CHARLOTTE, N.C., Aug. 16,
2024 /PRNewswire/ -- Bank of America Corporation
announced today that it will redeem on August 24, 2024 all €1,500,000,000 principal
amount outstanding of its Floating Rate Senior Notes, due
August 24, 2025 (ISIN: XS2345784057;
Common Code: 234578405) (the "Notes").
The Notes were issued under the Bank of America Corporation
U.S.$65,000,000,000 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 applicable Final Terms
dated May 20, 2021), plus accrued and
unpaid interest to, but excluding, the redemption date of
August 24, 2024. Since
August 24, 2024 is not a business
day, the redemption price for the Notes will be paid on the next
succeeding business day, August 27,
2024. Interest on the Notes will cease to accrue on the
redemption date.
Payment of the redemption price for the Notes will be made in
accordance with the applicable procedures of Euroclear Bank SA/NV
and Clearstream Banking, S.A.
Citibank, N.A., London Branch
is the Principal Agent for the Notes and Citibank Europe plc is the
Registrar for the Notes.
Bank of America Corporation will request the Financial Conduct
Authority (the "FCA") to cancel the listing of the Notes on the
Official List of the FCA and the London Stock Exchange (the
"Exchange") to cancel the admission to trading on the regulated
market of the Exchange as soon as practicable after the redemption
date.
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 69 million consumer and
small business clients with approximately 3,800 retail financial
centers, approximately 15,000 ATMs (automated teller machines) and
award-winning digital banking with approximately 58 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 4 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, 2023 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:
Jocelyn Seidenfeld, Bank
of America
Phone: 1.646.743.3356
jocelyn.seidenfeld@bofa.com
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SOURCE Bank of America Corporation