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Bank of America Corp | 4.125% Depositary Shares Non-Cumul Preferred Stock Ser PP (BAC.PRP)
Prospectus excerpt: Bank of America Corporation is offering 36,600,000 depositary shares, each representing a 1/1,000th interest in a share of our perpetual 4.125% Non-Cumulative Preferred Stock, Series PP, $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. Holders of the Preferred Stock will be entitled to receive, only when, as, and if declared by our board of directors or a duly authorized committee thereof, and to the extent we have funds legally available for the payment of dividends, non-cumulative cash dividends, payable in arrears at a fixed rate equal to 4.125% per annum (equivalent to $1.03125 per depositary share per annum). Full Prospectus PDF », Secondary Prospectus PDF », BAC Page »
Series: | PP | Alternate symbology: | BAC-P, BAC-PP, BACprP | Redeemable?: | Yes | Call Date: | 2/2/2026 | Perpetual?: | Yes | Cumulative?: | No | Shares Offered: | 36,600,000 | Liquidation Preference: | $25.00 | Recent Market Price: | $17.81 | Discount to Liquidation Preference: (More Preferreds Trading at a Discount ») | $-7.19 (-28.76%) | Annualized Dividend: | 1.03125 | Recent Ex-Date: | 4/12/2024 | Current Yield: | 5.79% | Original Coupon: | 4.125% | Pay Period: | Quarterly | Pay Dates: | 2-Feb, 2-May, 2-Aug, 2-Nov | CDx3 Compliance Rating: |
Learn BAC.PRP'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: |
115 (see which ones) |
Total Market Value Held by ETFs: |
$28,619,764,498.13 |
Total Market Capitalization: |
$274,448,000,000 |
% of Market Cap. Held by ETFs: |
10.43% |
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