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Capital Issuances

Capital Issuances

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Preferred Stock Issues Outstanding as of September 10, 2019

Name (1) CUSIP Ticker Issue Date Maturity Date Per Annum Dividend Rate Dividend Payment Dates Cumulative (C) or Non-Cumulative (NC) First Redemption Date (2)
Series B n/a n/a Jun 1997 Perpetual 7.000% Jan 25
Apr 25
Jul 25
Oct 25
C Non-Callable
Series E (3) 060505815 BAC PrE Nov 2006 Perpetual Greater of 3-month LIBOR + 35 bps or 4%     Feb 15
May 15
Aug 15
Nov 15
NC 11/15/2011
Series F (4) 060505377 n/a Mar 2012 Perpetual Greater of 3-month LIBOR + 40 bps or 4%% Mar 15
Jun 15
Sep 15
Dec 15
NC 3/15/2012
Series G (4) 060505385 n/a Mar 2012 Perpetual Greater of 3-month LIBOR + 40 bps or 4% Mar 15
Jun 15
Sep 15
Dec 15
NC 3/15/2012
Series L Convertible 060505682 BAC PrL Jan 2008 Perpetual 7.250% Jan 30
Apr 30
Jul 30
Oct 30
NC Non-Callable
Series T n/a n/a Sep 2011 Perpetual 6.000% Oct 10
Jan 10
Apr 10
Jul 10
NC 5/7/2019
Series U (5) 060505ED2 n/a May 2013 Perpetual 5.20% to, but excluding, Jun 1, 2023; 3-month LIBOR + 313.5 bps thereafter Fixed
Jun 1
Dec 1

Floating Beginning 9/1/2023:
Mar 1
Jun 1
Sep 1
Dec 1
NC 6/1/2023
Series V (5) 060505EG5 n/a Jun 2014 Perpetual 5.125% to, but excluding, Jun 17, 2019; 3-month LIBOR + 338.7 bps thereafter Fixed
Jun 17
Dec 17

Floating Beginning 9/17/2019:
Mar 17
Jun 17
Sep 17
Dec 17
NC Partial Redemption settled on 8/2/2019 (7)
Series X (5) 060505EH3 n/a Sep 2014 Perpetual 6.250% to, but excluding Sep 5, 2024; 3-month LIBOR + 370.5 bps thereafter Fixed
Mar 5
Sep 5

Floating Beginning 12/5/2024:
Mar 5
Jun 5
Sep 5
Dec 5
NC 9/5/2024
Series Y (3) 060505310 BAC PrY Jan 2015 Perpetual 6.500% Jan 27
Apr 27
Jul 27
Oct 27
NC 1/27/2020
Series Z (5) 060505EL4 n/a Oct 2014 Perpetual 6.500% to, but excluding Oct 23, 2024; 3-month LIBOR + 417.4 bps thereafter Fixed
Apr 23
Oct 23

Floating Beginning 1/23/2025:
Jan 23
Apr 23
Jul 23
Oct 23
NC 10/23/2024
Series AA (5) 060505EN0 n/a Mar 2015 Perpetual 6.100% to, but excluding Mar 17, 2025; 3-month LIBOR + 389.8 bps thereafter Fixed
Mar 17
Sep 17

Floating Beginning 6/17/2025:
Mar 17
Jun 17
Sep 17
Dec 17
NC 3/17/2025
Series CC (3) 060505286 BAC PrC Jan 2016 Perpetual 6.200% Jan 29
Apr 29
Jul 29
Oct 29
NC 1/29/2021
Series DD (5) 060505EU4 n/a Mar 2016 Perpetual 6.300% to, but excluding, Mar 10, 2026; 3-month LIBOR + 455.3 bps thereafter Fixed
Mar 10
Sep 10

Floating Beginning 6/10/2026:
Mar 10
Jun 10
Sep 10
Dec 10
NC 3/10/2026
Series EE (3) 060505260 BAC PrA Apr 2016 Perpetual 6.000% Jan 25
Apr 25
Jul 25
Oct 25
NC 4/25/2021
Series FF (5) 060505FL3 n/a Mar 2018 Perpetual 5.875% to, but excluding, March 15, 2028; 3-month LIBOR + 293.1 bps thereafter Fixed
Mar 15
Sep 15

Floating Beginning 6/15/2028:
Mar 15
Jun 15
Sep 15
Dec 15
NC 3/15/2028
Series GG (3) 060505229 BAC PrB Mar 2018 Perpetual 6.000% Feb 16
May 16
Aug 16
Nov 16
NC 5/16/2023
Series HH (3) 060505195 BAC PrK Jul 2018 Perpetual 5.875% Jan 24
Apr 24
July 24
Oct 24
NC 7/24/2023
Series JJ (5) 060505FP4 n/a Jun 2019 Perpetual 5.125% to, but excluding, Jun 20, 2024; 3-month LIBOR + 329.2 bps thereafter Fixed:
Jun 20
Dec 20

Floating Beginning 9/20/2024:
Mar 20
Jun 20
Sep 20
Dec 20
NC 6/20/2024
Series KK (3) 06053U601 BAC PrM Jun 2019 Perpetual 5.375% Mar 25
Jun 25
Sep 25
Dec 25
NC 6/20/2024
Series LL (3) 06055H202 BAC PrN Sep 2019 Perpetual 5.000% Mar 17
Jun 17
Sep 17
Dec 17
NC 9/17/2024
Series 1 (6) 060505633 BML PrG Nov 2004 Perpetual Greater of 3-month LIBOR + 75 bps or 3% Feb 28
May 28
Aug 28
Nov 28
NC 11/28/2009
Series 2 (6) 060505625 BML PrH Mar 2005 Perpetual Greater of 3-month LIBOR + 65 bps or 3% Feb 28
May 28
Aug 28
Nov 28
NC 11/28/2009
Series 4 (6) 060505591 BML PrJ Nov 2005 Perpetual Greater of 3-month LIBOR + 75 bps or 4% Feb 28
May 28
Aug 28
Nov 28
NC 11/28/2010
Series 5 (6) 060505583 BML PrL Mar 2007 Perpetual Greater of 3-month LIBOR + 50 bps or 4% Feb 21
May 21
Aug 21
Nov 21
NC 5/21/2012

(1) Each series of preferred stock was issued by Bank of America Corporation (the "Corporation"). For more information about the Corporation's series of preferred stock, including certain voting rights, see the Corporation's Amended and Restated Certificate of Incorporation filed with the SEC.

(2) The Corporation may redeem series of preferred stock on or after the redemption date, in whole or in part, at its option, at the applicable redemption price plus declared and unpaid dividends. Series B and Series L preferred stock do not have early redemption/call rights.

(3) Ownership is held in the form of depositary shares each representing a 1/1000th interest in a share of preferred stock paying a quarterly cash dividend, if and when declared.

(4) Series F and Series G are held by BAC Capital Trust XIII and BAC Capital Trust XIV, respectively. Interests in BAC Capital Trust XIII and BAC Capital Trust XIV are represented by Hybrid Income Term Securities (HITS).

(5) Ownership is held in the form of depositary shares each representing a 1/25th interest in a share of preferred stock, paying a semi-annual cash dividend, if and when declared, until the date the securities first become redeemable, then adjusts to a quarterly cash dividend, if and when declared, thereafter.

(6) Ownership is held in the form of depositary shares, each representing a 1/1200th interest in a share of preferred stock, paying a quarterly cash dividend, if and when declared.

(7) For more detail on any announced redemption of these securities, please see the Financial Press Releases and Quarterly Earnings.

Note: n/a = not applicable

Trust Preferred and Hybrid Securities Issues Outstanding as of September 10, 2019

The following table is a summary of the outstanding Trust Preferred and Hybrid Securities as of September 10, 2019 as originated by Bank of America Corporation and its predecessor or affiliated companies.

Name CUSIP/ISIN Ticker Issue Date Maturity Date Per Annum Dividend Rate Dividend Payment Dates Cumulative (C) or Non-Cumulative (NC) Redemption Period
Bank of America
Capital Trust XV 05518WAA1 n/a May 2007 Jun 2056 3-month LIBOR + 80 bps Mar 1
Jun 1
Sept 1
Dec 1
C On or after 6/1/2037

For more details on the liquidation of Merrill Lynch Capital Trust I and Countrywide Capital III, please see our Form 8-K, which was filed with the SEC on September 17, 2018 and is available in the SEC Filings section.

Bank of America

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The financial and other information that may be accessed on this Investor Relations web site speaks only as of the particular dates referenced in the information or the dates the information was originally issued. This information may have since become superseded as a result of later circumstances or events. Bank of America does not undertake any obligation, and disclaims any duty, to update this information. In addition, this information may contain forward-looking statements that are subject to various risks and uncertainties that could cause actual outcomes or results to differ materially from those expressed in or implied by any forward-looking statement. The risks and uncertainties that could affect the company's actual outcomes or results are discussed more fully in our most recent Annual Report on Form 10-K, as well as any updated risks and uncertainties contained in subsequent reports filed with the Securities and Exchange Commission.