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Bank of America Announces Redemption of €2,000,000,000 of Floating Rate Senior Notes, Due September 22, 2026

1. Bank of America will redeem €2 billion senior notes by September 2025. 2. Redemption will include accrued and unpaid interest up to the redemption date. 3. Cancellation of the notes' listing on major exchanges will be requested post-redemption. 4. Bank of America is a leader in financial services worldwide. 5. Company serves around 69 million U.S. clients with extensive banking facilities.

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Why Neutral?

The announcement is a routine financial decision with no immediate impact on BAC's stock. Historical context shows similar actions have not signaled significant market movement.

How important is it?

Though this evacuation of debt suggests prudent finance, it lacks urgency or crisis. Its future potential will depend on overall market conditions and interest rates.

Why Long Term?

The redemption indicates strategic financial management but only affects future liquidity. However, the impact will not be felt until closer to the redemption date.

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, /PRNewswire/ -- Bank of America Corporation announced today that it will redeem on September 22, 2025 all €2,000,000,000 principal amount outstanding of its Floating Rate Senior Notes, due September 22, 2026 (ISIN: XS2387929834; Common Code: 238792983) (the "Notes").  The Notes were issued under the Bank of America Corporation U.S. $65,000,000,000 Euro Medium-Term Note Program. 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 applicable Final Terms dated September 20, 2021), plus accrued and unpaid interest to, but excluding, the redemption date of September 22, 2025. 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. Citibank, N.A., London Branch is the Principal Agent for the Notes and Citibank Europe plc is the Registrar for the Notes. Bank of America Corporation will request the Financial Conduct Authority (the "FCA") to cancel the listing of the Notes on the Official List of the FCA and the London Stock Exchange (the "Exchange") to cancel the admission to trading on the regulated market of the Exchange as soon as practicable after the redemption date. Bank of America 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 69 million consumer and small business clients with approximately 3,700 retail financial centers, approximately 15,000 ATMs (automated teller machines) and award-winning digital banking with approximately 59 million verified digital 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 4 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 more than 35 countries. Bank of America Corporation stock is listed on the New York Stock Exchange (NYSE: BAC). For more Bank of America news, including dividend announcements and other important information, visit the Bank of America newsroom and register for news email alerts. Forward-looking statements 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, 2024 and in any of our subsequent 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. Investors may contact Lee McEntire, Bank of AmericaPhone: 1.980.388.6780[email protected] Jonathan G. Blum, Bank of America (Fixed Income)Phone: 1.212.449.3112[email protected] Reporters may contact Jocelyn Seidenfeld, Bank of AmericaPhone: 1.646.743.3356[email protected] SOURCE Bank of America Corporation WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In

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