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Bank of America Announces Redemption of $2,500,000,000 1.197% Fixed/Floating Rate Senior Notes, Due October 2026

1. BAC will redeem $2.5 billion in senior notes on October 24, 2025. 2. Redemption price equals 100% of principal plus accrued interest. 3. Interest on notes ceases on the redemption date. 4. The Company serves nearly 70 million client accounts in the U.S. 5. BAC's strong operational scope highlights its market presence and stability.

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FAQ

Why Bullish?

The redemption of senior notes minimizes future debt obligations, enhancing liquidity. Historically, similar debt management strategies have improved company valuations.

How important is it?

Redemption activities can positively impact stock performance by reducing interest burdens. Investors are likely to view this as a solid management move, showcasing financial strength.

Why Long Term?

This financial move positions BAC for stability ahead, particularly as interest rates fluctuate. Long-term debt reduction potentially increases investor confidence over time.

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, /PRNewswire/ -- Bank of America Corporation announced today that it will redeem on October 24, 2025 all $2,500,000,000 principal amount outstanding of its 1.197% Fixed/Floating Rate Senior Notes, due October 2026 (CUSIP No. 06051GJK6) (the "Notes"), at a redemption price equal to 100% of the principal amount of the Notes, plus accrued and unpaid interest to, but excluding, the redemption date of October 24, 2025. Interest on the Notes will cease to accrue on the redemption date. Payment of the redemption price for the 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 Notes. 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 nearly 70 million consumer and small business clients with approximately 3,600 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 (NYSE: BAC) is listed on the New York Stock Exchange. 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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