New Issue: BofA prices $2.65 million step-up callable notes with 6.25% start rate

By Wendy Van Sickle

Columbus, Ohio, Oct. 31 – Bank of America Corp. priced $2.65 million of step-up callable notes due Oct. 28, 2042, according to a 424B2 filing with the Securities and Exchange Commission.

Interest will be 6.25% initially. It will step up to 6.5% on Oct. 28, 2027 and to 7.5% on Oct. 28, 2032. Interest will be payable semiannually.

The notes will be callable at par starting Oct. 28, 2024.

The payout at maturity will be par.

BofA Securities, Inc. is the agent.

Issuer:	Bank of America Corp.
Issue:	Step-up callable notes
Amount:	$2,648,000
Maturity:	Oct. 28, 2042
Coupon:	6.25% initially, stepping up to 6.5% on Oct. 28, 2027 and to 7.5% on Oct. 28, 2032; payable semiannually
Price:	Par
Payout at maturity:	Par
Call option:	At par on any semiannual review date beginning Oct. 28, 2024
Pricing date:	Oct. 26
Settlement date:	Oct. 31
Agent:	BofA Securities, Inc.
Fees:	2.5%
Cusip:	06048W2A7

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