Bank of America to redeem $2.8 billion at 1.658% fixed/floating rate

Bank of America has recently made an announcement regarding the redemption of $2.8 billion in senior notes. The Bank of America Corporation disclosed that it will redeem all remaining $2.8 billion in principal of its 1.658% Fixed/Floating Rate Senior Notes due in March 2027. The redemption will take place on March 11, 2026, and the price will equal 100% of the principal amount of the Notes, along with any accrued and unpaid interest up to the redemption date.

Interest on the Notes will stop accruing on the redemption date, and the redemption price will be facilitated through The Depository Trust Company. The Bank of New York Mellon Trust Company, N.A. acts as the trustee and paying agent for the Notes.

Bank of America is a prominent global financial institution that caters to a diverse clientele ranging from individual consumers to large corporations. It offers an extensive range of financial services, including banking, investing, asset management, and risk management products. With almost 70 million clients in the United States, Bank of America provides unmatched convenience through its 3,600 retail financial centers, 15,000 ATMs, and award-winning digital banking platform with approximately 59 million verified digital users.

Additionally, Bank of America is a leader in wealth management, corporate and investment banking, and trading across various asset classes, serving clients worldwide. The institution extends industry-leading support to around 4 million small business households through user-friendly online products and services. Operating in the United States, its territories, and over 35 countries, Bank of America Corporation’s stock is listed on the New York Stock Exchange under the symbol NYSE: BAC.

The news release emphasizes that certain information provided may constitute forward-looking statements as per the Private Securities Litigation Reform Act of 1995. These statements do not guarantee future results and may involve risks and uncertainties beyond the institution’s control. Investors are advised against placing undue reliance on any forward-looking statements and are urged to consider the uncertainties and risks outlined in the institution’s Annual Report on Form 10-K for the year ended December 31, 2025, and subsequent Securities and Exchange Commission filings. Forward-looking statements are valid only at the time of publication, and the institution assumes no obligation to update them to reflect any developments that may occur after their initial release.