Filed Pursuant to Rule 433
Registration No. 333-158663
BANK OF AMERICA CORPORATION
MEDIUM-TERM NOTES, SERIES L
$1,500,000,000
5.875% SENIOR NOTES, DUE JANUARY 2021
FINAL TERM SHEET
Dated December 16, 2010
| Issuer: |
Bank of America Corporation | |
| Ratings of this Series: |
A2 (Moody’s)/A (S&P)/A+ (Fitch) | |
| Title of the Series: |
5.875% Senior Notes, due January 5, 2021 | |
| Aggregate Principal Amount Initially |
$1,500,000,000 | |
| Being Issued: |
||
| Issue Price: |
99.264% | |
| Trade Date: |
December 16, 2010 | |
| Settlement Date: |
December 21, 2010 (T+3) | |
| Maturity Date: |
January 5, 2021 | |
| Ranking: |
Senior | |
| Minimum Denominations: |
$5,000 and multiples of $5,000 in excess of $5,000 | |
| Day Count Fraction: |
30/360 | |
| Interest Rate: |
5.875% | |
| Interest Payment Dates: |
January 5 and July 5 of each year, beginning July 5, 2011, subject to unadjusted following business day convention. Long first coupon. | |
| Interest Periods: |
Semi-annual | |
| Treasury Benchmark: |
10 year U.S. Treasury, due November 15, 2020 | |
| Treasury Yield: |
3.473% | |
| Treasury Benchmark Price: |
92-30 | |
| Spread to Treasury Benchmark: |
+250bps | |
| Reoffer Yield |
5.973% | |
| Optional Redemption: |
None | |
| Listing: |
None | |
| Lead Manager and Sole Book-Runner: |
Merrill Lynch, Pierce, Fenner & Smith Incorporated | |
| Senior Co-Managers: |
ANZ Securities, Inc., Deutsche Bank Securities, Inc., ING Financial Markets LLC, Lloyds TSB Bank plc, Mizuho Securities USA Inc., Scotia Capital (USA) Inc. | |
| Junior Co-Managers: |
Aladdin Capital LLC, Blaylock Robert Van, LLC, Cantor Fitzgerald & Co. | |
| CUSIP: |
06051G EE5 | |
| ISIN: |
US06051GEE52 |
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 Merrill Lynch, Pierce, Fenner & Smith Incorporated, 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.
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