Warrants

What are warrants

By investing in BBVA Warrants, you can access the financial stock markets and indicators, both national and foreign, and the currency markets. Moreover and with minimum spending, this new innovative financial product will let you both diversify your investments and limit your risks.

Investment in BBVA Warrants

So that you obtain an optimal outcome in your investments, we put at your disposal an exclusive informative website www.warrantsbbva.com, with quotation prices in real time and all the latest updates and most relevant events of the BBVA warrants market. We offer you all the detailed information on our issues and access to our tools (complete files, charts, calculator, ranking...) that will help you to better understand the characteristics of the product. You can also register for the numerous free face-to-face courses which BBVA runs all over Spain and which will help you to get started in the subject or to increase your knowledge.

We also give you the BBVA Guide to Investing in Warrants. This guide specifies this product's features, premium components, how to calculate your yields, as well as its trading method and a useful glossary of specific terms.

To receive personalized attention for your investment, you can contact our team that specializes in warrants:

You can also access the latest issue of our weekly publication:

  • Warrants News: This weekly publication contains information on the financial markets and volatilities, proposals of investment strategies in warrants and a bulletin board

Ranking

In this section you can view the greatest increases and decreases of BBVA's warrants in different periods, being able to see which assets are showing a trend and which warrants are getting a better or worse result.

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Calculator

The Symple Analyzer calculator is an approximation tool that performs a sensitivity analysis and therefore takes into account that the calculated price of a Warrant can differ from the real price. That difference can be greater in Warrants that are out of the money (OTM) and/or close to the maturity date.

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Access to documentation

(73 kB) --- Taxation of BBVA Warrants

 

  • 2019/2020

(988 kB) --- Basic Brochure of Warrants of Banco Bilbao Vizcaya Argentaria, S.A. 2019/2020

(942 kb) --- 1st Supplement to the Basic Brochure of Warrants of BBVA, S.A. 2019/2020

(2213 kb) - - - Final Terms of December 12, 2019 issue

(3852 kb) - - - Final Terms of October 2, 2019 issue

 

  • 2018/2019

(988 kB) --- Basic Brochure of Warrants of Banco Bilbao Vizcaya Argentaria, S.A. 2018/2019

(2070 kb) - - - 2nd Supplement to the Basic Brochure of Warrants of BBVA, S.A. 2018/2019

(1046 kb) - - - 1st Supplement to the Basic Brochure of Warrants of BBVA, S.A. 2018/2019

(4696 kb) - - - Final Terms of May 16, 2019 issue

(2717 kb) - - - Final Terms of March 6, 2019 issue

(4738 kB) --- Final Terms and Conditions of issue December 05, 2018

(2309 kB) --- Final Terms and Conditions September 27, 2018 issue

 

  • 2017/2018

(876 kB) - - - Basic Brochure of Warrants of Banco Bilbao Vizcaya Argentaria, S.A. 2017/2018

(588 KB) - - - I Supplement to the BBVA, S.A. Basis of Warrants Brochure 2017/2018

(3414 kB) --- Final Terms and Conditions May 18, 2018 issue

(2529 KB) - - - Final Terms and Conditions, issued on March 09, 2018

(2032 kB) --- Final Terms and conditions issued November 27, 2017

(1992 kB) --- Final Terms and Conditions issued September 21, 2017

 

  • 2016/2017

(974 kB) - - - Warrants Base Prospectus of Banco Bilbao Vizcaya Argentaria, S.A. 2016/2017

(547 kB) --- 3rd Supplemental Brochure with Terms and Conditions for Warrants from BBVA, S.A. 2016/2017

(783 kB) - - - II BBVA Warrant Base Brochure Supplement, S.A. 2016/2017

(725 kB) - - - I Terms of BBVA, S.A. Warrants, Supplemental Brochure 2016/2017

(2178 kB) --- Final Terms and Conditions issued May 18, 2017

(2090 kB) --- Final Terms and Conditions for the issuance of March 24, 2017

(3212 kB) - - - Final Terms and Conditions issued December 07, 2016

(3089 kB) - - - Final Terms and Conditions issuance September 23, 2016

 

  • 2015/2016

(1065 kB) --- Basic Brochure of Warrants of Banco Bilbao Vizcaya Argentaria, S.A. 2015/2016

(606 kB) - - - IV Supplement to the Basic Brochure of Warrants of BBVA. S.A. 2015/2016

(712 kB) --- III Basic Prospectus Supplement of Warrants of BBVA, S.A. 2015/2016

(838 kB) - - - II Supplement to the Basic Brochure on Warrants by BBVA, S.A. 2015/2016

(877 kB) - - - Supplement to the Basic Brochure of Warrants of BBVA, S.A. 2015/2016

(2403 kB) - - - Final Terms and Conditions of Issue May 31, 2016

(3458 KB) --- Final Terms and Conditions issue February 29, 2016

(4155 KB) --- Final Terms and Conditions issue December 04, 2015

(4107 kB) --- Final Terms and Conditions September 28, 2015 issue

(2946 kB) --- Final Terms and Conditions July 22 2015 issue

 

  • 2014/2015

(1231 kB) --- Basic Brochure of Warrants of BBVA Banco de Financiación, S.A. 2014/2015

(778 kB) - - - IV Supplement to the Basic Brochure of Warrants of BBVA Banco de Financiación, S.A. 2014/2015

(589 kB) --- III Basic Prospectus Supplement of Warrants of BBVA Banco de Financiación, S.A. 2014/2015

(1119 kB) --- II Supplement to the Basic Brochure on Warrants by BBVA Banco de Financiación, S.A. 2014/2015

(1078 kB) --- Supplement to the Basic Brochure of Warrants of BBVA Banco de Financiación, S.A. 2014/2015

(2971 kB) - - - Final Terms and Conditions maturity March 20, 2015

(3903 kB) --- Final Terms and Conditions. Maturity June 19, 2015

(4805 kB) --- Final Terms and Conditions. Maturity September 18, 2015

(2844 kB) --- Final Terms and Conditions. Maturity December 18, 2015

(188 kB) - - - Final Terms and Conditions. Maturity March 21 2014

(1182 kB) - - - Final Terms and Conditions. Maturity June 20, 2014

(2564 kB) - - - Final Terms and Conditions maturity September 19 2014

(2426 kB) - - - Final Terms and Conditions maturity December 19 2014

In addition, BBVA provides you with information on the closing data of BBVA Warrants in the last session (changes in market prices and volatility, with intra-day and weekly comparisons). See market closing document.

See our free courses schedule in Spain and register for the course that interests you.

 

FAQs

We offer you relevant information on BBVA warrants to get started in the subject or to increase your knowledge.

BBVA runs numerous free face-to-face courses throughout Spain.

To register or to view the calendar, click here.

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Documents

We put at your disposal documentation that will help you to understand the warrant product.

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Glossary

We help you to better understand the concepts and terms related to the warrant product.

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Settlement amounts

On December 20, 2019, 256 warrants issued by Banco Bilbao Vizcaya Argentaria, S.A. matured. Settlement will take place automatically at the values in effect on December 24, 2019. For more information on the settlement, please go to www.cnmv.es.

(579 kb) - - - Maturity of BBVA Warrants

On September 20, 2019, 291 warrants issued by Banco Bilbao Vizcaya Argentaria, S.A. matured. Settlement will take place automatically at the values in effect on September 24, 2019. For more information on the settlement, please go to www.cnmv.es

(748 kB) - - - Maturity of BBVA WARRANTS

On June 21, 2019, 310 warrants issued by Banco Bilbao Vizcaya Argentaria, S.A. matured. Settlement will take place automatically at the values in effect on June 25, 2019. For more information on the settlement, please go to www.cnmv.es.

(535 kb) --- Maturity of BBVA Warrants

On March 15, 2019, 364 warrants issued by Banco Bilbao Vizcaya Argentaria, S.A reached maturity. Settlement will take place automatically at the values in effect on March 19, 2018. For more information on the settlement, please go to www.cnmv.es.

(825 kb) --- Maturity of BBVA Warrants On December 21, 2018, 319 warrants issued by Banco Bilbao Vizcaya Argentaria, S.A. matured. Settlement will take place automatically at the values in effect on December 27, 2018. For more information on the settlement, please go to www.cnmv.es.

(590 kB) - - - Maturity of BBVA WARRANTS

On September 21, 2018, 372 warrants issued by Banco Bilbao Vizcaya Argentaria, S.A. matured. They will be settled automatically at their value of September 25, 2018. For more information on the settlement, please go to www.cnmv.es.

(455 kB) - - - Maturity of BBVA WARRANTS

On June 15, 2018, 357 warrants issued by Banco Bilbao Vizcaya Argentaria, S.A. matured. They will be settled automatically at their value of June 19, 2018. For more information on the settlement, please go to www.cnmv.es.

(295 kB) - - - Maturity of BBVA WARRANTS

On March 16, 2018, 408 warrants issued by Banco Bilbao Vizcaya Argentaria, S.A reached maturity. Settlement will take place automatically on March 20, 2018. For more information on the settlement, please go to www.cnmv.es.

(517 kB) - - - Maturity of BBVA WARRANTS

On December 15, 2017, 355 warrants issued by Banco Bilbao Vizcaya Argentaria, S.A. reached maturity. The settlement will take place automatically on December 19, 2017. For more information on the settlement, please go to www.cnmv.es.

(399 kB) - - - Maturity of BBVA WARRANTS

On September 15, 2017, 432 warrants issued by Banco Bilbao Vizcaya Argentaria, S.A reached maturity. Settlement will take place automatically on September 19, 2017. For more information on the settlement, please go to www.cnmv.es.

(519 kB) - - - Maturity of BBVA WARRANTS

On June 16, 2017, maturity occurred for 355 warrants issued by Banco Bilbao Vizcaya Argentaria, S.A. Settlement will take place automatically with a value date of June 20, 2017. For more information on the settlement, please go to www.cnmv.es.

(287 kB) - - - Maturity of BBVA WARRANTS

On March 17, 2017, the maturity of 410 warrants issued by Banco Bilbao Vizcaya Argentaria, S.A. took place. Settlement will be carried out automatically on March 21, 2017. For more information on the settlement, please go to www.cnmv.es.

(504 kB) - - - Maturity of BBVA WARRANTS

On December 16, 2016, 384 warrants issued by Banco Bilbao Vizcaya Argentaria, S.A. reached maturity. The settlement will take place automatically on December 21, 2016. For more information on the settlement, please go to www.cnmv.es.

(532 kB) - - - Maturity of BBVA WARRANTS

On September 16, 2016, expiration occurred for 508 warrants issued by Banco Bilbao Vizcaya Argentaria. Settlement will take place automatically with a value date of September 21, 2016. For more information on the settlement, please go to www.cnmv.es.

(410 kB) - - - Maturity of BBVA WARRANTS

On June 17, 2016, expiration occurred for 505 warrants issued by Banco Bilbao Vizcaya Argentaria, S.A. Settlement will take place automatically with a value date of June 22, 2016. For more information on the settlement, please go to www.cnmv.es.

(618 kB) - - - Maturity of BBVA WARRANTS

On March 18, 2016, the maturity of 472 warrants issued by Banco Bilbao Vizcaya Argentaria, S.A. took place. Settlement will be carried out automatically on March 23, 2016. For more information on the settlement, please go to www.cnmv.es.

(373 kB) - - - Maturity of BBVA WARRANTS

On December 18, 2015, the maturity of 467 warrants issued by BBVA Banco de Financiación S.A. and Banco Bilbao Vizcaya Argentaria, S.A. took place. Settlement will be carried out automatically on December 23, 2015. For more information on the settlement, please go to www.cnmv.es

(372 kB) - - - Maturity of BBVA WARRANTS

On September 18, 2015, 433 warrants issued by BBVA Banco de Financiación, S.A. matured. These will be settled automatically with value date September 23, 2015. For more info about the payment, please go to www.cnmv.es

(480 kB) - - - Maturity of BBVA WARRANTS

On June 19, 2015, 478 warrants issued by BBVA Banco de Financiación, S.A. matured. They will be settled automatically with value date June 24, 2015. For more info about the payment, please go to www.cnmv.es

(581 kB) - - - Maturity of BBVA WARRANTS

On March 20, 2015, 477 warrants issued by BBVA Banco de Financiación S.A. reached maturity. The settlement will be carried out automatically with effective date on March 25, 2015. For more info about the payment, please go to www.cnmv.es

(570 kB) - - - Maturity of BBVA WARRANTS

On December 19, 2014, 410 warrants issued by BBVA Banco de Financiación S.A. matured. These will be automatically paid out on December 24, 2014. For more info about the payment, please go to www.cnmv.es

(427 kB) - - - Maturity of BBVA WARRANTS

On September 19, 2014, 436 warrants issued by BBVA Banco de Financiación, S.A. matured. These will be settled automatically with value date September 24, 2014. For more info about the payment, please go to www.cnmv.es

(504 kB) - - - Maturity of BBVA WARRANTS

On June 20, 2014, 470 warrants issued by BBVA Banco de Financiación, S.A. matured. These will be settled automatically with value date June 25, 2014. For more info about the payment, please go to www.cnmv.es

(550 kB) - - - Maturity of BBVA WARRANTS

On March 21, 2014, the maturity of 435 warrants issued by BBVA Banco de Financiación S.A. took place. Settlement will be made automatically on March 26, 2014. For more info about the payment, please go to www.cnmv.es

(473 kB) - - - Maturity of BBVA WARRANTS

The last day December 20, 2013 took place the maturity of 428 warrants issued by BBVA Banco de Financiación S.A. The on sale carry out in an automatic way with value December 27. For more info about the payment, please go to www.cnmv.es

(338 kB) - - - Maturity of BBVA WARRANTS

The last day September 20, 2013 took place the maturity of 436 warrants issued by BBVA Banco de Financiación S.A. The on sale carry out in an automatic way with value September 25. For more information on the payment: www.cnmv.es.

(436 kB) - - - Maturity of BBVA WARRANTS

The last day June 21, 2013 took place the maturity of 405 warrants issued by BBVA Banco de Financiación S.A. The on sale carry out in an automatic way with value June 26. For more information on the payment: www.cnmv.es.

(168 kB) - - - Maturity of BBVA WARRANTS

The last day March 15, 2013 took place the maturity of 369 warrants issued by BBVA Banco de Financiación S.A. The on sale carry out in an automatic way with value March 20. For more information on the payment: www.cnmv.es.

(115 kB) - - - Maturity of BBVA WARRANTS

The last day December 21, 2012 took place the maturity of 398 warrants issued by BBVA Banco de Financiación S.A. The on sale carry out in an automatic way with value December 28. For more information on the payment: www.cnmv.es.

(237 kB) - - - Maturity of BBVA WARRANTS

Adjustments

The Exercise Price and the ratio of warrants issued on INDITEX stock were adjusted on October 31, 2018, as the company announced the payment of an extraordinary dividend.

(120 kb) - - - Inditex Warrant Adjustment

BBVA, S.A. has proceeded to repay its warrants on Abertis stock early, effective August 6, 2018.

(35 kB) - - - Early amortization Warrants Abertis

BBVA, S.A. has proceeded to change the company name for the warrants issued on Gas Natural, which is now called Naturgy Energy Group, S.A., effective July 30, 2018.

(40 kB) - - - Change designation social Gas Natural

BBVA, S.A. has proceeded to adjust the exercise price and the warrants ratio for Bayer stock, effective June 6, 2018, due to the capital increase announced by the company.

(47 kB) - - - Adjustment Warrants on Bayer

Effective as of October 31, 2017, the Exercise Price and the ratio of the warrants issued on INDITEX stock has been adjusted, following the payment of the extraordinary dividend announced by the company.

(46 kB) - - - Adjustment Warrants on Inditex

BBVA, S.A. has proceeded to adjust the Exercise Price and the Ratio of warrants on Banco Santander shares effective of July 6, 2017, due to the increased capital announced by the company.

(58 kB) - - - Adjustment Warrants on Santander

BBVA, S.A. has proceeded to pay off its warrants issued on Banco Popular stock.

(41 kB) - - - Early amortization Warrants Banco Popular

BBVA, S.A. has adjusted the Exercise Price and Warrant Ratio on Gamesa Corporación Tecnológica, S.A. assets, effective April 7, 2017, due to extraordinary dividends announced by the company.

(41 kB) - - - Adjustment Warrants on Gamesa Corporation Technological, S.A.

BBVA, S.A. has adjusted the Exercise Price and Ratio of warrants on Deutsche Bank AG Bank AG stock, effective from March 21, 2017, due to the increase in capital announced by the company.

(36 kB) - - - Adjustment Warrants on Deustche Bank AG

BBVA Banco de Financiación, S.A. has changed the underlying asset for the warrants on E.ON SE stock, which as of July 12th will be represented by a basket of stocks (EON-UNIPER). This change is due to the spin-off carried out by the company.

(39 kB) - - - Adjustment warrants on EON

BBVA, S.A. has proceeded to pay off its warrants issued on the FCC - Fomento de Construcciones y Contratas.

(28 kB) - - - Early amortization warrants FCC

BBVA, S..A. has proceeded to adjust the Exercise Price and Ratio of warrants on stock in Red Eléctrica Corporación, S.A., entering into force on June 17, 2016, due to the split carried out by the company.

(48 kB) - - - Adjustment warrants on Utility Grid

BBVA, S.A. has proceeded to adjust the Exercise Price and Ratio of warrants on stock in Nokia OYJ, effective as of June 17, 2016, due to the extraordinary dividend announced by the company.

(56 kB) - - - Adjustment warrants on Nokia

BBVA S.A. has adjusted the Exercise Price and the Ratio of warrants on shares of Banco Popular Español S.A. with effect on May 30, 2016, as a result of the capital increase announced by the company.

(60 kB) - - - Adjustment warrants on Banco Popular

BBVA Banco de Financiación, S.A. has proceeded to adjust the Exercise Price and the Ratio of the warrants on stock of Abertis S.A. with effect on May 30, 2016, because of the increase in freed-up capital and without affecting the dividends announced by the company.

(40 kB) - - - Adjustment warrants on Abertis

BBVA, S.A. has proceeded to adjust the Exercise Price and the Ratio of the warrants on stock of Arcelormittal with effect from March 15, 2016, due to the share capital increase announced by the company.

(42 kB) - - - Adjustment warrants on Arcelormittal

BBVA, S.A. has proceeded to adjust the Exercise Price and the Ratio of the warrants on stock of FCC with effect from February 12, 2016, due to the share capital increase announced by the company.

(56 kB) - - - Adjustment warrants on FCC

With effect on November 03, 2015, the Exercise Price and the ratio of the warrants issued on INDITEX stock has been adjusted, following the payment of the extraordinary dividend announced by the company.

(107 kB) - - - Adjustment warrants on INDITEX

With effect on November 02, 2015, the registered name of the underlying asset of the warrants issued on ZELTIA has been changed, becoming PharmaMar, on the occasion of the merger by exchange of shares announced by the company.

(89 kB) - - - Adjustment warrants on ZELTIA

BBVA Banco de Financiación, S.A. has adjusted the Exercise Price and the ratio of warrants issued on TELEFONICA stock with effect on March 30, 2015, as a result of the share capital increase announced by the company.

(65 kB) - - - Adjustment warrants on TELEFONICA

BBVA Banco de Financiación, S.A. has adjusted the Exercise Price and the ratio of warrants issued as at November 27 on shares of FCC with effect on December 05, 2014, as a result of the capital increase announced by the company.

(34 kB) - - - Adjustment Warrants on FCC

BBVA, S.A. has proceeded to adjust the exercise price and the warrants ratio for FCC stock, effective December 1, 2014, due to the capital increase announced by the company.

(45 kB) - - - Adjustment Warrants on FCC

BBVA Banco de Financiación S.A. has adjusted the Exercise Price and ratio of warrants on INDITEX shares, effective as of November 3, 2014 due to the extraordinary dividend payment announced by the company.

(48 kB) - - - Adjustment Warrants on INDITEX

BBVA Banco de Financiación, S.A. has adjusted the Exercise Price and the ratio of warrants on shares of INDITEX with effect on July 28, 2014, as a result of the split carried out by the company.

(57 kB) - - - Adjustment Warrants on Inditex

BBVA Banco de Financiación, S.A. has adjusted the Exercise Price and the ratio of warrants on shares of NOKIA with effect on June 18, 2014, as a result of the special dividend payment announced by the company.

(58 kB) - - - Adjustment Warrants on Nokia

BBVA Banco de Financiación, S.A. has adjusted the Exercise Price and the ratio of warrants on shares of APPLE with effect on June 09, 2014, as a result of the split carried out by the company.

(42 kB) - - - Adjustment Warrants on Apple

BBVA Banco de Financiación, S.A. has adjusted the Strike Price and rates of warrants on DEUTSCHE BANK AG. shares, effective from June 6, 2014, due to the capital increase announced by the company.

(51 kB) - - - Adjustment Warrants on DEUTSCHE BANK AG

BBVA Banco de Financiación S.A. has adjusted the Strike Price and rates of warrants on REPSOL S.A shares, effective from June 6, 2014, due to the extraordinary dividend payment announced by the company.

(54 kB) - - - Adjustment Warrants on REPSOL, S.A.

BBVA Banco de Financiación, S.A. has proceeded to adjust the Exercise Price and the ratio of the warrants on stock of ABERTIS S.A. with effect May 14, 2014, because of the increase in freed-up capital and without affecting the dividends announced by the company.

(44 kB) - - - See adjusts Warrants on ABERTIS

BBVA Banco de Financiación, S.A. has proceeded to adjust the Exercise Price and the ratio of the warrants on stock of ABERTIS S.A. with effect September 25, 2013, because of the increase in freed-up capital and without affecting the dividends announced by the company.

(39 kB) - - - Adjustment Warrants on ABERTIS, S.A.

BBVA Banco de Financiación, S.A. has modified the underlying assets of the warrants on shares of Siemens AG, which will now be comprised of a share bundle (Siemens-Osram), with effect from July 8, 2013, due to the " Spin-off " carried out by the company.

(38 kB) - - - Adjustment Warrants on SIEMENS AG

BBVA Banco de Financiación, S.A. has adjusted the Strike Price and rate of warrants on Banco Popular S.A. shares effective from June 17, 2013, due to the contrasplit carried out by the company.

(100 kB) - - - Adjustment Warrants on Banco Popular Spanish, S.A.

BBVA Banco de Financiación has changed the Strike Price and the ratio of warrants on Bankinter S.A. stock effective as of April 4, 2013, due to the capital increase with a difference in dividends announced by the company.

(34 kB) - - - Adjustment Warrants on Bakinter S.A.

BBVA Banco de Financiación S.A. has adjusted the Exercise Price and ratio of warrants on BANCO POPULAR shares, effective as of November 14, 2012, due to the enlargement of capital announced by the institution.

(82 kB) - - - Adjustment of Warrants on Banco Popular

BBVA Banco de Financiación S.A. has adjusted the Exercise Price and ratio of warrants on INDITEX shares, effective as of November 2, due to the extraordinary dividend payment announced by the company.

(95 kB) - - - Adjustment of Warrants on Inditex

Products and offer
Be able to find all the offer of the warrants that BBVA has admitted to trading on every type of underlying assets (Stock, Indexes and Currencies). Selecting every warrant be able to consult information relevant on the same one and access the tools that BBVA puts at your disposal for help you to understand better your characteristics.