Bank of America Announces Redemption of €1,750,000,000 Floating Rate Senior Notes, due March 10, 2027

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Bank of America (NYSE: BAC) will redeem on March 10, 2026 all outstanding €1,750,000,000 principal of its Floating Rate Senior Notes due March 10, 2027 (ISIN XS3019213654).

The redemption price is €1,000 per €1,000 Calculation Amount plus accrued and unpaid interest to, but excluding, the redemption date; interest will cease to accrue on that date. The company will request cancellation of the FCA listing and LSE admission as soon as practicable after redemption.

CHARLOTTE, N.C., March 2, 2026 /PRNewswire/ -- Bank of America Corporation announced today that it will redeem on March 10, 2026 all €1,750,000,000 principal amount outstanding of its Floating Rate Senior Notes, due March 10, 2027 (ISIN: XS3019213654; Common Code: 301921365) (the "Notes"). 

The Notes were issued under the Bank of America Corporation U.S. $85,000,000,000 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 March 5, 2025), plus accrued and unpaid interest to, but excluding, the redemption date of March 10, 2026. 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 nearly 70 million clients with approximately 3,600 retail financial centers, approximately 15,000 ATMs (automated teller machines) and award-winning digital banking with approximately 59 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.

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.

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, 2025 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.

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

FAQ

What is Bank of America (BAC) redeeming on March 10, 2026?

Bank of America is redeeming all outstanding €1,750,000,000 of its Floating Rate Senior Notes due March 10, 2027. According to the company, the redemption price is €1,000 per €1,000 Calculation Amount plus accrued interest to, but excluding, the redemption date.

How much will investors receive for each note in BAC's March 10, 2026 redemption?

Investors will receive €1,000 per €1,000 Calculation Amount plus accrued and unpaid interest. According to the company, interest will cease to accrue on the redemption date of March 10, 2026.

When do interest payments stop for the BAC notes being redeemed in 2026?

Interest on the redeemed notes stops accruing on March 10, 2026, the redemption date. According to the company, accrued and unpaid interest will be paid up to, but excluding, that date.

Will Bank of America (BAC) delist the redeemed notes from UK exchanges?

Bank of America will ask the FCA and London Stock Exchange to cancel the listing and admission to trading after redemption. According to the company, this will occur as soon as practicable following March 10, 2026.

Which agents administer the BAC €1,750,000,000 note redemption?

Citibank N.A., London Branch is the Principal Agent and Citibank Europe plc is the Registrar for the notes. According to the company, payment will follow Euroclear and Clearstream procedures.