CHARLOTTE, N.C.–(BUSINESS WIRE)–Sep 15, 2020–
Lender of The usa Company declared right now that it will redeem on Oct 1, 2020, all $750,000,000 principal amount fantastic of its Floating Rate Senior Notes, because of Oct 2021 (CUSIP No. 06051GGU7) (the “Floating Rate Notes”), and all $2,000,000,000 principal total exceptional of its 2.328% Fastened/Floating Fee Senior Notes, due October 2021 (CUSIP No. 06051GGS2) (the “Fixed/Floating Rate Notes” and, alongside one another with the Floating Price Notes, the “Senior Notes”).
The redemption value for each individual collection of the Senior Notes will be equal to 100% of the principal amount of these kinds of sequence, plus accrued and unpaid desire to, but excluding, the redemption day of October 1, 2020. Curiosity on each series of the Senior Notes will cease to accrue on the redemption day.
Payment of the redemption selling price for the Senior Notes will be produced by way of the facilities of The Depository Have confidence in Business. The Lender of New York Mellon Rely on Company, N.A. is the trustee and shelling out agent for the Senior Notes.
Bank of The us is 1 of the world’s primary money establishments, serving unique shoppers, smaller and center-market companies and massive businesses with a comprehensive selection of banking, investing, asset administration and other financial and threat administration merchandise and products and services. The company presents unmatched ease in the United States, serving somewhere around 66 million shopper and compact business clientele with somewhere around 4,300 retail monetary centers, including around 3,000 lending centers, 2,600 fiscal facilities with a Client Investment decision Monetary Alternatives Advisor and close to 2,200 business centers approximately 16,900 ATMs and award-winning electronic banking with somewhere around 39 million active people, together with about 30 million cell consumers. Lender of The us is a global chief in wealth administration, corporate and investment decision banking and buying and selling throughout a broad selection of asset lessons, serving businesses, governments, institutions and persons close to the earth. Lender of The us features marketplace-primary guidance to somewhere around 3 million small business entrepreneurs by means of a suite of modern, effortless-to-use on the internet goods and services. The organization serves purchasers through operations across the United States, its territories and close to 35 international locations. Financial institution of America Corporation stock (NYSE:BAC) is detailed on the New York Inventory Exchange.
Particular data contained in this information release may constitute “forward-hunting statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are not assures of long run outcomes or overall performance and require sure threats, uncertainties and assumptions challenging to predict or further than our control. You should not place undue reliance on any forward-on the lookout statement and ought to take into consideration the uncertainties and pitfalls talked over beneath Item 1A. “Risk Factors” in our Once-a-year Report on Variety 10-K for the year finished December 31, 2019, beneath Component II, Product 1A. “Risk Factors” in our Quarterly Stories on Form 10-Q for the quarters ended March 31, 2020, and June 30, 2020, and in any of our other subsequent Securities and Trade Fee filings. Ahead-looking statements talk only as of the date they are created, and we undertake no obligation to update any forward-on the lookout statement to replicate the affect of situation or events that occur just after the day the forward-on the lookout assertion was made.
Contact: Buyers Could Get in touch with:
Lee McEntire, Bank of The united states, 1.980.388.6780
Jonathan Blum, Lender of America (Set Profits), 1.212.449.3112
Jerry Dubrowski, Financial institution of The united states, 1.646.855.1195 (business) or 1.508.843.5626 (mobile)
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Copyright Business Wire 2020.
PUB: 09/15/2020 04:10 PM/DISC: 09/15/2020 04:10 PM
Copyright Business Wire 2020.