CHARLOTTE, N.C., Jan. 29,
2025 /PRNewswire/ -- Bank of America Corporation
announced today that it will redeem on February 13, 2025, all $1,500,000,000 principal amount outstanding of
its 2.015% Fixed/Floating Rate Senior Notes, due February 2026 (CUSIP No. 06051GHY8) (the
"Notes"), at a redemption price equal to 100% of the principal
amount of the Notes, plus accrued and unpaid interest to, but
excluding, the redemption date of February
13, 2025. Interest on the Notes will cease to accrue
on the redemption date.
Payment of the redemption price for the Notes will be made
through the facilities of The Depository Trust Company. The
Bank of New York Mellon Trust Company, N.A. is the trustee and
paying agent for the Notes.
Bank of America
Bank of America is one of the world's leading financial
institutions, serving individual consumers, small and middle-market
businesses and large corporations with a full range of banking,
investing, asset management and other financial and risk management
products and services. The company provides unmatched convenience
in the United States, serving
approximately 69 million consumer and small business clients with
3,700 retail financial centers, approximately 15,000 ATMs
(automated teller machines) and award-winning digital banking with
approximately 58 million verified digital users. Bank of America is
a global leader in wealth management, corporate and investment
banking and trading across a broad range of asset classes, serving
corporations, governments, institutions and individuals around the
world. Bank of America offers industry-leading support to
approximately 4 million small business households through a suite
of innovative, easy-to-use online products and services. The
company serves clients through operations across the United States, its territories and more
than 35 countries. Bank of America Corporation stock is listed on
the New York Stock Exchange (NYSE: BAC).
Forward-Looking Statements
Certain information contained in this news release may
constitute "forward-looking statements" within the meaning of the
Private Securities Litigation Reform Act of 1995. These
statements are not guarantees of future results or performance and
involve certain risks, uncertainties and assumptions difficult to
predict or beyond our control. You should not place undue
reliance on any forward-looking statement and should consider the
uncertainties and risks discussed under Item 1A. "Risk Factors" in
our Annual Report on Form 10-K for the year ended December 31, 2023, and in any of our subsequent
Securities and Exchange Commission filings. Forward-looking
statements speak only as of the date they are made, and we
undertake no obligation to update any forward-looking statement to
reflect the impact of circumstances or events that arise after the
date the forward-looking statement was made.
Investors May Contact:
Lee McEntire, Bank of America
Phone: 1.980.388.6780
lee.mcentire@bofa.com
Jonathan G. Blum, Bank of America
(Fixed Income)
Phone: 1.212.449.3112
jonathan.blum@bofa.com
Reporters May Contact:
Jocelyn Seidenfeld, Bank of America
Phone: 1.646.743.3356
jocelyn.seidenfeld@bofa.com
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SOURCE Bank of America Corporation
