Bank of America Corporation CEDear

Bank of America Corporation CEDear is a depositary receipt representing shares of Bank of America Corporation for investors in Argentina. It provides local-currency access to one of the world’s largest diversified financial institutions, which offers retail and commercial banking, wealth management, corporate lending, and global markets services. The underlying company operates through Consumer Banking, Global Wealth & Investment Management, Global Banking, and Global Markets, serving individuals, small and middle‑market businesses, institutions, and governments. As a cross-border instrument, this CEDear facilitates portfolio diversification, allowing Argentine investors to track the economic performance of a major U.S. bank while trading on the domestic market and settling under local market conventions. Its relevance in the local market stems from exposure to a globally systemically important bank with extensive U.S. deposit share, sizable balance sheet, and multi-cycle earnings streams linked to credit, rates, and market activity. The CEDear structure may also incorporate a defined share ratio to the underlying common stock, aligning local pricing with the U.S.-listed equity’s fundamentals.