Brian Moynihan Chair of the Board and Chief Executive Officer | Bank of America
Brian Moynihan Chair of the Board and Chief Executive Officer | Bank of America
Bank of America Corporation announced its plan to redeem all €1.25 billion principal amount outstanding of its 0.808% Fixed/Floating Rate Senior Notes on May 9, 2025. These Notes were originally set to mature on May 9, 2026.
Issued under Bank of America's $65 billion Euro Medium-Term Note Program, the redemption price for the Notes will be equal to €1,000 per €1,000 Calculation Amount, in addition to accrued and unpaid interest up to, but not including, the redemption date. After this date, interest on the Notes will cease.
Payments will be processed according to procedures of Euroclear Bank SA/NV and Clearstream Banking, S.A. Citibank, N.A., London Branch acts as the Principal Agent, while Citibank Europe plc serves as the Registrar for the Notes.
Bank of America will request the Financial Conduct Authority (FCA) to remove the Notes from the Official List and the London Stock Exchange to cease trading them on the regulated market after redemption.
Bank of America operates globally, offering financial services to consumers, businesses, and governments. It has a significant presence in the U.S., with numerous retail centers and digital banking users. Its headquarters is in Charlotte, NC, and its stock is listed on the New York Stock Exchange.
The information in this announcement may contain forward-looking statements under the Private Securities Litigation Reform Act of 1995. These statements involve risks and uncertainties, and the corporation advises against placing undue reliance on them. Details of these risks can be found in the company's SEC filings.
For more information, investors can contact Lee McEntire or Jonathan G. Blum at Bank of America, and reporters can reach out to Jocelyn Seidenfeld.
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