Bank of America Prices $8.0 Billion Multi-Tranche Senior Notes Offering

Offering Overview

Bank of America Corporation filed a prospectus supplement (Form 424B5) on October 19, 2026, covering the pricing of $8,000,000,000 aggregate principal amount of senior notes across four series under its Medium-Term Note Program, Series N:

1. $500,000,000 Floating Rate Senior Notes due October 2029

   • Maturity Date: October 20, 2029
   • Interest Rate: Compounded SOFR + 0.740% per annum, payable quarterly
   • Issue Price: 100.000%
   • Underwriting Commission: 0.200%

2. $2,000,000,000 5.385% Fixed/Floating Rate Senior Notes due October 2029

   • Maturity Date: October 20, 2029
   • Interest Rate: Fixed at 5.385% per annum until October 20, 2028 (payable semi-annually); floating at Compounded SOFR + 0.740% per annum thereafter (payable quarterly)
   • Issue Price: 100.000%
   • Underwriting Commission: 0.200%

3. $2,750,000,000 5.748% Fixed/Floating Rate Senior Notes due October 2032

   • Maturity Date: October 20, 2032
   • Interest Rate: Fixed at 5.748% per annum until October 20, 2031 (payable semi-annually); floating at Compounded SOFR + 1.080% per annum thereafter (payable quarterly)
   • Issue Price: 100.000%
   • Underwriting Commission: 0.350%

4. $2,750,000,000 6.062% Fixed/Floating Rate Senior Notes due October 2037

   • Maturity Date: October 20, 2037
   • Interest Rate: Fixed at 6.062% per annum until October 20, 2036 (payable semi-annually); floating at Compounded SOFR + 1.300% per annum thereafter (payable quarterly)
   • Issue Price: 100.000%
   • Underwriting Commission: 0.450%

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Net Proceeds & Underwriting

• Total Gross Proceeds: $8,000,000,000
• Total Underwriting Commissions: $27,000,000
• Net Proceeds (before expenses): $7,973,000,000
• Sole Book-Runner: BofA Securities
• Expected Settlement Date: October 20, 2026

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Structural Details & Redemption

• Ranking: Unsecured and unsubordinated obligations, ranking equally in right of payment with all other senior debt.
• Optional Redemption: The notes include issuer call options, permitting early redemption prior to maturity (both make-whole calls during the fixed-rate periods and par calls in the final year prior to maturity) in accordance with the terms outlined in the supplement.