Bank of America Corporation announced it will redeem on May 9, 2025, all €1.25 billion principal amount outstanding of its 0.808% Fixed/Floating Rate Senior Notes, which are due on May 9, 2026. These notes, with ISIN XS1991265478 and Common Code 199126547, were issued under Bank of America's $65 billion Euro Medium-Term Note Program.
The redemption price will be €1,000 per €1,000 Calculation Amount, plus any accrued and unpaid interest up to, but not including, the redemption date. "Interest on the Notes will cease to accrue on the redemption date," the corporation stated. Redemption payments will follow the procedures of Euroclear Bank SA/NV and Clearstream Banking, S.A.
Citibank, N.A., London Branch is designated as the Principal Agent, while Citibank Europe plc serves as the Registrar for the Notes. Bank of America Corporation has announced it will request the Financial Conduct Authority to cancel the listing of these notes on its Official List, as well as the admission for trading on the London Stock Exchange’s regulated market following the redemption date.
Bank of America is recognized globally as a leading financial institution, offering a wide range of banking and financial services. The corporation provides services across the United States, its territories, and in more than 35 other countries, maintaining approximately 3,700 retail financial centers and about 15,000 ATMs. It serves around 69 million consumer and small business clients with its award-winning digital banking services.
Investors or reporters seeking more information can contact Lee McEntire or Jonathan G. Blum for investor queries and Jocelyn Seidenfeld for media inquiries.
Bank of America also included a forward-looking statement disclaimer, highlighting that certain risks and uncertainties could affect future performance, as detailed in their latest Securities and Exchange Commission filings.