Bank of America Finalizes Terms for $2.75 Billion Senior Notes Tranche

summarizeSummary

Bank of America finalized the specific terms for a $2.75 billion tranche of senior notes, due 2032, as part of its recently announced $7.0 billion debt offering.

check_boxKey Events

• Finalizes $2.75 Billion Senior Notes Tranche

  Bank of America set the final terms for $2.75 billion in 4.456% fixed/floating rate senior notes due February 2032.

• Part of Larger Debt Offering

  This tranche is a component of the $7.0 billion senior notes offering previously disclosed on February 4, 2026.

• Fixed-to-Floating Rate Structure

  The notes will pay a fixed interest rate of 4.456% until February 2031, then switch to a floating rate based on Compounded SOFR plus 87 basis points.

auto_awesomeAnalysis

This FWP finalizes the specific terms for a $2.75 billion tranche of senior notes, due February 2032, which is part of a larger $7.0 billion offering initiated on February 4, 2026. The notes feature a fixed-to-floating interest rate structure, starting at 4.456% fixed before transitioning to a floating rate based on Compounded SOFR. This capital raise is a routine financing activity for a large financial institution like Bank of America, aimed at managing its balance sheet and funding operations.