Free Writing Prospectus

Filed Pursuant to Rule 433

Registration No. 333-158663

 

BANK OF AMERICA CORPORATION

MEDIUM-TERM NOTES, SERIES L

 

$600,000,000

FLOATING RATE SENIOR NOTES, DUE MARCH 2017

 

FINAL TERM SHEET

 

Dated March 2, 2012

 

Issuer:    Bank of America Corporation
Ratings of this Series:    Baa1 (Moody’s)/A- (S&P)/A (Fitch)
Title of the Series:    Floating Rate Senior Notes, due March 2017
Aggregate Principal Amount Initially Being Issued:    $600,000,000
Issue Price:    100.00%
Trade Date:    March 2, 2012
Settlement Date    March 9, 2012 (T+5)
Maturity Date:    March 9, 2017
Ranking:    Senior
Minimum Denominations:    $2,000 and multiples of $1,000 in excess of $2,000
Day Count Fraction:    Actual/360
Base Rate:    Three-Month LIBOR (Reuters)
Index Maturity:    90 days
Spread:    285 basis points
Interest Payment Dates and Interest Reset Dates:    March 9, June 9, September 9 and December 9 of each year, commencing on June 9, 2012, subject to adjustment in accordance with the modified following business day convention.
Interest Periods:    Quarterly. The initial interest period will be the period from, and including, the Settlement Date to, but excluding, June 9, 2012, the initial Interest Payment Date. The subsequent interest periods will be the periods from, and including, the applicable Interest Payment Date to, but excluding, the next Interest Payment Date or the Maturity Date, as applicable.
Interest Determination Dates:    Second London banking day prior to applicable Interest Reset Date
Optional Redemption:    None
Listing:    None
Lead Manager and Sole Book-Runner:    Merrill Lynch, Pierce, Fenner & Smith Incorporated
Co-Managers:    Loop Capital Markets LLC, Muriel Siebert & Co., Inc.
CUSIP:    06051GEP0
ISIN:    US06051GEP00

 

Bank of America Corporation (the “Issuer”) has filed a registration statement (including a pricing supplement, a prospectus supplement, and a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read those documents and the other documents that the Issuer has filed with the SEC for more complete information about the Issuer and this offering. You may obtain these documents for free by visiting EDGAR on the SEC website at www.sec.gov. Alternatively, the lead manager will arrange to send you the pricing supplement, the prospectus supplement, and the prospectus if you request them by contacting Merrill Lynch, Pierce, Fenner & Smith Incorporated, toll free at 1-800-294-1322. You may also request copies by e-mail from fixedincomeir@bankofamerica.com or dg.prospectus_requests@baml.com.