Bank of America Corp
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Financials : Banks | Large Cap Blend
Company profile

Bank of America Corporation is a bank holding company and a financial holding company. The Company is a financial institution, serving individual consumers, small- and middle-market businesses, institutional investors, corporations and governments with a range of banking, investing, asset management and other financial and risk management products and services. The Company, through its banking and various non-bank subsidiaries, throughout the United States and in international markets, provides a range of banking and non-bank financial services and products through four business segments: Consumer Banking, which comprises Deposits and Consumer Lending; Global Wealth & Investment Management, which consists of two primary businesses: Merrill Lynch Global Wealth Management and Bank of America Private Bank; Global Banking, which provides a range of lending-related products and services; Global Markets, which offers sales and trading services and research services.

Postmarket

Last Trade
Delayed
$44.75
-0.14 (-0.31%)
Bid
--
Ask
--
B/A Size
--

Market Hours

Closing Price
$44.89
Day's Change
1.26 (2.89%)
Bid
--
Ask
--
B/A Size
--
Day's High
45.50
Day's Low
44.00
Volume
(Above Average)
Volume:
57,803,412

10-day average volume:
50,468,229
57,803,412

Bank of America Announces Redemptions of 2.503% Senior Notes Due October 2022 and Floating Rate Senior Notes Due October 2022

4:15 pm ET October 4, 2021 (PR Newswire) Print

Bank of America Corporation announced today that it will redeem on October 21, 2021 all $500,000,000 principal amount outstanding of its Floating Rate Senior Notes, due October 2022 (CUSIP No. 06051GFY0) (the "Floating Rate Notes"), and all $2,000,000,000 principal amount outstanding of its 2.503% Senior Notes, due October 2022 (CUSIP No. 06051GFZ7) (the "Fixed Rate Notes" and, together with the Floating Rate Notes, the "Senior Notes").

https://mma.prnewswire.com/media/1612970/Bank_of_America_Corporation_Logo.jpg

The redemption price for each series of the Senior Notes will be equal to 100% of the principal amount of such series, plus accrued and unpaid interest to, but excluding, the redemption date of October 21, 2021. Interest on each series of the Senior Notes will cease to accrue on the redemption date.

Payment of the redemption price for the Senior 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 Senior 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 66 million consumer and small business clients with approximately 4,300 retail financial centers, approximately 17,000 ATMs, and award-winning digital banking with approximately 41 million active users, including approximately 32 million mobile 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, 2020, 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. Click here to register for news email alerts.

www.bankofamerica.com

Investors May Contact:

Lee McEntire, Bank of AmericaPhone: 1.980.388.6780lee.mcentire@bofa.com

Jonathan G. Blum, Bank of America (Fixed Income)Phone: 1.212.449.3112jonathan.blum@bofa.com

Reporters May Contact:

Jerry Dubrowski, Bank of AmericaPhone: 1.646.855.1195 (office) or 1.508.843.5626 (mobile) jerome.f.dubrowski@bofa.com

Christopher P. Feeney, Bank of AmericaPhone: 1.980.386.6794christopher.feeney@bofa.com

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View original content to download multimedia:https://www.prnewswire.com/news-releases/bank-of-america-announces-redemptions-of-2-503-senior-notes-due-october-2022-and-floating-rate-senior-notes-due-october-2022--301392177.html

SOURCE Bank of America Corporation

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comtex tracking

COMTEX_394563333/1005/2021-10-04T16:15:14

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