CHARLOTTE, N.C., July 6, 2023
/PRNewswire/ -- Bank of America Corporation announced today that it
will redeem on July 23, 2023 all
$500,000,000 principal amount
outstanding of its Floating Rate Senior Notes, due July 2024 (CUSIP No. 06051GHK8) (the "Floating
Rate Notes"), and all $2,500,000,000
principal amount outstanding of its 3.864% Fixed/Floating Rate
Senior Notes, due July 2024 (CUSIP
No. 06051GHL6) (the "Fixed/Floating Rate Notes" and, together with
the Floating Rate Notes, the "Notes").
The redemption price for each series of the Notes will be equal
to 100% of the principal amount of such series, plus accrued and
unpaid interest to, but excluding, the redemption date of
July 23, 2023. Since
July 23, 2023 is not a business day,
the redemption price together with accrued and unpaid interest will
be paid on the next succeeding business day, July 24, 2023. Interest on each series of
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 68 million consumer and small business clients with
approximately 3,900 retail financial centers, approximately 15,000
ATMs, and award-winning digital banking with approximately 56
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 3 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 (NYSE: BAC) is
listed on the New York Stock Exchange.
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,
2022, 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.
For more Bank of America news, including dividend announcements
and other important information, visit the Bank of America newsroom
and register for news email alerts.
www.bankofamerica.com
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:
Bill Halldin, Bank of America
Phone: 1.916.724.0093
william.halldin@bofa.com
Christopher P. Feeney, Bank of
America
Phone: 1.980.386.6794
christopher.feeney@bofa.com
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SOURCE Bank of America Corporation