||Bank of America Corp. | 6.625% Non-Cumulative Preferred Stock, Series I (BAC.PRI)
Bank of America Corporation is offering 22,000,000 depositary shares, each representing a 1/1,000th interest in a share of our perpetual 6.625% Non-Cumulative Preferred Stock, Series I, $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 October 1, 2017, 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 January 1, April 1, July 1, and October 1 of each year, beginning on January 1, 2008, at a rate of 6.625% per year (equivalent to $1.65625 per depositary share). Dividends on the Preferred Stock will not be cumulative.
Full Prospectus PDF », BAC Page »
|Alternate symbology:||BAC-I, BAC-PI, BACprI|
|Liquidation Preference:||$25 |
|Recent Market Price:||$25.48|
|Premium to Liquidation Preference:|
(More Preferreds Trading at a Premium »)
|Pay Dates:||1-Jan, 1-Apr, 1-Jul, 1-Oct|
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, corporations and governments with a range of banking, investing, asset management and other financial and risk management products and services. Co.'s segments include Consumer & Business Banking, Consumer Real Estate Services, Global Wealth & Investment Management, Global Banking and Global Markets. As of Dec 31 2014, 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
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||Bank of America Corp.
||Banking & Savings
|Number of ETFs Holding BAC:
||72 (see which ones)
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