CHARLOTTE, N.C., Jun 18, 2012 (BUSINESS WIRE) — Bank of America Corporation
announced that it is calling for redemption in full on July 15, 2012 the
remaining principal amount of (a) $218,643,825 of its outstanding 6.500 percent
Subordinated InterNotes(R) due October 15, 2032, CUSIP 060505401,
NYSE Symbol IKJ and (b) $100,277,850 of its outstanding 5.500 percent
Subordinated InterNotes(R) due July 15, 2033, CUSIP 060505500,
NYSE Symbol IKL (collectively, the
“Notes”). Each series of
the Notes will be redeemed at a price equal to 100 percent of the principal
amount of that series, plus the applicable unpaid interest accrued to July 15,
2012. From and after July 15, 2012, no interest will accrue on the Notes, and
the only remaining right of holders of the Notes will be to receive the
redemption price.
The Notes are to be surrendered to The Bank of New York Mellon, as trustee and
paying agent, in exchange for the redemption price.
The address of the Trustee/Paying Agent is as follows:
The Bank of New York Mellon
101 Barclay Street
New York, New York 10286
This press release is for information purposes only and shall not constitute an
offer to purchase or redeem the Notes.
Bank of America
Bank of America is one of the world’s largest financial institutions, serving
individual consumers, small- and middle-market businesses and large corporations
with a full range of banking, investing, asset management and other financial
and risk management products and services. The company provides unmatched
convenience in the United States, serving approximately 57 million consumer and
small business relationships with approximately 5,700 retail banking offices and
approximately 17,250 ATMs and award-winning online banking with 30 million
active users. Bank of America is among the world’s leading wealth management
companies and is a global leader in corporate and investment banking and trading
across a broad range of asset classes, serving corporations, governments,
institutions and individuals around the world. Bank of America offers
industry-leading support to approximately 4 million small business owners
through a suite of innovative, easy-to-use online products and services. The
company serves clients through operations in more than 40 countries. Bank of
America Corporation stock (NYSE: BAC) is a component of the Dow Jones Industrial
Average and is listed on the New York Stock Exchange.
Forward-Looking Statements
Certain statements in this news release represent the current expectations,
plans or forecasts of Bank of America and are forward-looking. Forward-looking
statements can be identified by the fact that they do not relate strictly to
historical or current facts. These statements often use words like
“expects,”
“anticipates,”
“believes,”
“estimates,”
“targets,”
“intends,”
“plans,”
“predict,”
“goal” and other similar
expressions or future or conditional verbs such as
“will,”
“may,”
“might,”
“should,”
“would” and
“could.” Forward-looking
statements speak only as of the date they are made, and Bank of America
undertakes no obligation to update any forward-looking statement to reflect the
impact of circumstances or events that arise after the date the forward-looking
statement was made.
These statements are not guarantees of future results or performance and involve
certain risks, uncertainties and assumptions that are difficult to predict and
are often beyond Bank of America’s control. Actual
outcomes and results may differ materially from those expressed in, or implied
by, any of these forward-looking statements. You should not place undue reliance
on any forward-looking statement and should consider all of the uncertainties
and risks discussed under Item 1A. “Risk
Factors” of Bank of
America’s Annual Report on Form 10-K for the year
ended December 31, 2011 and in any of Bank of
America’s other subsequent Securities and Exchange
Commission filings.
For more Bank of America news, visit the Bank of America newsroom.
SOURCE: Bank of America
CONTACT:
Fixed Income Investors May Contact:
Patti Noneman, Bank of America, 1.980.388.3591
Jonathan Blum, Bank of America, 1.212.449.3112
Reporters May Contact:
Scott Silvestri, Bank of America, 1.980.388.9921
scott.silvestri@bankofamerica.com
Copyright Business Wire 2012
-0-
KEYWORD: United States
North America
North Carolina
INDUSTRY KEYWORD: Professional Services
Banking
Finance
SUBJECT CODE: Funding
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