BANCO BILBAO VIZCAYA ARGENTARIA, S.A. files 424B5

This filing is for Banco Bilbao Vizcaya Argentaria, S.A. (BBVA) to offer $ aggregate liquidation preference of Series 16 Non-Step-Up Non-Cumulative Contingent Convertible Perpetual Preferred Tier 1 Securities. These are perpetual securities that may be redeemed by BBVA under certain conditions, and they can be mandatorily converted into common shares if BBVA's CET1 ratio falls below 5.125%.