We advised the lead manager, sole bookrunner and representative of the underwriters on the offering

Davis Polk advised the lead manager, sole bookrunner and representative of the several underwriters in connection with an SEC-registered offering by Bank of America Corporation of $500 million aggregate principal amount of floating-rate senior notes due April 2030, $3.25 billion aggregate principal amount of 4.477% fixed-to-floating-rate senior notes due April 2030, $3.25 billion aggregate principal amount of 4.695% fixed-to-floating-rate senior notes due April 2032 and $3 billion aggregate principal amount of 5.489% fixed-to-floating-rate subordinated notes due April 2037. For the term of the floating-rate notes and during the floating-rate period of the fixed-to-floating-rate notes, the notes bear interest by reference to SOFR, compounded daily over each quarterly interest payment period.

The Davis Polk tax team also advised Bank of America Corporation in connection with the offering.

The Davis Polk corporate team included partner Christopher S. Schell, counsel Michael J. Russo and associates Jonathan Perlman and John Foster. Partner Lucy W. Farr, counsel David S. Fisher and associate Xiyuan (Spencer) Pan provided tax advice. All members of the Davis Polk team are based in the New York office.

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