The table below presents a summary of perpetual preferred stock outstanding at April 16, 2024

*The floating rate component of the Per Annum Dividend Rate listed for this security reflects the replacement of its original USD LIBOR reference rate with CME Term SOFR plus the applicable tenor spread adjustment prescribed by rules issued by the Board of Governors of the Federal Reserve System as directed by the Adjustable Interest Rate (LIBOR) Act enacted by the U.S. Congress in March 2022. As further explained in our press release on March 31, 2023, for dividend determinations after June 30, 2023, the CME Term SOFR Reference Rate published for the three-month tenor (that corresponds to the three-month USD LIBOR tenor), as administered by CME Group Benchmark Administration, Ltd. (“CME Term SOFR”), plus the three-month tenor spread adjustment (26.161 bps) will be the reference rate for calculations or determinations of applicable dividend or distribution payments for our impacted USD LIBOR preferred stock. The Per Annum Dividend rate listed also includes any credit spread above USD LIBOR that was prescribed in the original terms for the security. Please note that the prospectus linked at left for this security pre-dates the replacement of USD LIBOR with CME Term SOFR and thus only includes its original terms that referenced USD LIBOR for the determination of floating rate dividend payments.

⁽¹⁾ Each series of preferred stock was issued by Bank of America Corporation (the "Corporation"). The final prospectus supplement for each series, if available, is hyperlinked in first column of the table above. For more information about the Corporation's series of preferred stock, including certain voting rights, see the Corporation's Amended and Restated Certificate of Incorporation filed with the SEC.

⁽²⁾ The Corporation may redeem series of preferred stock on or after the redemption date, in whole or in part, at its option, at the applicable redemption price plus declared and unpaid dividends. Series B and Series L preferred stock do not have early redemption/call rights.

⁽³⁾ Ownership is held in the form of depositary shares each representing a 1/1000th interest in a share of preferred stock paying a quarterly cash dividend, if and when declared.

⁽⁴⁾ Series F and Series G are held by BAC Capital Trust XIII and BAC Capital Trust XIV, respectively. Interests in BAC Capital Trust XIII and BAC Capital Trust XIV are represented by Hybrid Income Term Securities (HITS).

⁽⁵⁾ Ownership is held in the form of depositary shares each representing a 1/25th interest in a share of preferred stock, paying a semi-annual cash dividend, if and when declared, until the date the securities first become redeemable, then adjusts to a quarterly cash dividend, if and when declared, thereafter.

⁽⁶⁾ Ownership is held in the form of depositary shares, each representing a 1/1200th interest in a share of preferred stock, paying a quarterly cash dividend, if and when declared.

⁽⁷⁾ Ownership is held in the form of depositary shares, each representing 1/25th interest in a share of preferred stock, paying a quarterly cash dividend, if and when declared.

For more detail on any announced redemption of these securities, please see Press Releases and Quarterly Earnings.

Note: n/a = not applicable