CHARLOTTE, N.C.--(BUSINESS WIRE)--Jul. 12, 2012-- Bank of America Corporation announced that it is calling for redemption in full on August 15, 2012 the remaining principal amount of $127,688,875 of its outstanding 6.000 percent Subordinated InterNotes® due August 15, 2034, CUSIP 060505864, NYSE Symbol IKR (the "Notes"). The Notes will be redeemed at a price equal to 100 percent of the principal amount of the Notes, plus unpaid interest accrued to August 15, 2012. From and after August 15, 2012, no interest will accrue on the Notes, and the only remaining right of holders of the Notes will be to receive the redemption price.
The Notes are to be surrendered to The Bank of New York Mellon, as trustee and paying agent, in exchange for the redemption price.
The address of the Trustee/Paying Agent is as follows:
The Bank of New York Mellon
101 Barclay Street
New York, New York 10286
This press release is for information purposes only and shall not constitute an offer to purchase or redeem the Notes.
Bank of America
Bank of America is one of the world's largest financial institutions, serving individual consumers, small- and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. The company provides unmatched convenience in the United States, serving approximately 57 million consumer and small business relationships with approximately 5,700 retail banking offices and approximately 17,250 ATMs and award-winning online banking with 30 million active users. Bank of America is among the world's leading wealth management companies and is a global leader in corporate and investment banking and trading across a broad range of asset classes, serving corporations, governments, institutions and individuals around the world. Bank of America offers industry-leading support to approximately 4 million small business owners through a suite of innovative, easy-to-use online products and services. The company serves clients through operations in more than 40 countries. Bank of America Corporation stock (NYSE: BAC) is a component of the Dow Jones Industrial Average and is listed on the New York Stock Exchange.
Certain statements in this news release represent the current expectations, plans or forecasts of Bank of America and are forward-looking. Forward-looking statements can be identified by the fact that they do not relate strictly to historical or current facts. These statements often use words like "expects," "anticipates," "believes," "estimates," "targets," "intends," "plans," "predict," "goal" and other similar expressions or future or conditional verbs such as "will," "may," "might," "should," "would" and "could." Forward-looking statements speak only as of the date they are made, and Bank of America undertakes no obligation to update any forward-looking statement to reflect the impact of circumstances or events that arise after the date the forward-looking statement was made.
These statements are not guarantees of future results or performance and involve certain risks, uncertainties and assumptions that are difficult to predict and are often beyond Bank of America's control. Actual outcomes and results may differ materially from those expressed in, or implied by, any of these forward-looking statements. You should not place undue reliance on any forward-looking statement and should consider all of the uncertainties and risks discussed under Item 1A. "Risk Factors" of Bank of America's Annual Report on Form 10-K for the year ended December 31, 2011 and in any of Bank of America's other subsequent Securities and Exchange Commission filings.
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Source: Bank of America
Reporters May Contact:
Scott Silvestri, Bank of America, 1.980.388.9921