secwatch.observer — SEC 8-K summary
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Issuer:     BANK OF AMERICA CORP /DE/ (BAC)
CIK:        0000070858
Form:       8-K
Filed at:   2024-06-21T23:59:59+00:00
Accession:  0001193125-24-165715
Event type: regulatory
Sentiment:  neutral
Materiality: 0.40
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Bank of America replaces CDOR with CORRA for certain floating-rate debt securities after June 28, 2024
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- Three-Month CDOR will be replaced by Three-Month Fallback Rate (CORRA) effective June 28, 2024 for outstanding debt securities.
- CORRA includes daily Canadian Overnight Repo Rate compounded in arrears plus a fixed spread of 0.32138%.
- One series of CDOR securities (Annex 3) will be redeemed before the floating rate period; notice to follow separately.
- Calculation agent Merrill Lynch Canada will determine alternative rates for Annex 1 and Annex 2 securities.
- CDOR cessation announced by Refinitiv Benchmark Services on May 16, 2022; final publication June 28, 2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/70858/000119312524165715/0001193125-24-165715-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/70858/000119312524165715/d804460d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-165715

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