Published on 1/24/2024 in the Prospect News Investment Grade Daily.
New Issue: Bank of America prices $120 million fixed-rate callable notes
By Wendy Van Sickle
Columbus, Ohio, Jan. 24 – Bank of America Corp. priced $120 million of 5.5% fixed-rate callable notes due Jan. 23, 2029, according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable semiannually and the notes are callable semiannually after one year.
BofA Securities, Inc. is the agent.
| Issuer: | Bank of America Corp.
|
| Issue: | Fixed-rate callable notes
|
| Amount: | $120 million
|
| Maturity: | Jan. 23, 2029
|
| Coupon: | 5.5% annual rate, payable semiannually
|
| Call option: | Every six months after one year
|
| Price: | Par
|
| Payout at maturity: | Par
|
| Pricing date: | Jan. 20
|
| Settlement date: | Jan. 23
|
| Agent: | BofA Securities, Inc.
|
| Fees: | 0.35%
|
| Cusip: | 06055JDD8
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
