CHARLOTTE, N.C., Feb. 20,
2025 /PRNewswire/ -- Bank of America Corporation
announced today that it will redeem on March
24, 2025 all CAD550,000,000
principal amount outstanding of its 3.515% Fixed/Floating Rate
Senior Notes, due March 2026 (CUSIP
No. 060505FS8, ISIN: CA060505FS82) (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 March 24, 2025. 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
3,700 retail financial centers, approximately 15,000 ATMs
(automated teller machines) and award-winning digital banking with
approximately 58 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.
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:
Jocelyn Seidenfeld, Bank of
America
Phone: 1.646.743.3356
jocelyn.seidenfeld@bofa.com
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SOURCE Bank of America Corporation
