Preferred Stock Channel
Bank of America Corp | 5.000% Non-Cumulative Preferred Stock, Series LL (BAC.PRN)

Prospectus excerpt:  Bank of America Corporation is offering 52,400,000 depositary shares, each representing a 1/1,000th interest in a share of our perpetual 5.000% Non-Cumulative Preferred Stock, Series LL, $0.01 par value, with a liquidation preference of $25,000 per share (equivalent to $25 per depositary share) (the ˘Preferred Stock÷). 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 September 17, 2024, 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 », BAC Page »

Series:LL
Alternate symbology:BAC-N, BAC-PN, BACprN
Redeemable?:Yes
Call Date:9/17/2024
Perpetual?:Yes
Cumulative?:No
Shares Offered:52,400,000
Liquidation Preference:$25
Recent Market Price:$26.96
Premium to Liquidation Preference:
(More Preferreds Trading at a Premium »)
$1.96 (7.84%)
Annualized Dividend:1.25
Recent Ex-Date:11/30/2020
Current Yield:4.64%
Original Coupon:5.00%
Pay Period:Quarterly
Pay Dates:17-Mar, 17-Jun, 17-Sep, 17-Dec
Bank of America is a bank and a financial holding company. Through its subsidiaries, Co. provides a range of banking, investing, asset management and other financial and risk management products and services. Co.'s segments include: Consumer Banking, which provides credit, banking and investment products and services; Global Wealth & Investment Management, which provides investment management, brokerage, banking and retirement products; Global Banking, which provides lending-related products and services, integrated working capital management and treasury solutions, and underwriting and advisory services; and Global Markets, which provides sales and trading services and research services.

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, BAC.PRA, BAC.PRB, BAC.PRK, BAC.PRM, BAC.PRN


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Name:  Bank of America Corp
Website:  www.bankofamerica.com
Sector:  Banking & Savings
Number of ETFs Holding BAC:  113 (see which ones)
Total Market Value Held by ETFs:  $21,219,985,703.25
Total Market Capitalization:  $233,398,000,000
% of Market Cap. Held by ETFs:  9.09%

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