CHARLOTTE, N.C., Jan. 4, 2022 /PRNewswire/ -- Bank of America
Corporation announced today that it will redeem on January 20, 2022 all $1,500,000,000 principal amount outstanding of
its 3.124% Fixed/Floating Rate Senior Notes, due January 2023 (CUSIP No. 06051GGE3) (the
"Fixed/Floating Rate Notes"), and all $750,000,000 principal amount outstanding of its
Floating Rate Senior Notes, due January
2023 (CUSIP No. 06051GGH6) (the "Floating Rate Notes" and,
together with the Fixed/Floating Rate Notes, the "Senior
Notes").
The redemption price for each series of the Senior Notes will be
equal to 100% of the principal amount of such series, plus accrued
and unpaid interest to, but excluding, the redemption date of
January 20, 2022. Interest on
each series of the Senior Notes will cease to accrue on the
redemption date.
Payment of the redemption price for the Senior Notes will be
made through the facilities of The Depository Trust Company. The
Bank of New York Mellon Trust Company, N.A. is the trustee and
paying agent for the Senior 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 66 million consumer and small business clients with
approximately 4,200 retail financial centers, approximately 17,000
ATMs, and award-winning digital banking with approximately 41
million active users, including approximately 32 million mobile
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 3 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 approximately 35 countries. Bank
of America Corporation stock (NYSE: BAC) is listed on the New York
Stock Exchange.
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,
2020, 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, register for email news
alerts.
www.bankofamerica.com
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:
Jerry Dubrowski, Bank of
America
Phone: 1.646.855.1195 (office) or 1.508.843.5626 (mobile)
jerome.f.dubrowski@bofa.com
Christopher P. Feeney, Bank of
America
Phone: 1.980.386.6794
christopher.feeney@bofa.com
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SOURCE Bank of America Corporation