Bank of America Corporation announced plans to redeem all outstanding €2,000,000,000 principal amount of its Floating Rate Senior Notes due September 22, 2026. The redemption will take place on September 22, 2025.
The notes were originally issued under Bank of America's $65 billion Euro Medium-Term Note Program. The redemption price will be the Optional Redemption Amount of €1,000 per €1,000 Calculation Amount as outlined in the Final Terms dated September 20, 2021. In addition to this amount, holders will receive accrued and unpaid interest up to but not including the redemption date. Interest on the notes will stop accruing as of that date.
Redemption payments will be made according to procedures set by Euroclear Bank SA/NV and Clearstream Banking, S.A. Citibank, N.A., London Branch acts as Principal Agent for the notes while Citibank Europe plc serves as Registrar.
Following redemption, Bank of America intends to request that the Financial Conduct Authority cancel the listing of these notes on its Official List and also seek cancellation of their admission to trading on the regulated market operated by the London 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. These statements are not guarantees of future results or performance and involve certain risks, uncertainties and assumptions difficult to predict or beyond our control. You should not place undue reliance on any forward-looking statement and should consider the uncertainties and risks discussed under Item 1A. “Risk Factors” in our Annual Report on Form 10-K for the year ended December 31, 2024 and in any of our subsequent Securities and Exchange Commission filings. Forward-looking statements speak only as of the date they are made, and we undertake no obligation to update any forward-looking statement to reflect the impact of circumstances or events that arise after the date the forward-looking statement was made."
Bank of America describes itself as a major financial institution serving a wide range of clients with banking, investing, asset management, risk management products and services across more than 35 countries. Its stock is listed on the New York Stock Exchange under NYSE: BAC.
For investor inquiries related to this announcement, Lee McEntire at Bank of America can be contacted at 1.980.388.6780 or lee.mcentire@bofa.com; Jonathan G. Blum (Fixed Income) is available at 1.212.449.3112 or jonathan.blum@bofa.com; media queries can be directed to Jocelyn Seidenfeld at 1.646.743.3356 or jocelyn.seidenfeld@bofa.com.