Bank of America Announces Redemption of $2,000,000,000 3.366% Fixed/Floating Rate Senior Notes, Due January 2026
Bank of America (NYSE: BAC) has announced the redemption of $2 billion in 3.366% Fixed/Floating Rate Senior Notes, originally due January 2026.
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Rhea-AI Summary
Bank of America (NYSE: BAC) has announced the redemption of $2 billion in 3.366% Fixed/Floating Rate Senior Notes, originally due January 2026. The redemption is scheduled for January 23, 2025, with payment to be made at 100% of the principal amount plus accrued and unpaid interest through The Depository Trust Company facilities.
The company, serving approximately 69 million consumer and small business clients, operates through roughly 3,700 retail financial centers and 15,000 ATMs across the United States. With approximately 58 million verified digital users, Bank of America provides comprehensive financial services including banking, investing, asset management, and risk management products. The institution supports about 4 million small business households and maintains operations in the United States, its territories, and more than 35 countries.
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News Market Reaction – BAC
The recorded move for BAC in the trading session of this news was +0.28%.
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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
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.
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
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