Obbligazione BBVA 0.375% ( XS2079713322 ) in EUR

BBVA

100 EUR ⇌

Spagna

XS2079713322 ( in EUR )

0.375% per anno ( pagato 1 volta l'anno)

15/11/2026 - Obbligazione è scaduto

Prospetto opuscolo dell'obbligazione Banco Bilbao Vizcaya Argent XS2079713322 in EUR 0.375%, scaduta

Banco Bilbao Vizcaya Argentaria (BBVA) è una banca multinazionale spagnola con presenza in oltre 30 paesi, operante nei settori della finanza, assicurazioni e gestione patrimoniale.

L'obbligazione con codice ISIN XS2079713322 emessa da Banco Bilbao Vizcaya Argentaria in Spagna, denominata in EUR, con cedola dello 0,375% e scadenza il 15/11/2026, è giunta a scadenza ed è stata rimborsata al 100%.

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 Directive 2016/97/EU, 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
Directive 2003/71/EC (the Prospectus Directive). Consequently no key information document
required by Regulation (EU) No 1286/2014 (as amended, 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 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 AS THE ONLY TARGET MARKET Solely for the purposes of the
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. The target market assessment indicates that the
Notes are incompatible with the knowledge, experience, needs, characteristic and objective of clients
which are retail clients (as defined in MiFID II) and accordingly the Notes shall not be offered or sold
to any retail clients. 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 (as amended or modified, the SFA) In connection with Section 309B of the SFA and the
Securities and Futures (Capital Markets Products) Regulations 2018 of Singapore (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
Specified Investment Products (as defined in the Singapore Monetary Authority (the MAS) Notice SFA
04-N12: Notice on the Sale of Investment Products and the 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 0.375 per cent. Senior Preferred Notes due November 2026
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 July 2019 and the supplements to it dated 7
August 2019, 13 September 2019 and 1 November 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
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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 Euronext Dublin.
1.
Issuer:
Banco Bilbao Vizcaya Argentaria, S.A.
2.
(a)
Series Number:
162
(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:
99.443 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 (in relation
EUR 100,000
to calculation of interest in
global form see Conditions):
7.
(a)
Issue Date:
15 November 2019
(b)
Interest Commencement Date:
Issue Date
8.
Maturity Date:
15 November 2026
9.
Interest Basis:
0.375 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.
(a)
Status of the Notes
Senior
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(b)
Status of Senior Notes:
Senior Preferred
(c)
Status of Subordinated Notes:
Not Applicable
(d)
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:
0.375 per cent. per annum payable in arrear on
each Interest Payment Date
(b)
Interest Payment Date(s):
15 November in each year commencing on 15
November 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
EUR 375 per Calculation Amount
Notes 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):
15 November 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
If redeemable in part:
(a)
Minimum Redemption Amount: EUR 100,000
(b)
Maximum
Redemption EUR 999,900,000
Amount:
19.
Issuer Call
Not Applicable
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20.
Investor Put
Not Applicable
21.
Final Redemption Amount:
EUR 100,000
22.
Early Redemption Amount payable on
EUR 100,000
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.
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
35.
Governing Law:
Spanish Law
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11 November 2019
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 on
trading:
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 15 November 2019
(b)
Estimate of total expenses
EUR 1,000
related to admission to trading:
2.
RATINGS
The Notes are expected to be rated:
Moody's Investors Services España, S.A.
(Moody's): A3
Standard & Poor's Credit Market Services
Europe Limited (S&P): A-
Fitch Ratings España, S.A.U. (Fitch): A
Each of Moody's, S&P and Fitch are 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
The net proceeds of the issue of the Notes will be
used for the Group's general corporate purposes,
which include making a profit.
5.
YIELD
(a)
Indication of yield:
0.456 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:
XS2079713322
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(b)
Common Code:
207971332
(c)
CFI:
See the website of the Association of National
Numbering Agencies (ANNA) or alternatively
sourced from the responsible National
Numbering Agency that assigned the ISIN
(d)
FISN:
See the website of the Association of National
Numbering Agencies (ANNA) or alternatively
sourced from the responsible National
Numbering Agency that assigned the ISIN
(e)
CUSIP:
Not Applicable
(f)
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):
(g)
Delivery:
Delivery against payment
(h)
Names and addresses of
Not Applicable
additional 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
Applicable
Retail Investors:
(b)
Prohibition of Sales to Belgian
Applicable
Consumers:
8.
RELEVANT BENCHMARKS
(a)
Relevant Benchmark:
Not Applicable
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