On June 21, 2024, Bank of America Corporation announced a significant change to the base rate for its outstanding floating rate and fixed-to-floating rate debt securities. Following the discontinuation of the Canadian dollar Bankers' Acceptance Rate (CDOR), the Corporation will adopt the Fallback Rate (CORRA) as the new base rate after June 28, 2024. This change is in response to the May 16, 2022, announcement by Refinitiv Benchmark Services (UK) Limited that it would cease the calculation and publication of CDOR. The affected securities and their CUSIP numbers are detailed in the press release's annexes. Additionally, Bank of America intends to redeem a series of its fixed-to-floating rate debt securities that are based on the Three-Month CDOR. This redemption is planned prior to the commencement of the floating rate period for these securities, although this announcement does not serve as the official notice of redemption.

On June 21, 2024, Bank of America Corporation announced a significant change to the base rate for its outstanding floating rate and fixed-to-floating rate debt securities. Following the discontinuation of the Canadian dollar Bankers' Acceptance Rate (CDOR), the Corporation will adopt the Fallback Rate (CORRA) as the new base rate after June 28, 2024. This change is in response to the May 16, 2022, announcement by Refinitiv Benchmark Services (UK) Limited that it would cease the calculation and publication of CDOR. The affected securities and their CUSIP numbers are detailed in the press release's annexes. Additionally, Bank of America intends to redeem a series of its fixed-to-floating rate debt securities that are based on the Three-Month CDOR. This redemption is planned prior to the commencement of the floating rate period for these securities, although this announcement does not serve as the official notice of redemption.