Bank of America Announces Redemption of $3,000,000,000 5.080% Fixed/Floating Rate Senior Notes, Due January 2027

Rhea-AI Summary

Bank of America (NYSE: BAC) announced it will redeem on January 20, 2026 the entire $3,000,000,000 principal amount of its 5.080% Fixed/Floating Rate Senior Notes due January 2027 (CUSIP 06051GLE7).

The redemption price is 100% of principal plus accrued and unpaid interest to, but excluding, the redemption date. Interest on the Notes will cease to accrue on the redemption date. Payment will be made through The Depository Trust Company, with The Bank of New York Mellon Trust Company, N.A. as trustee and paying agent.

News Market Reaction – BAC

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-1.18% News Effect

On the day this news was published, BAC declined 1.18%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

CHARLOTTE, N.C., Jan. 9, 2026 /PRNewswire/ -- Bank of America Corporation announced today that it will redeem on January 20, 2026 all $3,000,000,000 principal amount outstanding of its 5.080% Fixed/Floating Rate Senior Notes, due January 2027 (CUSIP No. 06051GLE7) (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 January 20, 2026. 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 nearly 70 million consumer and small business 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.

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.

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 being redeemed by Bank of America (BAC) on January 20, 2026?

Bank of America will redeem all $3,000,000,000 of its 5.080% Fixed/Floating Rate Senior Notes due January 2027 (CUSIP 06051GLE7).

At what price will BAC redeem the 5.080% senior notes due January 2027?

The notes will be redeemed at 100% of principal plus accrued and unpaid interest to, but excluding, January 20, 2026.

When does interest stop accruing on the redeemed BAC notes?

Interest on the notes will cease to accrue on the redemption date, January 20, 2026.

How will payment for the BAC note redemption be made?

Payment of the redemption price will be made through the facilities of The Depository Trust Company.

Who is the trustee and paying agent for the redeemed Bank of America notes?

The Bank of New York Mellon Trust Company, N.A. is acting as trustee and paying agent.