Bank of America to Redeem €1.75 Billion Floating Rate Senior Notes

Bank of America Corporation has declared its plan to redeem all €1,750,000,000 principal amount of its Floating Rate Senior Notes, due March 10, 2027. The notes were initially issued under the Bank of America Corporation U.S. $85,000,000,000 Euro Medium-Term Note Program. The redemption price for the notes will be equivalent to the Optional Redemption Amount specified in the final terms dated March 5, 2025, plus any accrued and unpaid interest up to the redemption date of March 10, 2026. Interest on the notes will cease to accumulate post the redemption date.

The payment of the redemption price for the notes will adhere to the relevant procedures of Euroclear Bank SA/NV and Clearstream Banking, S.A. Citibank, N.A., London Branch, has been appointed as the Principal Agent for the Notes, with Citibank Europe plc serving as the Registrar for the Notes. Bank of America Corporation intends to seek the cancellation of the listing of the Notes on the Official List of the Financial Conduct Authority (FCA), as well as the termination of trading admissions on the regulated market of the Exchange, post the redemption date.

Bank of America stands as a leading global financial institution that caters to the needs of individual consumers, small and middle-market businesses, and large corporations. The company offers a diverse array of banking, investing, asset management, and other financial and risk management products and services. In the United States, Bank of America provides unparalleled convenience, rendering services to almost 70 million clients through roughly 3,600 retail financial centers, approximately 15,000 ATMs, and an award-winning digital banking platform with around 59 million verified digital users. Moreover, the company is recognized globally for its wealth management, corporate and investment banking, and trading services across various asset classes, catering to corporations, governments, institutions, and individuals worldwide.

Bank of America is a pioneer in offering industry-leading assistance to approximately 4 million small business households with its suite of innovative, user-friendly online products and services. The company extends its services to clients across the United States, its territories, and more than 35 countries. The stock of Bank of America Corporation (NYSE: BAC) is listed on the New York Stock Exchange.

It is essential to note that certain information provided in this announcement may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. While these statements do not guarantee future results or performance, they involve specific risks, uncertainties, and assumptions that are difficult to predict or may be beyond the company’s control. It is advised not to place undue reliance on any forward-looking statements.