0001193125-18-075551.txt : 20180309 0001193125-18-075551.hdr.sgml : 20180309 20180308202233 ACCESSION NUMBER: 0001193125-18-075551 CONFORMED SUBMISSION TYPE: FWP PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20180309 DATE AS OF CHANGE: 20180308 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: 333-202354 FILM NUMBER: 18678262 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 d540965dfwp.htm FWP FWP

Filed Pursuant to Rule 433

Registration No. 333-202354

BANK OF AMERICA CORPORATION

PREFERRED STOCK, SERIES FF

$2,350,000,000

2,350,000 Depositary Shares, Each Representing a 1/25th Interest in a Share of

Bank of America Corporation Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series FF

FINAL TERM SHEET

Dated March 8, 2018

 

Issuer:    Bank of America Corporation
Security:    Depositary Shares, each representing a 1/25th interest in a share of Bank of America Corporation Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series FF
Expected Ratings:    Ba1 (Moody’s) / BBB- (S&P) / BB+ (Fitch)
Size:    $2,350,000,000 ($1,000 per Depositary Share)
Public Offering Price:    $1,000 per Depositary Share
Maturity:    Perpetual
Trade Date:    March 8, 2018
Settlement Date:    March 15, 2018 (T+5)
Dividend Rate (Non-Cumulative):    From March 15, 2018 to, but excluding, March 15, 2028, 5.875% and from and including March 15, 2028, Three-Month LIBOR plus 293.1 basis points
Dividend Payment Dates:    Beginning September 15, 2018, each March 15 and September 15 through March 15, 2028, subject to following business day convention (unadjusted) and thereafter each March 15, June 15, September 15, and December 15 in accordance with the modified following business day convention (adjusted)
Day Count:    From March 15, 2018 to, but excluding, March 15, 2028, 30/360 and thereafter Actual/360
Business Days:    From March 15, 2018, to but excluding, March 15, 2028, New York/Charlotte and thereafter New York/Charlotte/London
Optional Redemption:    Anytime on or after March 15, 2028 and earlier upon certain events involving a capital treatment event as described and subject to limitations in the prospectus supplement dated March 8, 2018 (the “Prospectus Supplement”)
Sole Book-Runner:   

Merrill Lynch, Pierce, Fenner & Smith

                     Incorporated

Junior Co- Managers:   

CastleOak Securities, L.P.

Drexel Hamilton, LLC

Great Pacific Securities

Penserra Securities LLC

CUSIP/ISIN for the Depositary Shares:    060505FL3 / US060505FL38

 

Bank of America Corporation (the “Issuer”) has filed a registration statement (including 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 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.