Free Writing Prospectus - Filing Under Securities Act Rules 163/433 (fwp)
21 Gennaio 2021 - 10:50PM
Edgar (US Regulatory)
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Filed pursuant to Rule 433
Registration Statement No. 333-224523
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BANK OF AMERICA CORPORATION
PREFERRED STOCK, SERIES PP
$915,000,000
36,600,000 Depositary Shares, Each Representing a 1/1,000th Interest in a Share of Bank of America Corporation 4.125% Non-Cumulative
Preferred Stock, Series PP
FINAL TERM SHEET
Dated January 21, 2021
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Issuer:
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Bank of America Corporation
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Security:
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Depositary Shares, each representing a 1/1,000th interest in a share of Bank of America Corporation 4.125% Non-Cumulative Preferred Stock, Series PP
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Expected Ratings:
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Baa3 (Moody’s) / BBB- (S&P) / BBB (Fitch)
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Size:
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$915,000,000 ($25 per Depositary Share)
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Over-allotment Option:
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None
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Public Offering Price:
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$25 per Depositary Share
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Maturity:
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Perpetual
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Trade Date:
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January 21, 2021
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Settlement Date:
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January 28, 2021 (T+5)
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Dividend Rate (Non-Cumulative):
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4.125%
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Dividend Payment Dates:
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February 2, May 2, August 2, and November 2 of each year beginning on May 2, 2021, each subject to following unadjusted business day convention
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Day Count:
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30/360
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Business Days:
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New York/Charlotte
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Optional Redemption:
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Anytime on or after February 2, 2026 and earlier upon certain events involving a capital treatment event as described and subject to limitations in the preliminary prospectus
supplement dated January 21, 2021 (the “Preliminary Prospectus Supplement”)
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Listing:
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Application will be made to list the Depositary Shares on the New York Stock Exchange (“NYSE”) under the symbol “BAC PrP”. Trading of the Depositary Shares on
the NYSE is expected to commence within a 30-day period after the original issuance date of the Depositary Shares.
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Sole Book-Runner:
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BofA Securities, Inc.
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Joint Lead Managers:
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J.P. Morgan Securities LLC
Morgan Stanley & Co. LLC
RBC Capital
Markets, LLC
UBS Securities LLC
Wells
Fargo Securities, LLC
Citigroup Global Markets Inc.
TD Securities (USA) LLC
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Co-Managers:
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Keefe, Bruyette & Woods, Inc.
Raymond James & Associates, Inc.
Apto Partners, LLC
Loop Capital Markets LLC
Multi-Bank Securities,
Inc.
Roberts & Ryan Investments, Inc.
R. Seelaus & Co., LLC
Stern Brothers & Co.
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CUSIP/ISIN for the Depositary Shares:
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06055H608 / US06055H6080
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Bank of
America Corporation (the “Issuer”) has filed a registration statement (including the Preliminary Prospectus Supplement and the prospectus dated June 29, 2018) 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 BofA Securities, Inc., toll free at 1-800-294-1322. You may
also request copies by e-mail from fixedincomeir@bankofamerica.com or dg.prospectus_requests@bofa.com.
Grafico Azioni Bank of America (NYSE:BAC)
Storico
Da Mar 2024 a Apr 2024
Grafico Azioni Bank of America (NYSE:BAC)
Storico
Da Apr 2023 a Apr 2024
