Brian Moynihan CEO of Bank of America | Bank of America
Bank of America Corporation has announced its plan to redeem all CAD400,000,000 principal amount outstanding of its Floating Rate Senior Notes due March 2026. The redemption is set for March 16, 2025, at a price equal to 100% of the principal amount plus accrued and unpaid interest up to, but excluding, the redemption date. As March 16 is not a business day, payment will be made on the next business day, March 17, 2025. Interest on these notes will cease to accrue from the redemption date.
The payment process will follow the procedures established by CDS Clearing and Depository Services Inc. The Bank of New York Mellon Trust Company serves as trustee while BNY Trust Company of Canada acts as the paying agent for these notes.
Bank of America is recognized globally as a leading financial institution providing a wide range of banking and financial services to individuals and businesses. It operates extensively in the United States with approximately 69 million clients and over 3,700 retail financial centers. The company also boasts around 15,000 ATMs and about 58 million verified digital users.
Forward-looking statements in this announcement are subject to risks and uncertainties that could affect future performance. These statements should not be overly relied upon without considering potential risks discussed in Bank of America's Annual Report on Form 10-K for the year ended December 31, 2023.
For further information or inquiries related to this announcement, investors may contact Lee McEntire at Bank of America via phone at 1.980.388.6780 or email lee.mcentire@bofa.com. Jonathan G. Blum can also be contacted for fixed income inquiries at phone number 1.212.449.3112 or email jonathan.blum@bofa.com.
Reporters seeking additional details can reach out to Jocelyn Seidenfeld at Bank of America by calling 1.646.743.3356 or emailing jocelyn.seidenfeld@bofa.com.
###