Bank of America Corporation has announced its intention to redeem all $1.5 billion in outstanding Floating Rate Senior Notes, due February 2026, on February 5, 2025. The redemption will be at a price equal to 100% of the principal amount plus accrued and unpaid interest up to, but not including, the redemption date. Interest on these notes will cease accruing from the redemption date.
The payment for this redemption will be processed through The Depository Trust Company facilities. The Bank of New York Mellon Trust Company, N.A., serves as both trustee and paying agent for these notes.
Bank of America is recognized as a leading global financial institution providing a wide range of banking, investing, asset management, and other financial services to individual consumers and businesses worldwide. It operates approximately 3,700 retail financial centers and around 15,000 ATMs across the United States.
The corporation emphasizes that certain statements in their announcement may be considered "forward-looking statements" under the Private Securities Litigation Reform Act of 1995. These involve risks and uncertainties that are difficult to predict or control. They advise against placing undue reliance on such statements.
For further information or inquiries regarding this announcement, investors can contact Lee McEntire or Jonathan G. Blum at Bank of America. Reporters may reach out to Jocelyn Seidenfeld for additional details.
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