Bank of America Announces Repurchase of C $ 500,000,000 Fixed and Floating Rate Subordinated Notes Due May 30, 2022

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CHARLOTTE, North Carolina – (COMMERCIAL THREAD(CUSIP No. 5901887J1, ISIN: CA5901887J13) (the “Bonds”), at a redemption price equal to 100% of the principal amount of the Bonds, plus accrued and unpaid interest until the redemption date of May 30, 2021 Since May 30, 2021 is not a business day, the redemption price as well as accrued and unpaid interest will be paid on the following business day, June 1, 2021. Interest on the Notes will cease to accrue on the date. reimbursement.

Payment of the redemption price together with accrued and unpaid interest on the Notes will be made in accordance with the applicable procedures of CDS Clearing and Depository Services Inc. The Bank of New York Mellon is the Trustee and BNY Trust Company of Canada is the Paying Agent. . for Notes.

Bank of America

Bank of America is one of the world’s leading financial institutions, serving individuals, small and medium businesses, and large corporations with a full range of banking, investing, asset management and financial products and services. other financial and risk management products and services. The company provides unparalleled convenience in the United States, serving approximately 66 million personal and small business customers with approximately 4,300 retail financial centers, including approximately 2,700 lending centers, 2,600 financial centers with a financial solutions advisor from investment for consumers and approximately 2,400 business centers; around 17,000 ATMs; and award-winning digital banking with approximately 40 million active users, including approximately 31 million mobile users. Bank of America is a global leader in wealth management, investment and investment banking, and trading across a broad range of asset classes, serving businesses, governments, institutions and individuals across the whole world. Bank of America provides industry-leading assistance to approximately 3 million small business households through a range of innovative and easy-to-use online products and services. The company serves clients through operations across the United States, its territories and approximately 35 countries. Bank of America Corporation (NYSE: BAC) shares are listed on the New York Stock Exchange.

Forward-looking statements

Certain information contained in this press 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 that are difficult to predict. or beyond our control. You should not place undue reliance on forward-looking statements and should take into account the uncertainties and risks described in section 1A. “Risk Factors” in our Annual Report on Form 10-K for the year ended December 31, 2020 and in one of our other subsequent filings with the Securities and Exchange Commission. Forward-looking statements speak only as of the date on which they are made, and we assume no obligation to update any forward-looking statement to reflect the impact of circumstances or events occurring after the date on which the statement prospective has been made.

For more information on Bank of America, including dividend announcements and other important information, visit Bank of America Newsroom and subscribe to news alerts by email.

www.bankofamerica.com


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