Bank of America to redeem 3.458% fixed-to-floaters due 2025

By Wendy Van Sickle

Columbus, Ohio, Feb. 29 – Bank of America Corp. announced the upcoming early redemption of its $2.25 billion outstanding 3.458% fixed-to-floating rate notes due in March 2025 (Cusip: 06051GHR3), according to a press release.

The redemption price will be par plus interest to the redemption date of March 15.

Payment will be made through Depository Trust Co.

Bank of New York Mellon Trust Co., NA is the trustee.

The financial services company is based in Charlotte, N.C.

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