Bank of America Corporation announced today that it will redeem on August 24, 2024, all €1,500,000,000 principal amount outstanding of its Floating Rate Senior Notes, due August 24, 2025 (ISIN: XS2345784057; Common Code: 234578405) (the “Notes”).
The Notes were issued under the Bank of America Corporation U.S.$65,000,000,000 Euro Medium-Term Note Program. The redemption price for the Notes will be equal to the Optional Redemption Amount of €1,000 per €1,000 Calculation Amount (as specified in the applicable Final Terms dated May 20, 2021), plus accrued and unpaid interest to but excluding the redemption date of August 24, 2024. Since August 24, 2024 is not a business day, the redemption price for the Notes will be paid on the next succeeding business day, August 27, 2024. Interest on the Notes will cease to accrue on the redemption date.
Payment of the redemption price for the Notes will be made in accordance with the applicable procedures of Euroclear Bank SA/NV and Clearstream Banking S.A.
Citibank N.A., London Branch is the Principal Agent for the Notes and Citibank Europe plc is the Registrar for the Notes.
Bank of America Corporation will request the Financial Conduct Authority (the “FCA”) to cancel the listing of the Notes on the Official List of the FCA and to cancel admission to trading on the regulated market of London Stock Exchange (the “Exchange”) as soon as practicable after the redemption date.
Bank of America is one of the world’s leading financial institutions serving individual consumers, small and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. The company provides convenience in serving approximately 69 million consumer and small business clients with approximately 3,800 retail financial centers and approximately 15,000 ATMs. It also offers digital banking with around 58 million verified digital users. Bank of America operates globally across wealth management sectors including corporate investment banking and trading across various asset classes.
Certain information contained in this news release may constitute "forward-looking statements" within meaning under Private Securities Litigation Reform Act of 1995. These statements are not guarantees of future results or performance and involve certain risks that are difficult to predict or beyond control. Forward-looking statements speak only as at their date made; no obligation exists to update any forward-looking statement reflecting circumstances or events arising thereafter.
Investors may contact Lee McEntire at +1-980-388-6780 or lee.mcentire@bofa.com; Jonathan G. Blum at +1-212-449-3112 or jonathan.blum@bofa.com.
Reporters may contact Jocelyn Seidenfeld at +1-646-743-3356 or jocelyn.seidenfeld@bofa.com.