-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, CCusltZIYLV4/KeHQp5ED6Si+6w0O2MEXbYWQhNJqn234zZy5K4jccRv8FrbEFzv pNCAYvNs2zG5gEi0CNAWKw== 0001047469-98-032674.txt : 19980826 0001047469-98-032674.hdr.sgml : 19980826 ACCESSION NUMBER: 0001047469-98-032674 CONFORMED SUBMISSION TYPE: 424B3 PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19980825 SROS: NYSE FILER: COMPANY DATA: COMPANY CONFORMED NAME: BANKBOSTON CORP CENTRAL INDEX KEY: 0000036672 STANDARD INDUSTRIAL CLASSIFICATION: NATIONAL COMMERCIAL BANKS [6021] IRS NUMBER: 042471221 STATE OF INCORPORATION: MA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 424B3 SEC ACT: SEC FILE NUMBER: 333-38135 FILM NUMBER: 98697536 BUSINESS ADDRESS: STREET 1: 100 FEDERAL ST CITY: BOSTON STATE: MA ZIP: 02110 BUSINESS PHONE: 6174342200 FORMER COMPANY: FORMER CONFORMED NAME: BANK OF BOSTON CORP DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: FIRST NATIONAL BOSTON CORP DATE OF NAME CHANGE: 19830414 424B3 1 424B3 Pricing Supplement No. 11 dated August 19, 1998 Registration No. 333-38135 (To Prospectus Supplement dated November 25, 1997 Rule 424(b)(3) and Prospectus dated November 21, 1997) BANKBOSTON CORPORATION MEDIUM-TERM NOTES Due Nine Months or More from Date of Issue --------------------- Except as set forth herein, the Senior Notes offered hereby are "Floating Rate Notes" and have such terms as are described in the accompanying Prospectus Supplement dated November 25, 1997, relating to Floating Rate Notes. DTC CUSIP #: 06605 TAJ1 Principal Amount: $300,000,000.00 Issue Date (Settlement Date): August 24, 1998 Stated Maturity Date: August 24, 2001 Issue Price: 99.930% of Principal Amount Interest Rate(s) (Fixed Rate Notes): N/A Initial Interest Rate (Floating Rate Notes): 5.8125% Interest Payment Dates: / / June 15 and December 15 of each year. /x/ Other: February 24, May 24, August 24 and November 24 of each year, or the next Business Day, commencing November 24, 1998 Record Dates: /x/ Fifteenth calendar day (whether or not a Business Day) immediately preceding each Interest Payment Date. Interest Rate Basis / / CMT Rate (Floating Rate Notes): / / Commercial Paper Rate / / Eleventh District Cost of Funds Rate / / Federal Funds Rate /x/ LIBOR Telerate / / LIBOR Reuters / / Prime Rate / / Treasury Rate / / Other: Interest Calculation (Floating Rate Notes): /x/ Regular Floating Rate Note / / Floating Rate/Fixed Rate Note Fixed Rate Commencement Date: Fixed Interest Rate: / / Inverse Floating Rate Note Fixed Interest Rate: Index Maturity (Floating Rate Notes): 3 Month LIBOR Index Currency (LIBOR Notes): U.S. Dollars Designated LIBOR Page (LIBOR Notes): Telerate 3750 Designated CMT Telerate Page (CMT Rate Notes): N/A Designated CMT Maturity Index (CMT Rate Notes): N/A Prime Rate Notes (Floating Rate Notes): N/A Spread (Plus or Minus) (Floating Rate Notes): Plus .125% Spread Multiplier (Floating Rate Notes): N/A Interest Rate Formula (Floating Rate Notes): LIBOR +.125% 2 Interest Reset Dates (Floating Rate Notes): Quarterly, same as Interest Payment Dates Interest Determination Dates (Floating Rate Notes): 2 London Business Days prior to Interest Reset Dates Calculation Agent (if other than the Bank) (Floating Rate Notes): N/A Minimum Interest Rate (Floating Rate Notes): N/A Maximum Interest Rate (Floating Rate Notes): N/A Redemption Date(s): N/A Initial Redemption Percentage: N/A Annual Redemption Percentage Reduction: N/A Holder's Optional Repayment Date(s): N/A Day Count Convention (Floating Rate Notes): / / 30/360 for the period from _________ to _________. /x/ Actual/360 for the period from August 24, 1998 to August 24, 2001. Original Issue Discount Note: / / Yes /x/ No Total Amount of OID: N/A Yield to Maturity: N/A Interest Accrual Period: N/A Default Rate: N/A Other Provisions: Terms used but not defined in this Pricing Supplement shall have the meanings specified in the above-referenced Prospectus Supplement. 3 DESCRIPTION OF NOTES On August 6, 1998, the Corporation authorized an increase in the aggregate initial offering price of Senior and Subordinated Medium-Term Notes that may be issued and sold from time to time under the Corporation's Medium-Term Note Program from $1,000,000,000 to $1,500,000,000, or the equivalent thereof in one or more foreign or composite currencies. As of the date hereof, $765,000,000 aggregate initial offering price of Senior Medium-Term Notes had been issued, all of which are currently outstanding, and no Subordinated Medium-Term Notes had been issued. PURCHASE AS PRINCIPAL This Pricing Supplement relates to $300,000,000 aggregate principal amount of Senior Notes that are being purchased, as principal, by Chase Securities Inc., BancBoston Securities Inc., Lehman Brothers Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated and Salomon Brothers Inc (collectively, the "Underwriters"). Subject to certain conditions precedent, the Underwriters have severally but not jointly agreed to purchase from the Corporation the respective amounts of the Senior Notes set forth opposite their names below.
Principal Amount of Senior Underwriter Notes ----------- ------------ Chase Securities Inc.................................... 60,000,000 BancBoston Securities Inc............................... 60,000,000 Lehman Brothers Inc..................................... 60,000,000 Merrill Lynch, Pierce, Fenner & Smith Incorporated...... 60,000,000 Salomon Brothers Inc.................................... 60,000,000 ------------ $300,000,000 ------------ ------------
The Underwriters have advised the Corporation that they propose initially to offer the Senior Notes to the public at a public offering price of 99.930 percent of the principal amount (plus accrued interest, if any, from August 24, 1998), or $299,790,000 in the aggregate. After the initial public offering, the public offering price, concession and discount may be changed. The Underwriters will purchase the Senior Notes from the Corporation at the public offering price, less a discount of .35 percent of the principal amount, or $1,050,000 in the aggregate. Accordingly, the net proceeds payable by the Underwriters to the Corporation from the sale of the Senior Notes will be 99.58% of the principal amount, or $298,740,000, before deduction of expenses payable by the Corporation. 4 -----END PRIVACY-ENHANCED MESSAGE-----