CHARLOTTE, N.C.--(BUSINESS WIRE)--Bank of America Corporation announced today that it will redeem on October 1, 2020, all $750,000,000 principal amount outstanding of its Floating Rate Senior Notes, due October 2021 (CUSIP No. 06051GGU7), and all $2,000,000,000 principal amount outstanding of its 2.328% Fixed/Floating Rate Senior Notes, due October 2021 (CUSIP No. 06051GGS2) (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 October 1, 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, 2,600 financial centers with a Consumer Investment Financial Solutions Advisor and approximately 2,200 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.
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