Bank of America $700 million preferred stock offering

Davis Polk advised the lead manager, sole book-runner and representative of the several underwriters in connection with Bank of America Corporation’s $700 million SEC-registered offering of 28,000,000 depositary shares, each representing a 1/1,000th interest in a share of Bank of America Corporation’s 4.750% non-cumulative preferred stock, Series SS.

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.