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Bank of America, N.A. Announces Redemptions of $2,000,000,000 5.650% Senior Bank Notes and $400,000,000 Floating Rate Senior Bank Notes, Due August 2025

1. Bank of America plans to redeem $2 billion in senior bank notes. 2. Redemption date set for July 18, 2025, for both fixed and floating rate notes. 3. All notes will be redeemed at par value, plus unpaid interest. 4. BAC serves 69 million clients with extensive retail and digital banking options.

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Why Bullish?

Redeeming debt at par value indicates strong financial health and management. Historically, proactive debt management can positively influence stock performance.

How important is it?

The announcement signals strong liquidity management and may boost investor sentiment towards BAC.

Why Long Term?

The redemption strengthens BAC's balance sheet, benefiting future earnings and investor confidence over time. Strategic debt reduction aligns with long-term financial goals.

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, /PRNewswire/ -- Bank of America, N.A. announced today that it will redeem on July 18, 2025 all $2,000,000,000 principal amount outstanding of its 5.650% Senior Bank Notes, due August 2025 (CUSIP No. 06428CAC8) (the "Fixed Rate Notes"), and all $400,000,000 principal amount of its Floating Rate Senior Bank Notes, due August 2025 (CUSIP No. 06428CAD6) (the "Floating Rate Notes" and, together with the Fixed Rate Notes, the "Notes"). The redemption price for each series of the Notes will be equal to 100% of the principal amount of such series, plus accrued and unpaid interest to, but excluding, the redemption date of July 18, 2025. Interest on each series of 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. Citibank, N.A. is the U.S. registrar and paying agent for the Notes. Bank of America Bank of America Corporation, the parent company of Bank of America, N.A., 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). 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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