CHARLOTTE, N.C.--(BUSINESS WIRE)--Bank of America Corporation announced that it is calling for redemption in full on July 15, 2012 the remaining principal amount of (a) $218,643,825 of its outstanding 6.500 percent Subordinated InterNotes® due October 15, 2032, CUSIP 060505401, NYSE Symbol IKJ and (b) $100,277,850 of its outstanding 5.500 percent Subordinated InterNotes® due July 15, 2033, CUSIP 060505500, NYSE Symbol IKL (collectively, the “Notes”). Each series of the Notes will be redeemed at a price equal to 100 percent of the principal amount of that series, plus the applicable unpaid interest accrued to July 15, 2012. From and after July 15, 2012, no interest will accrue on the Notes, and the only remaining right of holders of the Notes will be to receive the redemption price.
The Notes are to be surrendered to The Bank of New York Mellon, as trustee and paying agent, in exchange for the redemption price.
The address of the Trustee/Paying Agent is as follows:
|The Bank of New York Mellon|
|101 Barclay Street|
|New York, New York 10286|
This press release is for information purposes only and shall not constitute an offer to purchase or redeem the Notes.
Bank of America
Bank of America is one of the world's largest financial institutions, serving individual consumers, small- and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. The company provides unmatched convenience in the United States, serving approximately 57 million consumer and small business relationships with approximately 5,700 retail banking offices and approximately 17,250 ATMs and award-winning online banking with 30 million active users. Bank of America is among the world's leading wealth management companies and is a global leader in corporate and investment banking and trading across a broad range of asset classes, serving corporations, governments, institutions and individuals around the world. Bank of America offers industry-leading support to approximately 4 million small business owners through a suite of innovative, easy-to-use online products and services. The company serves clients through operations in more than 40 countries. Bank of America Corporation stock (NYSE: BAC) is a component of the Dow Jones Industrial Average and is listed on the New York Stock Exchange.
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