not Applicable
Rate:
33.
Relevant Currency (if different from that in Not Applicable

4

EXECUTION VERSION
Condition 5(h)):
34.
RMB Settlement Centre(s):

Not Applicable

35.
Governing Law:
Spanish Law
Signed on behalf of the Issuer:

By: ........................................................................

Duly authorised

5

EXECUTION VERSION
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 Euronext Dublin's regulated market
and admitted to the Official List of Euronext
Dublin with effect from 28 February 2019.
(b)
Estimate of total expenses related EUR 1,000
to admission to trading:
2.
RATINGS
The Notes are expected to be rated:
Moody's Investors Services España, S.A.: Baa2
Standard & Poor's Credit Market Services
Europe Limited: BBB+
Fitch Ratings España, S.A.U.: A-

Each of Moody's, Standard And Poor's and
Fitch is established in the European Union and
is registered under Regulation (EC) No.
1060/2009 (as amended).
3.
INTERESTS OF NATURAL AND LEGAL PERSONS INVOLVED IN THE ISSUE
Save for any fees payable to 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.
4.
REASONS FOR THE OFFER
See "Use of Proceeds" wording in Offering
Circular
5.
YIELD

(a) Indication of yield:
1.187 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:
XS 1956973967
(b)
Common Code:
195697396

6

EXECUTION VERSION
(c)
CFI:
DTFUFB
(d)
FISN:
BBVA SA/1 MTN 20240228 UNSEC UNGTD
(e)
CUSIP:
Not Applicable
(f)
Any clearing system(s) other than Not Applicable
Euroclear
Bank
SA/NV,
Clearstream Banking, S.A. and the
Depository Trust Company and the
relevant identification number(s):
(g)
Delivery:
Delivery against payment
(h)
Names and addresses of additional Not Applicable
Paying Agent(s) (if any):
(i)
Intended to be held in a manner Yes. Note that the designation "yes" does not
which would allow Eurosystem necessarily mean that the Notes will be
eligibility:
recognised as eligible collateral for Eurosystem
monetary policy and intra-day credit operations
by the Eurosystem either upon issue or at any or
all times during their life. Such recognition will
depend upon the European Central Bank being
satisfied that Eurosystem eligibility criteria
have been met. The Notes will be deposited
initially upon issue with one of Euroclear Bank
SA/NV and/or Clearstream Banking, S.A.
(together, the ICSDs) acting as common
safekeeper.
7.
PROHIBITION OF SALES

(a)
Prohibition of Sales to EEA Retail Applicable
Investors:
(b)
Prohibition of Sales to Belgian Applicable
Consumers:
8.
RELEVANT BENCHMARKS

(a)
Relevant Benchmark:
Not Applicable

7