Bank of America Corporation has announced its plan to redeem the entire $2 billion principal amount outstanding of its 1.530% Fixed/Floating Rate Senior Notes, which are due in December 2025. The redemption is scheduled for December 6, 2024, at a price equal to 100% of the principal amount plus accrued and unpaid interest up to, but not including, the redemption date. After this date, interest on these notes will cease.
The payment for the redemption will be processed through The Depository Trust Company facilities. The Bank of New York Mellon Trust Company, N.A., acts as both trustee and paying agent for these notes.
Bank of America describes itself as one of the world's leading financial institutions. It serves a wide range of clients from individual consumers to large corporations with various banking and financial services. In the United States alone, it serves approximately 69 million consumer and small business clients through around 3,700 retail financial centers and about 15,000 ATMs. Its digital banking platform boasts approximately 58 million verified users.
Globally recognized in wealth management and corporate investment banking sectors, Bank of America operates across more than 35 countries. Its stock is listed on the New York Stock Exchange under the symbol BAC.
The company also issued a caution regarding forward-looking statements included in their announcement. These statements are subject to risks and uncertainties that could affect future results or performance.
For further information or inquiries related to investments or media contacts within Bank of America:
Investors may contact Lee McEntire at 1.980.388.6780 or via email at lee.mcentire@bofa.com; Jonathan G. Blum (Fixed Income) can be reached at 1.212.449.3112 or jonathan.blum@bofa.com.
Reporters may reach out to Jocelyn Seidenfeld at 1.646.743.3356 or jocelyn.seidenfeld@bofa.com.