Bank of America Redemptions $2 Billion 1.53% Fixed/Floating Rate …

Bank of America just made a big announcement about a redemption plan for $2,000,000,000 in Fixed/Floating Rate Senior Notes due in December 2025. On December 6, 2024, the bank plans to redeem all outstanding principal on these notes, along with any accrued and unpaid interest up to that date. Interest on the notes will stop accruing on the redemption date.

If you’re holding these notes, don’t worry about picking up a check in person – the redemption price will be paid through The Depository Trust Company. The Bank of New York Mellon Trust Company, N.A. is the trustee and paying agent for these notes.

For those who aren’t as familiar with Bank of America, they’re a major player in the financial world. They provide a full suite of banking, investing, asset management, and other financial services to individual consumers, small and medium-sized businesses, and large corporations. With a focus on convenience, they serve around 69 million clients in the US with thousands of retail centers, ATMs, and digital banking options.

But as always, it’s important to tread carefully with forward-looking statements like these. While Bank of America is a giant in the industry, there are always risks and uncertainties to consider. Make sure to do your own research and take a look at their recent filings with the Securities and Exchange Commission for more insights.

For investors looking to learn more, you can reach out to Lee McEntire at Bank of America (phone: 1.980.388.6780) or Jonathan G. Blum for fixed income inquiries (phone: 1.212.449.3112).