-----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, DdrIENK4AxKOR4hK+aLE2fQl4v4PvdaSZODCAbpd2ngLr55/Mxf3LfhOi0wiXFP+ sFknaJ845UImEr4eXrAtRw== 0000898430-96-000563.txt : 19960216 0000898430-96-000563.hdr.sgml : 19960216 ACCESSION NUMBER: 0000898430-96-000563 CONFORMED SUBMISSION TYPE: 424B5 PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19960215 SROS: NASD FILER: COMPANY DATA: COMPANY CONFORMED NAME: BANKAMERICA CORP CENTRAL INDEX KEY: 0000009672 STANDARD INDUSTRIAL CLASSIFICATION: NATIONAL COMMERCIAL BANKS [6021] IRS NUMBER: 941681731 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 424B5 SEC ACT: 1933 Act SEC FILE NUMBER: 033-54385 FILM NUMBER: 96521405 BUSINESS ADDRESS: STREET 1: BANK OF AMERICA CTR STREET 2: 555 CALIFORNIA ST CITY: SAN FRANCISCO STATE: CA ZIP: 94104 BUSINESS PHONE: 4156223530 MAIL ADDRESS: STREET 1: 555 CALIFORNIA STREET CITY: SAN FRANCISCO STATE: CA ZIP: 94104 424B5 1 PRICING SUPPLEMENT 32 Rule 424(b)(5) File No. 33-54385 PRICING SUPPLEMENT NO. 32 DATED February 14, 1996 (To Prospectus Supplement dated August 22, 1994, including the Prospectus dated August 22, 1994) $3,000,000 BANKAMERICA CORPORATION SENIOR MEDIUM-TERM NOTES, SERIES I --------- Floating Rate Notes [_] 5.55% Fixed Rate Notes [x] Book Entry Notes [x] Certificated Notes [_] Original Issue Date: February 20, 1996 Stated Maturity: February 15, 2001 Extended Notice of Maturity Extension Date(s) Date(s) -------- --------- N/A N/A Redemption Redemption Specified Date(s) Price(s) Currency: U.S. Dollars ------- -------- Authorized N/A N/A Denominations (Only applicable if Specified Currency is other than U.S. Dollars): N/A Repayment Repayment Date(s) Price(s) - --------- --------- Interest Payment N/A N/A Period: Semi-annual Interest Payment Dates: Each February 15 and August 15, commencing on August 15, 1996, and at Maturity Total Amount of OID: N/A Yield to Maturity: N/A Initial Accrual Period OID and Designated Method: N/A
---------------------- (Continued on the next page) Trade Date: February 14, 1996 Agent's Commission: N/A Name of Agent: BA Securities, Inc. Proceeds to Corporation: $2,998,230 [_] Agent is acting as agent for [X] Agent is purchasing Notes from the sale of Notes by the the Corporation at 99.941% of their Corporation at a price to principal amount as principal for public of: resale to investors and other purchasers at: [_] 100% of the principal amount [x] a fixed initial public offering [_] % of the principal amount price of 100% of the principal. [_] a fixed initial public offering price of % of the principal amount. [_] varying prices relating to prevailing market prices at time of resale to be determined by Agent.
CERTAIN UNITED STATES FEDERAL INCOME TAX CONSEQUENCES ----------------------------------------------------- The following supplements the discussion set forth in the Prospectus Supplement under the heading "Certain United States Federal Income Tax Consequences." On December 15, 1994, the Internal Revenue Service released proposed Treasury regulations (the "Proposed Regulations") which relate to variable rate debt instruments and contingent payment debt instruments. The Proposed Regulations contain proposed amendments to the final Treasury regulations issued on January 27, 1994 relating to variable rate debt instruments. The Proposed Regulations also supersede the proposed Treasury regulations relating to contingent payment debt instruments previously released by the Internal Revenue Service in 1986 and 1991, the latter of which provided rules to bifurcate certain contingent payment debt instruments into their component parts. In general, the Proposed Regulations are proposed to be effective for debt instruments issued on or after the date that is 60 days after final regulations are published. Accordingly, with respect to "qualifying variable rate" debt instruments, the following are the material changes to the discussion in the fifth and sixth paragraphs under the heading "Certain United States Federal Income Tax Consequences--Original Issue Discount" in the Prospectus Supplement: (1) The Proposed Regulations would change the phrase "less than one year" to "one year or less" with respect to debt instruments providing for interest stated at an initial fixed rate followed by a variable rate that is either a qualified floating rate or an objective rate for a subsequent period. This change is proposed to be effective for debt instruments issued on or after April 4, 1994. (2) The Proposed Regulations would change the definition of an "objective rate" to a rate (other than a qualified floating rate) that is determined using a single fixed formula and that is based on objective financial or economic information. The rate, however, must not be based on information that is within the control of the issuer (or a related party) or that is, in general, unique to the circumstances of the issuer (or a related party), such as dividends, profits, or the value of the issuer's stock. This change is proposed to be effective for debt instruments issued on or after the date that is 60 days after final regulations are published. (3) The Proposed Regulations make it clear with respect to variable rate debt instruments that provide for annual payments of interest at a single variable rate, that the qualified stated interest allocable to an accrual period is increased (or decreased) if the interest actually paid during an accrual period exceeds (or is less than) the interest assumed to be paid during the accrual period. This clarification is proposed to be effective for debt instruments issued on or after April 4, 1994. With respect to variable rate debt instruments that do not bear interest at a "qualifying variable rate," and accordingly will be treated as contingent payment debt instruments, the discussion in the seventh paragraph under the heading "Certain United States Federal Income Tax Consequences--Original Issue Discount" does not reflect the Proposed Regulations that were released on December 15, 1994, which supersede the proposed regulations described in that paragraph. In the event the Corporation issues contingent payment debt instruments, the applicable pricing supplement will describe the material federal income tax consequences. ------------------ PLAN OF DISTRIBUTION -------------------- The following supplements the discussion set forth in the Prospectus Supplement under the heading "Plan of Distribution." Any offer or sale of the Notes will comply with the requirements of Schedule E of the By-Laws of the National Association of Securities Dealers, Inc. (the "NASD") regarding underwriting securities of an affiliate. No NASD member participating in the offering of the Notes will execute a transaction in the Notes in a discretionary account without the prior written specific approval of the member's customer. ----------------- BA SECURITIES, INC. -----END PRIVACY-ENHANCED MESSAGE-----