#United States #Charlotte #Senior Notes #Financial Services #Bank of America

Bank of America Confirms Redemption of Senior Notes

On May 23, 2025, Bank of America Corporation made a significant announcement regarding the financial instruments it holds. The bank revealed plans to fully redeem CHF 375 million of its 0.2525% Senior Notes, which are set to mature on June 12, 2026. This decision showcases Bank of America’s strategic approach towards managing its liabilities and assets effectively within the financial markets.

The redemption is scheduled for June 12, 2025, and will see the bank pay back the principal amount in full. The Notes, issued under the bank’s expansive €65 billion Euro Medium-Term Note Program, signify an important element of Bank of America's broader financing strategy. According to the pricing supplement dated June 11, 2019, the redemption price will include an amount equal to CHF 5,000 per CHF 5,000 Calculation Amount, plus any accrued and unpaid interest leading up to the redemption date.

As part of the technical process, payments will be executed according to existing guidelines set out by SIX SIS AG, which facilitate the transaction. Notably, UBS AG, now serving as the Principal Swiss Paying Agent for these notes following its acquisition of Credit Suisse AG, will oversee the procedural details of the redemption. It’s worth mentioning that the last trading day for the senior notes on the SIX Swiss Exchange will be June 10, 2025, as noted in the bank’s communication.

This proactive move to redeem the senior notes aligns with Bank of America’s commitment to maintaining a strong balance sheet and managing its interest obligations efficiently. By acting ahead of the maturity date, the bank aims to mitigate any future risks associated with interest rate fluctuations and utilize its capital more effectively.

Bank of America: A Brief Overview

Bank of America is recognized as one of the leading financial institutions on a global scale, serving a wide array of clients, including individual consumers, small to mid-sized businesses, and large corporations. With a robust presence in the financial sector, the bank offers a comprehensive suite of services ranging from banking and investment to asset management and risk management solutions.

In the United States alone, Bank of America caters to approximately 69 million consumers and small business clients through its extensive network of 3,700 retail financial centers and around 15,000 automated teller machines (ATMs). Furthermore, the bank boasts award-winning digital banking services, with nearly 59 million active digital users.

As a leader in wealth management and corporate investment banking, Bank of America operates in over 35 countries and provides industry-leading support to around 4 million small business households through innovative online products and services. The bank is a publicly traded entity listed on the New York Stock Exchange under the ticker symbol BAC.

Future Outlook and Forward-Looking Statements

While Bank of America remains optimistic about its continued growth and market presence, it also acknowledges that certain elements of this announcement could be viewed as