Bank of America Corporation announced that it will redeem all outstanding principal of its JPY 27,800,000,000 0.534% Fixed/Floating Rate Senior Notes on March 18, 2026. These notes were originally set to mature on March 18, 2027.
The notes were issued as part of the company’s $65 billion Euro Medium-Term Note Program. According to Bank of America, the redemption price will match the Optional Redemption Amount of JPY 100,000,000 per JPY 100,000,000 Calculation Amount as detailed in the pricing supplement dated March 13, 2019. Accrued and unpaid interest will be included up to but not including the redemption date. Interest will stop accruing after March 18, 2026.
Payments for the redeemed notes will follow procedures established by Euroclear Bank SA/NV and Clearstream Banking S.A. Citibank, N.A., London Branch serves as Principal Agent for these notes while Citibank Europe plc is Registrar.
Bank of America describes itself as one of the world’s largest financial institutions with a range of services for individuals, businesses and large corporations. The company operates about 3,600 retail financial centers and nearly 15,000 ATMs across the United States and reports having approximately 59 million verified digital users. Its operations extend across more than 35 countries.
The company reminds readers that: “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, 2025 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 further inquiries from investors or reporters regarding this redemption announcement or other corporate matters at Bank of America Corporation, contact details for Lee McEntire (investor relations), Jonathan G. Blum (fixed income) and Jocelyn Seidenfeld (media) have been provided by the company.
