Obligation BBVA 0.75% ( XS2182404298 ) en EUR

BBVA

100 % ⇌

Espagne

XS2182404298 ( en EUR )

0.75% par an ( paiement annuel )

04/06/2025 - Obligation échue

Prospectus brochure de l'obligation Banco Bilbao Vizcaya Argent XS2182404298 en EUR 0.75%, échue

/

/

Banco Bilbao Vizcaya Argentaria (BBVA) est une grande banque multinationale espagnole offrant une gamme complète de services financiers à travers le monde.

Maturité et Remboursement Intégral pour l'Obligation XS2182404298 de Banco Bilbao Vizcaya Argenta (BBVA) L'obligation identifiée par le code ISIN XS2182404298, émise par Banco Bilbao Vizcaya Argenta (BBVA), a atteint son terme le 4 juin 2025 et a été intégralement remboursée à ses porteurs. Cette émission obligataire, libellée en Euros (EUR) et émise depuis l'Espagne, offrait aux investisseurs un taux d'intérêt nominal de 0,75%. Conformément à ses conditions d'émission, les paiements d'intérêts étaient effectués avec une fréquence annuelle. Le prix actuel sur le marché de 100% au moment du remboursement confirme la restitution du capital nominal aux investisseurs. L'émetteur de cette obligation, Banco Bilbao Vizcaya Argenta, plus communément connue sous l'acronyme BBVA, est l'un des principaux groupes bancaires espagnols et un acteur majeur de la finance mondiale. Fort d'une présence significative en Europe, en Amérique latine et aux États-Unis, BBVA propose une gamme étendue de services bancaires et financiers, de la banque de détail aux services d'investissement, en passant par la gestion d'actifs et l'assurance. Son siège est situé en Espagne, le pays d'émission de cette obligation, ce qui souligne son ancrage européen tout en reflétant sa portée internationale. La confirmation que cette obligation est arrivée à maturité et a été remboursée signifie que le capital investi, ainsi que les derniers intérêts dus, ont été restitués aux détenteurs de l'instrument financier à la date d'échéance convenue, le 4 juin 2025. Cette opération marque la fin du cycle de vie de cet instrument de dette pour les investisseurs et pour l'émetteur, BBVA.

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 2002/92/EC (as amended or superseded, 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 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
manufacturers' 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 0.750 per cent. Senior Preferred Social Notes due June 2025
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, 1 November 2019, 23 December 2019, 13 February 2020, 6 May
2020 and 27 May 2020, 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 Euronext Dublin.

1.
Issuer:
Banco Bilbao Vizcaya Argentaria, S.A.
2.
(a)
Series Number:
166
(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:
99.488 per cent. of the Aggregate Nominal
Amount
6.
(a)
Specified Denominations:
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:
4 June 2020
(b)
Interest Commencement Date:
Issue Date
8.
Maturity Date:
4 June 2025
9.
Interest Basis:
0.750 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
(b)
Status of Senior Notes:
Senior Preferred
(c)
Status of Subordinated Notes:
Not Applicable
(d)
Date
Board
approval
for Not Applicable
issuance of Notes obtained:
PROVISIONS RELATING TO INTEREST (IF ANY) PAYABLE
14.
Fixed Rate Note Provisions
Applicable
(a)
Rate(s) of Interest:
0.750 per cent. per annum payable in arrear on
each Interest Payment Date
(b)
Interest Payment Date(s):
4 June in each year commencing on 4 June 2021
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 0.750 per cent. per Calculation Amount (Fixed
Notes in definitive form (and in Coupon Amount EUR 750)
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):
4 June 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 999,900,000
Amount:
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 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

29 May 2020

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 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 4 June 2020
(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 Notes are Social Notes as defined in the
Offering Circular.
The net proceeds of the Notes will be applied by
the Issuer to finance and/or refinance, in part or
in full, new and/or existing social projects as
defined in the BBVA SDGs Bond Framework
available on the Issuer's website. The Issuer
intends to allocate proceeds to social projects
which help mitigate the severe social and
economic impacts directly or indirectly caused as
a result of the COVID-19 pandemic.
5.
YIELD

(a)
Indication of yield:
0.855 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:
XS2182404298
(b)
Common Code:
218240429
(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