Sector: Banking
Bank of America, Floating Rate Non-Cumulative Preferred Stock, Series E (4% Min.)
Coupon floats at the greater of 3 month Libor plus .35% or 4%.
Bank of America, Floating Rate Non-Cumulative Preferred Stock Series 5 (4% Min)
Coupon floats at the rate of 3 month libor plus 1/2% with a 4% minimum.
Originally issued by Merrill Lynch which was acquired by Bank of America
7/1/2023 Now trading with 3 month SOFR plus .2616% Replacing LIBOR
Bank of America, Floating Rate Non-Cumulative Preferred Stock Series 4 (4% Min.)
Originally issued by Merrill Lynch
Coupon will float at a rate of 3 month Libor plus a spread of .75% with an overriding minimum of 4%
7/1/2023 Now trading with 3 month SOFR plus .2616% Replacing LIBOR
Bank of America, Floating Rate Non-Cumulative Preferred Stock Series 2 (3% Min.)
Originally issued by Merrill Lynch
Coupon will float at a rate of 3 month Libor plus a spread of .65% with an overriding minimum of 3%
7/1/2023 Now trading with 3 month SOFR plus .2616% Replacing LIBOR