0001193125-11-135588.txt : 20110511 0001193125-11-135588.hdr.sgml : 20110511 20110511130151 ACCESSION NUMBER: 0001193125-11-135588 CONFORMED SUBMISSION TYPE: FWP PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20110511 DATE AS OF CHANGE: 20110511 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: BANK OF AMERICA CORP /DE/ CENTRAL INDEX KEY: 0000070858 STANDARD INDUSTRIAL CLASSIFICATION: NATIONAL COMMERCIAL BANKS [6021] IRS NUMBER: 560906609 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: FWP SEC ACT: 1934 Act SEC FILE NUMBER: 333-158663 FILM NUMBER: 11831138 BUSINESS ADDRESS: STREET 1: BANK OF AMERICA CORPORATE CENTER STREET 2: 100 N TRYON ST CITY: CHARLOTTE STATE: NC ZIP: 28255 BUSINESS PHONE: 7043868486 MAIL ADDRESS: STREET 1: BANK OF AMERICA CORPORATE CENTER STREET 2: 100 N TRYON ST CITY: CHARLOTTE STATE: NC ZIP: 28255 FORMER COMPANY: FORMER CONFORMED NAME: BANKAMERICA CORP/DE/ DATE OF NAME CHANGE: 19981022 FORMER COMPANY: FORMER CONFORMED NAME: NATIONSBANK CORP DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: NCNB CORP DATE OF NAME CHANGE: 19920107 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BANK OF AMERICA CORP /DE/ CENTRAL INDEX KEY: 0000070858 STANDARD INDUSTRIAL CLASSIFICATION: NATIONAL COMMERCIAL BANKS [6021] IRS NUMBER: 560906609 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: FWP BUSINESS ADDRESS: STREET 1: BANK OF AMERICA CORPORATE CENTER STREET 2: 100 N TRYON ST CITY: CHARLOTTE STATE: NC ZIP: 28255 BUSINESS PHONE: 7043868486 MAIL ADDRESS: STREET 1: BANK OF AMERICA CORPORATE CENTER STREET 2: 100 N TRYON ST CITY: CHARLOTTE STATE: NC ZIP: 28255 FORMER COMPANY: FORMER CONFORMED NAME: BANKAMERICA CORP/DE/ DATE OF NAME CHANGE: 19981022 FORMER COMPANY: FORMER CONFORMED NAME: NATIONSBANK CORP DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: NCNB CORP DATE OF NAME CHANGE: 19920107 FWP 1 dfwp.htm FREE WRITING PROSPECTUS Free Writing Prospectus

Filed Pursuant to Rule 433

Registration No. 333-158663

BANK OF AMERICA CORPORATION

MEDIUM-TERM NOTES, SERIES L

$300,000,000 REOPENING OF FLOATING RATE SENIOR NOTES, DUE JANUARY 2014

FINAL TERM SHEET

Dated May 10, 2011

 

Issuer:

    Bank of America Corporation

Ratings of this Series:

    A2 (Moody’s)/A (S&P)/A+ (Fitch)

Title of the Series:

    Floating Rate Senior Notes, due January 2014

Aggregate Principal Amount Initially Issued on February 2, 2011:

    $1,500,000,000

Aggregate Principal Amount to Be Issued in Reopening:

    $300,000,000

Total Aggregate Principal Amount,
After Giving Effect to the Reopening:

    $1,800,000,000

Issue Price:

    101.356% (3mL+92bps) (plus accrued interest)

Accrued Interest:

    $3.53 per each $5,000 in principal amount of the notes

Trade Date of Reopening:

    May 10, 2011

Settlement Date of Reopening:

    May 13, 2011 (T+3)

Maturity Date:

    January 30, 2014

Ranking:

    Senior, Unsecured

Minimum Denominations:

    $5,000 and multiples of $5,000 in excess of $5,000

Day Count Fraction:

    Actual/360

Base Rate:

    Three-Month LIBOR (Reuters)

Index Maturity:

    90 days

Spread:

    142 basis points

Interest Payment Dates and Interest
Reset Dates:

    January 30, April 30, July 30 and October 30 of each year, subject to adjustment in accordance with the modified following business day convention.

Interest Periods:

    Quarterly. The initial interest period for the notes issued in the reopening will be the period from, and including, the Settlement Date of the Reopening to, but excluding, July 30, 2011, the first Interest Payment Date after the reopening. The subsequent interest periods will be the periods from, and including, the applicable Interest Payment Date to, but excluding, the next Interest Payment Date or the Maturity Date, as applicable.

Interest Determination Dates:

    Second London banking day prior to applicable Interest Reset Date

Optional Redemption:

    None

Listing:

    None

Lead Manager and Sole Book-Runner:

    Merrill Lynch, Pierce, Fenner & Smith Incorporated

Senior Co-Managers:

    ABN AMRO Bank N.V., Banca IMI S.p.A., Caja de Ahorros y Monte de Piedad de Madrid, Credit Suisse Securities (USA) LLC, Lloyds Securities Inc., Mizuho Securities USA Inc., Scotia Capital (USA) Inc., Standard Chartered Bank, TD Securities (USA) LLC

Junior Co-Managers:

    Aladdin Capital LLC, The Williams Capital Group, L.P.

CUSIP:

    06051GEF2

ISIN:

    US06051GEF28

 

1

Bank of America Corporation (the “Issuer”) has filed a registration statement (including a pricing supplement, a prospectus supplement, and a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read those documents and the other documents that the Issuer has filed with the SEC for more complete information about the Issuer and this offering. You may obtain these documents for free by visiting EDGAR on the SEC website at www.sec.gov. Alternatively, the lead manager will arrange to send you the pricing supplement, the prospectus supplement, and the prospectus if you request them by contacting Merrill Lynch, Pierce, Fenner & Smith Incorporated, toll free at 1-800-294-1322. You may also request copies by e-mail from fixedincomeir@bankofamerica.com or dg.prospectus_requests@baml.com.

 

2