Bank of America Corporation 100 North Tryon Street Charlotte, NC 28255 Pricing Supplement Number 007 Dated Monday, March 19, 2001 Rule 424(b)(2) (to Prospectus dated January 22, 2001) File No. 333-47222 $3,000,000,000 InterNotes(sm) Minimum Denomination: $1000.00 Minimum Increments: $1000.00 All trade settle flat and clear SDFS: DTC Book Entry Only Trade Date: Monday, March 19, 2001 @ 12:00 PM ET Settlement Date: Thursday, March 22, 2001 @ 3:30 PM ET CUSIP Number 06050XAS2 06050XAT0 06050XAU7 - -------------- Coupon Rate 6.500% 6.700% 6.850% - -------------- Coupon Semi Semi Frequency Annually Monthly Annually - -------------- Maturity Date* 3/15/11 3/15/16 3/15/21 - -------------- Resale Price 100.00% 100.00% 100.00% - ------------- Gross Concession 1.500% 2.000% 2.500% - ------------- Net Proceeds To Issuer: $32,048,945.00 $21,286,580.00 $14,033,175.00 - -------------- Call Date non-callable **callable ***callable on 3/15/04 on 3/15/05 and every and every coupon date coupon date thereafter thereafter - -------------- Call Price non-callable 100.00% 100.00% - -------------- 1st Coupon Date* 9/15/01 4/15/01 9/15/01 - -------------- 1st Coupon Amount $31.24 $4.28 $32.92 - -------------- Survivor's Option Yes Yes Yes - -------------- Product Subordinated Subordinated Subordinated Ranking Unsecured Unsecured Unsecured Notes Notes Notes - -------------- Moody's Rating Aa3 Aa3 Aa3 - -------------- S&P Rating A A A - ------------ *If the maturity date or an interest payment date for any note is not a Business Day (as term is defined in Prospectus), principal, premium, if any, and interest for that note is paid on the next Business Day, and no interest will accrue from, and after, the maturity date or interest payment date. **The InterNotes(sm) will be subject to redemption at the option of Bank of America Corporation, in whole, on the Interest Payment Date occurring 3/15/04 and on any Interest Payment Date thereafter at a redemption price equal to 100% of the principal amount of the InterNotes(sm), plus accrued interest thereon, if any, upon at least 30 days prior notice to the Noteholder and the Trustee, as described in the Prospectus. ***The InterNotes(sm) will be subject to redemption at the option of Bank of America Corporation, in whole, on the Interest Payment Date occurring 3/15/05 and on any Interest Payment Date thereafter at a redemption price equal to 100% of the principal amount of the InterNotes(sm), plus accrued interest thereon, if any, upon at least 30 days prior notice to the Noteholder and the Trustee, as described in the Prospectus. InterNotes(sm) is the service mark of Incapital, LLC. All rights reserved.