February 16, 2012
Further to Bulletin 2012-0209, content amended to include interest rates.
CNSX Markets has approved for listing BAC Canada Finance Company Extendible Step Up Semi-Annual Pay Medium-Term Notes, Series 5 (the “Notes”).
The Notes distributed under prospectus and pricing supplement will be sold by the Dealer through a selling agent on the Exchange at the Issue Price. The Notes will be posted for trading on an "if, as and when issued" basis from February 16, 2012 until on or about February 27, 2012. The Notes will trade "interest flat" during this period.
Trades during the period will settle on the Issue Date, February 29, 2012.
The Notes are unsecured and unsubordinated debt securities of BAC Canada Finance Company (formerly Merrill Lynch Canada Finance Company, the “Company”), unconditionally guaranteed as to payment of all amounts payable by Bank of America Corporation.
The medium-term note program of the Company is rated “A-” by Standard & Poor’s Rating Services, (P)Baa1 by Moody’s Investors Service, Inc. and A by Fitch Inc. These Notes will not be specifically rated by any of these rating agencies.
The Company will pay interest semi-annually during the term of the Notes, calculated based on a 360 day year consisting of twelve 30 day months. The initial term of the Notes will end on August 29, 2012, the Initial Maturity Date. The Company may, at its option, on the Initial Maturity Date and on each semi-annual Subsequent Maturity Date thereafter on which the Notes are outstanding, extend the Maturity Date of the Notes to the next following Subsequent Maturity Date or to the Final Maturity Date of February 28, 2017, at the interest rate below in respect of the relevant Extension Period.
Annual Interest Rate to February 28, 2013
From and including February 29, 2012 to but excluding February 28, 2013 -- 3.00%
Annual Interest Rate – February 28, 2013 to February 28, 2017 (subject to extension of the term of the Notes by the Company).
From and including February 28, 2013 to but excluding February 28, 2014- 3.00%
From and including February 28, 2014 to but excluding February 28, 2015- 3.00%
From and including February 28, 2015 to but excluding February 28, 2016- 3.20%
From and including February 28, 2016 to but excluding February 28, 2017- 3.20%
Principal Protection: 100%, if the Notes are held to the Maturity Date.
Payment at Maturity: The Principal Amount will be repaid on the Maturity Date.
Further details and the prospectus for the Notes will be available in the CNSX Listings Disclosure Hall.
Issue Date: February 29, 2012
Dealer: Stuart Investment Management Limited
Symbol: BMF.DB.D
CUSIP: 05518ZBA3
ISIN: CA05518ZBA36
Currency: CAD
If you have any questions or require further information please contact Radhika at (416) 572-2000 X 2435 or E-mail:radhika.ramkarran@cnsx.ca