BANK OF AMERICA CORP /DE/ (BAC) Form 424B5 — Oct 19, 2026
Bank of America priced $8 billion of senior notes on October 16, 2026 under its Medium-Term Notes, Series N program, across four series: $500 million floating rate notes due 2029 at compounded SOFR plus 0.740%, $2 billion 5.385% fixed/floating notes due 2029, $2.75 billion 5.748% fixed/floating notes due 2032, and $2.75 billion 6.062% fixed/floating notes due 2037. All notes priced at 100% of par, with BofA Securities as sole book-runner and roughly 30 selling agents participating. BofA Securities is a wholly-owned subsidiary, so the issuer captures the economics of the underwriting. The notes are unsecured senior obligations ranking equally with BAC's other unsecured debt.
Key figures
- Debt Amount
- 8000000000
- Issue Date
- October 20, 2026
- Maturities
- ["October 20, 2029","October 20, 2032","October 20, 2037"]
- Total Offering Expenses
- $1,750,000
- 3yr fixed floating notes
- $2,000,000,000 at 5.385% fixed then SOFR + 0.740%
- 6yr fixed floating notes
- $2,750,000,000 at 5.748% fixed then SOFR + 1.080%
- Floating rate notes 2029
- $500,000,000 at compounded SOFR + 0.740%
- 11yr fixed floating notes
- $2,750,000,000 at 6.062% fixed then SOFR + 1.300%
AI analysis
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