Obligation BBVA 4.25% ( XS2540780421 ) en EUR

BBVA

100 % ⇌

Espagne

XS2540780421 ( en EUR )

4.25% par an ( paiement annuel )

11/10/2034 - Obligation échue

Prospectus brochure de l'obligation Banco Bilbao Vizcaya Argent XS2540780421 en EUR 4.25%, 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 XS2540780421, paye un coupon de 4.25% par an.
Le paiement des coupons est annuel et la maturité de l'Obligation est le 11/10/2034

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MiFID II); (ii) a customer within the meaning of Directive (EU) 2016/97 (as amended or superseded, the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 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 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 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.

Banco Bilbao Vizcaya Argentaria, S.A.
Issuer Legal Entity Identifier (LEI): K8MS7FD7N5Z2WQ51AZ71
Issue of EUR 100,000,000 4.250 per cent. Senior Preferred Notes due 11 October 2034
under the 40,000,000,000 Global Medium Term Note and Covered Bond 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 9th August, 2022 which constitutes 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:
177
(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:
100 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 to EUR 100,000
calculation of interest in global form
see Conditions):

7.
(a) Issue Date:
11 October 2022
(b)
Interest Commencement Date:
Issue Date
8.
Maturity Date:
11 October 2034
9.
Extended Final Maturity for Covered Bonds:
Not Applicable
10.
Extended Final Maturity Date:
Not Applicable
11.
Interest Basis:
4.250 per cent. Fixed Rate

(see paragraph 16 below)
12.
Redemption/Payment Basis:
Subject to any purchase and cancellation or early
redemption and paragraph 9 above, the Notes will be
redeemed on the Maturity Date at 100 per cent. of
their nominal amount
13.
Change of Interest Basis:
Not Applicable

14.
Put/Call Options:
Not Applicable
15.
(a) Type of Note:
MTN
(b) Status of MTN:
Senior

Status of Senior Notes:
Senior Preferred.

Status of Subordinated Notes:
Not Applicable
(c)
Type of Covered Bond
Not Applicable
(d)
Date Board approval for issuance of 28 September 2022
Notes obtained:

PROVISIONS RELATING TO INTEREST (IF ANY) PAYABLE
16.
Fixed Rate Note Provisions Applicable
(a)
Rate(s) of Interest:
4.250 per cent. per annum payable in
arrear on each Interest Payment Date

(b)
Interest Payment Date(s):
11 October in each year commencing
on 11 October 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 Notes EUR 4,250 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):
11 October in each year

17.
Fixed Reset Note Provisions
Not Applicable
18.
Floating Rate Note Provisions
Not Applicable
19.
Zero Coupon Note Provisions
Not Applicable
20.
Extended Final Maturity Interest Provisions:
Not Applicable
PROVISIONS RELATING TO REDEMPTION

21.
Tax Redemption

If redeemable in part:

(a)
Minimum Redemption Amount:
EUR 100,000
(b)
Maximum Redemption Amount:
EUR 99,900,000
22.
Issuer Call
Not Applicable
23.
Investor Residual Call
Not Applicable
24.
Investor Put
Not Applicable
25.
Final Redemption Amount:
EUR 100,000 per Calculation Amount
26.
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
27.
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
28.
New Global Note (NGN):
Applicable
29.
Additional Financial Centre(s):
Not Applicable
30.
Talons for future Coupons to be attached to No
Definitive Bearer Notes:
31.
Condition 16 applies:
Yes
32.
Eligible Liabilities Event:
Applicable
33.
Additional Events of Default (Senior Not Applicable
Preferred Notes):
34.
RMB Currency Event:
Not Applicable
35.
Spot Rate (if different from that set out in Not Applicable
Condition 5(h)):
36.
Party responsible for calculating the Spot Not Applicable
Rate:
37.
Relevant Currency (if different from that in Not Applicable
Condition 5(h)):
38.
RMB Settlement Centre(s):
Not Applicable

39.
Governing Law:
Spanish Law

4 October 2022

Signed on behalf of the Issuer:
By: .......................................................................

Duly authorised

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
11 October 2022
(b)
Estimate of total expenses related to EUR 1,000
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 considered upper-medium-
grade and are subject to low credit risk.

S&P Global Ratings Europe Limited (S&P): A

Strong capacity to meet financial commitments, but
somewhat susceptible to economic conditions and
changes in circumstances.

Fitch Ratings Ireland Limited (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
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 99,800,000
5.
YIELD (Fixed Rate Notes and Fixed Reset
Notes only)
(a)
Indication of yield:
4.250 per cent.
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:
26 September 2022
(b)
ISIN:
XS2540780421
(c)
Common Code:
254078042
(d)
CUSIP:
Not Applicable
(e)
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):
(f)
Delivery:
Delivery against payment
(g)
Names and addresses of additional Not Applicable
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 recognised as
eligibility:
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.
(i)
TEFRA
TEFRA D
7.
PROHIBITION OF SALES

(a)
Prohibition of Sales to EEA Retail Applicable
Investors:
(b)
Prohibition of Sales to UK Retail Applicable
Investors:
(c)
Prohibition of Sales to Belgian Applicable

Consumers:
8.
RELEVANT BENCHMARKS

(a)
Relevant Benchmark:
Not Applicable
9.
METHOD OF DISTRIBUTION

(a)
Method of distribution:
Non-Syndicated
(b)
If syndicated, names of Managers:
Not Applicable
(c)
Stabilisation Manager(s) (if any):
Not Applicable
(d)
If non-syndicated, name of relevant Citigroup Global Markets Europe AG
Dealer: