October 30, 2020

webasies

The best in business

Bank of The us Announces Redemption of Senior Notes | Business & Finance

3 min read
CHARLOTTE, N.C.–(BUSINESS WIRE)–Sep 15, 2020– Financial institution of The usa Company announced nowadays that it...

CHARLOTTE, N.C.–(BUSINESS WIRE)–Sep 15, 2020–

Financial institution of The usa Company announced nowadays that it will redeem on October 1, 2020, all $750,000,000 principal sum outstanding of its Floating Amount Senior Notes, due October 2021 (CUSIP No. 06051GGU7) (the “Floating Price Notes”), and all $2,000,000,000 principal amount of money excellent of its 2.328% Mounted/Floating Amount Senior Notes, thanks October 2021 (CUSIP No. 06051GGS2) (the “Fixed/Floating Fee Notes” and, jointly with the Floating Price Notes, the “Senior Notes”).

The redemption rate for each individual collection of the Senior Notes will be equal to 100% of the principal volume of this sort of sequence, as well as accrued and unpaid desire to, but excluding, the redemption date of Oct 1, 2020. Curiosity on each and every series of the Senior Notes will cease to accrue on the redemption day.

Payment of the redemption value for the Senior Notes will be built by means of the amenities of The Depository Have faith in Enterprise. The Lender of New York Mellon Have confidence in Company, N.A. is the trustee and shelling out agent for the Senior Notes.

Bank of America is 1 of the world’s primary money establishments, serving specific consumers, modest and middle-marketplace enterprises and big businesses with a comprehensive assortment of banking, investing, asset administration and other monetary and danger administration items and expert services. The firm delivers unmatched advantage in the United States, serving somewhere around 66 million customer and little business clientele with about 4,300 retail monetary facilities, like roughly 3,000 lending centers, 2,600 economical facilities with a Buyer Financial commitment Economic Alternatives Advisor and approximately 2,200 business facilities somewhere around 16,900 ATMs and award-successful digital banking with about 39 million energetic people, together with roughly 30 million cell users. Bank of America is a world leader in wealth management, corporate and expenditure banking and trading throughout a wide variety of asset lessons, serving organizations, governments, establishments and individuals close to the world. Bank of The usa delivers field-primary assist to approximately 3 million small business house owners via a suite of progressive, easy-to-use on line merchandise and solutions. The firm serves consumers by way of operations throughout the United States, its territories and roughly 35 countries. Financial institution of The us Corporation stock (NYSE:BAC) is shown on the New York Inventory Exchange.

Forward-seeking statements

Sure info contained in this news launch may possibly represent “forward-hunting statements” inside the indicating of the Private Securities Litigation Reform Act of 1995. These statements are not assures of foreseeable future final results or performance and include specific threats, uncertainties and assumptions tricky to predict or further than our management. You should not area undue reliance on any forward-hunting assertion and ought to take into consideration the uncertainties and hazards discussed less than Product 1A. “Risk Factors” in our Once-a-year Report on Form 10-K for the calendar year ended December 31, 2019, under Portion II, Item 1A. “Risk Factors” in our Quarterly Reviews on Kind 10-Q for the quarters finished March 31, 2020, and June 30, 2020, and in any of our other subsequent Securities and Trade Fee filings. Ahead-hunting statements speak only as of the date they are created, and we undertake no obligation to update any forward-wanting statement to replicate the impression of conditions or occasions that crop up after the day the ahead-searching statement was created.

Get hold of: Investors Might Get in touch with:

Lee McEntire, Financial institution of The united states, 1.980.388.6780

Jonathan Blum, Bank of The us (Fixed Money), 1.212.449.3112

Jerry Dubrowski, Lender of The us, 1.646.855.1195 (office environment) or 1.508.843.5626 (mobile)

Search phrase: UNITED STATES NORTH The usa NORTH CAROLINA

Sector Key word: BANKING Skilled Solutions FINANCE

Copyright Business Wire 2020.

PUB: 09/15/2020 04:10 PM/DISC: 09/15/2020 04:10 PM

Copyright Business Wire 2020.

webasies.com © All rights reserved. | Newsphere by AF themes.