BBVA Semi-Annual Reducing Autocall October 2025 USD

INVESTMENT DESCRIPTION

CURRENCY USD

STRIKE DATE 20/10/2025

ISIN XS3126449670

COUNTERPARTY BBVA

TYPE Note

RETURN & BARRIERS
Maximum Term: 4 years
Investment Structure: Reducing Autocall
Autocall Opportunities: Semi-Annual (First Observation at 12 months)
Autocall Trigger: 100% of initial level, reducing 2.50% per period
USD: 7.70% Semi-Annually (15.40% p.a.)
Capital Risk: Not capital protected
Capital Protection Barrier: 60% Final level (European style)

MATURITY DATE
20/10/2026

FINAL MATURITY DATE
29/10/2029