Brian T. Moynihan | Chair of the Board and Chief Executive Officer, Bank of America Corporation | Bank of America website
Bank of America Corporation has announced its intention to redeem the entire outstanding principal amount of two series of senior notes on April 2, 2025. The notes include $500 million in Floating Rate Senior Notes and $3 billion in 3.384% Fixed/Floating Rate Senior Notes, both due in April 2026.
The redemption price for each series will be 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 on that date.
Payments for the redemption will be processed through The Depository Trust Company. The Bank of New York Mellon Trust Company, N.A. is serving as trustee and paying agent for these transactions.
Bank of America describes itself as a leading global financial institution offering a wide range of services including banking, investing, asset management, and risk management products. It serves approximately 69 million consumer and small business clients in the United States with an extensive network of retail financial centers and ATMs.
The corporation also highlighted its status as a leader in wealth management and corporate investment banking globally. Bank of America Corporation's stock is listed on the New York Stock Exchange under the ticker BAC.
In its forward-looking statements disclaimer, Bank of America cautions that such statements are not guarantees of future performance and involve risks and uncertainties beyond their control. Investors are advised to consider these factors when making decisions based on forward-looking statements.
For further inquiries about this announcement, investors may contact Lee McEntire at 1.980.388.6780 or lee.mcentire@bofa.com, and Jonathan G. Blum at 1.212.449.3112 or jonathan.blum@bofa.com. Reporters can reach out to Jocelyn Seidenfeld at 1.646.743.3356 or jocelyn.seidenfeld@bofa.com.
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