Bank of America Corporation has announced its plan to redeem all €2,000,000,000 principal amount outstanding of its Floating Rate Senior Notes due September 22, 2026. The redemption will take place on September 22, 2025.
The notes were issued under the Bank of America Corporation U.S. $65 billion Euro Medium-Term Note Program. According to the company, the redemption price for the notes will be equal to the Optional Redemption Amount of €1,000 per €1,000 Calculation Amount as specified in the Final Terms dated September 20, 2021. This amount will also include accrued and unpaid interest up to but excluding the redemption date. Interest on these notes will stop accruing after that date.
Payment for the redeemed notes will follow procedures set by Euroclear Bank SA/NV and Clearstream Banking, S.A. Citibank, N.A., London Branch is acting as Principal Agent for these notes while Citibank Europe plc serves as Registrar.
Bank of America plans to request that the Financial Conduct Authority (FCA) cancel both the listing of these notes on its Official List and their admission to trading on the regulated market of the London Stock Exchange after redemption is completed.
“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, 2024 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.”
Bank of America describes itself as a leading global financial institution serving individuals, businesses large and small, corporations, governments, institutions worldwide with a broad range of banking and investment services. The company operates about 3,700 retail centers in the United States with approximately 15,000 ATMs and digital banking used by nearly 59 million verified users. Its stock trades publicly on NYSE under BAC.
For more information regarding this transaction or other investor inquiries at Bank of America Corporation contact Lee McEntire at lee.mcentire@bofa.com or Jonathan G. Blum at jonathan.blum@bofa.com; media inquiries can be directed to Jocelyn Seidenfeld at jocelyn.seidenfeld@bofa.com.