Bank of America Announces Redemptions of $500,000,000 Floating Rate Senior Notes and $1,500,000,000 5.933% Fixed/Floating Rate Senior Notes, Due September 2027

Bank of America will fully redeem $2.0 billion of senior notes at par plus accrued interest in September 2026, retiring 2027 maturities early.

Rhea-AI Summary

Bank of America (BAC) will redeem $2.0 billion of senior notes on September 15, 2026.

The redemption covers all $500,000,000 Floating Rate Senior Notes due September 2027 and all $1,500,000,000 5.933% Fixed/Floating Rate Senior Notes due September 2027. Each series will be redeemed at 100% of principal plus accrued and unpaid interest to, but excluding, the redemption date, after which interest will stop accruing. Payment 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 2027 notes retires $2.0 billion of senior debt on September 15, 2026
• Both note series redeemed at 100% of principal plus accrued interest, with interest ceasing after the redemption date

Negative

• None.

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

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CHARLOTTE, N.C., Sept. 4, 2026 /PRNewswire/ -- Bank of America Corporation announced today that it will redeem on September 15, 2026 all $500,000,000 principal amount outstanding of its Floating Rate Senior Notes, due September 2027 (CUSIP No. 06051GLX5) (the "Floating Rate Notes"), and all $1,500,000,000 principal amount outstanding of its 5.933% Fixed/Floating Rate Senior Notes, due September 2027 (CUSIP No. 06051GLV9) (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 September 15, 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 more than 69 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.

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

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SOURCE Bank of America Corporation

FAQ

What did Bank of America (BAC) announce about its senior notes due September 2027?

Bank of America announced it will redeem all of its senior notes due September 2027, consisting of $500,000,000 Floating Rate Senior Notes and $1,500,000,000 5.933% Fixed/Floating Rate Senior Notes, on September 15, 2026.

How much of Bank of America’s BAC senior debt is being redeemed in September 2026?

The company will redeem a total of $2.0 billion of senior notes in September 2026: $500,000,000 Floating Rate Senior Notes and $1,500,000,000 5.933% Fixed/Floating Rate Senior Notes, both originally due in September 2027.

What is the redemption price for Bank of America (BAC) senior notes being redeemed on September 15, 2026?

Each series will be redeemed at a price equal to 100% of the principal amount of the notes, plus accrued and unpaid interest to, but excluding, the redemption date of September 15, 2026.

When will interest stop accruing on the Bank of America BAC notes being redeemed?

Interest on each series of the notes will cease to accrue on the redemption date of September 15, 2026. After that date, holders will no longer earn interest on the redeemed notes.

How will payment for the redeemed Bank of America (BAC) notes be made to holders?

Payment of the redemption price for the notes will be made through the facilities of The Depository Trust Company, with The Bank of New York Mellon Trust Company, N.A. serving as trustee and paying agent.