BANK OF AMERICA CORPORATION
MEDIUM-TERM NOTES, SERIES L
$1,500,000,000
5.875% SENIOR NOTES, DUE FEBRUARY 2042
FINAL TERM SHEET
Dated February 2, 2012
| Issuer: | Bank of America Corporation | |
| Ratings of this Series: | Baa1 (Moody’s)/A- (S&P)/A (Fitch) | |
| Title of the Series: | 5.875% Senior Notes, due February 2042 | |
| Aggregate Principal Amount Initially | $1,500,000,000 | |
| Being Issued: | ||
| Issue Price: | 98.929% | |
| Trade Date: | February 2, 2012 | |
| Settlement Date: | February 7, 2012 (T+3) | |
| Maturity Date: | February 7, 2042 | |
| Ranking: | Senior | |
| Minimum Denominations: | $2,000 and multiples of $1,000 in excess of $2,000 | |
| Day Count Fraction: | 30/360 | |
| Interest Rate: | 5.875% | |
| Interest Payment Dates: | February 7 and August 7 of each year, beginning August 7, 2012, subject to following business day convention (unadjusted). | |
| Interest Periods: | Semi-annual | |
| Treasury Benchmark: | 30 year U.S. Treasury, due August 15, 2041 | |
| Treasury Yield: | 2.982% | |
| Treasury Benchmark Price: | 115 | |
| Spread to Treasury Benchmark: | +297bps | |
| Reoffer Yield: | 5.952% | |
| Optional Redemption: | None | |
| Listing: | None | |
| Lead Manager and Sole Book-Runner: | Merrill Lynch, Pierce, Fenner & Smith Incorporated | |
| Senior Co-Managers: | ANZ Securities, Inc., Banca IMI S.p.A., Goldman, Sachs & Co., Lloyds Securities Inc., Mitsubishi UFJ Securities (USA), Inc., RBS Securities Inc., Santander Investment Securities Inc., Scotia Capital (USA) Inc., SG Americas Securities, LLC | |
| Junior Co-Managers: | CastleOak Securities, L.P., The Williams Capital Group, L.P. | |
| CUSIP: | 06051GEN5 | |
| ISIN: | US06051GEN51 |
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 fixedincomeir@bankofamerica.com or dg.prospectus_requests@baml.com.
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