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

Prospectus excerpt:  The liquidation amount for each capital security is $25. 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 an equal 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 any 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 August 25, 2005. The Trust will pay distributions quarterly in arrears on February 25, May 25, August 25, and November 25 of each year, beginning November 25, 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 20 and 37 of the attached prospectus, respectively, and as otherwise required by law and the declaration of trust.

Full Prospectus PDF », BAC Page »

Alternate symbology:BAC-Z, BAC-PZ, BACprZ
Call Date:8/25/2010 (Now Trading Post Call Date)
Maturity Date:8/25/2035
Shares Offered:20,000,000
Liquidation Preference:$25
Recent Market Price:$25.62
Premium to Liquidation Preference:
(More Preferreds Trading at a Premium »)
$0.62 (2.48%)
Annualized Dividend:1.50
Recent Ex-Date:5/20/2016
Current Yield:5.86%
Original Coupon:6.000%
Pay Period:Quarterly
Pay Dates:25-Feb, 25-May, 25-Aug, 25-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. 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. provides its services and products through five segments: Consumer Banking, Global Wealth & Investment Management, Global Banking, Global Markets and Legacy Assets & Servicing. As of Dec 31 2015, Co. had total assets of $2.14 trillion and total deposits of $1.20 trillion.


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Name:  Bank of America Corp.
Sector:  Banking & Savings
Number of ETFs Holding BAC:  81 (see which ones)
Total Market Value Held by ETFs:  $4,410,664,176.13
Total Market Capitalization:  $150,792,000,000
% of Market Cap. Held by ETFs:  2.92%

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