Bank of America issues $3B of 6.625% Fixed-Rate Reset Non-Cumulative Preferred Stock, Series OO

BANK OF AMERICA CORP /DE/

Issued 120,000 shares of Series OO Preferred Stock, liquidation preference $25,000 per share.
Sold 3,000,000 Depositary Shares (each representing 1/25th interest in Series OO), raising ~$3B.
Dividend rate: 6.625% fixed-rate reset; non-cumulative; terms include dividend stopper restrictions.
Depositary shares sold under prospectus supplement dated April 24, 2025; underwriting agreement filed.
Proceeds not specified; expected for general corporate purposes.

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

BANK OF AMERICA CORP /DE/: Filed Certificate of Designations to amend Restated Certificate of Incorporation, fixing terms of Series OO Preferred Stock (effective 2025-04-29).

Change: charter amendment
Effective: 2025-04-29

Exact text from the filing

On April 29, 2025, the Corporation filed a Certificate of Designations (the “Certificate of Designations”) with the Secretary of State of the State of Delaware to amend its Restated Certificate of Incorporation.

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13 governance changes filed in the last 30 days. Browse all governance changes →

BANK OF AMERICA CORP /DE/ filing history →

Source: SEC EDGAR

accession 0001193125-25-103911

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