BBVA 60-50 Memory Income Reducing Autocall September 2025 USD

INVESTMENT DESCRIPTION

CURRENCY USD

STRIKE DATE 22/09/2025

ISIN XS3108821607

COUNTERPARTY BBVA

TYPE Note

RETURN & BARRIERS
Maximum Term: 4 years
Investment Structure: Memory Income Reducing Autocall
Autocall Opportunities: Semi-Annual (First Observation at 12 months)
Autocall Trigger: 100% of initial level, then reduced by 2.50% every 6 months
Memory Income Rate: USD: 7.60% Semi-Annual (15.20% p.a.)
Income Trigger: 60% of initial level
Capital Risk: Not capital protected
Capital Protection Barrier: 50% Final level (European style)

MATURITY DATE
22/09/2026

FINAL MATURITY DATE
01/10/2029