The company issued 2,000,000 depositary shares

Davis Polk advised the lead manager, sole book-runner and representative of the several underwriters in connection with Bank of America Corporation’s $2 billion SEC-registered offering of 2,000,000 depositary shares, each representing a 1/25th interest in a share of Bank of America Corporation’s 6.125% fixed-rate reset non-cumulative preferred stock, Series TT.

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

The Davis Polk corporate team included partner Christopher S. Schell and counsel Michael J. Russo. The tax team included partner Po Sit and associate Spencer Pan. All members of the Davis Polk team are based in the New York office.