Obligation BBVA 1% ( XS2483855453 ) en EUR

BBVA

100 % ⇌

Espagne

XS2483855453 ( en EUR )

1% par an ( paiement annuel )

24/05/2024 - Obligation échue

Prospectus brochure de l'obligation Banco Bilbao Vizcaya Argent XS2483855453 en EUR 1%, échue

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

L'Obligation émise par BBVA ( Espagne ) , en EUR, avec le code ISIN XS2483855453, paye un coupon de 1% par an.
Le paiement des coupons est annuel et la maturité de l'Obligation est le 24/05/2024

APPLICABLE FINAL TERMS
PROHIBITION OF SALES TO EEA RETAIL INVESTORS
The Notes are not intended to and shall 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 (EU) 2016/97
(as amended or superseded, the Insurance Distribution Directive), where that customer would not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 Regulation. 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.
PROHIBITION OF SALES TO UK RETAIL INVESTORS
The Notes are not intended to and shall not be offered, sold or otherwise made available to any retail
investor in the United Kingdom (the UK). For these purposes, a retail investor means a person who is
one (or more) of: (i) a retail client as defined in point (8) of Article 2 of Regulation (EU) No 2017/565
as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 (the
EUWA); (ii) a customer within the meaning of the provisions of the FSMA and any rules or
regulations made under the FSMA to implement Directive (EU) 2016/97, where that customer would
not qualify as a professional client, as defined in point (8) of Article 2(1) of Regulation (EU) No
600/2014 as it forms part of UK domestic law by virtue of the EUWA; or (iii) not a qualified investor
as defined in Article 2 of Regulation (EU) 2017/1129 as it forms part of UK domestic law by virtue of
the EUWA. Consequently no key information document required by Regulation (EU) No 1286/2014
as it forms part of UK domestic law by virtue of the EUWA (as amended, the UK PRIIPs
Regulation) for offering or selling the Notes or otherwise making them available to retail investors in
the UK has been prepared and therefore offering or selling the Notes or otherwise making them
available to any retail investor in the UK may be unlawful under the UK 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 Directive 2014/65/EU (as amended, MiFID II)/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 manufacturer's 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 manufacturer's target market assessment) and determining appropriate
distribution channels.
UK MIFIR PRODUCT GOVERNANCE / PROFESSIONAL INVESTORS AND ELIGIBLE
COUNTERPARTIES 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 only eligible counterpar ties, as defined in the

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FCA Handbook Conduct of Business Sourcebook (COBS), and professional clients, as defined in
Regulation (EU) No 600/2014 as it forms part of UK domestic law by virtue of the European Union
(Withdrawal) Act 2018 (UK MiFIR); 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 point (8) of Article 2 of Regulation (EU) No 2017/565 as it
forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018)) 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
manufacturer's target market assessment; however, a distributor subject to the FCA Handbook
Product Intervention and Product Governance Sourcebook (the UK MiFIR Product Governance
Rules) is responsible for undertaking its own target market assessment in respect of the Notes (by
either adopting or refining the manufacturer's target market assessment) and determining appropriate
distribution channels.
Banco Bilbao Vizcaya Argentaria, S.A.
Issuer Legal Entity Identifier (LEI): K8MS7FD7N5Z2WQ51AZ71
Issue of EUR 100,000,000 Senior Preferred Notes due May 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 21st July, 2021 and the supplements to it
dated 3 August 2021, 11 November 2021 and 18 May 2022 which together constitute a base
prospectus for the purposes of the Prospectus Regulation (the Offering Circular). This document
constitutes the Final Terms of the Notes described herein for the purposes of the Prospectus
Regulation and must be read in conjunction with the Offering Circular in order to obtain all the
relevant information. The Offering Circular has been published on the website of Euronext Dublin.

1.
Issuer:
Banco Bilbao Vizcaya Argentaria, S.A.
2.
(a)
Series Number:
172
(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 100,000,000
(b)
Tranche:
EUR 100,000,000
5.
Issue Price:
99.770 per cent. of the Aggregate Nominal
Amount

2

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:
24 May 2022
(b)
Interest Commencement Date:
Issue Date
8.
Maturity Date:
Interest Payment Date falling in or nearest to 24
May 2024
9.
Interest Basis:
1.00 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 issuance 29 March 2022
of Notes obtained:

PROVISIONS RELATING TO INTEREST (IF ANY) PAYABLE
14.
Fixed Rate Note Provisions
Applicable
(a)
Rate(s) of Interest:
1.00 per cent. per annum payable in arrear on
each Interest Payment Date
(b)
Interest Payment Date(s):
24 May in each year commencing on 24 May
2023 up to and including the Maturity Date,
subject to adjustment for payment purposes only
and not for interest accrual purposes, in
accordance with the Following Business Day
Convention
(c)
Fixed Coupon Amount(s) for 1.00 per Calculation Amount
Notes in definitive form (and in

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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):
24 May in each year commencing on 24 May
2022 up to and excluding the Maturity Date
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 Amount:
EUR 99,900,000
19.
Issuer Call
Not Applicable
20.
Investor Put
Not Applicable
21.
Final Redemption Amount:
Calculation Amount
22.
Early Redemption Amount payable on 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

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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 in Not Applicable
Condition 5(h)):
32.
Party responsible for calculating the Spot Not Applicable
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

18 May 2022

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 24 May 2022
(b)
Estimate of total expenses related [EUR 1,000]
to admission to trading:
2.
RATINGS

The Notes to be issued are expected to be rated:
Moody's Investors Services España, S.A.
(Moody's): A3
Obligations rated 'A' are judged to be
uppermedium grade and are subject to low credit
risk; modifier 3 indicates a ranking in the lower
end of that generic rating category
Standard & Poor's Credit Market Services
Europe Limited (S&P): A
An obligation rated 'A' is somewhat more
susceptible to the adverse effects of changes in
circumstances and economic conditions than
obligations in higher-rated categories. However,
the obligor's capacity to meet its financial
commitments on the obligation is still strong.
Fitch Ratings España S.A.U. (Fitch): A-
'A' ratings denote expectations of low default
risk. The capacity for payment of financial
commitments is considered strong. This capacity
may, nevertheless, be more vulnerable to adverse
business or economic conditions than is the case
for higher ratings.
Each of Moody's, S&P 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 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

6

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 AND
ESTIMATED NET PROCEEDS
(a)
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.
(b)
Estimated net proceeds
EUR 99,770,000
5.
YIELD (Fixed Rate Notes and Fixed
Reset Notes only)
(a)
Indication of yield:
1.117%

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)
Trade Date:
13 May 2022
(b)
ISIN:
XS2483855453
(c)
Common Code:
248385545
(d)
CUSIP:
Not Applicable
(e)
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):
(f)
Delivery:
Delivery against payment
(g)
Names
and
addresses
of Not Applicable
additional Paying Agent(s) (if
any):
(h)
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

7

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 UK Retail Applicable
Investors:
(c)
Prohibition of Sales to Belgian Applicable
Consumers:
8.
RELEVANT BENCHMARKS

(a)
Relevant Benchmark[s]:
Not Applicable

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