Bank of America Corporation announced that it will redeem all outstanding €1,750,000,000 of its 1.949% Fixed/Floating Rate Senior Notes, which are due on October 27, 2026. The redemption will take place on October 27, 2025. The notes were issued under the company’s $65 billion Euro Medium-Term Note Program.
The redemption price will be set at €1,000 per €1,000 Calculation Amount, as outlined in the Final Terms dated April 22, 2022. Accrued and unpaid interest up to, but not including, the redemption date will also be paid. Interest on the notes will stop accruing after the redemption date.
Payment of the redemption price will follow the procedures of Euroclear Bank SA/NV and Clearstream Banking, S.A. Citibank, N.A., London Branch is acting as Principal Agent for the notes and Citibank Europe plc is serving as Registrar.
Bank of America Corporation plans to ask the Financial Conduct Authority to cancel the listing of these notes from its Official List and to request that the London Stock Exchange remove them from trading as soon as possible after redemption.
Bank of America describes itself as one of the world’s leading financial institutions. It serves nearly 70 million consumer and small business clients in the United States and operates about 3,600 retail financial centers and roughly 15,000 ATMs. The company reports approximately 59 million verified digital users and provides services in more than 35 countries. Its stock is listed on the New York Stock Exchange under the symbol BAC.
The company cautions that “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.”
For further information, investors may contact Lee McEntire or Jonathan G. Blum at Bank of America. Media inquiries can be directed to Jocelyn Seidenfeld at Bank of America.