Bank of America announces CME Term SOFR as replacement for USD LIBOR on certain securities after June 30, 2023

BANK OF AMERICA CORP /DE/

Effective after June 30, 2023, CME Term SOFR plus spread will replace USD LIBOR for specified floating-rate debt, preferred depositary shares, and trust preferred securities.
One-month tenor spread adjustment is 0.11448%; three-month tenor spread adjustment is 0.26161%.
BofA Securities, Inc. appointed as determining person for securities in Annex 2; selected three-month CME Term SOFR plus spread.
Transition governed by the LIBOR Act and Federal Reserve Board's LIBOR Rule; fallback provisions in certain securities will be overridden by law.
Affected securities listed in annexes to the press release; further notices via DTC LIBOR Replacement Index Communication Tool.

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