New Issue: Bank of America gives terms of $2 billion sale of 4.1% 10-year notes

By Andrea Heisinger

New York, July 19 - Bank of America Corp. gave the terms of its $2 billion sale of 4.1% 10-year notes (Baa2/A-/A) priced at a spread of Treasuries plus 157 basis points in an FWP filing with the Securities and Exchange Commission on Friday.

The sale was done at the tight end of talk that was in the 160 bps area.

Pricing was at 99.919 to yield 4.11%. There is no call option.

BofA Merrill Lynch was the bookrunner.

Bank of America, a financial services company based in Charlotte, N.C., last tapped the U.S. bond market in a $4 billion offering in four tranches on March 19. That sale included a reopening of 3.3% notes due 2023 priced at 147 bps over Treasuries.

Issuer:	Bank of America Corp.
Issue:	Notes
Amount:	$2 billion
Maturity:	July 24, 2023
Bookrunner:	BofA Merrill Lynch
Senior co-managers:	Barclays, BMO Capital Markets Corp., Capital One Southcoast, Inc., Deutsche Bank Securities Inc., Fifth Third Securities, Inc., Lloyds Securities Inc., nabSecurities, LLC, RBS Securities Inc., Santander Investment Securities Inc., Scotia Capital (USA) Inc., SMBC Nikko Securities America, Inc., Standard Chartered Bank, Swedbank AB
Co-managers:	Lebenthal & Co., LLC, Loop Capital Markets, LLC
Coupon:	4.1%
Price:	99.919
Yield:	4.11%
Spread:	Treasuries plus 157 bps
Call:	Non-callable
Trade date:	July 18
Settlement date:	July 23
Ratings:	Moody's: Baa2
	Standard & Poor's: A-
	Fitch: A
Price talk:	160 bps area

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