Bank of America Corporation has announced its intention to redeem the entire CAD550,000,000 principal amount outstanding of its 3.515% Fixed/Floating Rate Senior Notes on March 24, 2025. These notes were originally due in March 2026. The redemption will be executed at a price equal to 100% of the principal amount, plus any accrued and unpaid interest up to but not including the redemption date. After this date, interest on these notes will cease.
The payment process for the redemption will follow the procedures set by CDS Clearing and Depository Services Inc. The Bank of New York Mellon Trust Company, N.A., acts as the trustee for these notes while BNY Trust Company of Canada serves as the paying agent.
Bank of America is recognized globally as a leading financial institution offering a comprehensive range of banking services to individual consumers, small and middle-market businesses, and large corporations. It operates extensively across the United States with around 69 million consumer and small business clients serviced through numerous retail financial centers and ATMs. The corporation also has a significant presence in wealth management and investment banking worldwide.
"Bank of America" functions under this marketing name for its global banking operations. Various affiliates handle lending, derivatives, commercial banking activities, securities trading, strategic advisory services, and other investment banking activities both in the U.S. and internationally.
For further inquiries regarding this announcement or related financial information, investors can contact Lee McEntire or Jonathan G. Blum at Bank of America. Reporters may reach out to Jocelyn Seidenfeld for more details.
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