Bank of America Corporation has announced it will redeem all €2,000,000,000 principal amount outstanding of its Floating Rate Senior Notes due September 22, 2026. The redemption is scheduled for September 22, 2025.
The notes were issued under the Bank of America Corporation U.S. $65 billion Euro Medium-Term Note Program. The redemption price will be equal to the Optional Redemption Amount of €1,000 per €1,000 Calculation Amount as specified in the Final Terms dated September 20, 2021. This amount will include accrued and unpaid interest up to but excluding the redemption date. Interest on these notes will stop accruing on the redemption date.
Redemption payments will follow procedures set by Euroclear Bank SA/NV and Clearstream Banking, S.A. Citibank, N.A., London Branch acts as Principal Agent for the notes while Citibank Europe plc serves as Registrar.
Following the redemption, Bank of America Corporation plans to request that the Financial Conduct Authority cancel the listing of these notes from its Official List and that the London Stock Exchange remove them from trading on its regulated market as soon as possible after the redemption date.
According to Bank of America: “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, 2024 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.”
Bank of America describes itself as one of the world’s leading financial institutions serving a wide range of clients including individuals, small businesses, middle-market companies, large corporations, governments and institutions across more than 35 countries.
