BBVA 80-65 Memory Income Reducing Autocall

This income based note has the opportunity for an early maturity after 12 months. The quarterly coupon is payable when all the underlying are at or above 80% of their initial level. The memory feature means that whenever an income payment is made, it will include any payments that have been previously been missed.

GBP: 2.15% quarterly (8.60% p.a.) gross

USD: 2.50% quarterly (10.0% p.a.) gross

Underlying Taiwan: MSCI Taiwan/ Italy: FTSE MIB/ US: DJ Industrial Average/ Canada: S&P TSX 60

Autocall Trigger: 100% of initial level then reduced by 1% every three months (First call after 12 months)

80% of initial level Coupon Trigger (with memory feature)

65% Final Level (European style) Barrier

Trades by: 17 August 2020 (UK time 16:30)