---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-088102"
form_type: "8-K"
ticker: "BAC"
cik: "0000070858"
company_name: "BANK OF AMERICA CORP /DE/"
filed_at: "2023-03-31T23:59:59+00:00"
generated_at: "2026-06-17T08:38:47.525355+00:00"
event_type: "regulatory"
sentiment: "neutral"
materiality_score: 0.45
calibrated_materiality_score: 0.45
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-23-088102
- form_type: 8-K
- ticker: BAC
- cik: 0000070858
- company_name: BANK OF AMERICA CORP /DE/
- filed_at: 2023-03-31T23:59:59+00:00
- event_type: regulatory
- sentiment: neutral
- materiality_score: 0.45
- calibrated_materiality_score: 0.45
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/70858/000119312523088102/0001193125-23-088102-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/70858/000119312523088102/d480861d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-088102
- JSON: https://secwatch.observer/filing/0001193125-23-088102.json
- Plain text: https://secwatch.observer/filing/0001193125-23-088102.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.