Filed pursuant to Rule 433
Registration No. 333-158663
BANK OF AMERICA CORPORATION
MEDIUM-TERM NOTES, SERIES L
$1,500,000,000
3.700% SENIOR NOTES, DUE SEPTEMBER 2015
FINAL TERM SHEET
Dated August 17, 2010
Issuer: | Bank of America Corporation | |
Ratings of this Series: | A2 (Moodys)/A (S&P)/A+ (Fitch) | |
Title of the Series: | 3.700% Senior Notes, due September 2015 | |
Aggregate Principal Amount Initially Being Issued: | $1,500,000,000 | |
Issue Price: | 99.876% | |
Trade Date: | August 17, 2010 | |
Settlement Date: | August 20, 2010 (DTC) | |
Maturity Date: | September 1, 2015 | |
Ranking: | Senior | |
Minimum Denominations: | $5,000 and multiples of $5,000 in excess of $5,000 | |
Day Count Fraction: | 30/360 | |
Interest Rate: | 3.700% | |
Interest Payment Dates: | March 1 and September 1 of each year, beginning March 1, 2011, subject to unadjusted following business day convention. | |
Interest Periods: | Semi-annual | |
Treasury Benchmark: | 5 year U.S. Treasury, due July 31, 2015 | |
Treasury Yield: | 1.427% | |
Treasury Benchmark Price: | 101-17 1/4 | |
Spread to Treasury Benchmark: | +230bps | |
Optional Redemption: | None | |
Listing: | None | |
Lead Manager and Sole Book-Runner: | Banc of America Securities LLC | |
Senior Co-Managers: | BB&T Capital Markets, a division of Scott & Stringfellow, LLC | |
Deutsche Bank Securities, Inc. | ||
Fifth Third Securities, Inc. | ||
Lloyds TSB Bank plc | ||
PNC Capital Markets LLC | ||
Junior Co-Managers: | CastleOak Securities, L.P. | |
The Williams Capital Group, L.P. | ||
CUSIP: | 06051G ED7 | |
ISIN: | US06051GED79 |
Bank of America Corporation (the Issuer) has filed a registration statement (including a pricing supplement, a prospectus supplement, and a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read those documents and the other documents that the Issuer has filed with the SEC for more complete information about the Issuer and this offering. You may obtain these documents for free by visiting EDGAR on the SEC website at www.sec.gov. Alternatively, the lead manager will arrange to send you the pricing supplement, the prospectus supplement, and the prospectus if you request them by contacting Banc of America Securities LLC, toll free at 1-800-294-1322. You may also request copies by e-mail from securities.administration@bankofamerica.com or dg.prospectus_distribution@bofasecurities.com.