Bank of America Corporation announced it will redeem all €1.75 billion in outstanding Floating Rate Senior Notes, due March 10, 2027, on March 10, 2026. The notes were issued under the company’s $85 billion Euro Medium-Term Note Program.
The redemption price for the notes will be set at €1,000 per €1,000 calculation amount as specified in the final terms dated March 5, 2025. This amount will include any accrued and unpaid interest up to but not including the redemption date. After this date, interest on the notes will no longer accrue.
Payments for redeemed notes will follow procedures established by Euroclear Bank SA/NV and Clearstream Banking S.A. Citibank, N.A., London Branch serves as principal agent for these notes while Citibank Europe plc acts as registrar.
Following redemption, Bank of America intends to request that the Financial Conduct Authority (FCA) cancel both the listing of these notes on its Official List and their admission to trading on the regulated market of the London Stock Exchange as soon as possible after March 10, 2026.
Bank of America is one of the largest financial institutions globally. It provides banking, investing, asset management and risk management services to individuals and businesses. In the United States alone it serves nearly 70 million clients through approximately 3,600 retail centers and about 15,000 ATMs. Its digital banking platform has around 59 million verified users. The company also supports about four million small business households with online products and services and operates in more than 35 countries worldwide.
The corporation’s stock is listed on the New York Stock Exchange under BAC.
A statement included in today’s announcement reads: “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, 2025 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.”
Investors seeking further information can contact Lee McEntire at Bank of America by phone at +1-980-388-6780 or via email at lee.mcentire@bofa.com; Jonathan G. Blum (Fixed Income) can be reached at +1-212-449-3112 or jonathan.blum@bofa.com.
Reporters may contact Jocelyn Seidenfeld at +1-646-743-3356 or jocelyn.seidenfeld@bofa.com.
