Bank of America Announces Redemption of Senior Notes
July 02 2020 - 4:10PM
Business Wire
Bank of America Corporation announced today that it will redeem
on July 21, 2020 all $1,000,000,000 principal amount outstanding of
its Floating Rate Senior Notes, due July 2021 (CUSIP No. 06051GGN3)
(the “Floating Rate Notes”), and all $2,500,000,000 principal
amount outstanding of its 2.369% Fixed/Floating Rate Senior Notes,
due July 2021 (CUSIP No. 06051GGP8) (the “Fixed/Floating Rate
Notes” and, together with the 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 July
21, 2020. 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
4,300 retail financial centers, including approximately 3,000
lending centers, 2,700 financial centers with a Consumer Investment
Financial Solutions Advisor and approximately 2,100 business
centers; approximately 16,900 ATMs; and award-winning digital
banking with approximately 39 million active users, including
approximately 30 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 owners 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, 2019, under Part II, Item 1A. “Risk Factors” in
our Quarterly Report on Form 10-Q for the quarter ended March 31,
2020 and in any of our other 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.
www.bankofamerica.com
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version on businesswire.com: https://www.businesswire.com/news/home/20200702005432/en/
Investors May Contact: Lee McEntire, Bank of America,
1.980.388.6780 lee.mcentire@bofa.com
Jonathan G. Blum, Bank of America (Fixed Income), 1.212.449.3112
jonathan.blum@bofa.com
Reporters May Contact: Jerry Dubrowski, Bank of America,
1.646.855.1195 (office) or 1.508.843.5626 (mobile)
jerome.f.dubrowski@bofa.com
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