Bank of America Corporation has announced its decision to redeem all €1.25 billion of its outstanding 0.808% Fixed/Floating Rate Senior Notes on May 9, 2025. These notes, originally due in 2026, were issued under the company's $65 billion Euro Medium-Term Note Program as specified under ISIN: XS1991265478 and Common Code: 199126547.
The company stated that the redemption price will match the Optional Redemption Amount of €1,000 per €1,000 Calculation Amount, as outlined in the Final Terms dated May 8, 2019, along with any accrued and unpaid interest up to, but not including, the redemption date. After May 9, 2025, interest on these notes will no longer accrue.
The redemption process will adhere to the procedures set by Euroclear Bank SA/NV and Clearstream Banking, S.A. Citibank, N.A., London Branch, serves as the Principal Agent for the notes, while Citibank Europe plc is the Registrar.
Bank of America will also request the Financial Conduct Authority to delist the notes from the Official List and cancel their admission to trading on the London Stock Exchange's regulated market post-redemption.
Bank of America is recognized as a leading financial institution globally, servicing various client needs across individual consumers, small businesses, and large corporations. The company is known for its vast network of operations and services across the United States and over 35 other countries, with its stock being listed on the New York Stock Exchange.
In the press release, they included a disclaimer about forward-looking statements under the Private Securities Litigation Reform Act of 1995. These statements are subject to risks and uncertainties and are not promises of future results or performance.
For further inquiries, investors can reach out to Lee McEntire or Jonathan G. Blum, and reporters can contact Jocelyn Seidenfeld, all at Bank of America.