Bank of America Corporation 6.50% Non Cumulative Preferred Stock Series Y

By: ,

Date Issued  1/20/2015

Shares Sold  40,000,000   Overallotment Shares  4,000,000

S&P Rating   BB   Moodys Rating   Ba3

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Security Ticker Symbol   BAC-Y     Temporary OTC Ticker   BKMRP

Market Traded ON   NYSE

Dividend Payment Paid on the 27th of January, April, July and October starting on April 27, 2015 

Quarterly Dividend   .406   Annual Dividend   1.625

Securities may be redeemed, at the issuers option, as early as 01/27/2020 for a redemption price of $25/share plus accrued dividends (redemption date corrected from earlier incorrect year)

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Dividend Payment Will Likely be a Qualified Distributions

Maturity Date   None

 

Company Investor Relations Page for Bank of America

Below you can find the offering Prospectus and Final Pricing Document

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