secwatch.observer — SEC 8-K summary
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Issuer:     BANK OF AMERICA CORP /DE/ (BAC)
CIK:        0000070858
Form:       8-K
Filed at:   2023-06-26T23:59:59+00:00
Accession:  0001193125-23-175255
Event type: regulatory
Sentiment:  neutral
Materiality: 0.50
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Bank of America: USD LIBOR CMS instruments to use SOFR fallback starting June 30, 2023
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- Press release details fallback provisions for certain debt securities and CDs linked to USD LIBOR CMS Rate after June 30, 2023.
- Two categories: Annex 1 (issued by BAC) and Annex 2 (issued by BofA Finance) with different fallback mechanisms.
- Replacement rate will be SOFR Adjusted CMS Rate (per ARRC formula) or calculation agent's determination.
- Holders of affected CUSIPs encouraged to review the press release and annexes.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/70858/000119312523175255/0001193125-23-175255-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/70858/000119312523175255/d480317d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-175255

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer