Preferred Stock Channel
Bank of America Corp | 7.25% Non-Cumulative Preferred Stock, Series J (BAC.PRJ)

Prospectus excerpt:  Bank of America Corporation is offering 36,000,000 depositary shares, each representing a 1/1,000th interest in a share of our perpetual 7.25% Non-Cumulative Preferred Stock, Series J, $0.01 par value, with a liquidation preference of $25,000 per share (equivalent to $25 per depositary share) (the ÙPreferred Stockˆ). 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 November 1, 2012, 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 February 1, May 1, August 1, and November 1 of each year, beginning on February 1, 2008, at a rate of 7.25% per year (equivalent to $1.8125 per depositary share). Dividends on the Preferred Stock will not be cumulative.

Full Prospectus PDF », Secondary Prospectus PDF », BAC Page »

Series:J
Alternate symbology:BAC-J, BAC-PJ, BACprJ
Redeemable?:Yes
Call Date:11/1/2012 (Now Trading Post Call Date)
Perpetual?:Yes
Cumulative?:No
Shares Offered:36,000,000
Overallotment:5,400,000
Liquidation Preference:$25.00
Original Coupon:7.25%
Pay Period:Quarterly
Pay Dates:1-Feb, 1-May, 1-Aug, 1-Nov
CDx3 Compliance Rating: Learn BAC.PRJ's Rating
Bank of America is a bank holding company. Through its subsidiaries, Co. provides banking, investing, asset management and other financial and risk management products and services. Co.'s segments are: Consumer Banking, which provides credit, banking and investment products and services; Global Wealth and Investment Management, which provides investment management, brokerage, banking and retirement products; Global Banking, which includes lending-related products and services, integrated working capital management and treasury solutions; Global Markets, which provides sales and trading services and research services; and All Other, which includes asset and liability management activities.

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


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Name:  Bank of America Corp
Website:  www.bankofamerica.com
Sector:  Banking & Savings
Number of ETFs Holding BAC:  116 (see which ones)
Total Market Value Held by ETFs:  $30,583,506,999.78
Total Market Capitalization:  $291,700,000,000
% of Market Cap. Held by ETFs:  10.48%

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