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PRODUCT VALUATION REPORT

BBVA Semi Annual 95% Defensive Autocall December 2025 USD

Strike Date: 04/12/2025
Next Observation Date: 04/12/2026
Final Observation Date: 04/12/2031
Returns and Barriers: 
Maximum Term: 6 years
Investment Structure: Defensive Autocall
Autocall Opportunities: Semi-Annual (First Observation at 12 months)
Autocall Trigger: 95% of initial level
Coupon Rate: USD: 5.00% Semi-Annually (10.00% p.a.)
Capital Risk: Not capital protected
Capital Protection Barrier: 60% Final level (European style)
ISIN: XS3184620204
Currency: USD
Current Price: 105.74% (as at 09/10/2026 09:04 UK Time)
Coupons Paid to Date: 0.0000%
UnderlyingStrike
Level
Last COB
Level
Increase/
Decrease
FTSE MIB43,519.0749,297.8813.28%
Eurostoxx 505,718.086,126.737.15%
Nikkei 22551,028.4269,042.1135.30%
S&P 5006,857.127,765.3613.25%
Source: Bloomberg