Bank of America Announces Redemption of CHF 375 Million of 0.2525% Senior Notes, Due June 12, 2026

Rhea-AI Summary

Bank of America (NYSE: BAC) has announced the redemption of CHF 375 million (Swiss Francs) of its 0.2525% Senior Notes, originally due June 12, 2026. The redemption will take place on June 12, 2025, with the redemption price set at CHF 5,000 per CHF 5,000 Calculation Amount, plus accrued and unpaid interest. The Notes were issued under BAC's U.S. $65 billion Euro Medium-Term Note Program.

The last trading day for these Notes on the SIX Swiss Exchange will be June 10, 2025. UBS AG, which succeeded Credit Suisse AG, will serve as the Principal Swiss Paying Agent for the Notes. The redemption payment will be processed through SIX SIS AG procedures.

Positive

• Early redemption of debt indicates strong financial position and liquidity
• Demonstrates active management of debt obligations and financial flexibility

Negative

• None.

News Market Reaction – BAC

-0.25%

-0.25% Session move

In the trading session that priced this news, BAC declined 0.25%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

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CHARLOTTE, N.C., May 23, 2025 /PRNewswire/ -- Bank of America Corporation announced today that it will redeem on June 12, 2025 all CHF 375,000,000 principal amount outstanding of its 0.2525% Senior Notes, due June 12, 2026 (ISIN: CH0474977722; Common Code: 200733517) (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 CHF 5,000 per CHF 5,000 Calculation Amount (as specified in the applicable Pricing Supplement dated June 11, 2019), plus accrued and unpaid interest to, but excluding, the redemption date of June 12, 2025. 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 SIX SIS AG.

UBS AG, as successor to Credit Suisse AG, is the Principal Swiss Paying Agent for the Notes.

The last day of trading of the Notes on the SIX Swiss Exchange will be June 10, 2025.

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).

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, 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

View original content to download multimedia:https://www.prnewswire.com/news-releases/bank-of-america-announces-redemption-of-chf-375-million-of-0-2525-senior-notes-due-june-12--2026--302463325.html

SOURCE Bank of America Corporation

FAQ

What is the redemption amount for Bank of America's (BAC) Swiss Franc Notes?

Bank of America is redeeming CHF 375 million of 0.2525% Senior Notes at CHF 5,000 per CHF 5,000 Calculation Amount, plus accrued and unpaid interest.

When will Bank of America (BAC) redeem its Swiss Franc Senior Notes?

Bank of America will redeem the Notes on June 12, 2025, with the last trading day on the SIX Swiss Exchange being June 10, 2025.

Who is the Principal Swiss Paying Agent for BAC's Senior Notes redemption?

UBS AG, as successor to Credit Suisse AG, is serving as the Principal Swiss Paying Agent for the Notes.

What was the original maturity date of Bank of America's Swiss Franc Notes?

The Senior Notes were originally due to mature on June 12, 2026, but are being redeemed one year early.