PreferredStockChannel
Bank of America Corp | 6% Capital Securities (BAC.PRZ)

This preferred is marked as having been called.
Prospectus excerpt:  The liquidation amount for each capital security is $25. If you purchase capital securities, you will be entitled to receive cumulative cash distributions at an annual rate of $1.50 for each capital security. This amount represents 6% of the $25 liquidation amount for each capital security. If the Trust is terminated and its assets distributed, you will be entitled to receive the $25 liquidation amount for each capital security you own, or an equal principal amount of junior subordinated notes, in each case plus accumulated but unpaid distributions, from the assets of the Trust available for distribution after payment of liabilities owed to any creditors. If the Trust does not have sufficient funds, you may not receive the full liquidation amount and accumulated but unpaid distributions. For a complete description of the capital securities, see ˘Description of Capital Securities÷ on page S-18.

Distributions on the capital securities will accumulate from August 25, 2005. The Trust will pay distributions quarterly in arrears on February 25, May 25, August 25, and November 25 of each year, beginning November 25, 2005. The Trust will pay distributions only when it has funds available for payment.

Holders of the capital securities will have no voting rights, except as described in the sections of the attached prospectus entitled ˘Description of the Capital Securities ¨ Voting Rights÷ and ˘Description of Guarantee ¨ Amendment and Assignment÷ on pages 20 and 37 of the attached prospectus, respectively, and as otherwise required by law and the declaration of trust.

Full Prospectus PDF », BAC Page »

Alternate symbology:BAC-Z, BAC-PZ, BACprZ
Redeemable?:Yes
Call Date:8/25/2010 (Now Trading Post Call Date)
Maturity Date:8/25/2035
Cumulative?:Yes
Shares Offered:20,000,000
Overallotment:3,000,000
Liquidation Preference:$25
Original Coupon:6.00%
Pay Period:Quarterly
Pay Dates:25-Feb, 25-May, 25-Aug, 25-Nov
CDx3 Compliance Rating: Learn BAC.PRZ's Rating
Bank of America is a bank and financial holding company. Through its subsidiaries, Co. provides banking, investing, asset management and other financial and risk management products and services. Co.'s segments include: Consumer Banking, which provides credit, banking and investment products and services; Global Wealth and Investment Management, which provides investment management, brokerage, banking and retirement products, Global Banking, which provides a range of lending-related products and services, integrated working capital management and treasury solutions, and underwriting and advisory services; Global Markets, which provides sales and trading services and research services.

Preferreds: BML.PRQ, BML.PRI, BML.PRN, BML.PRG, BML.PRH, CFC.PRA, BAC.PRJ, MER.PRD, MER.PRE, MER.PRF, MER.PRK, MER.PRM, MER.PRP, CFC.PRB, BAC.PRC, BAC.PRD, BAC.PRE, BAC.PRH, BAC.PRI, BAC.PRL, BAC.PRU, BAC.PRV, BAC.PRW, BAC.PRX, BAC.PRY, BAC.PRZ, BML.PRJ, BML.PRL, BML.PRO, BAC.PRA, BAC.PRB, BAC.PRK, BAC.PRM, BAC.PRN


Open the BAC Information Page »
Name: 
Bank of America Corp
Website: 
www.bankofamerica.com
Sector: 
Banking & Savings
Number of ETFs Holding BAC: 
116 (see which ones)
Total Market Value Held by ETFs: 
$37,170,957,208.08
Total Market Capitalization: 
$380,069,000,000
% of Market Cap. Held by ETFs: 
9.78%

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