BBVA Semi Annual Defensive Autocall December 2025 USD

INVESTMENT DESCRIPTION

CURRENCY USD

STRIKE DATE 04/12/2025

ISIN XS3184620113

COUNTERPARTY BBVA

TYPE Note

RETURN & BARRIERS
Maximum Term: 6 years
Investment Structure: Defensive Autocall
Autocall Opportunities: Semi-Annual
(First Observation at 12 months)
Autocall Trigger: 92% of initial level
Coupon Rate: USD: 4.50% Semi-Annually (9.00% p.a.)
Capital Risk: Not capital protected
Capital Protection Barrier: 60% Final level (European style)

MATURITY DATE
04/12/2026

FINAL MATURITY DATE
11/12/2031