Bank of America, N.A. Announces Redemptions of $2,000,000,000 5.526% Senior Bank Notes and $600,000,000 Floating Rate Senior Bank Notes, Due August 2026

Bank of America (NYSE:BAC) will redeem on July 17, 2026 all $2.0 billion of its 5.526% Senior Bank Notes and all $600 million of its Floating Rate Senior Bank Notes, both due August 2026.

Rhea-AI Summary

Bank of America (NYSE:BAC) will redeem on July 17, 2026 all $2.0 billion of its 5.526% Senior Bank Notes and all $600 million of its Floating Rate Senior Bank Notes, both due August 2026.

The notes will be redeemed at 100% of principal plus accrued and unpaid interest to, but excluding, the redemption date. Interest will stop accruing on July 17, 2026. Payments will be made through DTC, with Citibank as U.S. registrar and paying agent.

Positive

• Redemption of $2.6 billion senior bank notes at 100% of principal
• Removes August 2026 senior bank note maturities from near-term debt profile

Negative

• None.

Argus Jul 10 session

+0.71% close to close Open Argus

Details

News Market Reaction – BAC

On Jul 10, the first trading day after this news, BAC closed 0.71% above the previous close.

Data tracked by StockTitan Argus for the Jul 10 session.

Key Figures

Fixed Rate Notes principal: $2,000,000,000 Floating Rate Notes principal: $600,000,000 Coupon rate: 5.526% +5 more

Fixed Rate Notes principal

$2,000,000,000

5.526% Senior Bank Notes due August 2026 to be redeemed

Floating Rate Notes principal

$600,000,000

Floating Rate Senior Bank Notes due August 2026 to be redeemed

Coupon rate

5.526%

Senior Bank Notes due August 2026 referenced in redemption

Redemption price

100% of principal

Price for each series of Notes plus accrued interest

Redemption date

July 17, 2026

Date on which both series of Notes will be redeemed

U.S. clients served

nearly 70 million

Individual and business clients served in the United States

Retail financial centers

approximately 3,500

Retail financial centers in the United States

Verified digital users

approximately 59 million

Award‑winning digital banking platform users

Historical Context

5 past events · Latest: Jul 08

5 events

1. Jul 08

   Brand film release

   24h Move

   -2.6%

   Short film launch tied to Soccer with Us and youth initiatives.

2. Jun 30

   Earnings call notice

   24h Move

   -1.6%

   Scheduled second quarter 2026 results and investor conference call.

3. Jun 29

   Marketing promotion

   24h Move

   +0.0%

   Expansion of free BofA Fan Band program around FIFA World Cup.

4. Jun 24

   Charity partnership

   24h Move

   -0.3%

   Partnership with Street Child United for #IAmSomebody World Cup tour.

5. Jun 24

   Community programs

   24h Move

   -0.3%

   Expanded Museums on Us access and cultural program funding commitments.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

senior bank notes, floating rate notes, cusip, the depository trust company, +2 more

6 terms

senior bank notes financial

"it will redeem on July 17, 2026 all $2,000,000,000 principal amount outstanding of its 5.526% Senior Bank Notes, due August 2026"

Debt securities issued by a bank that rank above other obligations for repayment in case of bankruptcy or liquidation; they can take the form of bonds or promissory notes and carry specific terms for interest and maturity. Think of them like being earlier in line to get paid back if the issuer runs into trouble: that higher claim usually affects the interest rate and perceived safety, which matters to investors evaluating risk, return, and where these instruments sit in a bank’s capital structure.

floating rate notes financial

"and all $600,000,000 principal amount of its Floating Rate Senior Bank Notes, due August 2026"

Floating rate notes are debt securities that pay interest that adjusts periodically based on a short-term interest benchmark (for example, LIBOR or SOFR), so the cash interest you receive goes up or down with market rates. For investors they act like an adjustable-rate loan: they help protect income when overall interest rates rise and generally lose less value than fixed-rate bonds when rates move, making them useful for managing interest-rate risk.

cusip financial

"5.526% Senior Bank Notes, due August 2026 (CUSIP No. 06428CAA2)"

A CUSIP is a nine-character alphanumeric code that uniquely identifies a U.S. or Canadian financial security—such as a stock, bond, or fund share—like a Social Security number for an investment. It matters to investors because brokers, exchanges and record-keepers use the CUSIP to match trades, track ownership, settle transactions and pull accurate records, reducing errors and ensuring money and securities go to the right place.

View in glossary

the depository trust company technical

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

The Depository Trust Company is a large organization that safely manages and keeps electronic records of ownership for stocks, bonds, and other securities. It acts like a digital warehouse, making it easier and faster for investors to buy, sell, and transfer investments without needing physical paper certificates. This helps ensure transactions are secure, accurate, and completed smoothly.

registrar regulatory

"Citibank, N.A. is the U.S. registrar and paying agent for the Notes."

A registrar is the official record-keeper for a company’s shareholders, maintaining the list of who owns what shares, handling transfers, and processing updates like address changes and share issuance. Think of it like a town clerk for stock ownership: accurate records let investors receive dividends, vote at meetings, and complete trades without delay, so the registrar’s work directly affects an investor’s rights and the smooth functioning of equity transactions.

paying agent financial

"Citibank, N.A. is the U.S. registrar and paying agent for the Notes."

A paying agent is a bank or company that helps deliver payments, like interest or dividends, to investors. It’s like a trusted middleman who makes sure everyone gets their money on time, so investors don’t have to handle the details themselves.

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

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CHARLOTTE, N.C., July 9, 2026 /PRNewswire/ -- Bank of America, N.A. announced today that it will redeem on July 17, 2026 all $2,000,000,000 principal amount outstanding of its 5.526% Senior Bank Notes, due August 2026 (CUSIP No. 06428CAA2) (the "Fixed Rate Notes"), and all $600,000,000 principal amount of its Floating Rate Senior Bank Notes, due August 2026 (CUSIP No. 06428CAB0) (the "Floating Rate Notes" and, together with the Fixed 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 17, 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. Citibank, N.A. is the U.S. registrar 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 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. 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. Bank of America Corporation stock (NYSE: BAC) is listed on the New York Stock Exchange.

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-na-announces-redemptions-of-2-000-000-000-5-526-senior-bank-notes-and-600-000-000-floating-rate-senior-bank-notes-due-august-2026--302822223.html

SOURCE Bank of America Corporation

FAQ

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

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

Bank of America is redeeming $2.0 billion of 5.526% Senior Bank Notes and $600 million of Floating Rate Senior Bank Notes. According to Bank of America, both note series are due August 2026 and will be fully redeemed on July 17, 2026.

When is the Bank of America (BAC) senior bank note redemption date?

The redemption date for Bank of America’s senior bank notes is July 17, 2026. According to Bank of America, accrued and unpaid interest will be paid up to, but excluding, that date, and interest on both note series will cease to accrue on the redemption date.

At what price will Bank of America (BAC) redeem its August 2026 senior bank notes?

Bank of America will redeem both senior bank note series at 100% of their principal amount. According to Bank of America, holders will also receive accrued and unpaid interest to, but excluding, July 17, 2026, the scheduled redemption date for these August 2026 notes.

How much total principal is Bank of America (BAC) redeeming from its August 2026 notes?

Bank of America is redeeming a total of $2.6 billion in senior bank notes. According to Bank of America, this includes $2.0 billion of 5.526% Fixed Rate Senior Bank Notes and $600 million of Floating Rate Senior Bank Notes, both originally maturing in August 2026.

How will investors in Bank of America (BAC) senior bank notes receive the redemption payment?

Investors will receive their redemption payments through the facilities of The Depository Trust Company. According to Bank of America, Citibank serves as the U.S. registrar and paying agent, handling the distribution of principal and accrued interest on the July 17, 2026 redemption date.

What happens to interest after Bank of America (BAC) redeems its August 2026 senior bank notes?

Interest on the senior bank notes will stop accruing on July 17, 2026. According to Bank of America, noteholders receive interest accrued and unpaid up to, but excluding, that redemption date, after which no further interest will be payable on either note series.