CHARLOTTE, N.C., Dec. 5, 2022
/PRNewswire/ -- Bank of America Corporation announced today that it
will redeem on December 20, 2022 all
$6,000,000,000 principal amount
outstanding of its 3.004% Fixed/Floating Rate Senior Notes, due
2023 (CUSIP Nos. 06051GHC6, 06051GGV5 and U0R8A1AA5) (the
"Notes").
The redemption price for the Notes will be equal to 100% of the
principal amount of the Notes, plus accrued and unpaid interest to,
but excluding, the redemption date of December 20, 2022. 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 68
million consumer and small business clients with approximately
3,900 retail financial centers, approximately 16,000 ATMs and
award-winning digital banking with approximately 56 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 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, 2021, 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:
Bill
Halldin, Bank of America
Phone: 1.916.718.1251
william.halldin@bofa.com
Christopher P. Feeney, Bank of
America
Phone: 1.980.386.6794
christopher.feeney@bofa.com
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SOURCE Bank of America Corporation