BBVA Semi Annual 95% Defensive Autocall December 2025 USD

INVESTMENT DESCRIPTION

CURRENCY USD

STRIKE DATE 04/12/2025

ISIN XS3184620204

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: 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)

MATURITY DATE
04/12/2026

FINAL MATURITY DATE
11/12/2031