BANK OF AMERICA CORPORATION
MEDIUM-TERM NOTES, SERIES L
$750,000,000 REOPENING OF 5.700% SENIOR NOTES, DUE JANUARY 2022
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: | 5.700% Senior Notes, due January 2022 | |
| Aggregate Principal Amount Initially | $1,500,000,000 | |
| Issued on January 24, 2012: | ||
| Aggregate Principal Amount to Be | $750,000,000 | |
| Issued in Reopening: | ||
| Total Aggregate Principal Amount, | $2,250,000,000 | |
| After Giving Effect to the Reopening: | ||
| Issue Price: | 104.831% (not including accrued interest) | |
| Accrued Interest: | $1,543,750 | |
| Net Proceeds to Issuer: | $787,776,250 (including accrued interest) | |
| Trade Date of Reopening: | February 2, 2012 | |
| Settlement Date of Reopening: | February 7, 2012 (T+3) | |
| Maturity Date: | January 24, 2022 | |
| Ranking: | Senior | |
| Minimum Denominations: | $2,000 and multiples of $1,000 in excess of $2,000 | |
| Day Count Fraction: | 30/360 | |
| Interest Rate: | 5.700% | |
| Interest Payment Dates: | January 24 and July 24 of each year, beginning July 24, 2012, subject to following business day convention (unadjusted). | |
| Interest Periods: | Semi-annual | |
| Treasury Benchmark: | 10 year U.S. Treasury, due November 15, 2021 | |
| Treasury Yield: | 1.826% | |
| Treasury Benchmark Price: | 101-17+ | |
| Spread to Treasury Benchmark: | +325bps | |
| Reoffer Yield: | 5.076% | |
| 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: | 06051GEM7 | |
| ISIN: | US06051GEM78 |
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
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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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