Bank of America 
100 North Tryon Street 
Charlotte, NC  28255 
Tel 704.386.5000

 

 

 

 

 

 

Pricing Supplement No. 282 dated December 21, 2001 (To Prospectus dated August 5, 1999 and Prospectus Supplement dated June 5, 2001)

Filed Pursuant to Rule 424(b)(2)
File Number 333-83503

 

 

Senior Medium-Term Notes, Series I

 

 

 

Principal Amount:

 

$25,000,000.00

Issue Price: 
Commission or Discount:
Proceeds to Corporation:

100.000% 
1.000% 
100.000% 

$25,000,000.00 
$ 250,000.00 
$24,000,000.00

 

 

Agent:

 Merrill Lynch,  as Principal

Original Issue Date:

 December 28, 2001

Stated Maturity Date:

December 28, 2041

Cusip#:

 06050MBS5

 Form:

 Book Entry Only 

Interest Rate:

 Floating

Daycount Convention:

 Actual/360

Base rate:

 LIBOR Telerate Page 3750

Index Maturity:

 90 days

Spread

 -10.0 bps

Initial Interest Rate:

 1.80375%

Interest Reset Period:

 Quarterly, commencing on March 28, 2002

Interest Reset Dates:

 The 28th of each March, June, September and December

Interest Determination Date:

 Two London Banking Days preceding the Interest Reset Date

Interest Payment Dates:

 The 28th of each March, June, September and December, commencing March 28, 2002

May we redeem the Notes prior to maturity?

 No

May the Notes be repaid prior to maturity at the option of the Holder?

 Yes (See Below)

 

The notes will be subject to repayment at the option of the holder on the following repayment dates and following prices, plus accrued interest thereon, if any, upon at least 30 calendar days prior notice to us and the Senior Trustee.



Repayment Date

December 28, 2011 
December 28, 2014 
December 28, 2017 
December 28, 2020 
December 28, 2023 and on each third anniversary thereafter to the Stated Maturity Date

Put Price
(of Outstanding
Principal Amount)

99.00% 
99.25% 
99.50% 
99.75% 
100.00%

 Discount Note?

No