CHARLOTTE, N.C., April 5,
2023 /PRNewswire/ -- Bank of America Corporation
announced today that it will redeem on April
25, 2023 all €2,000,000,000 principal amount outstanding of
its Floating Rate Senior Notes, due April
25, 2024 (ISIN: XS1811433983; Common Code: 181143398) (the "
Notes").
The Notes were issued under the Bank of America Corporation
U.S.$65,000,000,000 Euro Medium-Term
Note Program. The redemption price for the Notes will be
equal to the Optional Redemption Amount of €1,000 per €1,000
Calculation Amount (as specified in the applicable Final Terms
dated April 23, 2018), plus accrued
and unpaid interest to, but excluding, the redemption date of
April 25, 2023.
Payment of the redemption price for the Notes will be made in
accordance with the applicable procedures of Euroclear Bank SA/NV
and Clearstream Banking, S.A. Bank of America, N.A.
(operating through its London
Branch) is the Principal Agent for the Notes and Bank of America
Europe DAC (formerly known as Bank of America Merrill Lynch
International DAC, successor by merger to Bank of America Merrill
Lynch International Limited, Dublin branch, as successor to Merrill Lynch
Equity S.à r.l.) is the Registrar for the Notes.
Bank of America Corporation will request the Financial Conduct
Authority (the "FCA") to cancel the listing of the Notes on
the Official List of the FCA and the London Stock Exchange (the
"Exchange") to cancel the admission to trading on the
regulated market of the Exchange as soon as practicable after the
redemption date.
Forward-looking statements
Certain information contained in this press 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,
2022, 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.
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 67 million consumer and small business
clients with approximately 3,900 retail financial centers,
approximately 16,000 ATMs, and award-winning digital banking with
approximately 56 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 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.
For more Bank of America news, visit the Bank of America
newsroom and 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:
Bill Halldin, Bank of America
Phone: 1.916.724.0093
william.halldin@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
