Bank of America Corporation announced today the redemption of its 0.523% Fixed/Floating Rate Senior Notes due June 2024. The bank will redeem all $1,500,000,000 principal amount outstanding of these notes on May 14, 2024. The redemption price will be equal to 100% of the principal amount of the Notes, along with accrued and unpaid interest up to, but excluding, the redemption date.
The payment for the redemption will be facilitated through The Depository Trust Company, with The Bank of New York Mellon Trust Company, N.A. acting as the trustee and paying agent for the Notes.
Bank of America is recognized as one of the world's leading financial institutions, catering to individual consumers, small and middle-market businesses, and large corporations with a comprehensive range of financial services. The corporation serves approximately 69 million consumer and small business clients in the United States through various channels, including retail financial centers, ATMs, and digital banking.
In a statement, Bank of America highlighted its commitment to providing industry-leading support to approximately 4 million small business households through innovative online products and services. The company operates not only in the United States and its territories but also in more than 35 countries. Bank of America Corporation's stock is listed on the New York Stock Exchange under the symbol BAC.
Regarding future prospects, the bank cautioned investors about forward-looking statements, emphasizing the inherent uncertainties and risks involved. Bank of America urged stakeholders to consider the information provided in its Annual Report on Form 10-K for the year ended December 31, 2023, and subsequent Securities and Exchange Commission filings.
For further inquiries, investors may contact Lee McEntire at 1.980.388.6780 or lee.mcentire@bofa.com, and Jonathan G. Blum at 1.212.449.3112 or jonathan.blum@bofa.com. Reporters seeking information can reach out to Bill Halldin at 1.916.724.0093 or william.halldin@bofa.com.