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Bank of America Corp. | 6% Capital Securities (BAC.PRY)

This preferred is marked as having been called.
Prospectus excerpt:  If you purchase capital securities, you will be entitled to receive cumulative cash distributions at an annual rate of $1.50 for each capital security. This amount represents 6% of the $25 liquidation amount for each capital security. If the Trust is terminated and its assets distributed, you will be entitled to receive the $25 liquidation amount for each capital security you own, or a like principal amount of junior subordinated notes, in each case plus accumulated but unpaid distributions, from the assets of the Trust available for distribution after payment of liabilities owed to its creditors. If the Trust does not have sufficient funds, you may not receive the full liquidation amount and accumulated but unpaid distributions. For a complete description of the capital securities, see “Description of Capital Securities” on page S-18.

Distributions on the capital securities will accumulate from November 3, 2004. The Trust will pay distributions quarterly in arrears on February 3, May 3, August 3, and November 3 of each year, beginning February 3, 2005. The Trust will pay distributions only when it has funds available for payment.

Holders of the capital securities will have no voting rights, except as described in the sections of the attached prospectus entitled “Description of the Capital Securities — Voting Rights” and “Description of Guarantee — Amendment and Assignment” on pages 19 and 35 of the attached prospectus, respectively, and as otherwise required by law and the declaration of trust.

Full Prospectus PDF », BAC Page »

Redeemable?:Yes
Call Date:11/3/2009 (Now Trading Post Call Date)
Maturity Date:11/3/2034
Cumulative?:Yes
Shares Offered:20,000,000
Overallotment:3,000,000
Liquidation Preference:$25
Original Coupon:6.000%
Pay Period:Quarterly
Pay Dates:3-Feb, 3-May, 3-Aug, 3-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:  76 (see which ones)
Total Market Value Held by ETFs:  $6,613,007,827
Total Market Capitalization:  $181,514,000,000
% of Market Cap. Held by ETFs:  3.64%

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