Bank of America Corporation announced today that it will redeem on July 23, 2023 all $500,000,000 principal amount outstanding of its Floating Rate Senior Notes, due July 2024 (CUSIP No. 06051GHK8) (the "Floating Rate Notes"), and all $2,500,000,000 principal amount outstanding of its 3.864% Fixed/Floating Rate Senior Notes, due July 2024 (CUSIP No. 06051GHL6) (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 23, 2023. Since July 23, 2023 is not a business day, the redemption price together with accrued and unpaid interest will be paid on the next succeeding business day, July 24, 2023. 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 approximately 68 million consumer and small business clients with approximately 3,900 retail financial centers, approximately 15,000 ATMs, and award-winning digital banking with approximately 56 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 3 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.