BAC-L Bank of America 7.25% Non Cumulative Convertible Preferred Series L

Dividends payable on January 30, April 30, July 30, and October 30 of each year, beginning April 30, 2008. Each share of the Preferred Stock may be converted at any time, at the option of the holder, into 20.0000 shares of common stock (which reflects an initial conversion price of $50.00 per share of common stock, which is approximately a 25% premium over the VWAP of the Issuer’s common stock from 2:30 p.m. EST on January 23, 2008 to 4:00 p.m. on the pricing date of the offering) plus cash in lieu of fractional shares, subject to anti-dilution adjustments. On or after January 30, 2013, the Issuer may, at its option, at any time or from time to time cause some or all of the Preferred Stock to be converted into shares of common stock at the then-applicable conversion rate if, for 20 trading days during any period of 30 consecutive trading days, the closing price of common stock exceeds 130% of the then-applicable conversion price of the Preferred Stock.  This security was issued by Bank of America Corp, whose common stock symbol is BAC.

$1,206.98  +4.99 (0.42%)
As of 06/29/2022 13:54:34 EST     IEX book   CBOE book


Security Information
Category1:  US Equity
Category2:  Preferred stocks
Category3:  Convertible
GICS sector:  Financials
Industry:  Banks—Diversified
Index country:  USA
Country of incorporation:  USA
IPO date:  02/11/2013
Outstanding shares:  6,000,000
Average volume:  10,166
Market cap:   $7,210,380,000
Current dividend yield:  6.03%    calculation
Coupon rate:    7.250%
Cumulative:    No
Liquidation value:   $1,000.00
Callable after:   01/30/2013
Maturity date:    n/a - perpetual
Prospectus:    Read on SEC.gov
All SEC filings:     SEC Edgar Online
Quarterly filings:   10-Q
Annual filings:      10-K
Sedol:      B2PB3Z7

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