TMC Newsroom With Lorna Lyle - 03/24/2009
Bank of America Announces Redemption of Senior Notes
Bank of America Corporation announced today that it will redeem on October 1, 2020, all $750,000,000 principal amount outstanding of its Floating Rate Senior Notes, due October 2021 (CUSIP No. 06051GGU7) (the "Floating Rate Notes"), and all $2,000,000,000 principal amount outstanding of its 2.328% Fixed/Floating Rate Senior Notes, due October 2021 (CUSIP No. 06051GGS2) (the "Fixed/Floating Rate Notes" and, together with the Floating Rate Notes, the "Senior Notes").
The redemption price for each series of the Senior 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 October 1, 2020. Interest on each series of the Senior Notes will cease to accrue on the redemption date.
Payment of the redemption price for the Senior 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 Senior Notes.
Bank of America