New Issue: BofA prices $5.27 million fixed to floating notes linked to CMS rate

By Jennifer Chiou

New York, Nov. 1 - Bank of America Corp. priced $5.27 million of fixed- to floating-rate notes due Nov. 4, 2020 linked to the 10-year Constant Maturity Swap rate, according to a 424B2 filing with the Securities and Exchange Commission.

The coupon will be 5% for the first year, payable quarterly. After that, the rate will accrue at 0.98 times the 10-year CMS rate.

The payout at maturity will be par.

Merrill Lynch, Pierce, Fenner & Smith Inc. is the agent.

Issuer:	Bank of America Corp.
Issue:	Fixed- to floating-rate notes
Amount:	$5,265,000
Maturity:	Nov. 4, 2020
Coupon:	5% for first year; then 0.98 times the 10-year CMS rate; payable quarterly
Price:	Par
Payout at maturity:	Par plus accrued interest
Pricing date:	Oct. 28
Settlement date:	Nov. 4
Underwriter:	Merrill Lynch, Pierce, Fenner & Smith Inc.
Fees:	2.5%
Cusip:	06048WEF3

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