Bank of America Corporation announced it will redeem all outstanding JPY 27,800,000,000 principal amount of its 0.534% Fixed/Floating Rate Senior Notes due March 18, 2027. The redemption will take place on March 18, 2026.
The notes were originally issued under the company’s $65 billion Euro Medium-Term Note Program. According to Bank of America, the redemption price will be equal to the Optional Redemption Amount of JPY 100,000,000 per JPY 100,000,000 Calculation Amount as outlined in the Pricing Supplement dated March 13, 2019. In addition to this amount, accrued and unpaid interest up to but not including the redemption date will also be paid. After March 18, 2026, interest on these notes will no longer accrue.
Payments for the redeemed notes will follow procedures set by Euroclear Bank SA/NV and Clearstream Banking S.A. Citibank N.A., London Branch is acting as Principal Agent for these notes while Citibank Europe plc serves as Registrar.
Bank of America describes itself as one of the world’s leading financial institutions with services for individual consumers, businesses of various sizes and large corporations. The company reports serving nearly 70 million clients in the United States through about 3,600 retail centers and approximately 15,000 ATMs. Its digital banking platform has around 59 million verified users. Bank of America is involved in wealth management and corporate and investment banking globally and provides support to about four million small business households through online products and services. The company operates across the U.S., its territories and over 35 countries worldwide. Its stock (NYSE: BAC) is listed on the New York Stock Exchange.
Bank of America cautions that “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.”
For further information investors can contact Lee McEntire at Bank of America by phone at +1-980-388-6780 or email lee.mcentire@bofa.com; Jonathan G. Blum at +1-212-449-3112 or jonathan.blum@bofa.com for fixed income queries; or reporters can reach Jocelyn Seidenfeld at +1-646-743-3356 or jocelyn.seidenfeld@bofa.com.
