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Bank of America Announces Redemption of $2,000,000,000 0.981% Fixed/Floating Rate Senior Notes, Due September 2025

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Bank of America (NYSE: BAC) has announced the redemption of $2 billion in 0.981% Fixed/Floating Rate Senior Notes, due September 2025. The redemption is scheduled for September 25, 2024, with noteholders receiving 100% of the principal amount plus accrued interest. This move demonstrates BAC's proactive management of its debt obligations.

As one of the world's leading financial institutions, Bank of America serves approximately 69 million consumer and small business clients in the US through its extensive network of 3,800 retail financial centers and 15,000 ATMs. The bank also boasts a strong digital presence with 58 million verified digital users. Globally, BAC is a leader in wealth management, corporate and investment banking, and trading across various asset classes.

Bank of America (NYSE: BAC) ha annunciato il riscatto di 2 miliardi di dollari in Note Senior a Tasso Fisso/Variabile dello 0,981%, in scadenza a settembre 2025. Il riscatto è programmato per il 25 settembre 2024, con i detentori delle note che riceveranno il 100% dell'importo principale più gli interessi maturati. Questa mossa dimostra la gestione proattiva degli obblighi di debito da parte di BAC.

Come una delle principali istituzioni finanziarie del mondo, Bank of America serve circa 69 milioni di clienti al consumo e piccole imprese negli Stati Uniti attraverso la sua vasta rete di 3.800 centri finanziari al dettaglio e 15.000 sportelli automatici. La banca vanta anche una forte presenza digitale con 58 milioni di utenti digitali verificati. A livello globale, BAC è un leader nella gestione patrimoniale, nella banca d'affari e negli investimenti, nonché nel trading attraverso varie classi di attivi.

Bank of America (NYSE: BAC) ha anunciado el rescate de 2 mil millones de dólares en Notas Senior de Tasa Fija/Variable del 0,981%, con vencimiento en septiembre de 2025. El rescate está programado para el 25 de septiembre de 2024, y los tenedores de notas recibirán el 100% del monto principal más los intereses acumulados. Este movimiento demuestra la gestión proactiva de BAC respecto a sus obligaciones de deuda.

Como una de las instituciones financieras líderes en el mundo, Bank of America atiende a aproximadamente 69 millones de clientes consumidores y pequeñas empresas en los EE. UU. a través de su extensa red de 3,800 centros financieros minoristas y 15,000 cajeros automáticos. La banca también cuenta con una sólida presencia digital con 58 millones de usuarios digitales verificados. A nivel global, BAC es un líder en gestión de patrimonios, banca corporativa e inversión, y negociación en diversas clases de activos.

뱅크 오브 아메리카 (NYSE: BAC)는 2025년 9월 만기 예정인 0.981% 고정/변동 금리 시니어 노트 20억 달러의 상환을 발표했습니다. 상환은 2024년 9월 25일로 예정되어 있으며, 노트 보유자는 원금의 100%와 발생한 이자를 받을 것입니다. 이 움직임은 BAC의 적극적인 부채 관리 방식을 보여 줍니다.

세계 최고의 금융 기관 중 하나인 뱅크 오브 아메리카는 미국 내 약 6천900만 명의 소비자 및 소기업 고객에게 3,800개의 소매 금융 센터15,000개의 ATM을 통해 서비스를 제공합니다. 이 은행은 또한 5천800만 명의 인증된 디지털 사용자를 보유하고 있어 강력한 디지털 존재감을 자랑합니다. 전 세계적으로 BAC는 자산 관리, 기업 및 투자 은행업, 다양한 자산 클래스에서의 거래에서 선두주자입니다.

Bank of America (NYSE: BAC) a annoncé le rachat de 2 milliards de dollars d'Obligations Senior à Taux Fixe/Variable à 0,981%, arrivant à échéance en septembre 2025. Le rachat est prévu pour le 25 septembre 2024, avec les détenteurs des obligations recevant 100 % du montant principal ainsi que les intérêts courus. Ce mouvement démontre la gestion proactive des obligations de dette par BAC.

En tant qu'une des principales institutions financières au monde, Bank of America sert environ 69 millions de clients consommateurs et petites entreprises aux États-Unis via son réseau étendu de 3 800 centres financiers de détail et 15 000 distributeurs automatiques. La banque possède également une solide présence numérique avec 58 millions d'utilisateurs numériques vérifiés. À l'échelle mondiale, BAC est un leader dans la gestion de patrimoine, la banque d'entreprise et d'investissement, ainsi que dans le trading à travers différentes classes d'actifs.

Bank of America (NYSE: BAC) hat die Rückzahlung von 2 Milliarden US-Dollar in 0,981% Fest-/Variabelzins Anleihen mit Fälligkeit im September 2025 angekündigt. Die Rückzahlung ist für den 25. September 2024 geplant, wobei die Anleihebesitzer 100% des Nennbetrags zuzüglich aufgelaufener Zinsen erhalten. Dieser Schritt zeigt das proaktive Schuldenmanagement von BAC.

Als eine der führenden Finanzinstitute der Welt betreut die Bank of America etwa 69 Millionen Verbraucher- und Kleinunternehmenskunden in den USA über ihr umfangreiches Netzwerk von 3.800 Filialen und 15.000 Geldautomaten. Die Bank verfügt auch über eine starke digitale Präsenz mit 58 Millionen verifizierten digitalen Nutzern. Global ist BAC ein Marktführer im Bereich Vermögensverwaltung, Unternehmens- und Investmentbanking sowie im Handel mit verschiedenen Anlageklassen.

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CHARLOTTE, N.C., Sept. 17, 2024 /PRNewswire/ -- Bank of America Corporation announced today that it will redeem on September 25, 2024, all $2,000,000,000 principal amount outstanding of its 0.981% Fixed/Floating Rate Senior Notes, due September 2025 (CUSIP No. 06051GJG5) (the "Notes"), at a redemption price equal to 100% of the principal amount of the Notes, plus accrued and unpaid interest to, but excluding, the redemption date of September 25, 2024.  Interest on the Notes will cease to accrue on the redemption date.

Payment of the redemption price for the 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 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 69 million consumer and small business clients with approximately 3,800 retail financial centers, approximately 15,000 ATMs (automated teller machines) and award-winning digital banking with approximately 58 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 4 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 more than 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, 2023, 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 and register for news email 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:

Jocelyn Seidenfeld, Bank of America
Phone: 1.646.743.3356
jocelyn.seidenfeld@bofa.com

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/bank-of-america-announces-redemption-of-2-000-000-000-0-981-fixedfloating-rate-senior-notes-due-september-2025--302250515.html

SOURCE Bank of America Corporation

FAQ

What is the redemption amount for Bank of America's 0.981% Fixed/Floating Rate Senior Notes (BAC)?

Bank of America (BAC) is redeeming $2,000,000,000 principal amount of its 0.981% Fixed/Floating Rate Senior Notes, due September 2025.

When will Bank of America (BAC) redeem its 0.981% Fixed/Floating Rate Senior Notes?

Bank of America (BAC) will redeem the notes on September 25, 2024.

What is the redemption price for Bank of America's (BAC) 0.981% Fixed/Floating Rate Senior Notes?

The redemption price is 100% of the principal amount of the Notes, plus accrued and unpaid interest to, but excluding, the redemption date of September 25, 2024.

How many retail financial centers does Bank of America (BAC) operate in the United States?

Bank of America (BAC) operates approximately 3,800 retail financial centers in the United States.

How many verified digital users does Bank of America (BAC) have?

Bank of America (BAC) has approximately 58 million verified digital users.

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