Bond America Bank 5.875% ( US060505FL38 ) in USD

Issuer America Bank
Market price refresh price now   100 %  ▲ 
Country  United States
ISIN code  US060505FL38 ( in USD )
Interest rate 5.875% per year ( payment 2 times a year)
Maturity Perpetual



Prospectus brochure of the bond Bank of America US060505FL38 en USD 5.875%, maturity Perpetual


Minimal amount 1 000 USD
Total amount 2 350 000 000 USD
Cusip 060505FL3
Standard & Poor's ( S&P ) rating BBB- ( Lower medium grade - Investment-grade )
Moody's rating N/A
Next Coupon 15/09/2025 ( In 29 days )
Detailed description Bank of America is a multinational investment bank and financial services corporation headquartered in Charlotte, North Carolina, offering a wide range of financial products and services to individual and corporate clients globally.

This financial analysis focuses on a specific debt instrument issued by Bank of America, identified by ISIN US060505FL38 and CUSIP 060505FL3. As one of the largest and most prominent financial institutions globally, Bank of America, headquartered in the United States, serves a vast client base ranging from individual consumers to large corporations through its comprehensive suite of banking, investing, asset management, and other financial and risk management products and services. The bond, denominated in USD, currently trades at 100% of its face value in the market. It carries a fixed interest rate of 5.875%, with payments distributed semi-annually to bondholders. The total size of this particular issuance stands at $2.35 billion, with a minimum purchase increment set at $1,000. A distinctive characteristic of this bond is its perpetual maturity, meaning it does not have a fixed redemption date, a feature often associated with deeply subordinated debt instruments that may include issuer call options. This instrument has received a credit rating of 'BBB-' from Standard & Poor's (S&P), positioning it within the investment-grade category, reflecting S&P's assessment of Bank of America's capacity to meet its financial commitments for this obligation.







FWP
https://www.sec.gov/Archives/edgar/data/70858/00011931251807555...
FWP 1 d540965dfwp.htm 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
[email protected] or [email protected].
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