Bank of America(logo) 100 North Tryon Street Charlotte, NC 28255 Tel 704.386.5000 Pricing Supplement No. 0240 Dated December 2, 1999 Rule 424(b)(2) (To Prospectus dated May 21, 1998 and File number: 333-51367 Prospectus Supplement dated November 16, 1998) Senior Medium-Term Notes, Series H Due Nine Months or More From Date of Issue Principal Amount: $ 20,000,000.00 Issue Price: 100.0000% $ 20,000,000.00 Commission or Discount: 1.0000% $ 200,000.00 Proceeds to Company: 99.0000% $ 19,800,000.00 Agent: Morgan Stanley Dean Witter & Co., as Principal Original Issue Date: December 17, 1999 Stated Maturity Date: December 17, 2039 Cusip #: 06050M-AG-2 Form: Book-entry only Interest Rate: Floating Daycount Convention: Act/360 Base rate: LIBOR Telerate Page 3750 Index maturity: 90 days Spread: -10.0 bps Initial Interest Rate: To be determined on December 15, 1999 Interest Reset Period: Quarterly, commencing on March 17, 2000 Interest Reset Dates: 17th of March, June, September and December Interest Determination Date: Two London Banking Days preceding the Reset Date Interest Payment Dates: 17th of March, June, September and December commencing March 17, 2000 Mininum Denomination: $250,000.00 May the Notes be redeemed by the Company 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 the Company and Trustee. Repayment Date Put Price ---------------- --------- December 17, 2009 99.00% December 17, 2012 99.25% December 17, 2015 99.50% December 17, 2018 99.75% December 17, 2021 and on each 100.00% third anniversary thereafter to maturity