secwatch.observer — SEC 8-K summary
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Issuer:     BANK OF AMERICA CORP /DE/ (BAC)
CIK:        0000070858
Form:       8-K
Filed at:   2023-03-31T23:59:59+00:00
Accession:  0001193125-23-088102
Event type: regulatory
Sentiment:  neutral
Materiality: 0.45
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/70858/000119312523088102/0001193125-23-088102-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/70858/000119312523088102/d480861d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-088102

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