Bank of America Corporation (BofA) has announced the issuance of Fixed Rate Callable Notes, due December 3, 2025, with an aggregate principal amount yet to be determined. The notes, which are senior unsecured debt securities, will price on May 30, 2024, and mature on December 3, 2025. They will accrue interest at a fixed rate of 5.55% per annum, with interest payments made quarterly starting September 3, 2024. BofA retains the right to redeem all notes on December 3, 2024, and on each subsequent Call Date. The notes, with CUSIP number 06055JEQ8, will be issued in minimum denominations of $1,000 and will not be listed on any securities exchange. The offering includes an underwriting discount of 0.50%, and the notes are not FDIC insured, not bank guaranteed, and may lose value. The notes are...Show More

Bank of America Corporation (BofA) has announced the issuance of Fixed Rate Callable Notes, due December 3, 2025, with an aggregate principal amount yet to be determined. The notes, which are senior unsecured debt securities, will price on May 30, 2024, and mature on December 3, 2025. They will accrue interest at a fixed rate of 5.55% per annum, with interest payments made quarterly starting September 3, 2024. BofA retains the right to redeem all notes on December 3, 2024, and on each subsequent Call Date. The notes, with CUSIP number 06055JEQ8, will be issued in minimum denominations of $1,000 and will not be listed on any securities exchange. The offering includes an underwriting discount of 0.50%, and the notes are not FDIC insured, not bank guaranteed, and may lose value. The notes are subject to BofA's credit risk, and their market value may be influenced by various economic and market factors. The notes will be delivered in book-entry form through The Depository Trust Company on or about June 3, 2024. Potential investors are advised to consider the risk factors detailed in the pricing supplement, prospectus supplement, and prospectus dated December 30, 2022.