Bank of America Announces Redemption of Senior Notes
07 Gennaio 2021 - 10:15PM
Business Wire
Bank of America Corporation announced today that it will redeem
on January 23, 2021 all $500,000,000 principal amount outstanding
of its Floating Rate Senior Notes, due January 2022 (CUSIP No.
06051GGX1) (the “Floating Rate Notes”), and all $1,500,000,000
principal amount outstanding of its 2.738% Fixed/Floating Rate
Senior Notes, due January 2022 (CUSIP No. 06051GGY9) (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
January 23, 2021. Since January 23, 2021 is not a business day, the
redemption price for each series of the Senior Notes will be paid
on the next succeeding business day, January 25, 2021. 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 2,900
lending centers, 2,500 financial centers with a Consumer Investment
Financial Solutions Advisor and 2,300 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 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 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/20210107005596/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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