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Bank of America Corp. | 6.204% Non-Cumulative Preferred Stock, Series D (BAC.PRD)

Prospectus exerpt:  Bank of America Corporation is offering 30,000,000 depositary shares, each representing a 1/1,000th interest in a share of our perpetual 6.204% Non-Cumulative Preferred Stock, Series D, $0.01 par value, with a liquidation preference of $25,000 per share (equivalent to $25 per depositary share) (the “Preferred Stock”). Each depositary share entitles the holder, through the depository, to a proportional fractional interest in all rights and preferences of the Preferred Stock represented by the depositary share. We may redeem the Preferred Stock on any dividend payment date on or after September 14, 2011, in whole or in part, at a redemption price equal to $25,000 per share (equivalent to $25 per depositary share), plus any declared and unpaid dividends, without accumulation of any undeclared dividends. We will pay dividends on the Preferred Stock, when, as, and if declared by our board of directors, quarterly, in arrears, on March 14, June 14, September 14, and December 14 of each year, beginning December 14, 2006, at a rate of 6.204% per year (equivalent to $1.551 per depositary share). Dividends on the Preferred Stock will not be cumulative.

Full Prospectus PDF », BAC Page »

Series:D
Redeemable?:Yes
Call Date:9/14/2011 (Now Trading Post Call Date)
Perpetual?:Yes
Cumulative?:No
Shares Offered:30,000,000
Overallotment:4,500,000
Liquidation Preference:$25
Recent Market Price:$24.94
Discount to Liquidation Preference:
(More Preferreds Trading at a Discount »)
$-0.06 (-0.24%)
Annualized Dividend:1.551
Recent Ex-Date:5/28/2014
Current Yield:6.22%
Original Coupon:6.204%
Pay Period:Quarterly
Pay Dates:14-Mar, 14-Jun, 14-Sep, 14-Dec
Bank of America is a bank and financial holding company. Through its banking and various nonbanking subsidiaries throughout the U.S. and in international markets, Co. provides a range of banking and nonbanking financial services and products through five business segments: Consumer & Business Banking, Consumer Real Estate Services, Global Banking, Global Markets and Global Wealth & Investment Management, as well as All Other. Co. operates its banking activities primarily under two charters: Bank of America, National Association, and FIA Card Services, National Association. As of Dec 31 2012, Co. had total assets of $2.21 trillion and deposits of $1.10 trillion.

Preferreds: BML.PRQ, BML.PRI, BML.PRN, BML.PRG, BML.PRH, CFC.PRA, BAC.PRJ, MER.PRD, MER.PRE, MER.PRF, MER.PRK, MER.PRM, MER.PRP, CFC.PRB, BAC.PRC, BAC.PRD, BAC.PRE, BAC.PRH, BAC.PRI, BAC.PRL, BAC.PRU, BAC.PRV, BAC.PRW, BAC.PRX, BAC.PRY, BAC.PRZ, BML.PRJ, BML.PRL, BML.PRO


Open the BAC Information Page »
Name:  Bank of America Corp.
Website:  www.bankofamerica.com
Sector:  Banking & Savings
Number of ETFs Holding BAC:  80 (see which ones)
Total Market Value Held by ETFs:  $5,616,173,274
Total Market Capitalization:  $170,041,000,000
% of Market Cap. Held by ETFs:  3.30%

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