New Issue: Bank of America sells $6.41 million floaters linked to 10-year CMS rate

By Susanna Moon

Chicago, July 30 - Bank of America Corp. priced $6.41 million of floating-rate notes due Aug. 5, 2020 linked to the 10-year Constant Maturity Swap rate, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will accrue interest at 109% of the 10-year CMS rate, payable quarterly.

The payout at maturity will be par.

Merrill Lynch, Pierce, Fenner & Smith Inc. and its broker-dealer affiliate First Republic Securities Co., LLC are the underwriters.

Issuer:	Bank of America Corp.
Issue:	Floating-rate notes
Underlying rates:	10-year Constant Maturity Swap rate
Amount:	$6,413,000
Maturity:	Aug. 5, 2020
Coupon:	109% of 10-year CMS rate; payable quarterly
Price:	Par
Payout at maturity:	Par
Pricing date:	July 28
Settlement date:	Aug. 5
Underwriters:	Merrill Lynch, Pierce, Fenner & Smith Inc. and First Republic Securities Co., LLC
Fees:	2.5%
Cusip:	06048WCR9

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