Bank of America Announces Redemption of €2.0 Billion of Floating Rate Senior Notes, due February 7, 2022 & €1.25 Billion ...
22 Gennaio 2021 - 1:00PM
Business Wire
Bank of America Corporation announced today that it will redeem
on February 7, 2021 (i) all €2,000,000,000 principal amount
outstanding of its Floating Rate Senior Notes, due February 7, 2022
(ISIN: XS1560862580; Common Code: 156086258) (the "Floating Rate
Notes") and (ii) all €1,250,000,000 principal amount outstanding of
its 0.736% Fixed/Floating Rate Senior Notes, due February 7, 2022
(ISIN: XS1560863554; Common Code: 156086355) (the "Fixed/Floating
Rate Notes" and together with the Floating Rate Notes, the
"Notes").
Each series of the Notes was issued under the Bank of America
Corporation U.S.$65,000,000,000 Euro Medium-Term Note Program. The
redemption price for each series of 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 February 3,
2017), plus accrued and unpaid interest to, but excluding, the
redemption date of February 7, 2021. Since February 7, 2021 is not
a business day, the redemption price for each series of the Notes
will be paid on the next succeeding business day, February 8, 2021.
Interest on each series of the Notes will cease to accrue on the
redemption date.
Payment of the redemption price for each series of 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 each series of the Notes and Bank of America Europe DAC
(formerly known as Bank of America Merrill Lynch International DAC)
is the Registrar for each series of the Notes.
Bank of America Corporation will request the Financial Conduct
Authority to cancel the listing of each series of the Notes and the
London Stock Exchange plc to cancel the admission to trading of
each series of the Notes on or around the business day following
the redemption date.
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 2,700
lending centers, 2,600 financial centers with a Consumer Investment
Financial Solutions Advisor and approximately 2,400 business
centers; approximately 17,000 ATMs; and award-winning digital
banking with approximately 39 million active users, including
approximately 31 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, 2019, under Part II, Item 1A. “Risk Factors” in
our Quarterly Reports on Form 10-Q for the quarters ended March 31,
2020, June 30, 2020 and September 30, 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, visit the Bank of America newsroom. Click here to register for news email alerts.
www.bankofamerica.com
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version on businesswire.com: https://www.businesswire.com/news/home/20210122005017/en/
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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