Bank of America Announces Redemption of $2,000,000,000 4.827% Fixed/Floating Rate Senior Notes, Due July 2026

Rhea-AI Summary

Bank of America (NYSE:BAC) has announced the redemption of $2 billion in 4.827% Fixed/Floating Rate Senior Notes that were originally due in July 2026. The redemption will take place on July 22, 2025, with noteholders receiving 100% of the principal amount plus accrued and unpaid interest.

The company, serving approximately 69 million consumer and small business clients through 3,700 retail centers and 15,000 ATMs, will process the redemption through The Depository Trust Company, with The Bank of New York Mellon Trust Company, N.A. acting as trustee and paying agent.

Positive

• Early redemption of $2 billion in notes demonstrates strong liquidity position
• Full principal repayment at 100% shows financial stability

Negative

• Interest payments on notes will cease earlier than originally scheduled maturity

News Market Reaction – BAC

-1.95%

-1.95% Session move

In the trading session that priced this news, BAC declined 1.95%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

AI-generated analysis. How Rhea-AI works. Not financial advice.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

CHARLOTTE, N.C., July 14, 2025 /PRNewswire/ -- Bank of America Corporation announced today that it will redeem on July 22, 2025 all $2,000,000,000 principal amount outstanding of its 4.827% Fixed/Floating Rate Senior Notes, due July 2026 (CUSIP No. 06051GLA5) (the "Notes"), at a redemption price equal to 100% of the principal amount of the Notes, plus accrued and unpaid interest to, but excluding, the redemption date of July 22, 2025. Interest on 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 69 million consumer and small business clients with approximately 3,700 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 is listed on the New York Stock Exchange (NYSE: BAC).

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, 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.

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

View original content to download multimedia:https://www.prnewswire.com/news-releases/bank-of-america-announces-redemption-of-2-000-000-000-4-827-fixedfloating-rate-senior-notes-due-july-2026--302504408.html

SOURCE Bank of America Corporation

FAQ

When will Bank of America (BAC) redeem its 4.827% Fixed/Floating Rate Senior Notes?

Bank of America will redeem the notes on July 22, 2025, ahead of their original July 2026 maturity date.

How much is Bank of America (BAC) redeeming in Senior Notes?

Bank of America is redeeming $2 billion in principal amount of its 4.827% Fixed/Floating Rate Senior Notes.

What will noteholders receive in the BAC notes redemption?

Noteholders will receive 100% of the principal amount plus accrued and unpaid interest up to, but excluding, the July 22, 2025 redemption date.

Who is the trustee and paying agent for the BAC Senior Notes redemption?

The Bank of New York Mellon Trust Company, N.A. is serving as the trustee and paying agent for the notes.

How many retail financial centers does Bank of America operate?

Bank of America operates approximately 3,700 retail financial centers and serves about 69 million consumer and small business clients.