Bank of America Corporation has announced that it will redeem on March 5, 2023, all $1,500,000,000 principal amount outstanding of its floating rate senior notes, due March 2024, and all $3,000,000,000 principal amount outstanding of its 3.550% fixed/floating rate senior notes.
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 March 5, 2023. Since March 5, 2023, is not a business day, the redemption price together with accrued and unpaid interest will be paid on the next succeeding business day, March 6, 2023. 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.
