Bank of America Corporation announced the redemption of all $3 billion of its 5.080% Fixed/Floating Rate Senior Notes. The notes were originally scheduled to mature in January 2027.
The bank set the redemption date for January 20, 2026. The redemption price equals 100% of the principal amount, plus any accrued and unpaid interest calculated up to that date.
Interest on the notes will cease to accrue on the January 20, 2026, redemption date. The Depository Trust Company will facilitate the payment, with The Bank of New York Mellon Trust Company, N.A. acting as the trustee and paying agent.