Banco Bilbao Vizcaya Argentaria, S.A. Contingent Convertible Preferred Securities Underwriting AgreementUnderwriting Agreement • September 25th, 2017 • Banco Bilbao Vizcaya Argentaria, S.A. • Commercial banks, nec • New York
From time to time Banco Bilbao Vizcaya Argentaria, S.A. (the “Company”), a sociedad anónima incorporated under the laws of the Kingdom of Spain, proposes to enter into one or more Pricing Agreements (each a “Pricing Agreement”) in the form of Annex I hereto, with such additions and deletions as the parties thereto may determine and, subject to the terms and conditions stated herein and therein, the Company proposes to issue and sell to the several firms named in Schedule I to the applicable Pricing Agreement (such firms constituting the “Underwriters” with respect to such Pricing Agreement and the securities specified therein) the non-step-up non-cumulative contingent convertible preferred securities specified in Schedule II to such Pricing Agreement (the “Contingent Convertible Preferred Securities”), which may in certain circumstances be converted in accordance with their terms into newly issued fully paid ordinary shares of the Company (the “Conversion Securities” and, together with
