By Angela McDaniels
Tacoma, Wash., Nov. 25 – Bank of America Corp. priced $55 million of step-up callable notes due Nov. 25, 2022, according to a 424B2 filing with the Securities and Exchange Commission.
The interest rate is 2.25% in years one and two and 2.4% in year three. Interest is payable semiannually.
The payout at maturity will be par.
The notes will be callable at par semiannually.
BofA Securities Inc. is the underwriter.
| Issuer: | Bank of America Corp.
|
| Issue: | Step-up callable notes
|
| Amount: | $55 million
|
| Maturity: | Nov. 25, 2022
|
| Coupon: | 2.25% in years one and two and 2.4% in year three; payable semiannually
|
| Price: | Par
|
| Payout at maturity: | Par
|
| Call option: | At par semiannually
|
| Pricing date: | Nov. 21
|
| Settlement date: | Nov. 25
|
| Underwriter: | BofA Securities Inc.
|
| Fees: | 0.02%
|
| Cusip: | 06048WF39
|
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