Preferred Stock Channel
Bank of America Corp | 6.500% Non-Cumulative Preferred Stock (BAC.PRY)

This preferred is marked as having been called.
Prospectus excerpt:  Bank of America Corporation is offering 40,000,000 depositary shares, each representing a 1/1,000th interest in a share of our perpetual 6.500% Non-Cumulative Preferred Stock, Series Y, $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, to a proportional fractional interest in all rights and preferences of the Preferred Stock represented by the depositary share.

Full Prospectus PDF », BAC Page »

Alternate symbology:BAC-Y, BAC-PY, BACprY
Redeemable?:No
Call Date:1/27/2020 (Now Trading Post Call Date)
Perpetual?:Yes
Cumulative?:Yes
Shares Offered:40,000,000
Overallotment:4,000,000
Liquidation Preference:$25
Original Coupon:6.50%
Pay Period:Quarterly
Pay Dates:27-Jan, 27-Apr, 27-Jul, 27-Oct
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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