Bank of America Corporation announced today that it will redeem on September 21, 2020 all €1,000,000,000 principal amount outstanding of its Floating Rate Senior Notes, due September 21, 2021 (ISIN: XS1687279841; Common Code: 168727984) (the "Notes") issued under the Bank of America U.S.$65,000,000,000 Euro Medium-Term Note Program pursuant to Condition 6(c) of the Terms and Conditions of the Notes and paragraph 23 of the Final Terms dated September 19, 2017 (the "Final Terms").
The redemption price for the Notes will be equal to the Optional Redemption Amount of €1,000 per €1,000 Calculation Amount (as specified in the Final Terms), plus accrued and unpaid interest to, but excluding, the redemption date of September 21, 2020. Interest on the Notes will cease to accrue on the redemption date.
Payment of the redemption price for the Notes will be made in accordance with the applicable procedures of Euroclear Bank SA/NV and Clearstream Banking, S.A. Bank of America, N.A. (operating through its London branch) is the Principal Agent for the Notes, and Bank of America Merrill Lynch International DAC is the Registrar for the Notes.
Bank of America Corporation will request the Financial Conduct Authority to cancel the listing of the Notes and the London Stock Exchange plc to cancel the admission to trading of the Notes on or around the business day following the redemption date.
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, including approximately 3,000 lending centers, 2,600 financial centers with a Consumer Investment Financial Solutions Advisor and approximately 2,200 business centers; approximately 16,900 ATMs; and award-winning digital banking with approximately 39 million active users, including approximately 30 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.
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, 2019, under Part II, Item 1A. “Risk Factors” in our Quarterly Report on Form 10-Q for the quarter ended March 31, 2020, under Part II, Item 1A. "Risk Factors" in our Quarterly Report on Form 10-Q for the quarter ended June 30, 2020 and in any of our other subsequent U.S. 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.
Lee McEntire, Bank of America
Jonathan Blum, Bank of America (Fixed Income)
Jerry Dubrowski, Bank of America
Phone: 1.646.855.1195 (office) or 1.508.843.5626 (mobile)