Bank of America said it issued 80,000 shares of Series WW Preferred Stock on October 23, 2026. The preferred is a 7.200% Fixed-Rate Reset Non-Cumulative Preferred Stock with a par value of $0.01 per share.

1. 01

   Bank of America said it issued 80,000 shares of Series WW Preferred Stock on October 23, 2026. The preferred is a 7.200% Fixed-Rate Reset Non-Cumulative Preferred Stock with a par value of $0.01 per share.

2. 02

   The company said the Certificate of Designations set the liquidation preference of the Series WW Preferred Stock at $25,000 per share. The certificate was filed with the Secretary of State of Delaware on October 23, 2026.

3. 03

   The company said it sold 2,000,000 Depositary Shares on October 23, 2026, each representing a 1/25th interest in a share of 1 shares of Series WW Preferred Stock. The terms of the offering are described in the Prospectus dated March 28, 2024 and the Prospectus Supplement dated October 20, 2026.

4. 04

   The company said that if it fails to declare and pay full dividends on the Series WW Preferred Stock, restrictions will apply to its ability to declare or pay dividends on, make distributions on, or repurchase, redeem or otherwise acquire its common stock and any preferred stock ranking on a parity with or junior to the Series WW Preferred Stock. The restrictions are set forth in the Certificate of Designations.

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Original filing

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