Bank of America Corporation has announced it will redeem the entire €2,000,000,000 principal amount outstanding of its Floating Rate Senior Notes due September 22, 2026. The redemption is scheduled for September 22, 2025.
The notes were issued under Bank of America’s $65 billion Euro Medium-Term Note Program. The redemption price will be set at €1,000 per €1,000 Calculation Amount as specified in the Final Terms dated September 20, 2021. This amount will include any accrued and unpaid interest up to but not including the redemption date. Interest on these notes will stop accruing on that date.
Redemption payments will follow procedures established by Euroclear Bank SA/NV and Clearstream Banking, S.A. Citibank, N.A., London Branch acts as Principal Agent for the notes while Citibank Europe plc serves as Registrar.
Following redemption, Bank of America plans to request the Financial Conduct Authority (FCA) to cancel both the listing of these notes on the FCA’s Official List and their admission to trading on the regulated market of the London Stock Exchange.
“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, 2024 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.”
Bank of America serves individual consumers as well as businesses ranging from small enterprises to large corporations with a variety of financial products and services across more than 35 countries.
For investor inquiries regarding this transaction, Lee McEntire (lee.mcentire@bofa.com) can be contacted at +1-980-388-6780; Jonathan G. Blum (jonathan.blum@bofa.com) at +1-212-449-3112; media inquiries can be directed to Jocelyn Seidenfeld (jocelyn.seidenfeld@bofa.com) at +1-646-743-3356.
