BBVA Global Markets Reducing Autocall October 2025 USD

INVESTMENT DESCRIPTION

CURRENCY USD

STRIKE DATE 16/10/2025

ISIN XS3126425498

COUNTERPARTY BBVA

TYPE Note

RETURN & BARRIERS
Maximum Term: 2 years
Investment Structure: Reducing Autocall
Autocall Opportunities: Semi-Annual (First Observation at 6 months)
Autocall Trigger: 100% of initial level, reducing 7.00% per period
Coupon Rate: USD: 3.15% Semi-Annually (6.30% p.a.)
Capital Risk: Not capital protected
Capital Protection Barrier: 65% Final level (European style)

MATURITY DATE
16/04/2026

FINAL MATURITY DATE
25/10/2027