Free Writing Prospectus - Filing Under Securities Act Rules 163/433 (fwp)
October 20 2021 - 6:01AM
Edgar (US Regulatory)
Filed Pursuant to Rule 433
Registration No. 333-257399
BANK OF AMERICA CORPORATION
PREFERRED STOCK, SERIES QQ
$1,300,000,000
52,000,000 Depositary Shares, Each Representing a 1/1,000th Interest in a Share of Bank
of
America Corporation 4.250% Non-Cumulative Preferred Stock, Series QQ
FINAL TERM SHEET
Dated
October 19, 2021
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Issuer:
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Bank of America Corporation
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Security:
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Depositary Shares, each representing a 1/1,000th interest in a share of Bank of America Corporation 4.250% Non-Cumulative Preferred
Stock, Series QQ
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Expected Ratings:
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Baa3 (Moody’s) / BBB- (S&P) / BBB+ (Fitch)
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Size:
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$1,300,000,000 ($25 per Depositary Share)
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Over-allotment Option:
Public Offering Price:
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None
$25 per Depositary Share
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Maturity:
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Perpetual
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Trade Date:
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October 19, 2021
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Settlement Date:
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October 26, 2021 (T+5)
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Dividend Rate (Non-Cumulative):
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4.250%
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Dividend Payment Dates:
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February 17, May 17, August 17, and November 17 of each year beginning on February 17, 2022, each subject to following unadjusted business day convention
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Day Count:
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30/360
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Business Days:
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New York/Charlotte
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Optional Redemption:
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Anytime on or after November 17, 2026 and earlier upon certain events involving a capital treatment event as described and subject to limitations in the preliminary prospectus supplement dated October 19, 2021 (the
“Preliminary Prospectus Supplement”)
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Listing:
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Application will be made to list the Depositary Shares on the New York Stock Exchange (“NYSE”) under the symbol “BAC PrQ”. Trading of the Depositary Shares on the NYSE is expected to commence within a 30-day period after the original issuance date of the Depositary Shares.
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Sole Book-Runner:
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BofA Securities, Inc.
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Joint Lead Managers:
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J.P. Morgan Securities LLC
Morgan
Stanley & Co. LLC
RBC Capital Markets, LLC
UBS
Securities LLC
Wells Fargo Securities, LLC
Citigroup Global
Markets Inc.
TD Securities (USA) LLC
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Co- Managers:
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AmeriVet Securities, Inc.
Bancroft Capital,
LLC
Great Pacific Securities
Keefe, Bruyette &
Woods, Inc.
MFR Securities, Inc.
Raymond James &
Associates, Inc.
Roberts & Ryan Investments, Inc.
Tigress Financial Partners, LLC
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CUSIP/ISIN for the Depositary Shares:
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06055H806 / US06055H8060
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Bank of
America Corporation (the “Issuer”) has filed a registration statement (including the Preliminary Prospectus Supplement and the prospectus dated August 4, 2021) with the SEC for the offering to which this communication relates. Before
you invest, you should read those documents and the other documents that the Issuer has filed with the SEC for more complete information about the Issuer and this offering. You may obtain these documents for free by visiting EDGAR on the SEC website
at www.sec.gov. Alternatively, the lead manager will arrange to send you the prospectus supplement and the prospectus if you request them by
contacting BofA Securities, Inc., toll free at 1-800-294-1322. You may also
request copies by e-mail from fixedincomeir@bofa.com or dg.prospectus_requests@bofa.com.
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