By Wendy Van Sickle
Columbus, Ohio, June 5 – Bank of America Corp. priced $15 million of step-up callable notes due Dec. 5, 2026, according to a 424B2 filing with the Securities and Exchange Commission.
Interest will be 3.35% initially, stepping up to 4.2% on June 5, 2025. Interest is payable semiannually.
The notes are callable in whole at par on any interest payment date starting June 5, 2020.
The payout at maturity will be par plus any accrued interest.
BofA Merrill Lynch is the agent.
Issuer: | Bank of America Corp.
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Issue: | Step-up callable notes
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Amount: | $15 million
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Maturity: | Dec. 5, 2026
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Coupon: | 3.35% initially, stepping up to 4.2% on June 5, 2025; payable semiannually
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Price: | Par
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Payout at maturity: | Par
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Call option: | In whole at par on any payment date starting June 5, 2020
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Pricing date: | May 28
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Settlement date: | May 30
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Underwriter: | BofA Merrill Lynch
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Fees: | 0.7%
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Cusip: | 06048WZV5
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