Bullish indicating open at $55-$60, IPO prices at $37
CHARLOTTE - Bank of America Corporation (NYSE:BAC) has announced its decision to redeem outstanding €1,250,000,000 0.808% Fixed/Floating Rate Senior Notes on May 9, 2025. The notes were issued under the bank’s U.S. $65 billion Euro Medium-Term Note Program and are due to mature on May 9, 2026.
The redemption price is set at €1,000 per €1,000 Calculation Amount, as defined in the Final Terms of the notes, plus any accrued and unpaid interest up to but not including the redemption date.
Following the redemption, Bank of America will seek the cancellation of the listing of the notes on the Official List of the Financial Conduct Authority (FCA) and the London Stock Exchange (LON:LSEG). The delisting process is expected to commence promptly after the redemption date.
This move is being made in accordance with Condition 6(c) of the Terms and Conditions of the Notes and paragraph 21 of the Final Terms dated May 8, 2019. The notice of redemption has been made available for inspection at the National Storage Mechanism, which can be accessed online.
Investors holding these notes should prepare for the redemption process set to take place on the specified date in May. The company’s decision is part of its financial management strategies, and the information is based on a press release statement.
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