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<AuctionAnnouncement>
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<SecurityType>NOTE</SecurityType>
<CUSIP>91282CQL8</CUSIP>
<AnnouncementDate>2026-04-23</AnnouncementDate>
<AuctionDate>2026-04-27</AuctionDate>
<IssueDate>2026-04-30</IssueDate>
<MaturityDate>2028-04-30</MaturityDate>
<OfferingAmount>69.000</OfferingAmount>
<CompetitiveTenderAccepted>Y</CompetitiveTenderAccepted>
<NonCompetitiveTenderAccepted>Y</NonCompetitiveTenderAccepted>
<TreasuryRetailTenderAccepted>Y</TreasuryRetailTenderAccepted>
<TypeOfAuction>SINGLE PRICE</TypeOfAuction>
<CompetitiveClosingTime>11:30</CompetitiveClosingTime>
<NonCompetitiveClosingTime>11:00</NonCompetitiveClosingTime>
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<MaxSingleBid>24150000000</MaxSingleBid>
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<MinToIssue>100</MinToIssue>
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<CurrentlyOutstanding/>
<SOMAIncluded>N</SOMAIncluded>
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<MaturingDate>2026-04-30</MaturingDate>
<FIMAIncluded>Y</FIMAIncluded>
<Series>BA-2028</Series>
<InterestRate/>
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<FirstInterestPaymentDate>2026-10-31</FirstInterestPaymentDate>
<StandardInterestPayment/>
<FrequencyInterestPayment>SEMI-ANNUAL</FrequencyInterestPayment>
<StrippableIndicator>Y</StrippableIndicator>
<MinStripAmount>100</MinStripAmount>
<CorpusCUSIP>912821UF0</CorpusCUSIP>
<TINTCUSIP1/>
<TINTCUSIP1DueDate/>
<TINTCUSIP2/>
<TINTCUSIP2DueDate/>
<ReOpeningIndicator>N</ReOpeningIndicator>
<OriginalIssueDate/>
<BackDated>N</BackDated>
<BackDatedDate/>
<LongShortNormalCoupon>N</LongShortNormalCoupon>
<LongShortCouponFirstIntPmt/>
<InflationIndexSecurity>N</InflationIndexSecurity>
<FloatingRate>N</FloatingRate>
<RefCPIIssueDate/>
<RefCPIDatedDate/>
<IndexRatioOnIssueDate/>
<CPIBasePeriod/>
<TIINConversionFactor/>
<AccruedInterest/>
<DatedDate>2026-04-30</DatedDate>
<AnnouncedCUSIP/>
<UnadjustedPrice/>
<UnadjustedAccruedInterest/>
<AnnouncementPDFName>A_20260423_1.pdf</AnnouncementPDFName>
<OriginalDatedDate/>
<AdjustedAmountCurrentlyOutstanding/>
<NLPExclusionAmount>0.0</NLPExclusionAmount>
<MaximumNonCompAward>10000000.0</MaximumNonCompAward>
<AdjustedAccruedInterest/>
<Callable>N</Callable>
<CallDate/>
</AuctionAnnouncement>
<AuctionResults>
<LongShortCouponFirstIntPmt/>
<PrimaryDealerTendered>101501000000</PrimaryDealerTendered>
<PrimaryDealerAccepted>8110420000</PrimaryDealerAccepted>
<DirectBidderTendered>26499000000</DirectBidderTendered>
<DirectBidderAccepted>21626470100</DirectBidderAccepted>
<IndirectBidderTendered>54422740000</IndirectBidderTendered>
<IndirectBidderAccepted>38597840000</IndirectBidderAccepted>
<CompetitiveTendered>182422740000</CompetitiveTendered>
<CompetitiveAccepted>68334730100</CompetitiveAccepted>
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<SOMATendered>8684145700</SOMATendered>
<SOMAAccepted>8684145700</SOMAAccepted>
<FIMATendered>200000000</FIMATendered>
<FIMAAccepted>200000000</FIMAAccepted>
<TotalTendered>191772231000</TotalTendered>
<TotalAccepted>77684221100</TotalAccepted>
<BidToCoverRatio>2.65</BidToCoverRatio>
<ReleaseTime>11:32</ReleaseTime>
<AmountAcceptedBelowLowRate>5</AmountAcceptedBelowLowRate>
<HighAllocationPercentage>4.28</HighAllocationPercentage>
<LowDiscountRate/>
<HighDiscountRate/>
<MedianDiscountRate/>
<LowYield>2.880</LowYield>
<HighYield>3.812</HighYield>
<MedianYield>3.750</MedianYield>
<LowDiscountMargin/>
<HighDiscountMargin/>
<MedianDiscountMargin/>
<LowPrice/>
<HighPrice>99.881691</HighPrice>
<MedianPrice/>
<TIINConversionFactor/>
<AccruedInterest/>
<StandardInterestPayment>18.750</StandardInterestPayment>
<InterestRate>3.750</InterestRate>
<Spread/>
<OriginalCUSIP/>
<UnadjustedPrice/>
<UnadjustedAccruedInterest/>
<TreasuryRetailAccepted>247171300</TreasuryRetailAccepted>
<InvestmentRate/>
<AdjustedPrice/>
<AdjustedAccruedInterest/>
<IndexRatio/>
<FRNIndexDeterminationDate/>
<FRNIndexDeterminationRate/>
<ResultsPDFName>R_20260427_1.pdf</ResultsPDFName>
</AuctionResults>
</td:AuctionData>
