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.

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