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Bank of America Corp | 6.000% Non-Cumulative Preferred Stock, Series GG (BAC.PRB)
Prospectus excerpt: Bank of America Corporation is offering 48,000,000 depositary shares, each representing a 1/1,000th interest in a share of our perpetual 6.000% Non-Cumulative Preferred Stock, Series GG, $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 for the Preferred Stock, to a proportional fractional interest in all rights and preferences of the Preferred Stock represented by the depositary share. We may at our option redeem the Preferred Stock at any time on or after May 16, 2023, in whole or in part, at a redemption price equal to $25,000 per share (equivalent to $25 per depositary share), plus any accrued and unpaid dividends for the then-current dividend period to, but excluding, the redemption date, without accumulation of any undeclared dividends. We also may redeem the Preferred Stock upon the occurrence of certain events involving capital treatment as described in this prospectus supplement. Redeeming the Preferred Stock will cause the corresponding depositary shares to be redeemed. Full Prospectus PDF », Secondary Prospectus PDF », BAC Page »
Series: | GG | Alternate symbology: | BAC-B, BAC-PB, BACprB | Redeemable?: | Yes | Call Date: | 5/16/2023 (Now Trading Post Call Date) | Perpetual?: | Yes | Cumulative?: | No | Shares Offered: | 48,000,000 | Liquidation Preference: | $25.00 | Recent Market Price: | $25.18 | Premium to Liquidation Preference: (More Preferreds Trading at a Premium ») | $0.18 (0.72%) | Annualized Dividend: | 1.5 | Recent Ex-Date: | 4/30/2024 | Current Yield: | 5.96% | Original Coupon: | 6.00% | Pay Period: | Quarterly | Pay Dates: | 16-Feb, 16-May, 16-Aug, 6-Nov | CDx3 Compliance Rating: |
Learn BAC.PRB's Rating
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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 Open the BAC Information Page »
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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: |
$32,292,777,655.68 |
Total Market Capitalization: |
$303,650,000,000 |
% of Market Cap. Held by ETFs: |
10.63% |
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