Filed Pursuant to Rule 433
Registration No. 333-180488
BANK OF AMERICA CORPORATION
MEDIUM-TERM NOTES, SERIES L
$1,000,000,000 REOPENING OF 2.000% SENIOR NOTES, DUE JANUARY 2018
FINAL TERM SHEET
Dated March 19, 2013
Issuer: | Bank of America Corporation | |
Ratings of this Series: | Baa2 (Moodys)/A- (S&P)/A (Fitch) | |
Title of the Series: | 2.000% Senior Notes, due January 2018 | |
Aggregate Principal Amount Initially Issued on January 11, 2013: | $2,000,000,000 | |
Aggregate Principal Amount to Be Issued in Reopening: | $1,000,000,000 | |
Total Aggregate Principal Amount, After Giving Effect to the Reopening: | $3,000,000,000 | |
Issue Price: | 100.017% (not including accrued interest) | |
Accrued Interest: | $3,944,444.44 | |
Net Proceeds to Issuer: | $1,004,114,444.44 (including accrued interest) | |
Trade Date of Reopening: | March 19, 2013 | |
Settlement Date of Reopening: | March 22, 2013 (T+3) | |
Maturity Date: | January 11, 2018 | |
Ranking: | Senior | |
Minimum Denominations: | $2,000 and multiples of $1,000 in excess of $2,000 | |
Day Count Fraction: | 30/360 | |
Interest Rate: | 2.000% per annum | |
Interest Payment Dates: | January 11 and July 11 of each year, beginning July 11, 2013, subject to following business day convention (unadjusted). | |
Interest Periods: | Semi-annual | |
Treasury Benchmark: | 5 year U.S. Treasury, due February 28, 2018 | |
Treasury Yield: | 0.776% | |
Treasury Benchmark Price: | 99-28 | |
Spread to Treasury Benchmark: | +122bps | |
Reoffer Yield: | 1.996% | |
Optional Redemption: | None | |
Listing: | None | |
Lead Manager and Sole Book-Runner: | Merrill Lynch, Pierce, Fenner & Smith Incorporated | |
Senior Co-Managers: | Barclays Capital Inc.; BB&T Capital Markets, a division of BB&T Securities, LLC; BMO Capital Markets Corp.; Capital One Southcoast, Inc.; CIBC World Markets Corp.; Deutsche Bank Securities Inc.; Lloyds Securities Inc.; Mizuho Securities USA Inc.; Natixis Securities Americas LLC; RBS Securities Inc.; Santander Investment Securities Inc.; Scotia Capital (USA) Inc.; Standard Chartered Bank; Swedbank AB (publ); VTB Capital plc | |
Junior Co-Managers: | Lebenthal & Co., LLC; Loop Capital Markets LLC; Mischler Financial Group, Inc. | |
CUSIP: | 06051GET2 |
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ISIN: | US06051GET22 |
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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