Bank of America Announces Redemption of JPY 27,800,000,000 0.534% Fixed/Floating Rate Senior Notes, due March 18, 2027

Rhea-AI Summary

Bank of America (NYSE:BAC) will redeem on March 18, 2026 all outstanding JPY 27,800,000,000 principal of its 0.534% Fixed/Floating Rate Senior Notes due March 18, 2027 (ISIN XS1963076051).

The redemption price equals the Optional Redemption Amount of JPY 100,000,000 per JPY 100,000,000 Calculation Amount plus accrued interest to, but excluding, the redemption date. Interest on the notes will cease to accrue on the redemption date. Payments will be processed via Euroclear and Clearstream under customary procedures.

News Market Reaction – BAC

+0.32%

+0.32% Session close to close

In the Mar 3 session, BAC gained 0.32%, reflecting a mild positive 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., March 3, 2026 /PRNewswire/ -- Bank of America Corporation announced today that it will redeem on March 18, 2026 all JPY 27,800,000,000 principal amount outstanding of its 0.534% Fixed/Floating Rate Senior Notes, due March 18, 2027 (ISIN: XS1963076051; Common Code: 196307605; Series Number: 859) (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 JPY 100,000,000 per JPY 100,000,000 Calculation Amount (as specified in the applicable Pricing Supplement dated March 13, 2019), plus accrued and unpaid interest to, but excluding, the redemption date of March 18, 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

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

 

View original content to download multimedia:https://www.prnewswire.com/news-releases/bank-of-america-announces-redemption-of-jpy-27-800-000-000-0-534-fixedfloating-rate-senior-notes-due-march-18--2027--302702058.html

SOURCE Bank of America Corporation

FAQ

What is Bank of America (BAC) redeeming on March 18, 2026?

Bank of America will redeem JPY 27,800,000,000 of its 0.534% senior notes due March 18, 2027. According to Bank of America, the redemption price equals the Optional Redemption Amount per Calculation Amount plus accrued interest to, but excluding, March 18, 2026.

How will the March 18, 2026 redemption by BAC affect interest accrual on the notes?

Interest on the redeemed notes will stop accruing on the redemption date, March 18, 2026. According to Bank of America, accrued and unpaid interest will be paid up to, but excluding, the redemption date, and regular interest thereafter will not apply to the redeemed principal.

What redemption price will Bank of America (BAC) pay for the JPY notes on March 18, 2026?

The redemption price equals the Optional Redemption Amount of JPY 100,000,000 per JPY 100,000,000 Calculation Amount plus accrued interest. According to Bank of America, holders will receive that amount together with accrued and unpaid interest to, but excluding, the redemption date.

Which payment systems will be used for Bank of America’s JPY 27.8B note redemption (BAC)?

Payment will be made via Euroclear Bank and Clearstream Banking systems using applicable procedures. According to Bank of America, settlement and payment will follow the customary mechanics of Euroclear and Clearstream for the notes' redemption.

Who are the agent and registrar for the Bank of America (BAC) notes being redeemed?

Citibank, N.A., London Branch is the Principal Agent and Citibank Europe plc is the Registrar for the notes. According to Bank of America, these parties will administer the redemption and related registration tasks for the JPY 27.8 billion issue.