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Bank of America Corp. | 8.20% Non-Cumulative Preferred Stock, Series H (BAC.PRH)

This preferred is marked as having been called.
Prospectus exerpt:  Bank of America Corporation is offering 108,000,000 depositary shares, each representing a 1/1,000th interest in a share of our perpetual 8.20% Non-Cumulative Preferred Stock, Series H, $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.

Subject to regulatory approval, we may redeem the Preferred Stock on any dividend payment date on or after May 1, 2013, 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, or a duly authorized committee of our board of directors, quarterly, in arrears, on February 1, May 1, August 1, and November 1 of each year, beginning on August 1, 2008, at a rate of 8.20% per year (equivalent to $2.05 per depositary share per year). Dividends on the Preferred Stock will not be cumulative.

Full Prospectus PDF », BAC Page »

Series:H
Redeemable?:Yes
Call Date:5/1/2013 (Now Trading Post Call Date)
Perpetual?:Yes
Cumulative?:No
Shares Offered:108,000,000
Overallotment:16,200,000
Liquidation Preference:$25
Original Coupon:8.200%
Pay Period:Quarterly
Pay Dates:1-Feb, 1-May, 1-Aug, 1-Nov
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. is engaged as a financial institution that serves individual consumers, small- and middle-market businesses, institutional investors, large corporations and governments with a range of banking, investing, asset management and other financial and risk management products and services. Co. operates its banking activities primarily under two charters: Bank of America, National Association, and FIA Card Services, National Association. As of Dec 31 2013, Co. had total assets of $2.10 trillion and total deposits of $1.12 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:  79 (see which ones)
Total Market Value Held by ETFs:  $10,304,896,883
Total Market Capitalization:  $174,563,000,000
% of Market Cap. Held by ETFs:  5.90%

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