CHARLOTTE, N.C., March 22,
2024 /PRNewswire/ -- Bank of America Corporation
announced today that it will redeem on April
25, 2024 all CAD1,000,000,000
principal amount outstanding of its 2.932% Fixed/Floating Rate
Senior Notes, due April 2025 (CUSIP
No. 060505FM1, ISIN: CA060505FM13) (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 April 25, 2024. Interest on
the Notes will cease to accrue on the redemption date.
Payment of the redemption price for the Notes will be made in
accordance with the applicable procedures of CDS Clearing and
Depository Services Inc. The Bank of New York Mellon Trust Company,
N.A. is the trustee and BNY Trust Company of Canada is the 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 69 million consumer and small business clients with
approximately 3,800 retail financial centers, approximately 15,000
ATMs (automated teller machines) and award-winning digital banking
with approximately 57 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 4 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 is listed on the New York Stock Exchange
(NYSE: BAC).
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, 2023 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 the 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
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SOURCE Bank of America Corporation