Company Announcements

Notice of Redemption

Source: RNS
RNS Number : 6546M
Bank of America Corporation
22 January 2021
 

Notice of Redemption and Cancellation of Listing

 

Bank of America Corporation ("Bank of America" or the "Issuer")

 

The Issuer has today given notice to the holders of the €1,250,000,000 Fixed/Floating Rate Senior Notes, due February 7, 2022 (ISIN: XS1560863554; Common Code: 156086355) (the "Notes") issued under its U.S.$65,000,000,000 Euro Medium-Term Note Program that in accordance with Condition 6(c) of the Terms and Conditions of the Notes and paragraph 23 of the Final Terms dated February 3, 2017 in respect of the Notes (the "Final Terms") it will redeem all of the outstanding Notes on February 7, 2021 (the "Redemption Date").

 

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 Final Terms) plus accrued and unpaid interest to, but excluding, the Redemption Date (the "Redemption Price"). As the Redemption Date is not a business day, the Redemption Price will be paid on February 8, 2021, which is the business day that is next succeeding the Redemption Date, with the same force and effect as if such amount were paid on the Redemption Date, and no interest will accrue on the amount so payable for the period from the Redemption Date to such next succeeding business day.

 

 

Bank of America will request the Financial Conduct Authority to cancel the listing of the Notes and the London Stock Exchange plc to cancel the admission to trading of the Notes on or around the business day following the Redemption Date.

 

To view the notice, paste the following URL into the address bar of your browser:

 

http://www.rns-pdf.londonstockexchange.com/rns/6546M_1-2021-1-22.pdf

 

A copy of the notice has been submitted to the National Storage Mechanism and will shortly be available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism.

 

For further information please contact:

 

Lee McEntire, Bank of America, 1.980.388.6780

lee.mcentire@bofa.com

 

or

 

Jonathan G. Blum, Bank of America (Fixed Income), 1.212.449.3112

jonathan.blum@bofa.com

 

 

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 the Issuer's 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 the Issuer's Annual Report on Form 10-K for the year ended December 31, 2019, under Part II, Item 1A. "Risk Factors" in the Issuer's Quarterly Reports on Form 10-Q for the quarters ended March 31, 2020, June 30, 2020 and September 30, 2020, and in any of the Issuer's other subsequent U.S. Securities and Exchange Commission filings. Forward-looking statements speak only as of the date they are made, and the Issuer undertakes 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.

 

DISCLAIMER - INTENDED ADDRESSEES

 

Please note that the information contained in the notice may be addressed to and/or targeted at persons who are residents of particular countries only and is not intended for use and should not be relied upon by any person outside these countries and/or to whom the offer contained in the notice is not addressed.  Prior to relying on the information contained in the notice, you must ascertain from the Prospectus whether or not you are part of the intended addressees of the information contained therein.

 

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