Bank of America Corporation $2 Billion “Green Bond” Offering

Davis Polk advised the lead manager, sole book-runner and representative of the several underwriters in connection with an SEC-registered offering by Bank of America Corporation of $2 billion aggregate principal amount of 2.456% fixed-to-floating rate senior notes, due October 2025.

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

As set forth in the prospectus, Bank of America Corporation expects that the net proceeds of the sale of the notes will be used to finance or refinance, in whole or in part, renewable energy projects, such as investments in equipment and systems that facilitate the use of energy from solar, wind and geothermal energy sources.

The Davis Polk corporate team included partners John G. Crowley and John Banes and associates Michael J. Russo and John K. Rostom. Partners Lucy W. Farr and Po Sit and associates Joseph M. Gerstel and Shay Moyal provided tax advice. All members of the Davis Polk team are based in the New York office.