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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: 94.58% (as at 18/02/2026 08:38 UK Time)
Coupons Paid to Date: 0.0000%
UnderlyingStrike
Level
Last COB
Level
Increase/
Decrease
FTSE MIB43,519.0745,764.075.16%
Eurostoxx 505,718.086,021.855.31%
Nikkei 22551,028.4256,566.4910.85%
S&P 5006,857.126,843.22-0.20%
Source: Bloomberg