Bank of America Announces Redemptions of $400,000,000 Floating Rate Senior Notes and $5,750,000,000 1.734% Fixed/Floating Rate Senior Notes, Due July 2027

Bank of America (NYSE: BAC) announced it will redeem on July 22, 2026 all $400,000,000 Floating Rate Senior Notes due July 2027 and all $5,750,000,000 1.734% Fixed/Floating Rate Senior Notes due July 2027.

Rhea-AI Summary

Bank of America (NYSE: BAC) announced it will redeem on July 22, 2026 all $400,000,000 Floating Rate Senior Notes due July 2027 and all $5,750,000,000 1.734% Fixed/Floating Rate Senior Notes due July 2027.

According to Bank of America, each series will be redeemed at 100% of principal plus accrued and unpaid interest to, but excluding, the redemption date. Interest will stop accruing on July 22, 2026. Payments will be made 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 $6.15 billion senior notes on July 22, 2026
• Redemption at 100% of principal plus accrued and unpaid interest
• Clear redemption mechanics via DTC and established trustee/paying agent

Negative

• Principal repayments totaling $6.15 billion due on July 22, 2026
• Interest on the redeemed notes will cease after July 22, 2026 for noteholders

Argus Jul 15 session

+1.60% close to close Open Argus

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News Market Reaction – BAC

On Jul 15, the first trading day after this news, BAC closed 1.60% above the previous close.

Data tracked by StockTitan Argus for the Jul 15 session.

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CHARLOTTE, N.C., July 14, 2026 /PRNewswire/ -- Bank of America Corporation announced today that it will redeem on July 22, 2026 all $400,000,000 principal amount outstanding of its Floating Rate Senior Notes, due July 2027 (CUSIP No. 06051GJV2) (the "Floating Rate Notes"), and all $5,750,000,000 principal amount outstanding of its 1.734% Fixed/Floating Rate Senior Notes, due July 2027 (CUSIP No. 06051GJS9) (the "Fixed/Floating Rate Notes" and, together with the Floating Rate Notes, the "Notes").

The redemption price for each series of the Notes will be equal to 100% of the principal amount of such series, plus accrued and unpaid interest to, but excluding, the redemption date of July 22, 2026. Interest on each series of 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 clients with approximately 3,500 retail financial centers, approximately 15,000 ATMs (automated teller machines) and award-winning digital banking with approximately 60 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. As the #1 small business lender in the United States (FDIC), 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 and/or jurisdictions. 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, 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

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SOURCE Bank of America Corporation

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What senior notes is Bank of America (BAC) redeeming in July 2026?

Bank of America plans to redeem all $400 million Floating Rate Senior Notes and all $5.75 billion 1.734% Fixed/Floating Rate Senior Notes, both due July 2027. According to Bank of America, the redemption date for both series is July 22, 2026.

What is the redemption price for Bank of America’s BAC senior notes due July 2027?

The redemption price equals 100% of principal for each note series, plus accrued and unpaid interest to, but excluding, July 22, 2026. According to Bank of America, this applies to both the floating rate and 1.734% fixed/floating rate notes.

When will interest stop accruing on Bank of America (BAC) notes redeemed in 2026?

Interest on each series of the notes will cease to accrue on the July 22, 2026 redemption date. According to Bank of America, investors receive interest only up to, but excluding, that date as part of the redemption payment.

How will Bank of America’s BAC note redemption payments be processed?

Redemption payments will be made through the facilities of The Depository Trust Company. According to Bank of America, The Bank of New York Mellon Trust Company, N.A. serves as trustee and paying agent for both the floating rate and fixed/floating rate senior notes.

What is the total principal amount of Bank of America (BAC) notes being redeemed?

Bank of America will redeem a total principal of $6.15 billion, including $400 million floating rate notes and $5.75 billion 1.734% fixed/floating rate notes. According to Bank of America, both series mature in July 2027 but will be redeemed in July 2026.