Bank of America Corporation has announced its plan to redeem all CHF 375 million principal amount outstanding of its 0.2525% Senior Notes, due June 12, 2026. The redemption is set for June 12, 2025.
The Notes were issued under the Bank of America's U.S. $65 billion Euro Medium-Term Note Program. The redemption price will be equal to the Optional Redemption Amount of CHF 5,000 per CHF 5,000 Calculation Amount, as specified in the Pricing Supplement dated June 11, 2019. This amount will include accrued and unpaid interest up to but excluding the redemption date. Interest on these Notes will cease to accrue after this date.
Payments for the redemption will follow procedures established by SIX SIS AG. UBS AG acts as the Principal Swiss Paying Agent for these Notes following Credit Suisse AG's succession.
Trading on the SIX Swiss Exchange for these Notes will end on June 10, 2025.
Bank of America describes itself as a leading global financial institution serving a diverse range of clients with various banking and financial services. It operates extensively in the United States and over 35 countries worldwide. Its stock is listed on the New York Stock Exchange under BAC.
The company also highlighted that certain information in their release may include "forward-looking statements" subject to risks and uncertainties as defined by law.
For further inquiries about this announcement, investors can contact Lee McEntire or Jonathan G. Blum at Bank of America. Reporters are directed to reach out to Jocelyn Seidenfeld at Bank of America.