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Bank of America, 0.25% Senior Notes Exch into 3 Common Stocks due 2/15/2012
Ticker Symbol: BOR.V* CUSIP: 060505CZ5 Exchange: AMEX
* NOTE: This security is no longer trading as of 2/15/2012
QUANTUMONLINE.COM SECURITY DESCRIPTION: Bank of America Corp., 0.25% Senior Notes exchangeable into a basket of three common stocks, due 2/15/2012, and issued in $1000 denominations. The basket stocks are equally weighted and include The Coca-Cola Co., Coach Inc. and Franklin Resources (see page PS-3 of the prospectus for details). The notes pay interest semiannually at 0.25% ($2.50) per annum payable on 2/15 & 8/15 to holders of record on the 15th calendar day prior to the payment date. The notes are callable at the company's option on or after the first call date of 2/15/2009 at the greater of the arithmetric value of the basket during the call calculation period or the $1000 principal amount of the notes.. The notes are exchangeable at the holder's option on or after the first exchange date of 3/15/2007 into cash or shares of the basket stock at the company's option. The initial value of the basket is $965.9385 which represents an initial premium of 4.5% of the $1000 principal amount. At maturity if the notes have not been called or exchanged, the notes will pay the greater of a cash amount equal to the arithmetric value of the basket during the maturity calculation period or at the company's option shares of the basket stocks or the $1000 principal amount. See page PS-4 of the prospectus of further information of the maturity payment and page PS-9 for tax considerations of the notes. The notes are senior unsecured debt securities of Bank of America Corp. and rank equally with their other senior unsecured obligations. See the IPO Prospectus for further information on the notes by clicking on the ‘Link to IPO Prospectus’ provided below.
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Go to Parent Company's Record (BAC)
IPO - 2/15/2007 - 100,000 Notes @ $1000.00/note.
Link to IPO Prospectus
Market Value $100.0 Million
Company's Online Information Links
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Company's Online SEC EDGAR Filings |
Company's Email Address Links |
Address and Phone Numbers |
Address: 100 N. Tryon Street, Charlotte, NC 28255 |
Main Phone Number |
704-386-5681 |
Fax Number |
980-386-6699 |
Investor Contact
Kevin Stitt
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212-449-3008
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Toll Free Phone Number |
800-299-2265 |
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