Issuer:
|
Bank of America Corporation | |
Security:
|
Depositary Shares each representing a 1/1,000th interest in a share of Bank of America Corporation 6.625% Non-Cumulative Preferred Stock, Series I | |
Ratings:
|
Aa3 (Moodys) / A+ (S&P) / AA (Fitch) | |
Size:
|
22,000,000 Depositary Shares | |
Maturity:
|
Perpetual | |
Day Count:
|
30/360 | |
Trade Date:
|
September 20, 2007 | |
Settlement Date:
|
September 26, 2007 (DTC) | |
Dividend Rate (Non-Cumulative):
|
6.625% | |
Dividend Payment Dates:
|
January 1, April 1, July 1, and October 1 of each year, beginning January 1, 2008. | |
Optional Redemption:
|
On any Dividend Payment Date on or after October 1, 2017 (subject to limitations described in the prospectus supplement dated September 20, 2007). | |
Public Offering Price:
|
$25 per depositary share | |
Underwriting Commissions:
|
$5,500,000 | |
Net Proceeds (before expenses) to
Bank of America Corporation:
|
$544,500,000 | |
Lead Manager:
|
Banc of America Securities LLC | |
Co-Managers:
|
Bear, Stearns & Co. Inc. Deutsche Bank Securities Inc. UBS Securities LLC Muriel Siebert & Co., Inc. The Williams Capital Group, L.P. |
|
Listing:
|
NYSE | |
CUSIP for the Depositary Shares:
|
060505740 |