By Wendy Van Sickle
Columbus, Ohio, June 21 – Bank of America Corp. priced $3 million of step-up callable notes due June 21, 2019, according to a 424B2 filing with the Securities and Exchange Commission.
Interest will be 3.35% initially, stepping up to 3.75% on June 21, 2026. Interest is payable semiannually.
The notes are callable in whole at par on any interest payment date starting June 21, 2020.
The payout at maturity will be par plus any accrued interest.
BofA Merrill Lynch is the agent.
| Issuer: | Bank of America Corp.
|
| Issue: | Step-up callable notes
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| Amount: | $3 million
|
| Maturity: | June 21, 2029
|
| Coupon: | 3.35% initially, stepping up to 3.75% on June 21, 2026; payable semiannually
|
| Price: | Par
|
| Payout at maturity: | Par
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| Call option: | In whole at par on any payment date starting June 21, 2020
|
| Pricing date: | June 19
|
| Settlement date: | June 21
|
| Underwriter: | BofA Merrill Lynch
|
| Fees: | 0.75%
|
| Cusip: | 06048WA59
|
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