Bank of America Corporation has announced its decision to redeem all CHF 375,000,000 principal amount outstanding of its 0.2525% Senior Notes on June 12, 2025. These notes were initially set to mature on June 12, 2026. The redemption will be executed at the Optional Redemption Amount of CHF 5,000 per CHF 5,000 Calculation Amount as outlined in the Pricing Supplement dated June 11, 2019. Interest will cease to accrue from the redemption date.
The payment process for this redemption will follow the procedures established by SIX SIS AG. UBS AG serves as the Principal Swiss Paying Agent for these notes following their succession from Credit Suisse AG. Trading of these notes on the SIX Swiss Exchange is scheduled to end on June 10, 2025.
Bank of America operates as a major financial institution globally, providing a range of services including banking and asset management to individual consumers and businesses. It serves approximately 69 million clients in the United States through various retail financial centers and digital platforms.
The company has emphasized that some statements in their release may be considered "forward-looking statements" under the Private Securities Litigation Reform Act of 1995. These involve risks and uncertainties that could affect future outcomes and should not be overly relied upon without considering potential risks discussed in their filings with the Securities and Exchange Commission.
For more information or inquiries regarding this announcement, investors can contact Lee McEntire or Jonathan G. Blum at Bank of America while reporters can reach out to Jocelyn Seidenfeld.