Bank of America Corporation has announced its plan to redeem all €2,000,000,000 principal amount outstanding of its Floating Rate Senior Notes due September 22, 2026. The redemption will take place on September 22, 2025.
The notes were issued under the company’s $65 billion Euro Medium-Term Note Program. According to the terms specified in the Final Terms dated September 20, 2021, the redemption price will be €1,000 per €1,000 Calculation Amount plus any accrued and unpaid interest up to but not including the redemption date. After this date, interest on the notes will no longer accrue.
Payments related to this redemption will follow procedures set by Euroclear Bank SA/NV and Clearstream Banking S.A. Citibank, N.A., London Branch is serving as Principal Agent for these notes while Citibank Europe plc acts as Registrar.
Following the redemption, Bank of America Corporation intends to request that the Financial Conduct Authority (FCA) remove these notes from its Official List and that the London Stock Exchange cancels their admission to trading on its regulated market as soon as possible after September 22, 2025.
“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 a wide range of clients including individuals, small businesses, large corporations and institutions across more than 35 countries. Its stock is listed on the New York Stock Exchange under BAC.
For further information regarding this announcement or investor inquiries:
Lee McEntire at Bank of America can be reached at 1.980.388.6780 or lee.mcentire@bofa.com.
Jonathan G. Blum (Fixed Income) is available at 1.212.449.3112 or jonathan.blum@bofa.com.
Media inquiries can be directed to Jocelyn Seidenfeld at 1.646.743.3356 or jocelyn.seidenfeld@bofa.com.
