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Bank of America Corp. | 7% Capital Securities (BAC.PRW)

This preferred is marked as having been called.
Prospectus excerpt:  The Trust will redeem all of the outstanding capital and common securities when we pay the junior subordinated notes on their maturity date on December 15, 2031. We may extend the maturity date of the notes under the circumstances we describe below under "Option to Extend Stated Maturity Date." Except as described under "--Ranking" on page S-7, the aggregate liquidation amount of capital and common securities to be redeemed will be allocated approximately 97% to the capital securities and approximately 3% to the common securities.

Full Prospectus PDF », BAC Page »

Alternate symbology:BAC-W, BAC-PW, BACprW
Redeemable?:Yes
Call Date:12/15/2006 (Now Trading Post Call Date)
Maturity Date:12/15/2031
Cumulative?:Yes
Shares Offered:20,000,000
Liquidation Preference:$25
Recent Market Price:$25.58
Premium to Liquidation Preference:
(More Preferreds Trading at a Premium »)
$0.58 (2.32%)
Annualized Dividend:1.65625
Recent Ex-Date:5/13/2015
Current Yield:6.47%
Original Coupon:7.000%
Pay Period:Quarterly
Pay Dates:15-Mar, 15-Jun, 15-Sep, 15-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. 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


Open the BAC Information Page »
Name:  Bank of America Corp.
Website:  www.bankofamerica.com
Sector:  Banking & Savings
Number of ETFs Holding BAC:  72 (see which ones)
Total Market Value Held by ETFs:  $5,001,220,096
Total Market Capitalization:  $180,846,000,000
% of Market Cap. Held by ETFs:  2.77%

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