By Susanna Moon
Chicago, June 28 - Bank of America Corp. priced $265 million of step-up callable notes due June 30, 2025, according to a 424B2 filing with the Securities and Exchange Commission.
The coupon will be 5.375% for the first five years and 7% thereafter until maturity.
The notes are callable in whole at par plus accrued interest on any interest payment date beginning June 28, 2011.
Merrill Lynch, Pierce, Fenner & Smith Inc. is the underwriter.
The bank holding and financial services company is based in Charlotte, N.C.
| Issuer: | Bank of America Corp.
|
| Issue: | Step-up callable notes
|
| Amount: | $265 million
|
| Maturity: | June 30, 2025
|
| Coupon: | 5.375% for the first five years and 7% thereafter
|
| Price: | Par
|
| Call option: | In whole at par plus accrued interest on any interest payment date beginning June 28, 2011
|
| Underwriter: | Merrill Lynch, Pierce, Fenner & Smith Inc.
|
| Pricing date: | June 24
|
| Settlement date: | June 28
|
© 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.
