Bank of America Corporation announced that it will redeem all €1,750,000,000 principal amount outstanding of its 1.949% Fixed/Floating Rate Senior Notes, due October 27, 2026, on October 27, 2025. The notes, identified by ISIN: XS2462324232 and Common Code: 246232423, were issued under the Bank of America Corporation U.S. $65 billion Euro Medium-Term Note Program.
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 April 22, 2022. Accrued and unpaid interest will be paid up to but excluding the redemption date of October 27, 2025. Interest will not accrue on the notes after the redemption date.
Payment will be made following 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 and Citibank Europe plc is the Registrar.
Bank of America Corporation will ask the Financial Conduct Authority (FCA) to cancel the listing of the notes on the Official List of the FCA and request that the London Stock Exchange cancel their admission to trading on its regulated market as soon as possible after the redemption date.
"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 serves nearly 70 million consumer and small business clients in the United States through approximately 3,600 retail financial centers and about 15,000 ATMs. The company also has around 59 million verified digital users and operates in more than 35 countries. Its stock is listed on the New York Stock Exchange under the symbol BAC.
For further information, 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 may contact Jocelyn Seidenfeld at 1.646.743.3356 or jocelyn.seidenfeld@bofa.com.