Bank of America Corporation has announced its decision to redeem the entire $2,000,000,000 principal amount outstanding of its 2.456% Fixed/Floating Rate Senior Notes on October 22, 2024. These notes were originally due in October 2025 and are identified by CUSIP No. 06051GHW2. The redemption will be executed at a price equal to 100% of the principal amount plus any accrued and unpaid interest up to, but not including, the redemption date. After this date, interest on these notes will no longer accrue.
The payment for this redemption will be processed through The Depository Trust Company facilities. The Bank of New York Mellon Trust Company, N.A., is serving as both trustee and paying agent for these notes.
Bank of America is recognized as a leading global financial institution providing services across banking, investing, asset management, and risk management products. It serves approximately 69 million consumer and small business clients in the United States with around 3,800 retail financial centers and about 15,000 ATMs. Its digital banking platform boasts approximately 58 million verified users. Additionally, it offers support to nearly four million small business households with innovative online services.
The company operates across more than 35 countries beyond the United States and its territories. Bank of America's stock is traded under NYSE: BAC on the New York Stock Exchange.
"Certain information contained in this news release may constitute 'forward-looking statements' within the meaning of the Private Securities Litigation Reform Act of 1995," noted Bank of America in its statement regarding future expectations.
For further inquiries or details related to investments or reporting matters at Bank of America, individuals may contact Lee McEntire at 1.980.388.6780 or lee.mcentire@bofa.com for investment queries; Jonathan G. Blum at 1.212.449.3112 or jonathan.blum@bofa.com for fixed income-related questions; and Jocelyn Seidenfeld at 1.646.743.3356 or jocelyn.seidenfeld@bofa.com for media-related questions.