Brian Moynihan CEO of Bank of America | Bank of America
Bank of America Corporation has announced its intention to redeem all $1.5 billion principal amount outstanding of its 2.015% Fixed/Floating Rate Senior Notes, due February 2026. The redemption will occur on February 13, 2025, at a price equal to 100% of the principal amount plus accrued and unpaid interest up to the redemption date. Interest on these notes will cease to accrue from that date.
The redemption payment will be processed through The Depository Trust Company facilities, with The Bank of New York Mellon Trust Company, N.A. serving as trustee and paying agent for the notes.
Bank of America is recognized as one of the leading financial institutions globally, offering a wide range of banking, investing, asset management, and other financial services to individuals and businesses. In the United States alone, it serves approximately 69 million clients through an extensive network including 3,700 retail financial centers and about 15,000 ATMs.
The company has issued a caution regarding forward-looking statements within this announcement. These statements are subject to risks and uncertainties that could affect actual outcomes.
For further information or inquiries from investors and reporters, contacts have been provided: Lee McEntire and Jonathan G. Blum for investor queries; Jocelyn Seidenfeld for media inquiries.