CHARLOTTE, N.C., May 10, 2023
/PRNewswire/ -- Bank of America Corporation announced today that it
will redeem on May 19, 2023 all
$1,000,000,000 principal amount
outstanding of its 1.486% Fixed/Floating Rate Senior Notes, due
May 2024 (CUSIP No. 06051GJC4) (the
"Notes"), at a redemption price equal to 100% of the principal
amount of the Notes, plus accrued and unpaid interest to, but
excluding, the redemption date of May
19, 2023. Interest on 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.
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,
2022, 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:
Bill Halldin, Bank of America
Phone: 1.916.724.0093
william.halldin@bofa.com
Christopher P. Feeney, Bank of
America
Phone: 1.980.386.6794
christopher.feeney@bofa.com
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SOURCE Bank of America Corporation