CHARLOTTE, N.C., May 18, 2023
/PRNewswire/ -- Bank of America Corporation announced today that it
will redeem on May 28, 2023 all
$1,250,000,000 principal amount
outstanding of its Floating Rate Senior Notes, due May 2024 (CUSIP No. 06051GJX8) (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 28,
2023. Since May 28, 2023 is not
a business day, the redemption price together with accrued and
unpaid interest will be paid on the next succeeding business day,
May 30, 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 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