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

$2,000,000,000

3.750% SENIOR NOTES, DUE JULY 2016

FINAL TERM SHEET

Dated July 7, 2011

 

Issuer:

    Bank of America Corporation

Ratings of this Series:

    A2 (Moody’s)/A (S&P)/A+ (Fitch)

Title of the Series:

    3.750% Senior Notes, due July 2016

Aggregate Principal Amount Initially

Being Issued:

    $2,000,000,000

Issue Price:

    99.806%

Trade Date:

    July 7, 2011

Settlement Date:

    July 12, 2011 (T+3)

Maturity Date:

    July 12, 2016

Ranking:

    Senior

Minimum Denominations:

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

Day Count Fraction:

    30/360

Interest Rate:

    3.750%

Interest Payment Dates:

   

January 12 and July 12 of each year, beginning January 12, 2012,

subject to following business day convention (unadjusted).

Interest Periods:

    Semi-annual

Treasury Benchmark:

    5 year U.S. Treasury, due June 30, 2016

Treasury Yield:

    1.743%

Treasury Benchmark Price:

    98-27

Spread to Treasury Benchmark:

    +205bps

Reoffer Yield:

    3.793%

Optional Redemption:

    None

Listing:

    None

Lead Manager and Sole Book-Runner:

    Merrill Lynch, Pierce, Fenner & Smith Incorporated

Senior Co-Managers:

   

Lloyds Securities Inc., Mizuho Securities USA Inc.,

UBS Securities LLC

Junior Co-Managers:

    CastleOak Securities, L.P., Loop Capital Markets LLC

CUSIP:

    06051GEK1

ISIN:

    US06051GEK13

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.

 

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