DISCLAIMER

This website has been prepared by Banco Bilbao Vizcaya Argentaria, S.A. (“BBVA”) for information purposes only in relation to securities which have been offered by way of private placement.

No action has been or will be taken in any country or jurisdiction that would permit a public offering of securities mentioned on this website, or the possession or distribution of any offering material in relation thereto, in such country or jurisdiction where action for that purpose is required.

The securities described on this website cannot be offered for sale in all countries and are in any case reserved for the group of persons authorised to purchase them. The selling restrictions that apply to specific securities are indicated in the base prospectus and must be read carefully by the user (for further details see the “Selling Restrictions” section of the base prospectus).

The term 'website' includes the website and all information and material on this website.

No offer, No Solicitation of an Offer

This website and its contents is intended solely to give access to information to the user and does not constitute and should not be interpreted as advertising, an offer, inducement syndication, an underwriting commitment, financing proposal, invitation, solicitation nor proposal of any other financial service, nor an invitation or solicitation to purchase, subscribe, place or underwrite any securities or other instruments, to undertake or divest investments or to enter into any other transaction. By accessing this website, you represent and warrant to BBVA and its affiliates that you are doing so for information purposes only.

Access to the website

Certain documents contained on this website may contain legends or other restrictions limiting the persons who, or the circumstances under which, certain persons may purchase securities. The availability of the information through this website does not alter or change in any way the nature or effect of any such restrictions.

Accessing the documents on the website may not be lawful in certain jurisdictions. In other jurisdictions, only certain categories of person are permitted to access this information. You should only proceed if you have ensured that you comply with all relevant legal or regulatory requirements governing the access and use of such information.

The information on the website is being made available in the European Economic Area (the “EEA”) to persons who are "qualified investors" as defined in Article 2 of Regulation (EU) 2017/1129, as amended. Outside of the EEA, it is designed for persons who have the requisite regulatory permissions relating to investments of the kind described herein.

The content and layout of this website, including the underlying software, are either copyrighted or otherwise protected. The reproduction, transmission, modification, linking or use of the website (in whole or in part) for public or commercial uses without the written consent of BBVA is prohibited. This website may be downloaded, and copies may be extracted exclusively for private, non-commercial use; they may not be disclosed to third parties.

Important notice in respect of US securities laws

The securities referred to on the website have not been and will not be registered under the United States Securities Act of 1933, as amended (the "Securities Act") or under any state securities laws, and the securities may not be offered, sold, transferred, pledged, delivered, redeemed, directly or indirectly, at any time within the United States or to, or for the account or benefit of, or by, any U.S. person (as defined in Regulation S under the Securities Act).

If you are not permitted to access the information on this website or accessing the information would result in a breach of the above, or you are in any doubt as to whether you are permitted to access such information, please exit this page by clicking on the "Do not accept" button below.

Risk Information

Securities of the type contained on this website may involve a high degree of risk, and the value of such securities may be highly volatile. Such risks may include, without limitation, risk of adverse or unexpected market developments, risk of counterparty or issuer default, risk of liquidity, currency risk and a risk of capital loss. In the presence of unfavorable conditions, such risks could materialise and lead to a total loss of the invested capital.

You should be aware that the securities contained on this website may not be appropriate for you or your specific investment goals, financial positions or risk profiles, as these have not been taken into account. You should carefully read the base prospectus (in particular, the “Risk Factors” section), the relevant key information document under the PRIIPS Regulation, the relevant final terms, any supplements to the base prospectus in order to understand the risks associated with an investment in the securities. You should perform your own independent evaluation and any decision taken in respect of such issues and any investment decisions taking into consideration your own particular circumstances and should be based on your own further investigation and specialist independent professional advice and you should not base your investment decision on the information contained in this website.

Price information

Any price information contained on this website is derived either from third-party sources, such as financial information service providers, or has been calculated by BBVA itself and users should not rely on it to predict future values or prices. In some cases, current securities or underlying prices may be shown with some delay. Users may find further price information, and in particular information on past price developments of the underlying, at the place referred to in the prospectus for the relevant security. Indicative price information and past performance, if shown, will be for information purposes only.

BBVA accepts no responsibility for the distribution, use and action taken:

The user assumes all responsibility and risk for the use of this website and the internet generally. None of BBVA, nor any of its affiliates, subsidiaries, members, officers, employees or directors or advisers accepts any responsibility, obligation or liability (including for any error, omission or opinion expressed herein) to any person whatsoever for any direct, indirect, incidental, special or consequential damages, or lost profits, or any other loss, damage or claim of any kind, arising from or in relation to the distribution, use, or possession of this website or any part thereof, or any action taken in reliance thereon, in or from any jurisdiction. Nor shall BBVA be liable for any such damages including, but not limited to, reliance by a user or visitor on any information obtained via the website; or that result from mistakes, omissions, interruptions, deletion of files, viruses, errors, defects, or failure of performance, communication, failure, theft, destruction or unauthorised access.

The provision of, or the content referred to in, this website or other services will not give rise to any obligation on the part of BBVA towards users.

Except to the extent expressly set out in the relevant prospectus, base prospectus, offer document or final terms, no person or entity may use, copy or rely on the information made available on this website for any purpose whatsoever, including, in particular, the making of any offer to sell, or any solicitation of an offer to buy, any securities issued by BBVA Global Markets B.V. No rights can be derived from the information available on this website and all information available on this website must be read at all times in connection with the base prospectus, the relevant final terms, any supplement to the base prospectus and the relevant key information document.

BBVA makes no representations as to accuracy, reliability or completeness of the information

BBVA and its affiliates makes no representation or warranty, either express or implied, as to the accuracy, reliability, fairness or completeness of any of the information contained in this website and do not accept any liability whatsoever for the use of, or any reliance on, any information provided in this website including (but without limitation) liability for any loss of any kind (direct, consequential or indirect), liabilities, damages, claims, actions, demands, proceedings, costs, charges and expenses howsoever arising including (but without limitation) out of any error or inaccuracy of the information contained in this website.

Remuneration to Third Parties

In the event that distributors on-sell any securities described herein, they agree to disclose, to the full extent required by any regulations applicable to such sale, any fees or inducements received by them from BBVA in connection with such investment.

Indicative purposes, subject to change

This website contains indicative summaries of the terms and conditions of the securities described herein and may be amended, superseded or replaced without notice and BBVA may, at any time, produce other material (including in respect of the same financial instruments and entities) which is inconsistent with the information set out herein. The final terms and conditions of the transaction and any related security will be set out in full in the applicable transaction confirmation, offering document(s), pricing supplement or binding transaction documents and this website is qualified entirely by the contents of such documents.

Market information contained in this website is based on data at a specific moment and may change. BBVA shall have no responsibility to notify you of any changes to, or to update the contents of, this website.

Although the website is based on information that BBVA considers reliable and BBVA tries to keep this information up to date, BBVA does not provide any guarantee on the information contained herein (announcements concerning the settlement of securities do not fall within the scope of this paragraph). The values and prices displayed on this website do not take into account the size of the transactions, i.e. the size of a specific transaction may result in a deviation of values and prices. In addition, these may not correspond to the value or price that could be obtained on the relevant market when a user wants to buy or sell certain securities or currencies.

No advice

The contents of this website shall not, in any case, be deemed to constitute financial, investment, tax, legal or any other type of advice or a recommendation to enter into any transaction or to trade, nor shall they form the basis of any contract, commitment or investment decision of any kind. You should seek independent advice if you are unsure if the facts set out in this website are up-to-date at the time of your proposed investment.

This website is not investment research. It has not been drafted according to the rules in place for the independence of investment reports, thus it does not contain objective explanations, nor has it been independently verified and does not opine on any prohibition that may exist concerning the trading of the financial instruments mentioned in the same before its divulgation.

Changes to the content

BBVA may change the website content at any time and without prior notice. BBVA has the right to withdraw or amend information, data, documents and the products and services described on the website at any time and without prior notice. Likewise, BBVA has the right to amend this website wholly or in part and to reduce, suspend or discontinue the site’\s operation at any time.

Historical performance

Historical price developments are not a reliable indicator of future price developments in the underlying or securities. Indicative price information, if shown, will be for information purposes only and any actual bid or offer price may differ substantially from the indicative prices published on the website. In addition, as the indicative prices are prepared as at a particular date and time, they will not reflect subsequent changes in market prices or changes in any other factors relevant to their determination.

The value of any product or underlying asset may be subject to fluctuations. Fluctuations in the value of any product or underlying asset may lead to the loss of some or the entire amount invested, including any applicable transaction costs paid. Exchange rate fluctuations may also cause the value of a product or underlying asset to rise or fall. The information in this website is not intended to predict actual results. Please note that BBVA does not provide any guarantee regarding the correctness of any price information and that the price information is subject to correction at any time.

Links

This website may contain links to websites that are financed and maintained by third parties. BBVA makes these links available to users solely for the purpose of assisting them in locating other sites. BBVA has not reviewed the information, software or products on such sites in relation to their content or proper functioning. In light of the foregoing, BBVA makes no representations regarding the content of such sites. Furthermore, BBVA assumes no responsibility for technical defects or viruses contained in such sites. The fact that BBVA makes a link available does not constitute a recommendation or confirmation by BBVA regarding the content of such sites, their owners or the persons responsible for them.

(1) I HAVE READ AND UNDERSTOOD AND ACCEPT THIS DISCLAIMER.

(2) I CONFIRM THAT I AM LAWFULLY PERMITTED TO ACCESS THE WEBSITE AND I AM DOING SO FOR INFORMATION PURPOSES ONLY AND WILL DO SO IN ACCORDANCE WITH THE TERMS OF THIS DISCLAIMER.